ASARX: Profile for AMF ULTRA SHORT MORTGAGE FUND

Adamson is the president and Chief Investment Strategist (Fixed Income) of the Adviser. He joined the fixed income team in 2008 when he became President of the Adviser. Adamson was President, Shay Financial Services, Inc. from 2007 to 2008, Executive Vice President of Shay Financial Services, Inc. from 2005 to 2007 and Vice President of Shay Financial Services, Inc. from 2000 to 2005. He previously served as a portfolio manager of the AMF Funds from 1987 to 1994.

INVESTMENT INFORMATION

Min Initial Investment:	$10,000
Min Initial Investment, IRA:	NaN
Min Initial Investment, AIP:	NaN
Min Subsequent Investment:	$0
Min Subsequent Investment, IRA:	N/A
Min Subsequent Investment, AIP:	N/A

ASARX can be purchased from 14 brokerages.

FUND SUMMARY

The investment seeks to achieve as high a level of current income as is consistent with the preservation of capital. The fund invests primarily in mortgage-related investments. Under normal market and interest rate conditions, it seeks to maintain a duration less than or similar to that of a 1-Year U.S. Treasury note, but not to exceed that of a 2-Year U.S. Treasury Note. The fund does not purchase any investments having a risk-based weighting in excess of 20% under the current risk-based capital regulations established by the OTS.

FUND OPERATIONS

Last Dividend (30-Sep-09):	0.02
Last Cap Gain	YFT_NOT_APPLICABLE_ABBREVIATION
Annual Holdings Turnover	YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category:	68.56%

FEES & EXPENSES

Expense	ASARX	Category Avg
Total Expense Ratio:	0.50%	0.76%
Max 12b1 Fee:	0.25%	N/A
Max Front End Sales Load:	%	1.99%
Max Deferred Sales Load:	%	2.03%
3 Yr Expense Projection*:	$ 255	$339
5 Yr Expense Projection*:	$ 444	$558
10 Yr Expense Projection*:	$ 990	$1,170

* Per $10,000 invested

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