Morningstar

Applied Finance Explorer Fund Institutional Shares AFDZX

Medalist Rating as of Aug 31, 2026 See Applied Finance Investment Hub

Strategy

The investment seeks long-term capital appreciation. The fund invests primarily in the equity securities of small and middle capitalization companies. In choosing investments, the Adviser typically selects equity securities that the adviser believes offer superior return potential and may consider, among other factors, a company's valuation, projected future earnings, growth potential, recent performance, and business strategy. It may also invest in other investment companies, including ETFs.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AFDVX	Applied Finance Explorer Fund Investor Shares	No Load	Open			Jun 30, 2015	$213.46M	1.080%	Average	$1,000	−$4.19M
AFDZX	Applied Finance Explorer Fund Institutional Shares	Institutional	Open			Jun 11, 2015	$802.07M	0.830%	Below Average	$10,000	−$45.54M

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