The YCG Enhanced Fund (YCGEX) seeks to achieve high risk-adjusted returns using a concentrated, long-term approach. We search for securities that are trading at prices that we believe will produce attractive long-term compound annualized returns with reasonable investment risk. Generally, we gravitate towards high quality businesses that are low in capital intensity and cyclicality and that are managed with shareholders in mind. The Fund may also write put options and covered call options on a substantial portion of the Fund's long equity portfolio with the goal of generating additional income and to enter and exit positions. The Fund will not use this strategy as a means of generating implicit leverage. In other words, if all put options were to be exercised, the Fund will generally have enough cash on hand to purchase the assigned shares.
The Fund’s investment adviser is YCG, LLC (“YCG”). YCG is an investment advisory firm based in Austin, Texas. In addition to serving as the investment adviser to the YCG Enhanced Fund, YCG offers professional investment management services to individuals, investment advisers, and institutions through separate account management. YCG is wholly owned by its Principals Brian Yacktman (President , Chief Investment Officer, and Portfolio Manager), Will Kruger (Senior Vice President and Chief Executive Officer), and Elliott Savage (Senior Vice President and Portfolio Manager).
Holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Click here for holdings. Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history, without adjustment for sales loads. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The YCGEX Fund was rated against the following numbers of Large Blend Funds over the following time periods as of 6/30/2019: 1339 funds overall, 1157 funds in the last three years, and 1029 funds in the last five years. With respect to these Large Blend Funds, YCGEX Fund received a Morningstar Rating of 5 stars, 5 stars and 5 stars for the overall, three-, and five- year periods, respectively.
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Russell 2000 Index - is an index measuring the performance of approximately 2,000 smallest-cap American companies.
Past performance does not guarantee future results. Index performance is not indicative of fund performance. To obtain fund performance click here.
- We invest alongside you
- We focus on risk-adjusted forward rates of return
- We employ a distinctive "option enhancement" component
- We seek high quality businesses
- We implement a concentrated investment approach
- We invest for the long-term