FUND INFORMATION (as of 06/30/2014)
- Total Assets: 30 million
- Number of Holdings: 57
- Investment Style: Large Blend
- Fund Investment Objective: Long-Term Capital Growth
FUND INVESTMENT STRATEGY
The Epiphany FFV Fund seeks to invest primarily in equity securities that are attractively valued with consistent earnings and healthy cash flow and demonstrate a commitment to faith and family values as measured by the FFV Scorecard®. The fund uses quantitative and qualitative techniques to manage risk with the goal of providing strong cumulative returns over time.
FAITH AND FAMILY VALUES SCREENING
The Epiphany FFV Fund uses the FFV Scorecard® to screen investments. The focus of the screening is to protect the dignity of human life, support and protect employees and their families, and to reasonably safeguard the environment. The screening is consistent with the USCCB Socially Responsible Investment Guidelines. Business Practices are screened in four major areas: Life and Family Exclusions, Social Justice, Environmental Record, and Corporate Governance Practices. The screening process first excludes companies with business activities that are prohibited in the life and family exclusions. Companies that pass the initial screening are then additionally scored to determine their impact on society. The screening criteria used is periodically reviewed by Trinity’s Advisory board, which consists of respected religious leaders who provide guidance on the criteria being used.
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.
Sam Saladino- President, Portfolio Manager
Mr. Saladino has 15 years experience managing assets for retail clients. Early in his career he developed a large, successful financial planning practice under the Ameriprise platform. His success lead him to become a district manager responsible for recruiting, training, and developing new financial advisors while managing his own personal practice. He sold his practice and established Trinity Fiduciary Partners as a Registered Investment Advisor in January 2005. He currently serves as Portfolio Manager and primary spokesperson for the Epiphany Funds. As such, he has appeared in several national media outlets, including Time Magazine, Barron’s, the National Catholic Register, and a variety of local Catholic radio programs. Mr. Saladino is a graduate of Baylor University. He is a member of Legatus and the Knights of Columbus. He holds FINRA Series 7 and 65 licenses and is a Certified Financial Planner. He serves as a Portfolio Manager for the Epiphany FFV Fund, Epiphany FFV Strategic Income Fund, Epiphany FFV Latin America Fund and Epiphany FFV Global Ecologic Fund.
|Class A||Class N||Class C|
|Distribution (12b-1) Fees||0.25%||1.00%||0.25%|
|Total Annual Fund Operating Expenses||2.38%||3.15%||2.43%|
|Fee Waiver (1)||(0.88)%||(0.90)%||(0.93)%|
|Net Annual Fund Operating Expenses||1.50%||2.25%||1.50%|
For more information, see the propspectus.