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DAILY NAV
The following are the closing net asset values for the API Efficient Frontier Funds as of 2/19/2010

http://apifunds.com/fm/FileManager/FileManager.cgi?action=editFile¤tFile=/var/www/html/navs%2Ehtml&path=/var/www/html/
 

Class A
 

Class C

 

Class D
 
NAV
Daily % Change
 
NAV
Daily % Change
 
NAV
Daily % Change
                 
Capital Income Fund
31.65
+.09
 
30.56
+.09
 
31.21
+.09
                 
Growth Fund
7.88
0.00
 
7.36
0.00
     
                 
Income Fund
11.35
+.04
 
11.04
+.04
     
                 
Multiple Index Fund
10.78
-.03
 
10.22
-.04
     
                 
Value Fund
11.03
+.07
 
10.44
+.06
     
             

Class L
                
Master Allocation Fund
23.17
+.07
       
23.06
+.07


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.

Please read the API Trust prospectus carefully before investing. The prospectus contains important information about the Trust, and should be read carefully before investing. You may obtain a current copy of the prospectus by calling 800-544-6060.

Past performance of API Trust and the underlying funds offer no guarantee of future results. Your shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value of an investment in the Funds will flucturate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the API funds may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800-544-6060. Of course, there can be no assurance that the funds will achieve their objectives or that their investment strategies will be successful.

Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)