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Brandywine Blue Fund

 

Fund Focus and Strategy

Friess Brandywine Blue Fund emphasizes large-cap companies. The Fund strives to isolate larger companies with above-average earnings growth prospects relative to their peers. While most companies in the portfolio are well known, the portfolio’s composition reflects a focus on companies fueling growth by capturing market share rather than big-name companies with more limited growth potential.

Portfolio characteristics such as sector weightings reflect the Friess team’s efforts to isolate robust earnings growth on the individual-company level. We make no effort to mirror market indexes, typically resulting in a portfolio with lower correlation to large-cap benchmarks. Friess Brandywine Blue Fund aims to beat benchmarks, not mimic them.

Our search for great larger companies includes research involving companies of all sizes. We conduct all-cap research, meaning that our work on a large-cap company is also likely to include interviews with its mid-cap supplier and small-cap vendor. We believe taking a broader view that spans a company’s complete “food chain” positions us to uncover trends that point to opportunity or foreshadow trouble before they become obvious to managers whose focus is narrower.

 

Where This Fund May Fit As Part Of Your Asset Allocation

The Fund may be appropriate for your overall investment allocation if you are:

Looking to gain exposure to large-cap stocks
Seeking long-term growth of capital
Willing to accept short-term volatility of returns

 

 

Fund Facts (as of 10/15/2021)

Investment Style:

 

Large Cap

 

Advisor:

Friess Associates, LLC

Benchmark(s):

Russell 1000® Growth Index; Russell 1000® Index

Fund Net Assets:

$3,553,201

Daily Pricing (as of 10/15/2021)

NAV:

$21.55

NAV $ Change:

$0.12

NAV % Change:

NA

 

YTD Return at NAV:

NA

Standardized performance will be available after 9/30/21. The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses.

Share Class Facts

Share Class:Class I
Ticker:FBLUX
Inception Date:7/6/2021
Minimum Investment: Initial / Subsequent$2,000 / $100
12b-1 Fees:

Performance

Monthly Performance – Investor (as of 09/30/2021)

  Inception 1 Mo. 3 Mo. YTD 1 Year 3 Years 5 Years 10 Years Life of Fund
NAV 7/6/2021 [table “4” does not have that cell /]
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Quarterly Performance – Investor (as of 09/30/2021)

  Inception 1 Mo. 3 Mo. YTD 1 Year 3 Years 5 Years 10 Years Life of Fund
NAV 7/6/2021 -1.10% -2.82% 23.58% 66.17% 14.61 20.10%
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The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns of the Fund are net of expenses, and the returns of the indices exclude expenses.

Expense Ratios – Investor

Gross Expense Ratio:

1.62%

NET Expense Ratio:

1.45%

Expense Cap Expiration Date:

4/30/2021

 

The Fund’s Adviser has contractually agreed, through at least April 30, 2021, to waive its management fees and/or pay Fund expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund’s prospectus for additional information on the Fund’s expenses.

Investor Calendar Year Returns

YearFundRussell 1000® Growth IndexRussell 1000® Index
201916.70%28.48%25.52%

Performance shown prior to May 31, 2017 is for Series B Units of the Friess Small Cap Trust (the “Predecessor Fund”), an unregistered Delaware Business Trust that commenced operations on August 6, 2002. The Predecessor Fund offered Series A and Series B Units. Performance is shown for Series B Units because Series B Units have been outstanding since inception of the Predecessor Fund. Returns for Series A Units, for the periods they were outstanding, would generally have been higher than returns for Series B Units. The Predecessor Fund was reorganized into the Fund by transferring all of the Predecessor Fund’s assets to the Fund in exchange for Institutional Class shares of the Fund on May 31, 2017, the date that the Fund commenced operations (the “Reorganization”). The Predecessor Fund has been managed in the same style as the Fund will utilize and by the same Investment Adviser and Sub-Adviser. The Fund’s investment objective, policies, guidelines and restrictions are, in all material respects the same as those of the Predecessor Fund. At the time of the Reorganization the Predecessor Fund’s investment portfolio was managed by the same portfolio manager and team of investment professionals who will manage the Fund’s investment portfolio.

The Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the Investment Company Act of 1940, as amended (the “1940 Act”) or Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), which, if they had been applicable, might have adversely affected the Predecessor Fund’s performance. After the Reorganization, the Fund’s performance will be calculated using the standard formula set forth in rules promulgated by the SEC, which differs in certain respects from the methods used to compute total return for the Predecessor Fund.

Fund Analytics

Top 10 Holdings

Fund Holdings % Russell 1000® Growth Index %
3Hovnanian Enterprises Inc.3.09%4Intellia Therapeutics, Inc.0.67%
3Kirkland's Inc.2.98%4Arrowhead Pharmaceuticals, Inc.0.54%
3GrowGeneration Corp.2.96%4Lattice Semiconductor Corporation0.49%
3CM Research Inc.2.71%4Crocs, Inc.0.49%
3Bonanza Creek Energy Inc.2.66%4Scientific Games Corporation0.48%
3Calix Inc.2.52%4STAAR Surgical Company0.46%
3Kornit Digital Ltd.2.51%4Denali Therapeutics Inc.0.46%
3Crocs Inc.2.37%4II-VI Incorporated0.45%
3Magnite Inc.2.36%4Fate Therapeutics, Inc.0.45%
3Tecnoglass Inc.2.34%4Silicon Laboratories Inc.0.44%

Sectors or Industries listed are Global Industries Classifications Standard (GICS® industries, provided by FactSet).

Sector Allocation

As of 6/30/2021

Market Cap

As of 06/30/2021

 

Top Industries

As of 06/30/2021

 

 

Investors should carefully consider the Friess Brandywine Blue Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call (855) 656-3017 or visit www.friessfunds.com. Read the Prospectus carefully before investing.

 

Risks

Mutual fund investing involves risk. Principal loss is possible. Please see the Funds’ prospectus for additional information.

See Disclosures for Index and Financial Term Definitions

Friess Brandywine Blue Fund is distributed by Foreside Fund Services, LLC

 

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