The LS Opportunity Fund (LSOFX), sub-advised by Prospector Partners, is a traditional Long-Short Equity strategy that pursues a fundamental, bottom-up, value investment approach. The Fund's Portfolio Management team seeks to achieve capital growth during periods of rising or stable stock prices and capital preservation during periods of declining stock prices.
The LS Opportunity Fund received a 4-Star Overall Morningstar® Rating as of September 30, 2020. The Fund was rated against the following numbers of Morningstar® rated funds in the US Long-Short Equity category over the following time periods:182 in the last 3 years, 139 in the last 5 years and 42 in the last 10 years. The LS Opportunity Fund received a 4-Star rating overall, a 3-Star rating for 3 years, a 4-Star rating for 5 years. and 4-Star rating for 10 years.
About the Sub-Advisor
Prospector Partners, LLC, became the Sub-Advisor to LSOFX in May 2005 and has been operating a traditional hedge fund with a similar investment objective since 1997.
The Prospector Partners' team has been together for over 20 years has invested through several cycles, including the 2000s tech bubble and the 2008 financial crisis.
John D. Gillespie
M.B.A. – Stanford University
B.A. – Bates College
Kevin R. O’Brien
Chartered Financial Analyst
B.A. – Central Connecticut State
Jason A. Kish
Chartered Financial Analyst
Certified Public Accountant
B.S. B.A. – Providence College
B.S. – Central Connecticut State
as of 09/30/2020
Trailing annualized returns (%) as of the most recent month-end. Click on the link to the Fund Fact Sheet below to view standardized performance as of most recent quarter-end. Inception date for the LS Opportunity Fund is 09/29/2010.
The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. The Fund’s Gross Expense Ratio is 3.13%. The Net Expense Ratio is 2.91%. The Expense Cap is 1.95%. The Adviser has contractually agreed to waive or limit its fees and to assume other expenses of the Fund until September 30, 2020 so that the ratio of total annual operating expenses (not including interest, taxes, brokerage commissions, other expenditures which are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of business, dividend expenses on short sales, expenses incurred under a Rule 12b-1 plan, acquired fund fees and expenses and expenses that the Fund incurred but did not actually pay because of an expense offset arrangement) does not exceed 1.95%. Performance data current to the most recent month end may be obtained by calling 1.877.336.6763.