Ridgeway & Prospect Fund I
As of 10/30/2020
Ticker
RGPX
Price*
$12.39
Call a financial consultant at 973-280-5841
All investments are subject to market risk, including the possible loss of principal. Standard deviation of returns, a measure of price volatility, is one measure of risk. Please consult the funds' prospectuses for a more complete discussion of the funds' risks.
Prices & Distributions
Note that past fund performance is not a guarantee of future results
Historical Distribution
Dividends
As of 10/30/2020
12/29/2019
$0.47 / 3%
12/29/2018
$0.50 / 3%
12/29/2017
$0.37 / 2%
12/29/2016
$0.32 / 2%
12/29/2015
$0.40 / 3%
Dividends Historical Distribution
Low
High
YTD
$7.51
$14.75
3/23/2020
1/16/2020
2019
1/03/2019
4/12/2019
$12.48
$14.77
2018
12/24/2018
1/29/2018
$11.97
$17.05
2017
9/07/2017
2/21/2017
$14.68
$16.59
2016
2/11/2016
12/20/2016
$11.21
$16.33
Expenses & Minimums
Fees & Expenses
As of 10/30/2020
Net Expense Ratio
none
Expense Waiver Type
Contractual
Expense Limitation Expires
Q1 of FY
Transaction Fee
None
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund’s prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. Expense ratios are as of the most recent prospectus.
Account Minimums
As of 10/30/2020
To Open an Account
$500*
To Add an Account
None
Recurring Purchase Minimum
None
Back - End Load
6%
This is a Back - Load portfolio. Ridgeway & Prospect has a 6% flat investment fee on returns to investors above the $500 capital gains. Investors can invest at a minimum value of $500 with the option to increase position interchangeable.
Overview
Fund Summary and Valuation
Portfolio Value
As of 10/30/2020
NET ASSET VALUE
$9.85
DAILY CHANGE*
$0.13
1.33%
$7.51
52 WEEK RANGE
$14.78
Portfolio Returns
As of 10/30/2020
3 Months
2%
6 Months
15%
1 Year
2%
3 Years
10%
5 Year
44%
7 Years*
67%
Annual Returns
As of 10/30/2020
Expense Ratio
none*
Expense Limitation Expires
Q1 of FY
NOTES
* Ridgeway & Prospect has a limit of 7 years on fund positions. All investment returns are a reflection of historical fund performance of the companies that Ridgeway & Prospect has investments in. Share price, principal value and returns will vary and you may have a gain or loss when you sell your shares.
** The expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. Expense ratios are as of the most recent prospectus and reflect the $150 service fees on a $10,000 investment.
Investment Objective
The fund seeks long-term growth of capital by investing primarily in the common stocks of companies located (or with primary operations) in North America with few investments in Developing Markets.
Strategy
The fund expects to make all or majority of its investments (at least 80% of net assets) in North American companies. We will allocate up to 20% of net assets to Developing Markets and Growth Stocks. Depending on conditions, the fund's portfolio should be composed of investments in about 10 to 30 different companies although the exact number could vary substantially depending on market conditions. We are open to expanding beyond this amount if we see Acquisition opportunities. The fund may make substantial investments (at times more than 25% of total assets) in real estate, insurance and banking companies of various capitalization sizes.
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Favor companies with attractive valuations and earnings that are growing faster than their local, regional, or global peers.
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Securities are chosen based on bottom-up research, supported by a top-down perspective.
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A focused portfolio leading to high-conviction decision-making.
Country allocation is driven by stock selection and stock selection reflects a growth style.
Risks
All investments are subject to market risk, including the possible loss of principal investment. Developing Markets and Growth stocks can be riskier than blue-chips and large capitalization companies due to the adverse effects of industry exposure and share of market. Differences in market structure and liquidity, as well as specific country, regional and economic developments can impact investment returns. Investments in emerging markets are subject to abrupt and severe price declines. The economic and political structures of developing nations, in most cases, do not compare favorably with the U.S. or other developed countries in terms of wealth and stability, and their financial markets often lack liquidity. Because of this exposure, the fund has allocated less than 20% of net assets to developing markets and growth stocks, with 80% invested in companies in North America. In addition, because the fund has nondiversified status, it can invest more of its assets in a smaller number of companies than diversified funds. As a result, poor performance by a single large holding of the fund would adversely affect its performance more than if the fund were invested in a larger number of companies.
FUND MANAGER
ABOUT FUND MANAGER
Allen Ngongo
MANAGED FUND SINCE
9/01/2019
Allen holds a Bachelor's degree in Economics with a concentration in Finance from Pace University. Mr. Ngongo has a breadth of experience in Client Relationship building, Risk and Asset Management. He began his career in finance at Credit Suisse in the Risk Management division and was a partner at ARC Investment Group.
FUND INCEPTION DATE
9/01/2019
Performance
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares.
B
Bank of America Merrill Lynch US 3-Month Treasury Bill Index. tracks the performance of U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market maturing in less than three months.
Bloomberg Barclays Global Aggregate ex USD Bond Index. tracks investment-grade government, corporate, agency, and mortgage-related bonds in markets outside the U.S.
Bloomberg Barclays Global Aggregate Index. is a measure of global investment grade debt from twenty-four local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
Bloomberg Barclays GNMA Index tracks the performance of mortgage-backed pass-through securities of the Government National Mortgage Association (GNMA).
Bloomberg Barclays Municipal 1-15 Year Blend (1-17) Bond Index is a sub-index of the Bloomberg Barclays Municipal Bond Index. It is a rules-based market value-weighted index of bonds with maturities of one year to 16 years and 11 months engineered for the tax-exempt bond market.
Bloomberg Barclays Municipal Bond Index is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed tax-exempt bond market. The index includes state and local general obligation, revenue, insured, and pre-refunded bonds.
Bloomberg Barclays U.S. Aggregate Bond Index tracks intermediate-term domestic investment-grade bonds, including corporate, government, and mortgage-backed securities.
Bloomberg Barclays U.S. TIPS Index consists of inflation-protected securities issued by the U.S. Treasury.
Cumulative Returns of Hypothetical $10,000 as of 10/30/2020
Ridgeway & Prospect Fund
$18,678.92 | +$8,678.92
S&P 500
$20,730.76 | +$10,730.76
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 7 years or since its inception (for funds lacking 7-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes
Average Annual Total Returns
As of 10/30/2020
Ridgeway & Prospect Fund
S&P 500
Because the fund's inception predates the benchmark's inception, a comparison is not available.
Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. Returns for periods less than one year are not annualized. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
Calendar Year Total Returns
As of 10/30/2020
2019
0%
2020*
10%
* Yield to Date
2013
20%
2014
23%
2015
-6%
2016
15%
2017
16%
2018
12%
Portfolio
This is the overview of the portfolio and the fund sector exposure. Exposure will vary and be updated to reflect the current portfolio view. Highlighted below are the risk rating of the fund and the respective fees and expenses.
Asset Allocation
U.S Securities
Foreign Securities*
88%
12%
* Open exposure to Developing Markets remains in line with the fund expected exposure on foreign securities of no more than 20%
Sector Allocation
23%
19%
Financial Services
Industrials
14%
12%
Consumer Defense
Energy
10%
Information Technology
21%
Other*
Asset Allocation
As of 10/30/2020
US Large Cap Equity
33%
Emerging Market Equity
12%
US Smid (Small/Mid) Cap Equity
34%
Real Estate & Infrastructure
12%
Other Alternative Assets
9%
Fixed Income & Cash
>1%
Sector Exposure
As of 10/30/2020
Financial Services
23%
Industrials
19%
Consumer Defense
14%
Energy
12%
Technology
10%
Others*
21%
* Other sector exposures consist of:
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Communication Services (5%)
-
Basic Material (6%)
-
Consumer Cyclical (4%)
-
Real Estate (4%)
-
Utilities (2%)