The Riverbridge Growth Fund was established on December 31, 2012. It is a diversified growth fund invested in 45-60 companies of all market capitalization sizes. The fund is managed by the Riverbridge Investment Team utilizing our time-tested investment philosophy and disciplines. It is modeled after our All Cap Growth separate account portfolio, which was our flagship investment strategy.
|Ticker||CUSIP||Minimum Initial Investment|
As of 06/30/2017
|At NAV Return Before Taxes||Q-T-D||Y-T-D||1-Year||3-Year||5-Year||10-Year||Inception|
|Russell 3000® Growth||4.65%||13.69%||20.72%||10.83%||N/A||N/A||15.84%|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month-end performance, please call (888) 447-4470. Shares redeemed within 90 days of purchase are subject to a 1.00% redemption fee. As stated in the current prospectus, the Fund's gross and net expense ratios for Investor Class shares (RIVRX) are 1.67%, and 1.25%, respectively. The gross and net expense ratios for the Institutional Class shares (RIVBX) are 1.42%, and 1.00%, respectively. The Fund’s advisor has contractually agreed to waive certain fees and/or absorb expenses through March 31, 2017. Short-term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, Fund performance may be subject to substantial short-term changes. The inception date for RIVBX and RIVRX is December 31, 2012. Please refer to the full disclosure.
Top Ten Holdings
As of 06/30/2017
- National Instruments Corporation - 4.0%
- Fiserv, Inc. - 3.5%
- National Instruments Corporation - 3.5%
- Amazon.com, Inc. - 3.4%
- Grand Canyon Education, Inc. - 3.2%
- Ecolab, Inc. - 3.1%
- Starbucks Corporation - 2.9%
- athenahealth, Inc. - 2.7%
- CoStar Group, Inc. - 2.6%
- Rollins, Inc. - 2.5%
As of 06/30/2017
Portfolio holdings and weightings will change due to ongoing management of the Fund. References to specific securities or sectors should not be construed as recommendations by the Fund, the Advisor or the Distributor.
Prospectus, Shareholder Reports, and Applications
- Summary Prospectus
- Statement of Additional Information (“SAI”)
- Regular Account Application
- IRA Asset Transfer Application
- Semi-Annual Report
*XBRL Files: eXtensible Business Reporting Language
The XBRL files above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC’s website at xbrl.sec.gov.
Please note that the XBRL file does not include all of the information contained in the Prospectus or Summary Prospectus. To access the full text of the Prospectus or Summary Prospectus, click on the link for each above.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be downloaded by clicking here, or obtained by calling (888) 447-4470. Please read the prospectus carefully before you invest. The Fund is available for sale in all states.
Risk Disclosures: Investing involves risk, including the possible loss of principal. The Fund invests in small and medium size companies. Investments in these companies, especially smaller companies, carry greater risk than is customarily associated with larger companies for various reasons such as increased volatility of earnings and prospects, narrower markets, limited financial resources and less liquid stock. The Fund invests in foreign securities through the use of ADRs. Foreign investments involve additional risks, including currency fluctuations, political instability, differences in financial reporting standards and less stringent regulation of securities markets. Emerging market countries involve greater risks, such as immature economic structures, national policies restricting investments by foreigners, and different legal systems. The Fund will typically invest in the securities of fewer issuers. If the Fund's portfolio is over weighted in a sector, any negative development affecting that sector will have a greater impact on the Fund than a fund that is not over weighted in that sector.
The Russell 3000 Growth® Index measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. An investor cannot invest directly in an index. The S&P 500® Index includes 500 industry leading companies measuring the performance of the large-cap U.S. equity universe.
The Fund is distributed by IMST Distributors, LLC. Riverbridge mutual funds may be offered only to persons in the United States and its territories, and by way of a prospectus. This web site should not be considered a solicitation or offering of any Riverbridge mutual fund to investors residing outside the United States or its territories. Not FDIC insured. No bank guarantee. May lose value.
*For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating (trademark). based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year Morningstar Rating metrics. © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.