Distribution History

Distribution History

Frank Value Fund – Investor Class (FRNKX)

Ex Date	Distribution Type	$ Amount Per Share	Reinvestment Price
12/20/05	Long Term Capital Gain	0.0625	11.05
12/20/05	Short Term Capital Gain	0.2224	11.05
12/27/06	Long Term Capital Gain	0.4349	12.41
12/27/06	Short Term Capital Gain	0.1453	12.41
12/27/07	Long Term Capital Gain	0.7897	11.81
12/27/07	Short Term Capital Gain	0.6183	11.81
12/29/08	Long Term Capital Gain	0.4716	5.97
12/29/08	Short Term Capital Gain	0.3576	5.97
12/28/11	Long Term Capital Gain	0.0717	11.01
12/28/11	Short Term Capital Gain	0.4400	11.01
12/27/12	Long Term Capital Gain	0.9338	11.03
12/27/12	Income	0.0067	11.03

Frank Value Fund – Class C (FNKCX)

Ex Date	Distribution Type	$ Amount Per Share	Reinvestment Price
12/29/10	Dividend	0.0042	10.35
12/28/11	Long Term Capital Gain	0.0717	10.92
12/28/11	Short Term Capital Gain	0.0440	10.92
12/27/12	Long Term Capital Gain	0.9338	10.85

Frank Value Fund – Institutional Class (FNKIX)

Ex Date	Distribution Type	$ Amount Per Share	Reinvestment Price
12/29/10	Dividend	0.0274	10.35
12/28/11	Long Term Capital Gain	0.0717	10.98
12/28/11	Short Term Capital Gain	0.0440	10.98
12/28/11	Dividend	0.0199	10.98
12/27/12	Income	0.0332	11.01
12/27/12	Long Term Capital Gain	0.9338	11.01