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Port Street Quality Growth Fund
mutual fund
PSQGX
Payout Change
Pending
Price as of:
$18.07
+0.08
+0.44%
primary theme
U.S. Balanced Allocation
share class
PSQGX (Mutual Fund)
Port Street Quality Growth Fund
Payout Change
Pending
Price as of:
$18.07
+0.08
+0.44%
primary theme
U.S. Balanced Allocation
share class
PSQGX (Mutual Fund)
Port Street Quality Growth Fund
Payout Change
Pending
Price as of:
$18.07
+0.08
+0.44%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.6%
1 yr return
11.7%
3 Yr Avg Return
4.5%
5 Yr Avg Return
6.9%
Net Assets
$209 M
Holdings in Top 10
52.3%
52 WEEK LOW AND HIGH
$18.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PSQGX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 4.5%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePort Street Quality Growth Fund
-
Fund Family NamePort Street Investments
-
Inception DateMar 31, 2014
-
Shares Outstanding12839484
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGraham Pierce
Fund Description
The Fund’s approach to investing focuses on those companies that can be purchased at market prices below their fair value with a record of consistent, above average profit growth; strong balance sheets; sustainable competitive advantages; and capable management. The source of such growth is persistently above average profitability, which, when combined with a sensible policy relating to the payout of such profits and intelligent re-investment, results in the compounding of retained earnings and long-term growth. The Fund’s investment strategy is designed to grow purchasing power in excess of inflation and outperform the general market over time while mitigating losses during periods of economic adversity.
Under normal market conditions, the Fund invests primarily in equity securities, including common stocks. Although the Fund invests in equity securities issued by companies of any capitalization, it focuses a greater portion of its investments in larger-capitalization (“larger cap”) companies, many of which generate income through dividend distributions as well as providing capital appreciation opportunities.
The Fund divides responsibility for investment management between the Adviser and Saratoga Research & Investment Management, an unaffiliated sub-adviser (the “Sub-Adviser” or “Saratoga”). As part of its services to the Fund, the Adviser evaluates and recommends professional investment managers to serve as sub-advisers, formulates and implements the Fund’s investment program, and oversees the management of the Fund’s investments by the Sub-Adviser. The Adviser maymake specific portfolio investments for the Fund’s portfolio if the Adviser allocates all or a portion of the Fund’s assets for its direct management. Subject to the Adviser’s oversight, the Sub-Adviser is primarily responsible for the day-to-day portfolio management of the Fund. The Fund, the Trust and the Adviser have obtained an exemptive order with respect to the Fund that permits the Fund to operate in a “manager of managers” structure whereby the Adviser, subject to certain conditions, can hire new sub-advisers for the Fund, and materially amend the terms of sub-advisory agreements with sub-advisers, each subject to Board approval but without obtaining prior shareholder approval. Consequently, under the exemptive order, the Adviser has the ultimate responsibility (subject to oversight by the Board) to oversee the sub-advisers and recommend their hiring, termination, and replacement. Within 90 days of retaining a new sub-adviser, shareholders of the Fund will receive notification of the change. The manager of managers structure enables the Fund to operate with greater efficiency and without incurring the expense and delays associated with obtaining shareholder approval of sub-advisory agreements. The structure does not permit investment advisory fees paid by the Fund to be increased or change the Adviser’s obligations under its investment advisory agreement with the Trust. Furthermore, any sub-advisory agreements with affiliates of the Fund or the Adviser will require shareholder approval.
In selecting securities for the Fund’s portfolio, the Sub-Adviser begins by performing a quantitative screen on a database of approximately 10,000 companies to identify those companies with a healthy balance sheet, not more than a moderate amount of leverage, a non-capital intensive business model, profitability, a propensity for above average profit margins, and management that has proven adept at allocating capital over time. This screen typically reduces the Fund’s investment universe to 150 to 200 companies.Due to the Adviser’s and Sub-Adviser’s investing approach, the Fund may hold a significant position in cash or cash equivalents (including, but not limited to, shares of money market funds) for an extended period of time, based on the Adviser’s and Sub-Adviser’s determination of the availability of high-quality companies trading at valuations that meet the Fund’s investment criteria and investment objective. The Adviser and Sub-Adviser will determine the Fund’s cash position using its quantitative screens and valuation analysis.
