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13D Activist Fund Class I (DDDIX)

21.54
Net Asset Value
+0.56%
1 Day
+18.68%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
No Load
Sales Expenses
1.51%
Expense Ratio
High
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+6.16% 3 years+10.11%
3 months+11.46% 5 years+15.57%
1 year+19.35% Since inception+16.29%
Data through --

Peer Comparisonvs. Mid-cap blend

 DDDIXCategory
Performance 5-yr return+15.57%+12.86%
Expense ratio1.51%1.11%
Risk 5 year sharpe ratio1.221.17
Net assets$329.7M$2.2B
Average market cap$7.8B$7.7B
Average P/E28.822.6
Portfolio turnover119%119%

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Fund Management and Purchase Info

Fund family13D Activist Fund
Fund manager & tenureKen Squire / 5 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

U.S. stock70.61%
International stock17.16%
Cash12.23%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
MRVL Marvell Technology Group Ltd6.16%
BAX Baxter International Inc4.54%
HHC Howard Hughes Corp4.45%
TEX Terex Corp4.41%
NXPI NXP Semiconductors NV4.09%
LNG Cheniere Energy Inc3.90%
AWI Armstrong World Industries Inc3.81%
DECK Deckers Outdoor Corp3.72%
WBT Welbilt Inc3.68%
GIMO Gigamon Inc3.66%