• Top Holdings

    As of June 30, 2021
    Top 10 Holdings represent 33.8% of Total Net Assets.
    Please see the ‘Related Documents’ section for a full list of the Fund’s portfolio holdings as of the most recent quarter end.
  • Portfolio Structure

    As of June 30, 2021
  • Top Sectors

    As of June 30, 2021

As of June 30, 2021. Totals may not add up due to rounding. Portfolio Characteristics are shown for the Investor Class shares.

"Top Holdings" and "Top Sectors" refer to the largest positions and sectors in the portfolio. The ‘Top Holdings’ percentage weights are the market value of each holding divided by the total net assets of the Fund. Sector classification scheme reflects GICS (Global Industry Classification Standard). Portfolio composition will change due to ongoing management of the Fund. References to individual securities or sectors are for informational purposes only and should not be construed as recommendations by the Fund, the Advisor or the distributor.

The portfolio characteristics shown reflect the characteristics of the Fund when Bragg Financial Advisors, Inc. ("BFA") served as investment adviser of the Fund. Effective November 1, 2020, FPA became the investment adviser of the Fund and BFA transitioned to serving as the sub-adviser. BFA continues to be responsible for the day-to-day management of the Fund, subject to FPA's oversight. No changes to the Fund's principal investment strategies were made in connection with these changes in management of the Fund, and Steve Scruggs, CFA, Director of Research and Senior Portfolio Manager for BFA, continues to serve as the portfolio manager for the Fund.