Shay Assets Management Inc. Timeline

	1981:	After spending several decades on Wall Street, retired president of Merrill Lynch Government Securities, Inc., Rodger D. Shay, Sr., partners with a former co-worker to form what is now Shay Assets Management, Inc., investment adviser to the Asset Management Fund (AMF) family of no-load institutional mutual funds.
	1982:	Richard Blackburn is hired by Shay organization to provide consultative services (investment policy creation, asset/liability modeling) to Shay clients. Shay launches AMF Money Market Fund to address the regulatory liquidity needs of savings and loan institutions. Shay launches the AMF Short U.S. Government Fund to facilitate clients' ability to invest in an actively-managed portfolio of U.S. Government securities.
	1983:	Current President, Edward E. Sammons, is recruited by Shay to supervise the management of the Shay mutual funds.
	1984:	Shay responds to client demand for a longer duration thrift-qualified fund by launching the AMF U.S. Government Mortgage Fund.
	1986:	Shay launches Corporate Bond Fund, predecessor to the AMF Intermediate Mortgage Fund.
	1991:	Richard Blackburn joins Shay Fund management team to launch and manage the AMF Adjustable-Rate Mortgage (ARM) Fund.
	1993:	Current Portfolio Manager, Jon P. Denfeld, CFA, joins Shay organization.
	1995:	Shay purchases the investment advisory capabilities of Nationar. Hires former Nationar portfolio managers, John McCabe and Mark F. Trautman to continue managing Nationar's institutional Large-cap equity mutual fund, which is later renamed the AMF Large Cap Equity Fund.
	1999:	David Petrosinelli, CFA, joins Shay portfolio management team.
	2000:	Shay Assets accepts management of first discretionary separately managed equity account. Shay launches strategic initiative designed to broaden the distribution of the AMF Funds by entering into a series of selling agreements with firms including Ameritrade, Fidelity, Scottrade, TD Waterhouse, et al. (For a complete list of brokerage availability, click here).
	2001:	Following ten years of successful ultrashort duration management in the AMF ARM Fund, Shay launches a second ultrashort duration fund, the AMF Ultra Short Fund, with an expanded universe of securities eligible for inclusion. AMF Money Market Fund is assigned "AAAm" rating--the highest assigned to money market funds--by Standard & Poor's. AMF Adjustable-Rate Mortgage (ARM) Fund and AMF Ultra Short Fund are assigned "AAAf" (highest) credit quality rating and "S1" volatility rating (lowest) by Standard & Poors.
	2003:	Shay is hired to manage the John Hancock Large Cap Select Fund under a subadvisory agreement with John Hancock Advisers.