Plumb Equity Fund
The Plumb Equity Fund (Equity Fund) seeks long-term capital appreciation.
To pursue its investment objective, the Fund normally invests at least 80% of its
assets, including borrowings for investment purposes, in common stocks and other
equity securities, such as ETFs, options, preferred stocks and securities convertible
into such equity securities. The Fund generally invests in higher quality companies
that are trading at significant discounts to portfolio managers’ estimates of their
intrinsic value. These companies may include large, medium, and smaller sized companies.
The Fund’s portfolio managers employ a blended investment style, which they generally
characterize as “growth at a reasonable price”. However, the portfolio managers
may prefer a certain investment style and look for growth stocks or value stocks
when warranted by market conditions and other factors.
The Fund seeks to provide investors with competitive after-tax investment returns
by holding quality securities for the long term, which is designed to promote greater
tax-efficiency. The Fund anticipates that capital growth will be accompanied by
dividend income and growth of dividend income over time.
The Fund typically sells securities in companies when their market valuations rise
significantly above the portfolio managers’ estimates of intrinsic business values,
long-term economic fundamentals significantly deteriorate, or better opportunities
are presented in the marketplace.
Average Annual Performance
Quarterly as of 09/30/2013
Monthly as of 11/30/2013
Expense Ratios as of 8/1/2013
The advisor has contractually agreed to waive fees through 7/31/2014. Investment performance reflects fee waivers. In the absence of these waivers, returns would be reduced.
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.
Mutual fund investing involves risk. Principal loss is possible. The Funds may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Temporary Defensive Positions: Under adverse market conditions the Fund could invest a substantial portion of its assets in US Treasury securities and money market securities which could reduce the benefit from any upswing in the markets.
The Plumb Balanced Fund will invest in debt securities, which typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may engage in short-term trading, which could produce higher transaction costs and taxable distributions and lower the fund's after tax performance.
For more information on the funds, including a hard copy prospectus which explains management fees and expenses and the special risks of investing in the funds, please call 1-866-987-7888. Please read it carefully before investing. An investor should consider a fund’s investment objectives, risks, and charges and expenses carefully before investing. This and other information about the funds are contained in the funds' prospectus.
Mutual fund investing involves risk. Principal loss is possible.
The Plumb Funds are distributed by Quasar Distributors, LLC.