Portfolio

Sector Weightings1

As of 9/30/18

Fund Data

As of 9/30/18

Total Net Assets $131.5M
Inception Date 6/30/10
Average Market Cap $47.2B
Number of Holdings 21
Distribution Frequency Annually
Ticker – Investor Class MOATX
Ticker – Class C CASTX

Portfolio Characteristics3

For the five years ending 9/30/18

Alpha -0.16
Beta 0.49
Standard Deviation 6.02
Up Capture 53.64
Down Capture 59.76
R Squared 61.09

Top Ten Holdings1

As of 9/30/18

Cash & Cash Equivalents2 26.21%
Sanofi SA (ADR) 6.12%
Dominion Energy Inc. 5.80%
Enbridge, Inc. 5.45%
Anheuser-Busch InBev SA/NV 4.70%
Brookfield Asset 4.40%
Liberty Global PLC 4.26%
The TJX Companies Inc. 4.26%
Loews Corporation 4.17%
Royal Gold, Inc. 4.16%

1. Percent of Fund’s total net assets

2. Represents cash equivalents and other assets less liabilities

3. Alpha measures the excess return of an investment vehicle, such as a mutual fund, relative to the return of its benchmark, given its level of risk (as measured by beta). Beta is a measure of the portfolios sensitivity to the market. Standard deviation is use to measure an investment’s historic volatility. The up capture and down capture ratios are statistical measures of a manager’s overall performance in upward moving and downward moving markets, respectively. R-Squared is a statistical measure that represents the percentage of a fund or security’s movements that can be explained by movements in a benchmark index.