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Address And Details

150 Social Hall Ave, 4th Fl , Salt Lake City, UT 84111
Fund Manager Brian Bythrow
Manager Tenure 18 Years 6 Months

Strategy And Objective

The Funds investment objective is long-term growth of capital.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 micro-capitalization companies. The Fund considers a company to be a micro-capitalization company if its market capitalization, at the time of purchase, is less than the larger of $1.5 billion or the market capitalization of the largest company in the Russell Microcap Index as of its most recent reconstitution date. The Russell Microcap Index reconstitution date is typically each year on or around July 1. As of the 2019reconstitution date, the market capitalization of the largest company in the Russell Microcap Index was $1.31 billion. The market capitalization of the largest company in the Russell Microcap Index is subject to change at its next reconstitution date.The Fund may invest up to 30% 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.While the Fund primarily invests in value companies, it may also invest in growth companies if the Advisor believes that a companys current valuation is at a sufficient discount to its projected long-term earnings growth rate. We use a bottom-up process of fundamental analysis to look for individual companies that we believe are temporarily undervalued but have significant potential for stock price appreciation. Our analysis may include studying a companys financial statements, visiting company facilities, and meeting with executive management, suppliers and customers. We typically look for companies that we believe fall into one of these three categories at the time of purchase: ¢undiscovered gems Companies with good growth potential that have yet to be broadly discovered by Wall Street analysts, thus leaving them attractively undervalued relative to their expected growth rate. Fallen angels High quality growth companies that have experienced a temporary setback and therefore have appealing valuations relative to their long-term growth potential. value Momentum Valuation that is inexpensive relative to a companys history, but a catalyst for future growth has been identified.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, industrials, financials, health care, and consumer discretionary.The Fund may invest in initial public offerings (IPOs).

Net Asset Value

as of 5:58 PM ET 01/18/2022

Performance

  • 1 Week
  • -3.49%
  • 1 Month
  • -3.01%
  • 3 Months
  • -26.15%
  • 1 Yr Return
  • -11.03%
  • 5 Yr Return
  • +32.99%

Equity Sector Breakdown

Technology 18.67%
Finance 15.05%
IndustrialCyclical 13.74%
Services 11.30%
Health 7.00%
RetailTrade 6.83%
NonDurables 6.23%
ConsumerDurables 1.73%
Energy 0.85%
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 94.64%
ForeignStocks 23.11%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 400.36 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.47 1.77 1.56
Beta 1.16 1.11 1.06
R Squared 0.71 0.70 0.67
Std Deviation 24.01 20.49 16.95
Sharpe Ratio 1.46 1.12 n/a

Purchase Information

as of 5:56 PM ET 01/14/2022
Minimum Initial $2000
Minimum Additional $100
Minimum Initial IRA $2000

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +26.78%
  • +26.78%
+26.78% +26.78%
3 Year
  • +32.35%
  • +32.35%
+32.35% +32.35%
10 Year
  • +18.80%
  • +18.80%
+18.80% +18.80%
Life Of Fund
  • +14.40%
  • +14.40%
+14.40% +14.40%

Top 10 Holdings

Symbol Company Name % Of Assets
SHRT TOTAL*SHORT TERM INVESTMENTS 5.01%
A8AG DE JDC GROUP AG 2.78%
SKY SKYLINE CHAMPION CORP 2.06%
FLL FULL HOUSE RESORTS INC 1.60%
NSSC NAPCO SECURITY TECHNOLGIES IN 1.59%
ESQ ESQUIRE FINANCIAL HOLDINGS I 1.56%
PATK PATRICK INDUSTRIES INCORPORAT 1.54%
KLR KALEYRA INC 1.54%
AOUT AMERICAN OUTDOOR BRANDS INC 1.50%
NDLS NOODLES & COMPANY 1.43%

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