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13D Activist Fund Class I (DDDIX)

17.82
Net Asset Value
+0.56%
1 Day
+4.58%
Year-to-Date
Overall Morningstar Rating
Mid-cap growth
Style or Category
No Load
Sales Expenses
1.50%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund invests primarily in common stocks of U.S. companies of any market capitalization that are the target of shareholder activism. The adviser defines an activist situation as one where an investor holds more than 5% of a company's shares and either (A) has a history of activist investing and/or (B) has a publicly disclosed catalyst for change such as seeking Board seats, improving operations and/or corporate governance practices, approving a merger, spinning-off an operating division or selling a significant amount of company assets. It is non-diversified.

Performance

1 month+1.31% 3 years+22.50%
3 months+0.62% 5 years--
1 year+10.42% Since inception+21.42%
Data through --

Peer Comparisonvs. Mid-cap growth

 DDDIXCategory
Performance 5-yr return--+16.81%
Expense ratio1.50%1.32%
Risk 5 year sharpe ratio--1.12
Net assets$453.7M$1.4B
Average market cap$9.3B$9.6B
Average P/E29.525.9
Portfolio turnover85%85%

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Fund Management and Purchase Info

Fund family13D Management LLC
Fund manager & tenureKen Squire / 3 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

U.S. stock81.48%
International stock10.26%
Cash8.26%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
HHC Howard Hughes Corp6.86%
-- 4.62%
CBG CBRE Group Inc4.52%
ASH Ashland Inc4.40%
DRI Darden Restaurants Inc4.17%
AWI Armstrong World Industries Inc3.93%
MSI Motorola3.84%
FNF Fidelity National Financial Inc3.79%
HOLX Hologic Inc3.61%
JNPR Juniper Networks Inc3.58%