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Address And Details

1875 Lawrence Street, Suite 300 , Denver, CO 80202
Fund Manager Andrew Manton
Manager Tenure 5 Years 5 Months

Strategy And Objective

The Fund seeks to achieve long-term capital appreciation.The Fund primarily invests, under normal market conditions,at least 80% of the Fund’s net assets (plus borrowings for investment purposes)in a combination of equity securities of foreign (i.e., non-U.S.) companies with a suitable potential for earnings growth.The Fund invests its assets in equity securities of non-U.S.companies located in countries with developed markets,but may also invest in companies domiciled in emerging markets.Under normal market conditions,the Fund seeks to achieve its investment objective by investing in a universe of stocks listed within theMSCI ACWI ex USA index, as well as those in other developed,emerging, and frontier markets with a market capitalization of $2.5 billion or higher.The Advisor anticipates that the percentage of the Fund’s investable universe not included in the MSCI ACWI ex USA index willbe approximately 20%.The Fund ordinarily invests in no fewer than three different countries outside the U.S.The Fund may invest a lesser amount of its assets in securities of non-U.S.companies when market conditions are not deemed favorable,in which case the Fund would invest at least 30% of its net assets,plus any borrowings for investment purposes,in securities of non-U.S. companies.The Fund wil lnormally invest in the securities of approximately 30 to 50 issuers.The Fund’s investments in equity securities may include common and preferred stock,convertible preferred stock, warrants and rights.Additionally,in unusual or extreme market conditions,the manager may choose to hedge general market exposures.This may be doneprimarily with the use of certain ETF’s that create either long or short exposure to the desired market segment.The Advisor implements its investment strategy by first using a proprietary global “life-cycle” screen to narrow the Fund’s investable universe.The Advisor then uses afundamental, “bottom-up” research selection and disciplined portfolio construction process which is focused on identifying stocks that the Advisor believes have the ability to generate sustainable returns,regardless of sector or country.The Advisor’s “life-cycle” screen classifies companies according to one of the following five categories:Innovation: Companies characterized as having a high level of capital investment but returns on that investment that are below their cost of capital. •Expansion: Companies characterized by aggressive investment to compound their high and rising returns,achieving a peak in both growth and cash flow returns. •Deceleration: Companies characterized as having very high returns,combined with good,but slowing growth prospects. •Maturity: Companies characterized as earning a small positive spread above the cost of capital. •Distress: Companies characterized as having returns driven down below the cost of capital.The Advisor’s investment team actively invests across all five categories of the “life-cycle,” building a diversified portfolio of high-growth,high-return, income-oriented and distressed investments.In managing the portfolio,the investment team seeks to balance the portfolio’s risk and return by maximizing stock specific risk (risk from security selection) while at the same time minimizing systematic factor risks (which includes,but is not limited to,sector selection,country selection,currency management).The Fund may engage in frequent and active trading of securities as a part of its principal investment strategy.The Advisor will sell orreallocate a Fund’s securities if the Advisor believes the issuer of such securities no longer meets certain growth criteria,if certain politicaland economic events occur,or if it believes that more attractive opportunities are available.

Net Asset Value

as of 5:32 PM ET 12/07/2021

Performance

  • 1 Week
  • +2.23%
  • 1 Month
  • -2.84%
  • 3 Months
  • -1.85%
  • 1 Yr Return
  • +7.34%
  • 5 Yr Return
  • n/a

Equity Sector Breakdown

RetailTrade 16.66%
Finance 15.99%
IndustrialCyclical 8.80%
Services 6.34%
Technology 6.15%
ConsumerDurables 1.88%
Health 1.24%
Energy n/a
NonDurables n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 91.99%
ForeignStocks 88.32%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 29.27 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.22 -2.67 n/a
Beta 0.79 0.81 n/a
R Squared 0.85 0.75 n/a
Std Deviation 15.85 14.39 n/a
Sharpe Ratio 0.86 0.84 n/a

Purchase Information

as of 5:59 PM ET 12/06/2021
Minimum Initial $1000
Minimum Additional $1000
Minimum Initial IRA $1000

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
  • +6.29%
  • +18.91%
+6.29% +18.91%
3 Year
  • +11.78%
  • +8.69%
+11.78% +8.69%
10 Year
  • +4.90%
  • +6.39%
+4.90% +6.39%
Life Of Fund
  • +5.45%
  • +5.61%
+5.45% +5.61%

Top 10 Holdings

Symbol Company Name % Of Assets
EFN ELEMENT FLEET MANAGEMENT COR 5.05%
CRH.I CRH PLC 4.86%
ASML ASML HOLDING NV 4.20%
DBSDY DBS GROUP HOLDINGS LTD 3.97%
TSM TAIWAN SEMICONDUCTOR MANUFACT 3.51%
NSRGY NESTLE SA 3.48%
KMBMF KIMBERLY CLARK DE MEXICO S A 3.38%
1299.HK AIA GROUP LTD 3.33%
KBC.BR KBC GROUPE 3.32%
CSU CONSTELLATION SOFTWARE INC 3.18%

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