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Our Difference: The Meritage Growth Equity Fund

The investment strategy has no preconceived bias regarding sectors or industries, enabling ownership of attractive investments which may be absent from other growth strategies.

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Overview
  • Seeks long-term growth of capital.
  • Focuses on valuation and cash flow metrics, which manages the risk of being too momentum driven.

  • The search for attractive growth investments is not unduly constrained by benchmark or arbitrary sector, market-cap or geographic parameters. Up to 35% of the Fund’s assets may be invested in companies outside the U.S.

  • The Meritage investment team has been managing assets for institutions and individuals in separately managed accounts for over 10 years, using this specific strategy.

Investment Strategy

  • The investment team focuses on adding value through bottom-up security selection.
  • The search for mispriced securities is driven by the Advisor’s proprietary quantitative process.
  • A universe of 6,500 U.S. and non-U.S. stocks is screened, ranked and scored using a proprietary, multi-factor model.
  • The 200 most attractively ranked companies are further evaluated from a qualitative standpoint.
  • The Advisor emphasizes “optimal diversification” in constructing the portfolio, which is the Fund manager’s concept of being concentrated enough to generate attractive excess returns yet diversified enough to control risk. The resulting portfolio will typically be invested in 45 – 60 companies.

Small-Cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

Diversification does not ensure a profit or guarantee against loss.

The Fund is subject to the risks associated with its investments in emerging market securities, which tend to be more volatile and less liquid than securities traded in developed countries.

Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implications and the overall objectives between separately managed accounts and mutual funds before investing. Past performance of the strategy/separately managed account is not indicative of future performance of the fund.

Foreign investments, including ADRs, are subject to sovereign risk and may be adversely affected by changes in currency exchange rates, future political and economic developments, and the possible imposition of exchange controls or other foreign governmental laws or restrictions.

 


 

 



Meritage
Funds
Value Equity Fund
Growth Equity Fund
Yield-Focus Equity Fund
Fund Information
Fact sheet
 
Portfolio Management Team
Leonard C. Mitchell, CFA® Lead Portfolio Manager

Clint W. Anderson, CFA®

Sharon L. Divine, CFA®

John M. Wallis, CFA®

Fund Facts
Ticker MPGEX

CUSIP 14064D204

Inception 12/20/2013

Min. Iniitial Inv. $2,500

Subsequent Inv. $100

Expense Ratio 1.28% net
  1.88% gross

 

 





7500 College Blvd., Suite 1212, Overland Park KS 66210, Tel 913-345-7000. © Meritage Funds. All rights reserved.

Past performance is no guarantee of future results. The investment return and principal value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Meritage Mutual Funds. This and other important information about the Funds is contained in the Prospectus, which can be obtained by calling Shareholder Services at (855) 261-0104. The Prospectus should be read carefully before investing.

Distributed by Unified Financial Securities, LLC. (Member, FINRA)