Olstein All Cap Value Fund
Highlights & Facts
Emphasizes investments in the undervalued equity securities of companies with discernible financial strength, unique business fundamentals, a competitive edge and an ability to generate free cash flow.
Investment Process Highlights
- Analysis focuses on how a company's operations generate sustainable free cash flow; how much of that cash is available to investors and the level of ongoing investment required to maintain and grow free cash flow.
- Valuations based on free cash flow. Reliable valuations require: determining if a company's accounting policies reflect business reality; assessing a company's Quality of Earnings; accounting adjustments to eliminate management bias; and identifying positive or negative factors that may affect future free cash flow.
- Forensic analysis of financial statements reveals the success of a company's strategy, sustainability of its performance and impact of management decisions on future cash flow and is more useful to an investor than management forecasts or earnings guidance.
Fund Facts
| As of September 30, 2024 | Advisor Class | Class A | Class C |
|---|---|---|---|
| Ticker Symbol | OFAFX | OFAVX | OFALX |
| CUSIP | 56167N621 | 56167N563 | 56167N613 |
| Inception Date | 9/21/1999 | 9/17/2018 | 9/21/1995 |
| Expense Ratio | 1.17% | 1.42% | 2.17% |
| NAV (9/30/24) | $29.77 | $29.39 | $20.62 |
| Minimum Initial Investment | $1,000 | $1,000 | $1,000 |
| Maximum Initial Sales Load | None | 5.50% | None |
| Maximum CDSC | None | None1 | 1.00%2 |
| Redemption Fees | None | None | None |
1. Purchases of $1MM or more, or purchases into account(s) with accumulated value of $1MM or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of purchase.
2. There is no CDSC if you redeem Class C shares more than one year after purchase. The CDSC may be waived under certain circumstances. Please refer to the Prospectus for more information.
Portfolio Statistics
| Portfolio Holdings | 79 |
| Annualized Portfolio Turnover | 32.35% |
| Net Assets | $568.54 million |
| Weighted Average Market Cap | $159.79 billion |
| Market Cap Breakdown (% of equity) Mega Cap (>$100Bn) Large Cap (>$10Bn - $100Bn) Mid Cap (>$2Bn - $10Bn) Small Cap ($200MM - $2Bn) |
25.66% 57.92% 14.14% 2.28% |
Top Ten Holdings
| Walt Disney Co | 2.93% |
| United Parcel Service Inc CL B | 2.06% |
| Baxter International Inc | 2.03% |
| CVS Caremark Corp | 2.01% |
| Schlumberger Limited | 1.98% |
| Sensata Technologies Holding plc | 1.93% |
| Johnson & Johnson | 1.92% |
| Corteva Inc | 1.86% |
| Omnicon Group Inc |
1.79% |
| Becton, Dickinson and Company |
1.78% |
| Top Ten Holdings Total | 20.29% |
Top Five Sectors
| Industrials | 26.91% |
| Health Care | 17.49% |
| Financials | 16.84% |
| Consumer Discretionary | 9.00% |
| Information Technology | 8.53% |
| Top Five Sectors Total | 78.77% |
The Fund is actively managed and may not meet its investment objective or may underperform the market. Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies. Value stocks may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock's value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated. Investing in foreign companies typically involves more risks than investing in U.S. companies which can increase the potential for losses and may include risks related to currency exchange rate fluctuations, country or government specific issues, unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility.