Under normal market conditions the Prospector Opportunity Fund invests primarily in a variety of equity and equity-related securities both domestically and in other developed markets. The fund attempts to buy investments priced to generate long-term total returns significantly above those of general stock indices and U.S. treasuries. In pursuit of its value oriented strategy, the fund invests significantly in small-to-mid capitalization companies with market capitalizations at the time of investment in the range between $150 million and $15 billion. The Fund managers seek companies with long, consistent, predictable track records of *free cash flow yield generation and healthy organic growth.
*Free Cash Flow represents the cash a company can generate after required investment to maintain or expand its asset base.
|Total Returns as of 09/30/21*||QTD||YTD||1yr||3 yr||5 yr||10 yr||Since Inception (9/28/07)|
|Prospector Opportunity Fund||-0.53%||14.75%||35.19%||10.66%||12.35%||12.92%||9.73%|
|Russell 2000 Index||-4.36%||12.41%||47.68%||10.54%||13.45%||14.63%||8.85%|
|Russell Midcap Index||-0.93%||15.17%||38.11%||14.22%||14.39%||15.52%||9.76%|
Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. The fund imposes a 2.00% redemption fee on redemption of shares held 60 days or less. Performance data does not reflect the redemption fee. If reflected, total return would be reduced. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 877-734-7862.
* Periods greater than 1 year are annualized.
The Prospector Opportunity Fund gross expense ratio is 1.40% and the net expense ratio is 1.26%. The Investment Advisor has contractually agreed to reimburse certain expenses of the Funds through September 30, 2022.
The Russell 2000 Index is an unmanaged small-cap index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. You cannot invest directly in an index.
The Russell Midcap Index is an unmanaged mid-cap index that measures the performance of the 800 smallest companies in the Russell 1000 Index. You cannot invest directly in an index.