Charter Multi-Cap Growth Composite
Net of Fees Performance

Important Disclosure

Charter Financial Group, Inc.'s ("Charter") Multi-Cap Growth Composite represents actual client accounts invested according to the Charter Multi-Cap Growth investment strategy. Only client accounts with greater than $250,000 invested in the strategy on a discretionary basis are included in the composite. The Multi-Cap Growth Composite invests in domestic and international equity securities and exchange traded funds (ETFs) with a view towards growth and capital appreciation.

The performance results of the Multi-Cap Growth Composite are net-of-fees, brokerage commissions, and other expenses. Charter's investment advisory fees are described in the disclosure statement of Part II of the Form ADV which is available upon request.

The results of the Multi-Cap Growth Composite include the reinvestment of dividends and other earnings. Comparison of the Multi-Cap Growth Composite to S&P 500 is for illustrative purposes only and the volatility of the S&P 500 may be materially different from the volatility of the Multi-Cap Growth Composite due to varying degrees of diversification and/or other factors.

Past performance of the Multi-Cap Growth Composite may not be indicative of future results and the performance of a specific individual client account may vary substantially from the composite results above in part because client accounts may be allocated among several portfolios. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable.