| Scorecard |
|---|
|
2 / 5 Stars
|
|
Lipper
5
4
2
3
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
4 / 5 Stars
|
|
TheStreet.com
C+
(Hold)
|
Fund Holdings
The fund’s portfolio remains fairly concentrated with about 35 to 40 stocks. “We don’t think it makes any sense to own more of our 102nd best idea,” Fidler says. “We’d much rather focus on 35 to 40 stocks that not only do we think we can understand well, but also that we think there’s actually an opportunity in those stocks.” Historically, management has tended to hunt for deals in the consumer discretionary and financial services area, but continues to avoid the energy, commodities, and industrials sectors. “Those [involve] trading calls,” Fidler says. “Over the long term, they don’t really earn attractive returns. You have to trade them properly.” As of the end of the first quarter, the fund was most heavily invested in the consumer discretionary sector, followed by financial services and health care.
Asset Allocation
| % Long | % Net | |
|---|---|---|
| Cash | 4.78 | 4.78 |
| Stocks | 93.51 | 93.51 |
| Bonds | 0.0 | 0.0 |
| Other | 1.71 | 1.71 |
| Foreign Bonds | 0.0 | 0.0 |
| Foreign Stocks | 0.0 | 0.0 |
| Convertible | 0.0 | 0.0 |
| Preferred | 0.0 | 0.0 |
Updated 03.31.2013
Top 10 Holdings
Performance as of 04.30.2013
Portfolio as of 03.31.2013
| Ticker | YTD Return % | % Net Assets | |
|---|---|---|---|
| Interpublic Group of Cos Inc | IPG | 23.91 | 4.38 |
| Lazard Ltd | LAZ | 8.21 | 3.93 |
| Thermo Fisher Scientific Inc | TMO | 26.8 | 3.7 |
| Northern Trust Corporation | NTRS | 6.62 | 3.46 |
| Aflac Inc | AFL | 3.03 | 3.24 |
| Viacom, Inc. Class B | VIAB | 25.47 | 3.05 |
| St Jude Medical, Inc. | STJ | 13.31 | 3.03 |
| First American Financial Corp | FAF | 8.92 | 3.01 |
| International Game Technology | IGT | 20.96 | 2.96 |
| Blackstone Group LP | BX | 35.15 | 2.95 |
