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API FUNDS
Annualized Performance (%) Summary for the Calendar Quarter Ended
March 31, 2017

CLASS A
API FUND STATUS INCEPTION YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION
Short Term Bond
APIMX
w/o sales charge 7/02/1997 1.64 5.99 0.72 2.37 -0.16 3.42
with sales charge -0.65 3.61 -1.25 1.17 -0.16 3.42
Multi-Asset Income
APIUX
w/o sales charge 7/02/1997 4.23 17.70 2.68 5.59 7.24 5.74
with sales charge -1.76 10.94 0.67 4.45 7.24 5.74
Capital Income
APIGX
w/o sales charge 4/13/1988 4.51 10.90 3.21 6.69 4.23 6.67
with sales charge -1.50 4.52 1.20 5.43 4.23 6.67
Master Allocation
APIFX
w/o sales charge 3/19/2009 4.16 10.57 2.09 6.69 - 12.73
with sales charge -1.83 4.21 0.10 5.44 - 11.90
Growth
AFGGX
w/o sales charge 7/01/2004 7.73 14.00 4.36 9.46 5.43 7.06
with sales charge 1.54 7.44 2.32 8.17 5.43 7.06
CLASS L
API FUND SYMBOL INCEPTION YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION
Short Term Bond AFMMX 7/01/2004 1.35 5.01 -0.27 1.35 -1.16 2.10
Multi-Asset Income AFFIX 7/01/2004 4.17 17.20 2.18 5.18 6.64 5.26
Capital Income AFDDX 7/01/2004 4.34 10.30 2.68 6.14 3.71 5.88
Master Allocation APILX 3/19/2009 3.99 9.97 1.57 6.15 - 12.16
Growth APITX 6/14/1985 7.43 12.83 3.34 8.36 4.37 7.61
CLASS C
API FUND STATUS INCEPTION YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR INCEPTION
Multi-Asset Income
AFFCX
w/o sales charge 5/06/2016 4.15 - - - - 17.45
with sales charge 3.15 - - - - 14.60
INSTITUTIONAL CLASS
API FUND SYMBOL INCEPTION YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE INCEPTION
Short Term Bond APIBX2 5/31/2013 1.54 5.90 0.71 - - 1.48
Multi-Asset Income APIIX1 4/01/2010 4.32 18.35 3.18 6.22 - 6.19
Capital Income AFAAX 7/01/2004 4.60 11.43 3.72 7.21 4.73 6.92
Master Allocation APMAX2 5/31/2013 4.23 11.06 2.59 - - 5.84
Growth APGRX2 5/31/2013 7.69 13.95 4.38 - - 7.66

As disclosed in the prospectus, (1) the maximum front end load for the API Short Term Bond Fund is 2.25% and (2) the maximum front end load for all other API Funds is 5.75%. The Advisor has contractually agreed to defer the collection of fees and/or reimburse expenses, but only to the extent necessary to limit Gross Annual Fund Operating Expenses (excluding brokerage fees and commissions; borrowing costs, such as (a) interest and (b) dividend on securities sold short; taxes; indirect expenses incurred by the Underlying Fund in which the Fund invests, and extraordinary expenses) for each fund. As of May 31, 2016, the operating expense ratios for the API Funds by fund and share class are: Multi-Asset Income Fund Class A, 2.54%; Multi-Asset Income Fund Class L, 3.04%; Multi-Asset Income Fund Institutional Class, 2.04%; Growth Fund Class A, 1.42%; Growth Fund Class L, 2.42%; Growth Fund Institutional Class,1.42%; Capital Income Fund Class A, 1.84%; Capital Income Fund Class L, 2.34%; Capital Income Fund Institutional Class, 1.34%; Short Term Bond Fund Class A, 1.76%; Short Term Bond Fund Class L, 2.76%; Short Term Bond Fund Institutional Class, 1.76%; Master Allocation Fund Class A, 2.66%; Master Allocation Fund Class L, 3.16%; Master Allocation Fund Institutional Class, 2.16%. As of May 6, 2016, the operating expense ratio for the API Multi-Asset Income Fund, Class C is 3.09%.

As of May 31, 2016, the net annual operating expense ratios for the API Funds by fund and share class are: Multi-Asset Income Fund Class A, 1.12%, Multi-Asset Income Fund Class L, 1.62%, Multi-Asset Income Fund Institutional Class, 0.62% plus acquired fund fees and expenses of 1.42%; Growth Fund Class A, 1.38%, Growth Fund Class L, 2.38%, Growth Fund Institutional Class,1.38% plus acquired fund fees and expenses of 0.04%; Capital Income Fund Class A, 1.66%, Capital Income Fund Class L, 2.16%, Capital Income Fund Institutional Class, 1.16% plus acquired fund fees and expenses of 0.19%; Short Term Bond Fund Class A, 1.44%, Short Term Bond Fund Class L, 2.44%, Short Term Bond Fund Institutional Class, 1.44% plus acquired fund fees and expenses of 0.32%; Master Allocation Fund Class A, 1.30%, Master Allocation Fund Class L, 1.80%, Master Allocation Fund Institutional Class, 0.80% plus acquired fund fee and expenses of 1.36%. As of May 6, 2016, the net annual operating expense ratio for the API Multi-Asset Income Fund, Class C is 1.61% plus acquired fund fees and expenses of 1.48%.

Investing involves risk, including loss of principal. There is no guarantee that this, or any investment strategy, will succeed.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-544-6060 or by clicking here.

The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-544-6060.

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Distributed by Unified Financial Securities, LLC. (Member FINRA)

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You should carefully consider the investment objectives, potential risks, management fees, charges and expenses of the Fund before investing. The Fund's prospectus contains this information and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 800-544-6060. Past performance is no guarantee of future results. The investment return and principal amount value of an investment in the Fund will fluctuate so that an investor's shares when redeemed, may be worth more or less than their
original cost.

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