Investment objective & strategy
As of March 4, 2026 · prospectusStrategy. The EF model seeks to identify companies that may experience unique cost efficiencies or an expansion of demand through disruptive innovation or adjustments in their respective industries. The Advisor seeks to exploit these demand expansions/cost utilizations by applying its investment methodology across multiple industry sectors though typically focusing on the Information Technology, HealthCare, Communication Services and Consumer Discretionary sectors. The Advisor generally will sell a portfolio security when it believes the security will no longer increase in value at the same rate as it has in the past, changing fundamentals signal a deteriorating value potential, or other securities with entrepreneurial characteristics have better price performance potential. The Fund may invest in derivative instruments (such as futures, options and swaps or … The EF model seeks to identify companies that may experience unique cost efficiencies or an expansion of demand through disruptive innovation or adjustments in their respective industries. The Advisor seeks to exploit these demand expansions/cost utilizations by applying its investment methodology across multiple industry sectors though typically focusing on the Information Technology, HealthCare, Communication Services and Consumer Discretionary sectors. The Advisor generally will sell a portfolio security when it believes the security will no longer increase in value at the same rate as it has in the past, changing fundamentals signal a deteriorating value potential, or other securities with entrepreneurial characteristics have better price performance potential. The Fund may invest in derivative instruments (such as futures, options and swaps or hybrid instruments) to implement its investment strategies. When the Advisor believes market conditions are unfavorable, it may also use options and short selling to hedge a portion or all of the portfolios market risk. The Advisor may engage in frequent trading to achieve the Funds investment objective. The Advisor invests to a limited degree in privately-offered securities to gain exposure to certain private entrepreneurial companies. The Fund is non-diversified and therefore may invest a greater percentage of its assets in a particular company than a diversified fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US ULTRA BOND CBT Sep25 | — | $205.24M | 44.65% |
| NVIDIA CORP | — | $18.77M | 4.08% |
| META PLATFORMS INC CL A | — | $15.50M | 3.37% |
| UBIQUITI INC | — | $12.95M | 2.82% |
| ARISTA NETWORKS INC | — | $12.03M | 2.62% |
| PALANTIR TECHNOLOGIES INC | — | $11.78M | 2.56% |
| INTERACTIVE BROKERS GROUP INC | — | $10.83M | 2.36% |
| ALPHABET INC CL A | — | $8.73M | 1.90% |
| TESLA INC | — | $8.60M | 1.87% |
| RESMED INC | — | $8.27M | 1.80% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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. |
|---|---|---|
| NASDAQ-100 PROFUND · OTPIX, OTPSX | 58% | 1.47% |
| Knights of Columbus Long/Short Equity Fund · KCEVX, KCEIX, KCESX | 48% | 1.98% |
| BMC FUND INC | 47% | — |
Advisers
| Firm | Role |
|---|---|
| Capital Impact Advisors, LLC | Adviser |
Footnotes
- Expense ratio as of March 9, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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