Address And Details

c/o Geomini Fund Services, LLC, 4020 South 14 , Omaha, NE 68137
Fund Manager Ken Squire
Manager Tenure 9 Years 9 Months

Strategy And Objective

The Funds investment objective is capital appreciation. The Funds investment adviser, 13D Management LLC (the Adviser), seeks to achieve the Funds investment objective by investing primarily in common stocks of U.S. companies of any market capitalization that are the target of shareholder activism. The Adviser defines an activist situation as one where an investor holds more than 5% of a companys shares and either (A) has a history of activist investing and/or (B) has a publicly disclosed catalyst for change such as seeking Board seats, improving operations and/or corporate governance practices, approving a merger, spinning-off an operating division or selling a significant amount of company assets (such an investor being referred to herein as an activist). The Adviser derives its activist information primarily from legally-mandated filings known as 13D filings. Rules adopted under the Securities Exchange Act of 1934 require a shareholders that acquires more than 5% of a companys shares to file a form with the Securities and Exchange Commission known as a Schedule 13D that discloses the investor identity and its intent to influence management. The Adviser reviews all material activist situations and makes investment decisions based on its knowledge of the activist investor involved, the industry, the shareholder base, the activists average cost, its strategy and the Advisers determination of the chance of success and potential impact on share price. In pursuing the Funds investment objective, the Adviser also evaluates and considers environmental, social and governance (ESG) factors, with strong emphasis on corporate governance. Generally, a significant majority of portfolio positions will have a shareholder representative on the board of directors who advocates for best in class corporate governance practices and a shareholder focused mentality. While some of these investments will be in companies with good corporate governance practices, unlike other ESG investors, many will be in situations where an activist is attempting to remedy poor corporate governance. This can range from implementing best corporate governance practices to completely changing corporate culture and replacing entrenched, conflicted and self-dealing management teams. The Adviser also expects that these shareholder representatives who sit on the boards of our portfolio companies that the Fund may invest in will be monitoring, encouraging and implementing responsible social and environmental corporate policies. The Adviser believes that many of the companies which it selects for investment by the Fund provide an opportunity to improve the ESG characteristics of those companies.

Net Asset Value

as of 5:01 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.77%
  • 1 Month
  • -1.45%
  • 3 Months
  • -3.22%
  • 1 Yr Return
  • +33.50%
  • 5 Yr Return
  • +72.70%

Equity Sector Breakdown

IndustrialCyclical 20.90%
NonDurables 13.01%
Finance 12.42%
Technology 11.32%
Services 10.67%
ConsumerDurables 10.06%
Health 9.03%
Energy n/a
RetailTrade n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 96.48%
ForeignStocks 4.87%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 231.06 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -6.88 -5.05 n/a
Beta 1.28 1.24 n/a
R Squared 0.87 0.82 n/a
Std Deviation 25.56 20.59 n/a
Sharpe Ratio 0.63 0.81 n/a

Purchase Information

as of 4:57 PM ET 09/16/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +42.59%
  • +56.05%
+42.59% +56.05%
3 Year
  • +13.74%
  • +14.43%
+13.74% +14.43%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +15.14%
  • +15.47%
+15.14% +15.47%

Top 10 Holdings

Symbol Company Name % Of Assets
BOX BOX INC 5.39%
LNG CHENIERE ENERGY INC 4.82%
OLN OLIN CORPORATION 4.53%
HWM HOWMET AEROSPACE INC 4.52%
GCP GCP APPLIED TECHNOLOGIES INC 3.99%
PZZA PAPA JOHNS INTL INC 3.93%
SLM SLM CORP 3.87%
EVH EVOLENT HEALTH INC 3.71%
WBT WELBILT INC 3.64%
HHC HOWARD HUGHES CORP THE 3.63%

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