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Overview
Established in 1996, the Lou Holland Growth Fund replicates the high quality large cap growth equity investment strategy executed for institutional investors, by the same investment team.
The Fund seeks to achieve its investment objective
by investing primarily in common stocks of mid- to large-capitalization
growth companies. In pursuing its investment objective, the
Fund maintains a diversified portfolio of high quality
equity securities of companies that have earnings growing
faster than the general market, strong management, and superior
industry positions and/or niche products.
The Fund considers mid-capitalization and large-capitalization
companies to be those having market capitalizations (number
of shares outstanding multiplied by share price) within the
range of the companies included in the S&P 400 Mid-Cap
Index or the Russell 1000 Index. The market capitalizations
of companies in the Fund’s portfolio and these indices
change over time; the Fund will not automatically sell or
cease to purchase a stock it already owns just because the
market capitalization of the company falls outside this range.
Principal
Investment Risks
The risks associated with investing in a mutual fund are
primarily determined by the securities in which it invests and
the investment strategies it employs. The ultimate risk when
you invest in the Fund, or any other mutual fund for that
matter, is that you could lose money.
The market
value of the Fund’s investments can be
expected to fluctuate over time. Similarly, the amount of income
generated by the Fund will fluctuate based on the composition
of the Fund’s assets and the level of interest and dividends
paid on those assets. Since the Fund seeks long-term
growth of capital, an investment in the Fund may be
more suitable
for long-term investors who can bear the risk of these fluctuations.
The
primary risks of investing in the Fund are:
Market Risk
Stock prices may fluctuate widely based on overall
market conditions. Because the Fund invests primarily
in common stocks, the Fund’s total return will fluctuate as
the
overall
stock market fluctuates, which may include periods
of declining market values.
Manager Risk
The strategies used by the Fund’s investment
adviser may fail to produce the intended result. The adviser’s
assessment of companies the securities of which are purchased
for the Fund may prove incorrect, resulting in losses or poor
relative performance even in rising markets.
Foreign Investing Risk
Foreign investing involves risks not typically associated with
U.S. investments, including, among others, higher stock
price volatility due to adverse political, regulatory, economic
or other developments affecting a particular foreign country;
adverse changes in currency exchange rates; less publicly
available information and market liquidity; higher transaction
costs;
and less revealing accounting and financial disclosure requirements.
Mid-Capitalization
Investing Risk
The stocks of mid-capitalization companies
entail greater risk and their prices may fluctuate
more than those of the securities of larger, more-established
companies. |
