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| Fund Overview | The manager follows a disciplined, process-driven, and thematic strategy focused on five core investment strategies: 1) Growth stocks that are really value stocks; 2) Traditional deep value; 3) The life sciences; 4) Miners and drillers expanding production into supply deficits; 5) Global special situations; The manager uses a macro overlay to manage exposure, hedging in three ways: 1) Direct shorts 2) Upside exposure to the VIX index 3) Index optionality |
| Manager Comments | In July, Frazis added to positions in Disney and digital health providers which they expect to benefit from a coronavirus vaccine, while also examining every other company in the portfolio. Frazis noted the five-year outlook for the portfolio holdings is stronger than ever, therefore they have left most of the portfolio unchanged. The top four contributors for the month included Afterpay, Carvana, Tesla and Livongo. |
| More Information |
