Mid Cap Value Returns

	Time Period Cardinal Gross of Fees Cardinal Net of Fees Russell MidCap Value Index Relative Gross Performance Year-to-Date 9.1 9.0 6.7 2.4 1-Year 3.3 3.0 -2.4 5.7 3-Year 4.2 3.8 2.0 2.2 5-Year 0.9 0.5 -0.8 1.7 Inception-to-Date* 2.3 1.9 1.1 1.2
	*Inception Date: January 1, 2006

Mid Cap Performance Disclosure

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Performance shown reflects returns for the firm’s Mid Cap Value Composite, which includes each of the firm’s accounts that has at least $1 million and has been managed using the Strategy by Cardinal for at least one month. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. No assurances can be made that profits will be achieved or that substantial losses will not be incurred. Net performance reflects the deduction of advisory fees and trading expenses but does not reflect custodial fees, all of which reduce a client’s total investment return. Performance reflects reinvestment of interest and dividend income.