The Fund seeks to provide above average capital appreciation over the long term while attempting to minimize the risk of capital loss.
Seek genuine bargains and hold cash when opportunities are scarce.
Invest across market caps, sectors, and geographies employing a benchmark indifferent style.
Focus on best ideas, typically 25-35 holdings.
Fund Facts are as of December 31, 2019. Morningstar Analyst Rating is as of April 3, 2019.
The total expense ratio is 1.35% (as of most recent prospectus). The Adviser has contractually agreed to reimburse the Fund for Total Annual Fund Operating Expenses in excess of 1.29% of the average net assets of the Fund (excluding brokerage fees and commissions, interest, taxes, fees and expenses of other funds in which the Fund invests, and extraordinary expenses, including litigation expenses not incurred in the Fund’s ordinary course of business) through April 30, 2020. This agreement may only be terminated earlier by the Fund’s Board of Directors (the “Board”) or upon termination of the Advisory Agreement.
Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. The Fund’s expense ratio as of its most recent prospectus is 1.29%. Current month-end performance data may be obtained by calling toll-free, 1-800-982-4372.