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.
|Top 10 Holdings as of 9/30/22|
|Federated Hermes, Class B||2.9%|
|Brown & Brown||2.7%|
|Arthur J. Gallagher & Co||2.3%|
|Bank of N.T. Butterfield & Son||2.2%|
|Pioneer Natural Resources||2.1%|
Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.