PLEASE READ THE IMPORTANT INFORMATION BELOW AND CLICK ON "REPRINT" BUTTON AT THE BOTTOM OF THIS PAGE

OAK VALUE FUND TOP TEN HOLDINGS <-- CLICK HERE
OAK VALUE FUND PERFORMANCE <-- CLICK HERE

Important Information:

We are making this article available to you for your information and education. All portfolio holdings are subject to change at any time. Any discussion of specific securities is intended to help readers understand the Oak Value Fund's investment management style, and should not be regarded as a recommendation of any security. Any performance data discussed represents past performance, which is no guarantee of future performance or results in this article. Information concerning the performance of the Oak Value Fund (the "Fund"), and the Fund's portfolio holdings over the last year are available upon request.

Statements referring to future actions or events, such as the future financial performance or ongoing business strategies of the companies in which Oak Value Capital Management, Inc. (the "Adviser") invests on behalf of the Fund, are based on current expectations and projections about future events provided by various sources, including company management. These statements are not guarantees of future performance, and actual events may differ materially from those discussed herein. Any references to securities purchased or held are only as of the date of this article. Although the Fund focuses on long-term investments, holdings are subject to change. Nothing in this material should be construed as an offer or solicitation to purchase shares of the Fund, which are offered only by prospectus. 

The Adviser does not subscribe to any particular viewpoint about causes and effects of events in the broad capital markets, other than that they are not predictable in advance. Specifically, nothing contained in this article should be construed as a forecast of overall market movements, either in the short or long term. 

Comparisons to benchmarks have limitations because benchmarks have volatility and other material characteristics that may differ from open-end mutual funds. Because of these differences, benchmarks should not be relied upon as an exact measure of comparison. Indices are unmanaged and do not reflect the payment of advisory fees and other expenses associated with open-end mutual funds. Investors cannot directly invest in an index, though index funds designed to replicate the performance of various indices are generally available. The S&P 500 index is weighted by market value, and its performance is thought to be representative of the stock market as a whole. The S&P 500 index was created in 1957, although it has been extrapolated backwards to several decades earlier for performance comparison purposes. This index provides a broad snapshot of the overall U.S. equity market; in fact, over 70% of all U.S. equity is tracked by the S&P 500. The index selects its companies based upon their market size, liquidity, and sector. Most of the companies in the index are mid cap or large cap corporations. The S&P 500 Index referenced includes the reinvestment of dividends. The Oak Value Fund is distributed by Ultimus Fund Distributors, LLC.