Huntington Asset Services Extends Relationship with API Funds & Portfolios
API Funds crosses $500 million assets under management mark
COLUMBUS, Ohio -- November 14, 2012
Huntington Asset Services, Inc., a wholly owned subsidiary of Huntington
Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), has extended its
relationship with the API Funds through May 2014. API has been a Huntington
Asset Services client since 2004.
Driven by the success of its flagship fund, API Efficient Frontier Income
Fund, API Funds recently surpassed $500 million assets under management.
“Huntington Asset Services is honored to celebrate this milestone with API
Funds,” said Joe Rezabek, president of Huntington Asset Services. “The tenure
and success of our collaborative relationship with API has been underscored by
the significant growth their fund has enjoyed, and we are excited to continue
our exceptional service to them.”
“The nearly ten-year relationship between Huntington Asset Services and API
has created a synergy that has underscored our success,” said Dave Basten,
Jr., managing director of API Funds. “Huntington’s comprehensive transfer
agency and distribution service offerings have played a significant part in
API crossing the $500 million assets under management milestone. We are proud
of the accomplishment and pleased that Huntington has helped us reach this
The Fund's past performance does not guarantee future results. The investment
return and principal value of an investment in the Fund will fluctuate so that
an investor's shares, when redeemed, may be worth more or less than their
original cost. Current performance of the Fund may be lower or higher than the
performance quoted. Performance data current to the most recent month end may
be obtained by calling1-800-544-6060.
You should carefully consider the investment objectives, potential risks,
management fees, and charges and expenses of the Fund before investing. The
Fund's prospectus contains this and other information about the Fund, and
should be read carefully before investing. You may obtain a current copy of
the Fund's prospectus by calling 1-800-544-6060 or downloading it by visiting
www.apifunds.com. Past performance is no guarantee of future results. The
investment return and principal value of an investment in the Fund will
fluctuate so that an investor’s shares, when redeemed, may be worth more or
less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street,
Suite 300, Indianapolis, IN 46208. (Member FINRA)
Not FDIC Insured No Bank Guarantee May Lose Value
Not a Deposit Not Insured By Any Federal Government Agency
About API Funds
API Funds’ investment methodology is based on a rigorous discipline. It
provides investment intermediaries with a way to outsource a professional
process that applies fiduciary standards and prudent management of globally
diversified portfolios. Each of the six funds offers a way to invest in a
different asset class and style, allowing for broad diversification, and each
fund is itself broadly diversified to capture characteristics of each
different asset class and style. API Efficient Frontier Income Fund Class A
(APIUX), API Efficient Frontier Income Fund Class L (AFFIX), API Efficient
Frontier Income Fund Class I (APIIX). SEC 30 day yield as of September 30,
2012: APIUX, 6.99%; AFFIX, 6.91%; APIIX, 7.93%. Average Annual Total Returns
as of September 30, 2012 for 1-year, 5-year and 10-year: APIUX, 23.48%,
10.85%, 5.66%; AFFIX, 16.53%, 10.19%, n/a; APIIX, 17.34%, n/a, n/a. As of May
30, 2012, the operating expense ratios are as follow: API Efficient Frontier
Income Fund Class A (APIUX), 1.81%; API Efficient Frontier Income Fund Class L
(AFFIX), 2.31%; API Efficient Frontier Income Fund Class I (APIIX), 1.31%.
About Huntington Asset Services, Inc.
Huntington Asset Services, Inc. has been providing mutual fund service
solutions for more than 40 years. Huntington’s fully integrated services
include fund administration, accounting, transfer agency, compliance,
distribution and custody for clients with combined assets of more than $45
billion. Huntington’s comprehensive solutions support both standalone and
series trust structures. Based in Indianapolis, Huntington Asset Services,
Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of
Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), a $56
billion regional bank holding company headquartered in Columbus, Ohio. More
information is available at www.HuntingtonAssetServices.com.
The logo mark and Huntington^® are federally registered service marks of
Huntington Bancshares Incorporated.
Huntington Bancshares Incorporated
Cynthia Kincaid, 614-480-5415
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