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Managed Accounts

Our philosophy is based on the conviction that compounding is the most influential element of an investment program. We believe leading companies in slow growth industries often achieve the best performance over the long-term investment horizon. We look for value with a significant margin of safety relative to price. We continue to believe in a price/value strategy that helps eliminate emotional reaction to market panics.

This Internet site is not an offer to sell or a solicitation of an offer to buy shares of the Fund to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Foreside Fund Services, LLC. Distributor (www.foreside.com) | Hosted by clnw.com