Portfolio Information
- Number of Holdings: 74
- Investment Style: Large Blend
ABOUT THE FUND
The Epiphany FFV Fund seeks long term growth of capital from investments in companies whose business activities and practices are consistent with fundamental Christian moral and ethical principles. The underlying theme of the social screening is Faith and Family Values which is represented in the title by the FFV acronym.
FUND INVESTMENT STRATEGY
The investment process for the Fund is a hybrid of focused and efficient quantitative research to identify quality companies combined with fundamental research that includes qualitative considerations that can impact future performance. The qualitative elements include the Faith and Family Values screening.
Several technigues are used to manage risk with the goal of providing strong cumulative returns over time. They include:
- Holdings are sector neutral to the S&P 500
- Holdings are valued vs. industry peers
- Market timing is not considered in trading decisions
Portfolio managers for this fund may select up to 100 equity securities for the funds’ portfolio, which are rebalanced quarterly.
Mutual Funds involve risk, including possible loss of principal. The fund may invest in REITs. Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. The Fund may invest in ETFs and other investment companies. As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities. Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on invest-ment considerations. The Portfolio’s investments in convertible securities subject the Portfolio to the risks associated with both fixed-income securities and common stocks. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Foreign investing involves risks not typically associated with U.S. investments. Countries with emerging markets may have relatively unstable governments, social and legal systems that do not pro-tect shareholders. The Fund may invest in high yield securities, also known as “junk bonds.” High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal. The Fund applies a redemption fee of 2.0% for shares held less than 60 days.
1) The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A and N shares, and 2.25% of the average daily net assets of Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.