Performance

Toreador Large Cap Fund Retail
As Of January 31, 2012 (End of Prior Month)   As Of December 31, 2011 (End of Prior Quarter)
Gross
Annualized
Gross
Cumulative
  Gross
Annualized
Gross
Cumulative
One Month --- 7.54%   --- -1.69%
Three Month --- 3.52%        --- 8.78%
Six Month --- 0.91%   --- -8.81%
 
One Year -0.81% -0.81%   -4.87% -4.87%
Three Year 17.87% 63.78%   11.88% 40.04%
Five Year -1.07% -5.22%   -1.89% -9.08%
Ten Year N/A N/A   N/A N/A
Since Inception
6/2/06
0.87% 5.03%   -0.42% -2.34%

Total Gross Expense Ratio of the Fund as disclosed on the prospectus dated 8/29/11 is 1.87%. The net expense ratio of the Fund is 1.21%. The advisor has agreed to cap certain expenses at 0.95% plus fees and expenses of acquired funds at .01%.

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 (800) 343-5902.
Past performance is no guarantee of future results. Your Fund shares, when redeemed, may be worth more or less than their original cost. The Fund's investment objective, risks, charges and expenses must be considered carefully before investing; The prospectus contains this and other information about the investment company and may be obtained by calling (800) 343-5902. The prospectus should be read carefully before investing. There is no guarantee the Fund will achieve its stated investment objective. The Toreador Funds are distributed by Unified Financial Securities, Inc. 2960 N. Meridian St., Suite 300, Indianapolis, Indiana 46208-4715. (Member FINRA)