Growth Fund - Chase Investments

About

The Chase Growth Fund is an all-cap mutual fund managed by Chase Investment Counsel and is available to individual and institutional investors. The purpose of the Fund is to provide a sound investment in an investor’s long-term financial plan. See the Fund’s prospectus here.

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Objective

The Fund’s investment objective is to achieve growth of capital.

Investment Strategy

The Fund’s adviser, Chase Investment Counsel Corporation, seeks high quality growth companies of any size market capitalization that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years.

Our team then subjects that list of companies to further analysis. Factors that are part of that analysis include:

Positive earnings revisions/surprises

Strong relative price performance

Improving profitability

Companies that meet these additional criteria are placed on a smaller list of stocks suitable for inclusion in the growth fund portfolio, depending on their pricing. The Fund typically holds 30-45 stocks diversified by sector and industry groups.

Fund Facts

Ticker

Retail (N) Class: CHASX
Institutional (I) Class: CHAIX

Cusip

Retail (N) Class: 007989809 / 5626-TA
Institutional (I) Class: 007989395 / 5626-TA

Inception

Retail (N) Class: 12/2/1997
Institutional (I) Class: 1/29/2007

Minimum Investment

Retail (N) Class: $2,000
Institutional (I) Class: $500,000

Performance

Quarter End Performance

As of 9/30/2024
Returns are annualized for periods longer than 1 year.

	1 Year	3 Year	5 Year	10 Year	Inception
Chase I (CHAIX)	50.23%	12.62%	15.25%	12.61%	10.05% (1/29/2007)
Chase N (CHASX)	50.12%	12.51%	15.14%	12.46%	9.18% (12/2/1997)
Lipper Multi Cap Growth Fund Index	36.58%	3.76%	14.33%	12.67%	8.39% (12/2/1997) 10.34% (1/29/2007)
S&P 500 TR	36.35%	11.91%	15.98%	13.38%	8.84% (12/2/1997) 10.41% (1/29/2007)

Month End Performance

As of 10/31/2024
Returns are annualized for periods longer than 1 year.

	1 Month	1 Year	3 Year	5 Year	10 Year	Inception
Chase I (CHAIX)	1.02%	53.12%	10.65%	15.34%	12.42%	10.06%
Chase N (CHASX)	0.98%	52.92%	10.53%	15.23%	12.28%	9.19%
Lipper Multi Cap Growth Fund Index	0.15%	42.28%	1.27%	13.81%	12.37%	8.37% (12/2/1997) 10.30% (1/29/2007)
S&P 500 TR	-0.91%	38.02%	9.08%	15.27%	13.00%	8.78% (12/2/1997) 10.30% (1/29/2007)

Daily Performance

As of 11/19/2024
Returns are annualized for periods longer than 1 year.

Fund Ticker	NAV	NAV Change Percentage	MTD Percentage	QTD Percentage	YTD Percentage	Since Inception
CHASX	17.31	0.93%	5.29%	6.33%	40.39%	9.38%
CHAIX	18.78	0.91%	5.27%	6.34%	40.57%	10.34%

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. The current performance of the Fund may be lower or higher than the performance quoted. The most recent month-end performance may be obtained by calling 888-861-7556.

N Shares: inception 12/2/97; expense ratio 1.40% (gross); 1.15% (net)*. Institutional shares inception 1/29/2007; expense ratio 1.25% (gross); 1.00% (net)*

*Shareholders pay the net expense ratio. Chase Investment Counsel Corporation (the “Adviser”) has contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding AFFE, taxes, interest expenses, dividends on securities sold short, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees, and any other class-specific expenses) to 0.99% of average daily net assets of the Fund (the “Expense Cap”). The Expense Cap will remain in effect through at least January 28, 2025, and may be terminated only by the Trust’s Board of Trustees (the “Board”). The Adviser may request recoupment of previously waived fees and paid expenses from the Fund for 36 months from the date they were waived or paid, subject to the Expense Cap, at the time such amounts were waived or at the time of recoupment, whichever is lower.

The Lipper Multi-Cap Growth Funds Index measures performance of the 30 largest multi-cap growth funds that invest in a variety of capitalization ranges, without concentrating 75% or more of their equity assets in any one market capitalization range over an extended period of time.

The S&P 500 Index tracks the stocks of 500 U.S. companies. You cannot invest directly in an index.

Earnings growth is not representative of the Fund’s future performance.

Top Ten Holdings as of 9/30/24

Nvidia Corporation	4.6%
Meta Platforms Inc	4.2%
Amazon Com Inc	4.1%
Apple Inc	3.4%
Bank of New York Mellon Corp	3.2%
EBAY Inc	3.0%
Gen Digital Inc	3.0%
Houlihan Lokey Inc	3.0%
Microsoft Corp	3.0%
T-Mobile US Inc	2.9%

Weighted Avg Mkt Cap (Bil)	$615.6

Click here for the Fund’s most recent quarter-end complete holdings list.

Sector Diversification as of 9/30/24

Consumer Disc	13.0%
Consumer Staples	0.0%
Energy	0.0%
Financials	21.3%
Health Care	13.2%
Industrials	12.9%
Materials	0.0%
Real Estate	1.6%
Technology	25.9%
Communication Services	9.2%
Utilities	0.0%
Cash	2.9%
Total Fund Assets (Mil)	$87

Distribution History

Ex Date	Per Share Income ($)	Per Share Short-Term Capital Gain ($)	Per Share Long-Term Capital Gain ($)
12/18/08	0.03674076	0.0000	0.0000
12/17/09	0.0000	0.0000	0.0000
12/20/10	0.0000	0.0000	0.0000
12/15/11	0.0000	0.0000	0.25604
12/17/12	0.06710648	0.04819	5.87430
12/16/13	0.0000	0.059617	3.34686
12/16/14	0.0000	0.062835	1.87987
12/08/15	0.0000	0.0000	1.25527
12/12/16	0.0000	0.0000	1.05392
12/12/17	0.0000	0.0000	1.52786
12/11/18	0.0000	0.01487	1.40146
12/11/19	0.0000	0.0000	1.40804
12/8/20	0.0000	0.02746	1.03096
12/10/21	0.0000	0.66189	2.10503
12/14/22	0.00000	0.00000	0.56953
12/12/23	0.00000	0.02676	0.68871
12/10/24*	0.00000	0.26106	2.62261