CHASE GROWTH FUND

Objective

The fund seeks capital appreciation while maintaining a prudent risk profile. The purpose of the fund is to provide a sound investment in an investor's long-term financial plan.

Strategy

The fund's adviser, Chase Investment Counsel Corporation, seeks high quality large-cap growth companies that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years. A further analysis refines and ranks the universe to a smaller number of stocks using additional fundamental and technical factors such as positive earnings revision/surprises, strong relative price performance, and improving profitability. The portfolio holds 30-45 stocks diversified by both sector and industry group.

Performance as of 05/20/2013

Month End Performance as of 04/30/2013

Quarter End Performance as of 03/31/2013

Institutional shares Inception: 1/29/2007 Expense ratio: 1.08%

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. The funds impose a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Distribution History

The Lipper Large-Cap Growth Funds Index measures the performance of the 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc.
The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. Companies.
You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.

Mutual fund investing involves risk. Principal loss is possible.

The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Chase Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.