Portfolio

Sector Weightings1

As of 6/30/18

Fund Data

As of 6/30/18

Total Net Assets $133.5M
Inception Date 6/30/10
Average Market Cap $40.4B
Number of Holdings 22
Distribution Frequency Annually
Ticker – Investor Class MOATX
Ticker – Class C CASTX

Portfolio Characteristics3

For the five years ending 6/30/18

Alpha 0.53
Beta 0.50
Standard Deviation 6.12
Up Capture 56.13
Down Capture 56.69
R Squared 63.84

Top Ten Holdings1

As of 6/30/18

Cash & Cash Equivalents2 30.94%
Enbridge, Inc. 6.68%
Sanofi SA (ADR) 5.69%
Dominion Energy Inc. 5.54%
Anheuser-Busch InBev SA/NV 5.32%
Royal Gold, Inc. 4.10%
Brookfield Asset 3.95%
Berkshire Hathaway Inc. – Class B 3.78%
CVS Health Corporation 3.61%
The TJX Companies Inc. 3.56%

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.