Definitions

wdt_ID	Term	Definition
1	Accredited Investor	Defined by the rules promulgated under the Securities Act of 1933. Individuals may qualify as accredited investors based on wealth and income thresholds, as well as other measures of financial sophistication. https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor#
2	NAV	"Net asset value," or "NAV," of an investment company is the company's total assets minus its total liabilities.
4	Non-Listed Closed-End Fund	A non-listed closed-end fund is a 1940 Act fund that is not listed on an exchange, and can own less liquid, and potentially higher yielding, assets than ordinary mutual funds can own.
5	Qualified Purchaser	Defined by the rules promulgated under the Securities Act of 1933. Qualified purchasers have more stringent qualifications than accredited investors.
6	S&P 500 Index	The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. Indexes are not managed and do not incur fees or expenses. It is not possible to invest directly in an index.
7	Sharpe Ratio	A measure of risk-adjusted return. The Sharpe Ratio measures the performance of an investment compared to a risk-free asset, after adjusting for its risk.
8	Standard Deviation	A statistical calculation that investors use as a measure of price variability. Standard deviation measures the dispersion of a dataset relative to its mean.

Additional Key Considerations

Email: info@aogfunds.com

Phone: (703) 757-8020

Copyright 2024 AOG Wealth Management

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IMPORTANT INFORMATION

Investment in the Fund may be made only by prospective investors that are “accredited investors” within the meaning of Regulation D promulgated under the Securities Act.

An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information can be found in the Fund’s prospectus. To obtain a prospectus, please 703-757-8020 or visit aogfunds.com. Please read the prospectus carefully before investing.

Investment in the AOG Institutional Fund (“AOGFX Fund”) is speculative and involves substantial risks, including the risk of loss of a Shareholder’s entire investment. Investors may not have immediate access to invested capital for an indefinite period of time and must have the financial ability, sophistication/experience, and willingness to bear the risks of an illiquid investment. No public market for Shares exists, and none is expected to develop in the future. An investor’s participation in the Fund is a long-term commitment, with no certainty of return. No guarantee or representation is made that a Fund will achieve its investment objective, and investment results may vary substantially from year to year. Additional risks of investing in the Fund are set forth below.

Past performance does not guarantee future results. Diversification does not assure a profit nor protect against loss in a declining market.

The AOG Institutional Fund is distributed by UMB Distribution Services, LLC (“UMBDS”). UMBDS is not affiliated with AOG Wealth Management.

On May 17, 2023, the Board of Trustees of the Auction Fund approved the change of the Fund’s name from the “AOG Institutional Diversified Fund” to the “AOG Institutional Fund”.

The Fund previously operated in a master-feeder structure and invested all or substantially all of its assets in shares of the AOG Institutional Diversified Master Fund (“the Master Fund”). The Master Fund is a diversified, closed-end management investment company, and was organized as a Delaware statutory trust on November 4, 2021. As a result of the adoption of the Repurchase Policy, and in connection with the Fund’s operation as an interval fund, the Fund no longer operates as a feeder fund within a master-feeder structure. The Master Fund will be deregistered under the Investment Company Act, but will continue to exist as a wholly owned subsidiary of the Fund. Some of the Fund’s current assets are held through the Master Fund.