How old is the Fund?
The Fund began operation on March 11, 1997

How large is the Fund?
The Fund currently has assets of approximately $14.5 million (effective 9/30/09)

What is the investment objective of the Fund?
The investment objective of the fund is growth or capital appreciation..

What does the Fund invest in?
The Fund invests primarily in large and mid-capitalization domestic common stocks. The Fund does not invest in bonds. Companies involved in the alcohol, gambling, tobacco, or health care industries are avoided.

How many companies are owned in the Fund currently?
The Fund currently owns approximately 45 different common stocks.

How old is the Fund's Advisor?
American Trust Investment Advisors, LLC, or ATIA, is the Fund's Advisor. ATIA was formed on August 1st, 2001 as a wholly owned subsidiary of American Trust Company, a business which was founded in 1991. In 2009, American Trust Company’s clients and operations were transferred to ATIA as there was no longer a need to operate both businesses. In addition to the Allegiance Fund, ATIA currently manages approximately $98 million (effective 9/30/09) in separately managed accounts for individual and institutional investors across the country.

Is there a fee to invest?
The Fund is a no-load mutual fund, meaning there is no sales charge assessed to buy or sell the Fund. There are no 12b-1 fee charges. Like all mutual funds including no-load mutual funds, the Fund charges an annual management fee which will not exceed 1.45% of the net assets of the Fund. Like all other mutual funds, this fee is taken on a daily pro rata basis from the net assets of the Fund.

What is the minimum initial investment?
The minimum initial investment is $2,500 for non-IRA accounts and $1,000 for an IRA account. Additional minimum investments are $250 and $100 for IRA accounts. Accounts may be started with a minimum of $1,000 through the automatic investment plan with subsequent investments of $100 per month by debit from the shareholder's bank account.

Will I get a statement on the Fund?
Shareholders will receive a monthly statement detailing all transactions for that period. Shareholders will also receive a confirmation on all account transactions.

May I find the Fund listed in the newspaper?
No, not yet. The Fund has not generally satisfied the minimum asset size requirements of various newspapers. We hope to be listed in the newspaper as soon as possible. In the interim, please feel free to call our shareholder services for the net asset value (NAV) or check this web site for the daily NAV update.

How do I get started?
Download and print the prospectus and application or call 1-800-385-7003 for a prospectus and application on the Fund. Please read the prospectus carefully before investing. Fill out the application and mail it along with your check to: American Trust Allegiance Fund, c/o U.S. Bancorp Fund Services LLC, PO Box 701, Milwaukee, WI 53201-0701. If you want to overnight the application and check, send to: American Trust Allegiance Fund, c/o U.S. Bancorp Fund Services LLC, 615 E. Michigan St, 3rd Floor, Milwaukee, WI 53202-5207.