Subject to the Adviser’s investment oversight responsibilities, the Sub-Adviser studies the business models of the companies identified during the initial screen to better understand the drivers of each company’s performance. The Sub-Adviser then uses valuation analysis to establish target purchase prices for each company. The result of this process is a portfolio of 25 to 45 companies the Sub-Adviser believes are quality issuers that have the ability to grow future profits in excess of market averages and are priced at a discount to their intrinsic values.From time to time, the Fund may focus its investments in securities of companies in the same economic sector.
The Fund may also invest up to 25% of its total assets in American Depositary Receipts (“ADRs”), which are negotiable certificates issued by U.S. banks that represent a specified number of shares of a foreign stock that is traded on a U.S. exchange.
PSQGX - Performance
Return Ranking - Trailing
| Period | PSQGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | -2.7% | 72.6% | 48.16% |
| 1 Yr | 11.7% | -1.8% | 67.6% | 50.95% |
| 3 Yr | 4.5%* | -5.1% | 20.7% | 19.37% |
| 5 Yr | 6.9%* | -3.8% | 21.1% | 42.23% |
| 10 Yr | 6.9%* | 0.7% | 13.6% | 33.55% |
* Annualized
Return Ranking - Calendar
| Period | PSQGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.6% | -12.2% | 23.9% | 78.47% |
| 2022 | -10.8% | -34.7% | 2.8% | 6.15% |
| 2021 | 11.1% | -11.9% | 18.1% | 11.28% |
| 2020 | 7.2% | -20.9% | 39.7% | 55.02% |
| 2019 | 15.1% | 0.8% | 25.7% | 34.67% |
Total Return Ranking - Trailing
| Period | PSQGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | -2.7% | 72.6% | 48.16% |
| 1 Yr | 11.7% | -1.8% | 67.6% | 50.95% |
| 3 Yr | 4.5%* | -5.1% | 20.7% | 19.37% |
| 5 Yr | 6.9%* | -3.8% | 21.1% | 42.23% |
| 10 Yr | 6.9%* | 0.7% | 13.6% | 33.55% |
* Annualized
Total Return Ranking - Calendar
| Period | PSQGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -12.2% | 26.8% | 82.45% |
| 2022 | -8.7% | -29.0% | 10.9% | 9.90% |
| 2021 | 13.2% | -3.0% | 27.3% | 49.77% |
| 2020 | 9.2% | -19.5% | 40.6% | 75.73% |
| 2019 | 16.7% | 2.2% | 32.7% | 82.33% |
NAV & Total Return History
PSQGX - Holdings
Concentration Analysis
| PSQGX | Category Low | Category High | PSQGX % Rank | |
|---|---|---|---|---|
| Net Assets | 209 M | 861 K | 235 B | 76.72% |
| Number of Holdings | 31 | 2 | 16143 | 56.05% |
| Net Assets in Top 10 | 116 M | 859 K | 66.9 B | 75.96% |
| Weighting of Top 10 | 52.31% | 10.8% | 122.7% | 51.47% |
Top 10 Holdings
- United States Treasury Bill 7.40%
- United States Treasury Bill 6.71%
- United States Treasury Bill 5.79%
- RTX Corp 5.33%
- Alphabet Inc 5.03%
- Unilever PLC 4.76%
- Berkshire Hathaway Inc 4.56%
- Microsoft Corp 4.35%
- Walt Disney Co/The 4.21%
- Oracle Corp 4.17%
Asset Allocation
| Weighting | Return Low | Return High | PSQGX % Rank | |
|---|---|---|---|---|
| Stocks | 71.49% | 0.00% | 100.10% | 48.23% |
| Bonds | 23.45% | 0.00% | 77.71% | 43.36% |
| Cash | 5.06% | -7.92% | 100.00% | 21.39% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 47.20% |
| Other | 0.00% | -42.55% | 113.97% | 56.78% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 92.27% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSQGX % Rank | |
|---|---|---|---|---|
| Technology | 25.53% | 0.00% | 44.21% | 8.94% |
| Industrials | 17.33% | 0.00% | 24.37% | 2.83% |
| Healthcare | 16.44% | 0.00% | 29.35% | 14.31% |
| Consumer Defense | 11.37% | 0.00% | 15.14% | 4.02% |
| Communication Services | 9.36% | 0.00% | 38.10% | 12.67% |
| Consumer Cyclical | 9.16% | 0.00% | 19.36% | 59.31% |
| Financial Services | 7.57% | 0.00% | 38.77% | 93.14% |
| Basic Materials | 3.23% | 0.00% | 25.57% | 70.64% |
| Utilities | 0.00% | 0.00% | 99.55% | 94.34% |
| Real Estate | 0.00% | 0.00% | 65.01% | 96.27% |
| Energy | 0.00% | 0.00% | 85.65% | 95.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSQGX % Rank | |
|---|---|---|---|---|
| US | 71.49% | 0.00% | 100.10% | 46.61% |
| Non US | 0.00% | 0.00% | 42.80% | 49.12% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PSQGX % Rank | |
|---|---|---|---|---|
| Government | 36.62% | 0.00% | 97.26% | 30.61% |
