Opportunistic Alpha Fund

Through deep fundamental analysis, we invest in what we believe are mispriced business models, unconstrained by sector and with flexibility across market cap


USD 22.26
As of 10/23/2020

1-Day Change
USD 0.19 (0.86%)
As of 10/23/2020



The Fund aims to provide capital growth over the long term.
Performance target: To outperform the S&P 500 Index by at least 2% per annum, before the deduction of charges, over any 5 year period.


The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in the United States.
The Fund may also invest in other assets including companies outside the United States, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the S&P 500 Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s performance target. The investment manager has a high degree of freedom to exercise conviction, which may result in a high degree of bias within the portfolio. The Fund may hold companies which are not within the index.


The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.


  • Invests with conviction in companies where the market misunderstands the business models, assets, or growth potential
  • Uses the best ideas of our research team to identify stocks at a discount across style, sector, and market cap
  • Expresses differentiated views by applying independent thinking
Past performance is not a guide to future performance. 


Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.


Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 09/30/2020
A1 USD S&P 500 Index
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
14.83% 6.53% 14.87% 9.00% 4.02%
S&P 500 Index 15.15% 4.25% 17.91% 18.61% 15.43%
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
17.70% 9.19% 17.71% 11.60% 6.49%
S&P 500 TR + 2.00% 17.46% 6.35% 20.26% 20.97% 17.74%
Cumulative & Annualised Performance (%)
As of 09/30/2020
A1 USD (Net) S&P 500 Index
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A1 USD (Net) -0.91% 5.05% 14.83% 12.00% 9.76% 7.41% 5.87%
S&P 500 Index -3.80% 5.57% 15.15% 12.28% 14.14% 13.74% 9.60%
3YR 5YR 10YR Since Inception
A1 USD (Gross) - 12.44% 9.94% 8.35%
S&P 500 TR + 2.00% - 16.42% 16.02% 11.79%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2020)
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 06/30/2020)


Top Holdings (As of 09/30/2020)
Crown Holdings Inc 6.78
VICI Properties Inc 5.44
Horizon Therapeutics Plc 4.79
T-Mobile US Inc 4.48
Marvell Technology Group Ltd 4.46
Total 25.95
Sector Allocation % OF FUND % OF FUND (As of 09/30/2020)
Consumer Discretionary 17.05
Health Care 16.47
Communication Services 12.90
Materials 12.87
Information Technology 11.51
Industrials 6.96
Financials 6.52
Utilities 6.31
Real Estate 5.44
Consumer Staples 1.43
Equity Other 0.68
US Industrials 1.47
Cash & Equivalents 0.39
Regional Allocations % OF FUND % OF FUND (As of September 30, 2020)
North America 97.69
Europe 1.92
Cash & Equivalents 0.39


  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.