The inception date of the AMF Ultra Short Fund is 11/13/01. The inception date of the AMF Ultra Short Mortgage Fund is 09/18/91. The inception date of the AMF Short U.S. Government Fund is 11/27/82. The inception date of the AMF Intermediate Mortgage Fund is 11/7/86. The inception date of the AMF U.S. Government Mortgage Fund is 01/23/84. The inception date of the AMF Large Cap Equity Fund is 6/30/53. As of 03/31/2013, SEC Standardized Returns for the AMF Ultra Short Fund for 1 year, 5 years, 10 years and since inception were 0.58%, -8.31%, -2.86%, and -2.22%, respectively. As of 03/31/2013, SEC Standardized Returns for the AMF Ultra Short Mortgage Fund for 1 year, 5 years, 10 years and since inception were 0.82%, -2.25%, 0.28%, and 2.93%, respectively. As of 03/31/2013, SEC Standardized Returns for the AMF Short U.S. Government Fund for 1 year, 5 years, 10 years and since inception were 1.45%, 0.20%, 1.77%, and 5.62%, respectively. As of 03/31/2013, SEC Standardized Returns for the AMF Intermediate Mortgage Fund for 1 year, 5 years, 10 years and since inception were 1.57%, -7.99%, -3.39%, and 2.93%, respectively. As of 03/31/2013, SEC Standardized Returns for the AMF U.S. Government Mortgage Fund for 1 year, 5 years, 10 years and since inception were 1.76%, 0.45%, 2.01%, and 6.29%, respectively. As of 03/31/2013, SEC Standardized Returns for the AMF Large Cap Equity Fund for 1 year, 5 years, 10 years and since inception were 14.44%, 6.54%, 6.75%, and 10.45%, respectively.

For the fiscal year ended October 31, 2012, the following fees were voluntarily waived for the Ultra Short Mortgage Fund: 0.20% by the Advisor and 0.10% by the Distributor. In addition, insurance payments of 0.02% were received for the Ultra Short Mortgage Fund. These voluntary waivers and insurance payments lowered the "Total Fund Operating Expenses" to 0.73% for the Ultra Short Mortgage Fund. The Advisor and Distributor expect to continue these waivers throughout the year but are not obligated to do so. If these fee waivers and insurance payments were not effected, the performance would have been lower. For the fiscal year ended October 31, 2012, the following fees were voluntarily waived for the Ultra Short Fund: 0.20% by the Advisor and 0.10% by the Distributor. In addition, insurance payments of 0.02% were received for the Ultra Short Fund. These voluntary waivers and insurance payments lowered the "Total Fund Operating Expenses" to 0.89% for the Ultra Short Fund. The Advisor and Distributor expect to continue these waivers throughout the year but are not obligated to do so. If these fee waivers and insurance payments were not effected, the performance would have been lower. For the fiscal year ended October 31, 2012, contractual Advisor expense reductions were applied due to maximum expense restraints (caps) in the amount of 0.03% for the Short U.S. Government Fund. These contractual Advisor expense reductions lowered the "Total Fund Operating Expenses" to 0.75% for the Short U.S. Government Fund. If these contractual Advisor expense reductions were not effected, the performance would have been lower. For the fiscal year ended October 31, 2012, the Advisor were voluntarily waived their 0.10% fee for the Intermediate Mortgage Fund. In addition, contractual Advisor expense reductions were applied due to maximum expense restraints (caps) in the amount 0.04% for the Intermediate Mortgage Fund. These voluntary waivers and contractual Advisor expense reductions lowered the "Total Fund Operating Expenses" to 0.75% for the Intermediate Mortgage Fund. The Advisor expects to continue its fee waiver throughout the year but is not obligated to do so. If this fee waiver and contractual Advisor expense reductions were not effected, the performance would have been lower. For the fiscal year ended October 31, 2012, contractual Advisor expense reductions were applied due to maximum expense restraints (caps) in the amount of 0.03% for U.S. Government Mortgage Fund. These contractual Advisor expense reductions lowered the "Total Fund Operating Expenses" to be 0.75% for the U.S. Government Mortgage Fund. If these contractual Advisor expense reductions were not effected, the performance would have been lower. For the fiscal year ended October 31, 2012, the Distributor voluntarily waived its fee of 0.10% for the Large Cap Equity Fund (AMF Share Class). This voluntary waiver lowered the "Total Fund Operating Expenses" to 1.20% for the Large Cap Equity Fund (AMF Share Class). The Distributor expects to continue its fee waiver throughout the year but is not obligated to do so. If this fee waiver was not effected, the performance would have been lower. If these fee waivers were rescinded, performance would be reduced.

Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Mutual Funds that invest in securities issued by the U.S. Government or its Agencies are not insured by the U.S. Government, the FDIC or any other government agency.

The fund is generally subject to credit, extension, hedging, government agency, interest rate, issuer, liquidity, management, market and prepayment risks. Read the prospectus carefully before you invest or forward funds. The Fund may not be available to investors in all states, and this does not constitute an offer in those states. Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other investment information about the Fund. To receive a prospectus, please contact the Fund's Distributor, Shay Financial Services, Inc., member FINRA and SIPC, at (800) 247-9780.