Investment objective & strategy
As of Jan. 28, 2025 · prospectusObjective. The Funds investment objective is long-term growth of capital.
Strategy. Under normal market conditions, the Fund invests primarily in equity securities (primarily common stock) of domestic and foreign micro, small, and midsize growth companies with market capitalizations of less than US $5 billion at the time of purchase. At times, one type of security may make up a substantial portion of the Fund, while other types may have minimal or no representation. The Fund may invest a large percentage of its assets in a few sectors. Under normal market conditions, the Fund will typically be invested in at least three developed countries, including the U.S. The Fund may invest its assets in securities issued by foreign companies in developed countries without limit. To a lesser extent, the Fund may invest … Under normal market conditions, the Fund invests primarily in equity securities (primarily common stock) of domestic and foreign micro, small, and midsize growth companies with market capitalizations of less than US $5 billion at the time of purchase. At times, one type of security may make up a substantial portion of the Fund, while other types may have minimal or no representation. The Fund may invest a large percentage of its assets in a few sectors. Under normal market conditions, the Fund will typically be invested in at least three developed countries, including the U.S. The Fund may invest its assets in securities issued by foreign companies in developed countries without limit. To a lesser extent, the Fund may invest in foreign companies in emerging and 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. Under normal market conditions, the Fund will invest at least 40% of its assets (30% if conditions are not favorable) in equity securities of companies tied economically to countries other than the United States. The Fund regards a company as being tied economically to a country other than the U.S. if, at the time of purchase, the company has at least 50% of its assets outside the U.S., or if at least 50% of its revenues or profits are from goods produced or sold, investments made, or services performed outside the U.S. The Fund may invest in investment companies, including exchange-traded funds (ETFs). The Adviser will use a process of bottom-up fundamental analysis to seek to identify and invest in companies with the greatest potential for growth. The Advisers analysis may include studying a companys financial statements, building proprietary financial models, visiting company facilities, and meeting with executive management, suppliers and customers.
Top holdings
As of March 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| State Street Instl US Govt MMkt Inv | SAMXX | $1.49M | 12.69% |
| THEON INTERNATIO | — | $1.21M | 10.38% |
| CD PROJEKT SA | — | $787.50K | 6.73% |
| KURABO INDS | — | $747.04K | 6.38% |
| Kornit Digital Ltd. (Israel) | KRNT | $694.51K | 5.93% |
| PLUS500 LTD | — | $684.10K | 5.84% |
| CAMECO CORP | — | $642.10K | 5.48% |
| MEIDENSHA CORP | — | $630.03K | 5.38% |
| IMPERIAL BRANDS | — | $540.33K | 4.62% |
| ESTABLISHMENT LABS HOLDINGS INC | ESTA | $538.63K | 4.60% |
Portfolio moves
Dec 31, 2024 → Mar 31, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Seven Canyons World Innovators Fund · WIGTX, WAGTX | 12% | 1.61% |
| Optica Rare Earths & Critical Materials ETF · CRIT | 7% | 0.85% |
| Grayscale Future of Finance ETF | 4% | 0.70% |
Footnotes
- Expense ratio as of January 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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