| Derivative | 0.00% | -4.58% | 41.29% | 39.82% |
| Cash & Equivalents | 0.00% | 0.00% | 99.92% | 82.45% |
| Securitized | 0.00% | 0.00% | 92.13% | 91.23% |
| Corporate | 0.00% | 0.00% | 98.21% | 96.88% |
| Municipal | 0.00% | 0.00% | 24.80% | 75.48% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PSQGX % Rank | |
|---|---|---|---|---|
| US | 23.45% | 0.00% | 77.71% | 41.45% |
| Non US | 0.00% | 0.00% | 15.37% | 40.86% |
PSQGX - Expenses
Operational Fees
| PSQGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.13% | 0.03% | 27.98% | 38.42% |
| Management Fee | 0.85% | 0.00% | 1.83% | 92.53% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| PSQGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PSQGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PSQGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 0.83% | 343.00% | 7.41% |
PSQGX - Distributions
Dividend Yield Analysis
| PSQGX | Category Low | Category High | PSQGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.44% | 0.00% | 17.90% | 18.30% |
Dividend Distribution Analysis
| PSQGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PSQGX | Category Low | Category High | PSQGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | -2.34% | 13.92% | 91.89% |
Capital Gain Distribution Analysis
| PSQGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.258 | OrdinaryDividend |
| Dec 27, 2023 | $0.018 | CapitalGainShortTerm |
| Dec 27, 2023 | $0.352 | CapitalGainLongTerm |
| Dec 27, 2022 | $0.352 | OrdinaryDividend |
| Dec 28, 2021 | $0.327 | OrdinaryDividend |
| Dec 28, 2020 | $0.288 | OrdinaryDividend |
| Dec 27, 2019 | $0.112 | OrdinaryDividend |
| Dec 27, 2019 | $0.023 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.064 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.008 | CapitalGainShortTerm |
| Dec 28, 2018 | $0.131 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.073 | OrdinaryDividend |
| Dec 28, 2017 | $0.005 | CapitalGainShortTerm |
| Dec 28, 2017 | $0.045 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.018 | OrdinaryDividend |
| Dec 29, 2016 | $0.008 | CapitalGainShortTerm |
| Dec 29, 2016 | $0.058 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.002 | OrdinaryDividend |
| Dec 22, 2015 | $0.001 | OrdinaryDividend |
| Dec 22, 2015 | $0.020 | CapitalGainShortTerm |
| Dec 22, 2015 | $0.004 | CapitalGainLongTerm |
PSQGX - Fund Manager Analysis
Managers
Graham Pierce
Start Date
Tenure
Tenure Rank
Mar 31, 2014
8.17
8.2%
Mr. Pierce is the Chief Executive Officer of the Port Street Investments, LLC since its founding in 2013. He is also with Beacon Pointe since 2006. From 2008 to 2010, he was a Senior Vice President and in 2010, he assumed the roles of Managing Director and a member of both the board of directors and the investment committee. Mr. Pierce oversees private client services for Beacon Pointe and manages other strategic initiatives related to that firm. In addition, he is employed part time as a professor at the Merage School of Business at the University of California Irvine. Mr. Pierce has a BA from the University of Virginia and an MBA from UCLA Anderson School of Business.
Kevin Tanner
Start Date
Tenure
Tenure Rank
Mar 31, 2014
8.17
8.2%
Kevin Tanner is founder, president, CEO and chief investment officer of Saratoga Research & Investment Management. He has worked as a professional money manager for more than a quarter century. Prior to establishing the firm, Mr. Tanner was a senior portfolio manager and a senior vice president with Prudential Securities and Smith Barney. Mr. Tanner is the leader of the firm and has final say on all managerial and investment decisions. In 1995, Mr. Tanner founded Tanner & Associates Asset Management, which was renamed Saratoga Research & Investment Management in 2007. Over the past seventeen years he built and tailored SaratogaRIM to execute the firm’s investment process. Investing remains one of Mr. Tanner’s abiding passions in life. Mr. Tanner earned his BS degree in economics from Santa Clara University, where he also played nose guard under the legendary football coach Pat Malley.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
