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Address And Details

525 Market St. , San Francisco, CA 94105
Fund Manager Michael Smith
Manager Tenure 11 Years 7 Months

Strategy And Objective

The Fund seeks long-term capital appreciation. Under normal circumstances, the Fund invests at least 80% of its total assets in equity securities; and may invest up to 25% of the its total assets in equity securities of foreign issuers, including ADRs and similar investments.We may invest in the equity securities of companies of any market capitalization. We seek to identify companies that have the prospect for improving sales and earnings growth rates, that enjoy a competitive advantage (for example, dominant market share) and that we believe have effective management with a history of making investments that are in the best interests of shareholders (for example, companies with a history of earnings and sales growth that are in excess of total asset growth). We pay particular attention to balance sheet metrics such as changes in working capital, property, plant and equipment growth, inventory levels, accounts receivable, and acquisitions. We also look at how management teams allocate capital in order to drive future cash flow. Price objectives are determined based on industry specific valuation methodologies, including relative price-to-earnings multiples, price-to-book value, operating profit margin trends, enterprise value to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and free cash flow yield.

Net Asset Value

as of 5:23 PM ET 12/07/2021

Performance

  • 1 Week
  • +1.73%
  • 1 Month
  • -4.87%
  • 3 Months
  • -2.93%
  • 1 Yr Return
  • +11.20%
  • 5 Yr Return
  • +92.06%

Equity Sector Breakdown

Technology 50.29%
RetailTrade 11.35%
Health 9.18%
NonDurables 9.05%
Services 8.03%
Finance 6.15%
IndustrialCyclical 4.86%
ConsumerDurables n/a
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 99.46%
ForeignStocks 4.10%
Cash 0.54%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 5.39 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 6.14 5.10 -0.70
Beta 1.02 1.04 1.09
R Squared 0.88 0.86 0.82
Std Deviation 20.11 17.32 15.77
Sharpe Ratio 1.51 1.50 n/a

Purchase Information

as of 5:16 PM ET 12/06/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +18.27%
  • +27.67%
+18.27% +27.67%
3 Year
  • +25.58%
  • +21.60%
+25.58% +21.60%
10 Year
  • +17.14%
  • +18.45%
+17.14% +18.45%
Life Of Fund
  • +11.92%
  • +11.92%
+11.92% +11.92%

Top 10 Holdings

Symbol Company Name % Of Assets
MSFT MICROSOFT CORP 9.86%
AMZN AMAZON COM INC 7.57%
GOOGL ALPHABET INC CLASS A 5.40%
V VISA INC 3.51%
PYPL PAYPAL HOLDINGS INC 3.03%
ALGN ALIGN TECHNOLOGY INC 2.38%
NOW SERVICENOW INC 2.27%
CMG CHIPOTLE MEXICAN GRILL INC 2.27%
HD HOME DEPOT INC 2.27%
UNH UNITEDHEALTH GROUP INC 2.09%

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