EX-99.77J REVALUATN 3 reval.htm REVALUATION reval.htm

 

EX-99.77J REVALUATION

Exhibit 77(j)(b) – Restatement of Capital Accounts

For the year ended July 31, 2011, the O’Shaughnessy Funds made the following permanent tax adjustments on the statements of assets and liabilities:

   
Undistributed
    
Accumulated Net
        
   
Net Investment
    
Realized
        
   
Income/(Loss)
    
Gain/(Loss)
    
Paid-in Capital
  
All Cap Core Fund
   $ —     $ —     $ —  
Enhanced Dividend Fund
     249       (249 )     —  
Small/Mid Cap Growth Fund
     32,559       (7,439 )     (25,120 )

The reclassifications have no effect on net assets or net asset value per share.