Address And Details

150 Social Hall Ave, 4th Fl , Salt Lake City, UT 84111
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund s primary investment objective is long-term growth of capital. Income is a secondary objective, but only when consistent with long-term growth of capital. Currently, we do not expect the Fund s investments to generate substantial income. The Fund invests primarily in small growth companies. Under normal market conditions, we will invest at least 80% of the Fund s net assets (plus borrowings for investment purposes) in the equity securities of small-capitalization companies. The Fund considers a company to be a small-capitalization company if its market capitalization, at the time of purchase, is less than the larger of $3 billion or the market capitalization of the largest company in the Russell 2000 Index as of its most recent reconstitution date. The Russell 2000 Index reconstitution date is typically each year on or around July 1. As of the 2019 reconstitution date, the market capitalization of the largest company in the Russell 2000 Index was $6.17 billion. The market capitalization of the largest company in the Russell 2000 Index is subject to change at its next reconstitution date. The Fund may invest up to 20% of its total assets at the time of purchase in securities issued by foreign companies in developed markets, emerging markets, or frontier markets. Securities issued by companies incorporated outside the United States whose securities are principally traded in the United States are not defined as foreign companies and are not subject to this limitation. Within the Fund s portfolio, we seek to create a blend of core companies that we believe have the potential to grow steadily over long periods of time at faster rates than average large companies, and high growth companies that we believe have the potential to grow faster and more aggressively than core companies. The Fund s secondary objective of income is achieved when fast growing portfolio companies pay dividends, generated by cash flow, typically after achieving growth targets. We use a bottom-up process of fundamental analysis to look for individual companies that we believe have superior growth prospects. Our analysis may include studying a company s financial statements, building proprietary financial models, visiting company facilities, and meeting with executive management, suppliers and customers. The Fund may invest a large percentage of its assets in a particular region or market, including Europe and the United Kingdom. The Fund may invest a large percentage of its assets in a few sectors, including information technology, health care, industrials, consumer discretionary, and financials. The Fund may invest in initial public offerings (IPOs).

Net Asset Value

as of 5:51 PM ET 09/16/2021

Performance

  • 1 Week
  • +0.42%
  • 1 Month
  • +5.14%
  • 3 Months
  • +5.65%
  • 1 Yr Return
  • +40.32%
  • 5 Yr Return
  • +51.67%

Equity Sector Breakdown

Technology 16.46%
Health 15.18%
RetailTrade 12.38%
Services 11.98%
IndustrialCyclical 11.73%
Finance 9.94%
NonDurables 7.62%
ConsumerDurables 2.62%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 97.40%
Preferred 0.31%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.81 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.92 4.17 -0.05
Beta 1.26 1.21 1.14
R Squared 0.79 0.73 0.71
Std Deviation 26.34 21.24 18.14
Sharpe Ratio 1.06 1.28 n/a

Purchase Information

as of 5:51 PM ET 09/15/2021
Minimum Initial $2000
Minimum Additional $100
Minimum Initial IRA $2000

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
  • +43.94%
  • +59.19%
+43.94% +59.19%
3 Year
  • +24.90%
  • +29.05%
+24.90% +29.05%
10 Year
  • +17.95%
  • +16.47%
+17.95% +16.47%
Life Of Fund
  • +13.56%
  • +13.55%
+13.56% +13.55%

Top 10 Holdings

Symbol Company Name % Of Assets
KRNT KORNIT DIGITAL LTD 4.19%
FRPT FRESHPET INC 3.09%
FIVN FIVE9 INC 3.06%
MEDP MEDPACE HOLDINGS INC 3.02%
ENSG ENSIGN GROUP 2.89%
BOOT BOOT BARN HOLDINGS INC 2.79%
NEOG NEOGEN CORP 2.71%
LGIH LGI HOMES INC 2.62%
RPD RAPID7 INC 2.62%
FND FLOOR & DECOR HOLDINGS INC 2.61%

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