Portfolio

MOATX::Investor Shares

CASTX::Class C Shares

Castle Focus Fund Logo

Sector Weightings1

As of 3/31/18

Fund Data

As of 3/31/18

Total Net Assets $113.8M
Inception Date 6/30/10
Average Market Cap $48.7B
Number of Holdings 22
Distribution Frequency Annually
Ticker – Investor Class MOATX
Ticker – Class C CASTX

Portfolio Characteristics3

For the five years ending 3/31/18

Alpha -0.73
Beta 0.52
Standard Deviation 6.87
Up Capture 54.17
Down Capture 59.76
R Squared 71.81

Top Ten Holdings1

As of 3/31/18

Cash & Cash Equivalents2 34.34%
Enbridge Inc. (Canada) 5.42%
Sanofi -ADR 4.86%
Brookfield Asset Management Inc. – Class A (Canada) 4.71%
Berkshire Hathaway Inc. – Class B 4.06%
Dominion Energy, Inc. 4.04%
Loews Corporation 4.00%
Royal Gold, Inc. 4.00%
Liberty Global plc – Class C (United Kingdom) 3.62%
Anheuser-Busch InBev SA/NV -ADR 3.17%

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.