Focus Fund
Mutual Funds | Equities
Focus Fund
YTD RETURN
0.00%
Why Invest
Stock Selection By Seasoned Research Analysts
Research analyst team comprised of former private equity investors, industry operators and data scientists from various industries
Strong Data Science Integration
Alternative data insights informing portfolio holdings
Differentiated Exposure
Differentiated exposure from broad indices, with high active share vs the MSCI ACWI Index
Morningstar Rating
For each retail mutual fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are ©2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Top 10 Holdings
Portfolio holdings are expressed as a percentage and are calculated by taking the market value of each holding and dividing it by the Fund's NAV. Portfolio holdings and other characteristics are current as of the date shown and are subject to change.
For Institutional Class, Class A, and Class C, total (net) expense represents, and for Investor Class, Trust Class, and Advisor Class shares gross expense represents, the total annual operating expenses that shareholders pay (after the effect of any fee waivers and/or expense reimbursement). The Fund’s investment manager has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses are capped (excluding interest, brokerage commissions, acquired fund fees and expenses, taxes including any expenses relating to tax reclaims, dividend and interest expenses relating to short sales, and extraordinary expenses, if any; consequently, total (net) expenses may exceed the contractual cap) through 8/31/2027 for Class A at 1.11%, Class C at 1.86%, Institutional Class at 0.75%, Trust Class at 1.50%, and for Advisor Class at 1.50% (each as a % of average net assets). Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of the most recent prospectuses dated December 18, 2023, as amended and supplemented.
Beta is a measure of market-related risk (expressed between 0-1%) of a portfolio compared to that of the overall market, as represented by an index. The lower the beta the lower the sensitivity to the movements of the market, as represented by the index.
Standard Deviation is a statistical measure of portfolio risk. The Standard Deviation describes the average deviation of the portfolio returns from the mean portfolio return over a certain period of time. Standard Deviation measures how wide this range of returns typically is. The wider the typical range of returns, the higher the Standard Deviation of returns, and the higher the portfolio risk.
Active Share measures the percentage of mutual fund assets that are invested differently from the benchmark, and will range between 0% and 100%, Funds with an active share below 20% are likely to be pure index funds, while those with an active share between 20% and 60% are considered to be closet index funds.
Hari Ramanan, Managing Director, joined the firm in 2019. Hari is a Portfolio Manager and CIO of Global Research Strategies at Neuberger Berman and leads the investing activities of the firm’s research-centric core and thematic funds. Prior to joining Neuberger Berman, Hari was Managing Partner of Valarc Holdings, a long-biased hedge fund backed by endowments and foundations to invest in a concentrated portfolio of globally traded equities that it looked to own for multiple years. In addition, the firm opportunistically took short positions in individual companies globally. Before founding Valarc in 2014, he served as a Portfolio Manager and Head of International Equities at Eminence Capital, a $7 billion equity long-short investment firm investing in quality companies globally. He joined Eminence in 2007 with a mandate to spearhead the firm’s international investing efforts. Prior to Eminence, Hari was a Managing Director and Portfolio Manager at Basso Capital, a multi-strategy investment firm in Connecticut where he focused on European equity and distressed debt investments. Hari began his career at Lehman Brothers Private Equity Division in New York. He subsequently worked for Advent International, the global private equity firm, in London and focused on European buyouts. Hari earned his Bachelor of Arts, magna cum laude, in Mathematics and Economics from Knox College in 2000. Hari served on the Board of Trustees of Knox College and its Investment Committee from 2009 to 2019.