Fund Facts

Top 10 Holdings
(as of 6/30/2021)
% of Net Assets
Cash & Cash Equivalents 27.45%
Moody’s Corp. 7.54%
AutoZone 6.79%
Goldman Sachs 6.79%
Arch Capital 6.69%
Cummins 6.16%
Mastercard 5.27%
Expeditors International 5.09%
Ross Stores 5.08%
Visa 5.08%

The current and future portfolio holdings are subject to risk.

Cash Position

27.45%

102

Upside Capture

0.80

Beta

67

Downside Capture

17%

Turnover

5 year data as of 6/30/21

Performance As of 6/30/21

1 Year 3 Year* 5 Year* Since Inception
(12/28/15)*
MRFOX 30.77% 20.53% 21.02% 18.58%
S & P 500 Index 40.79% 18.67% 17.65% 16.35%

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns 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. Current performance may be lower or higher than the performance data quoted. Call 1-855-691-5288 for current month-end data. *Annualized.

Minimum Initial Investment

$10,000

Personal Accounts

$1,000

IRA or Gift to Minor

Additional purchase of Fund Shares may be made at any time in any amount

Strategy All-Cap Value Equity
Share Class Institutional Share
Ticker MRFOX
Benchmark S&P 500 Index
Morningstar Rating™
Inception date 12/28/2015
Typical number of holdings 16-24

Operating Expense 0.99%

The Adviser has contractually agreed, until January 1, 2022, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses to an amount not exceeding 0.99% of the Fund’s average daily net assets. Net Expense Ratio 1.03%. Gross Expense Ratio 1.27%.