Morningstar

Al Frank Fund Class Advisor VALAX

Medalist Rating as of Aug 31, 2026 See Al Frank Investment Hub

Strategy

The investment seeks long-term capital appreciation. Under normal market conditions, the Adviser selects equity securities that the adviser believes are out of favor and undervalued. The Adviser then attempts to purchase the securities and hold them until the adviser believes that the securities have reached their fair value. To earn additional income, the fund, through its agent, may lend its portfolio securities to broker-dealers amounting to no more than 33-1/3% of the total assets of the fund (including any collateral posted) or 50% of the total assets of the fund (excluding any collateral posted).

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
VALAX	Al Frank Fund Class Advisor	No Load	Open			May 1, 2006	$75.92M	1.250%	High	$1,000	−$10.90M

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