Performance & Distributions
For the period ending June 30, 2017, the Fund's (Investor Class) 1-, 5-, and 10-year average annual returns were 21.29%, 15.25%, and 6.27%, respectively.
Performance data
quoted represents past performance and is no
guarantee of future results. Current
performance may be lower or higher than the
performance quoted. 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 the original
cost. As stated in the current prospectus, the total annual fund operating expense ratio (gross) is 0.91% for the Investor Class and 0.82% for the Institutional Class. The Institutional Class' net expense ratio is 0.75% since the Fund Adviser agreed to reimburse all of the ordinary expenses. This agreement is in effect until at least May 1, 2018. Returns greater than one year are annualized.
Short-term performance, in particular, is not a good indication of the Fund's future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, Fund performance may be subject to substantial short-term changes.
This chart illustrates the perfomance of a hypothetical $10,000 investment made in the Sound Shore Fund (Investor Class) on May 17, 1985 (the Investor Class inception) through June 30, 2017
. Figures include reinvestment of capital gains and dividends. This chart is not Intended to imply future perfomance of the Fund.
The inception date for the Investor Class (SSHFX) is May 17, 1985. The inception date for the Institutional Class
is December 9, 2013. The performance for the Institutional Class prior to its inception on 12/9/13 is based on the performance of the Investor Class, adjusted to reflect the Institutional Class' lower expense ratio (net of expense reimbursements).
MORNINGSTAR OVERALL RATING TM : 
The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year Morningstar Rating metrics.
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* Market volatility can significantly impact short-term performance. Total return figures reflect reinvestment of all dividend and capital gain distributions. Returns over 1 year are annualized. During the period, some of the Fund's fees and expenses were waived; had these fees and expenses not been waived, the Fund's performance would be lower.
Past performance is no guarantee of future results. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Morningstar Rating is for the share class specified only; ratings for other share classes will vary. Sound Shore Fund (Investor Class) was rated against the following numbers of U.S. domiciled Large Value funds over the following time periods: 1,091 funds in the last three years, 936 funds in the last five years, and 681 funds in the last ten years. With respect to these Large Value funds, Sound Shore Fund (Investor Class) received a Morningstar Rating of 3, 5, 3 stars for the three-, five- and ten-year periods, respectively.
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Dividends and Capital Gains for the Fund have been rounded to the nearest one hundredth of a percent. For more information
please consult the Annual Report or contact the Fund at: (800) 551-1980 or by E-mail: click here
