Overview

Wedgewood seeks to make investments in approximately 20 companies, with market capitalizations in excess of $5 billion, which it believes have above-average growth prospects. Wedgewood invests in businesses that it believes are market leaders with long-term sustainable competitive advantage. It patiently waits for opportunities to purchase what it believes are great businesses at attractive prices. While Wedgewood invests in growth it believes that valuation is the key to generating attractive returns over the long-term. Unlike most growth investors, Wedgewood is not a momentum investor but rather a contrarian growth investor. Wedgewood is a firm that believes in investing as opposed to trading and generally experiences portfolio turnover of less than 50% annually.

For further information on the sub-advisor, please visit www.wedgewoodpartners.com.

 

FACT SHEET

QUARTERLY LETTER

IN-DEPTH OVERVIEW

 

Barrons Article

David A. Rolfe
David A. Rolfe

Our Portfolio Manager

David A. Rolfe

CFA, Chief Investment Officer, Wedgewood Partners Principal of RiverPark Advisors, LLC

Wedgewood Partners (Wedgewood), a St. Louis based investment management firm, serves as the Sub-Adviser to the Wedgewood Fund. David A. Rolfe is the portfolio manager primarily responsible for the investment decisions of the Fund. With 29 years of investment experience, David joined Wedgewood 23 years ago and is the architect of Wedgewood's focused strategy. David has been the strategy's primary portfolio manager since the product's inception in 1992.

David holds a BA in Finance from the University of Missouri at St. Louis.

Performance

 

Inception date of the Fund was September 30, 2010.

Total returns presented for periods less than one year are cumulative, returns for periods one year and greater are annualized.

Expense Ratio: Institutional: 0.95%, Retail: 1.24% as of the most recent prospectus, dated January 26, 2022.

The performance quoted herein is net of all fees and expenses and represents past performance. Past performance does not guarantee future results. High short-term performance of the Fund is unusual and investors should not expect such performance to be repeated. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost, and current performance may be higher or lower than the performance quoted.

The Fund offers two classes of shares. Retail Class shares have a shareholder services fee of up to 0.25% per annum of average daily net assets. Institutional Class shares have no shareholder services fee. For more information, please see the prospectus.

The five year and inception to date total returns for the Retail Class Shares have been increased by a one-time adjustment as a result of a management change in estimate relating to shareholder servicing and administrative servicing fees. Had this change in estimate not occurred, total return would have been lower.

Holdings*

As of TBD
Security Security Identifier % of Total Portfolio

 

Holdings Subject to change.

*The percentage weightings set forth above represent the market value of each position divided by the net asset value of the Fund as of that date.