Fund Facts

# of Holdings

26

Net AUM

$31.6M

Primary Benchmark

S&P 500 Index

Oldest Share Class Inception

9/6/2007

A Performance-Oriented ESG Growth Strategy

The Cromwell Tran Sustainable Focus Fund is a high-conviction, performance-oriented concentrated equity portfolio comprised of 15-25 holdings. For the Fund, Tran Capital Management seeks high-quality companies with above-average growth and sustainable competitive advantages, purchased at what the portfolio managers believe to be attractive valuations at the time of investment.

GARP & ESG – It’s in Tran’s DNA

First and foremost, the Fund’s holdings need to have the characteristics and competitive advantages to produce superior returns over time. Then an extensive environmental, social and corporate governance (ESG) evaluation is applied. A company’s proactive ESG orientation is often an indicator of sustainable long-term growth potential and aids in effective risk management. Given its concentrated approach, Tran Capital can critically analyze each company’s business and chart their ESG progress.

Reasons to Invest

  1. 1

    Sustainable Growth at Attractive Prices

    The portfolio managers scour the universe for exceptionally managed, well-run companies that offer long-term growth potential, purchased at what are considered to be reasonable prices.
  2. 2

    ESG-Oriented Strategy

    An extensive ESG evaluation is applied to each company. With its concentrated approach, each company’s business is critically analyzed for their ESG progress.
  3. 3

    High Conviction, High Active Share

    The actively managed Fund is focused on a concentrated number of companies, between 15-25 holdings. As such, the Fund can serve as a high-conviction, alpha-generating complement to a core equity strategy.

Fund Performance (%)

As of 1/31/24

Class MTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception
Institutional Class 0.59 0.59 15.33 1.42 10.84 8.83 8.14
Investor Class 0.50 0.50 14.91 1.11 10.57 8.55 7.86
S&P 500 Index 1.68 1.68 20.82 10.99 14.30 12.62 9.68

As of 12/31/23

Class QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception
Institutional Class 16.03 26.03 26.03 0.79 13.47 8.39 8.14
Investor Class 16.09 25.73 25.73 0.53 13.19 8.12 7.87
S&P 500 Index 11.69 26.29 26.29 10.00 15.69 12.03 9.62

Expense Ratios (gross/net): Institutional 1.37%/0.85%, Investor 1.62%/1.10%

Hypothetical Growth of $10,000 As of 12/31/23

Value of $10,000 invested between 12/31/2022 and 12/31/2023

Share Class Value
Institutional Class (LIMIX) $12,603

Value of $10,000 invested between 12/31/2020 and 12/31/2023

Share Class Value
Institutional Class (LIMIX) $10,240

Value of $10,000 invested between 12/31/2018 and 12/31/2023

Share Class Value
Institutional Class (LIMIX) $18,812

Value of $10,000 invested between 12/31/2013 and 12/31/2023

Share Class Value
Institutional Class (LIMIX) $22,382

Value of $10,000 invested between 9/6/2007 and 12/31/2023

Share Class Value
Institutional Class (LIMIX) $35,866

The Fund’s Investment Manager has contractually agreed to limit fund operating expenses through 8/8/24. Please refer to the prospectus for detailed information.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 855.625.7333 or visit thecromwellfunds.com.

Effective at the close of business on 8/5/22, the Tran Capital Focused Fund (the Predecessor Fund), reorganized into the Fund. Performance shown prior to the close of business on 8/5/22, is that of the Predecessor Fund. Returns of the Investor Class and Institutional Class shares shown in the table below reflect the returns of Classes A and I, respectively of the Predecessor Fund. Additionally, the Fund has adopted the Financial Statements of the Predecessor Fund. The Predecessor Fund had the same investment objectives, strategies and portfolio management team as the Fund as of the date of the reorganization.

Portfolio As of 12/31/23

Sector Weightings

Sector Exposure
Information Technology 24.0%
Materials 13.3%
Industrials 12.9%
Communication Services 12.6%
Consumer Discretionary 12.2%
Health Care 11.4%
Financials 7.9%
Energy 3.0%
Real Estate 2.5%

Top 10 Holdings

Holding Percent
Microsoft Corp. 6.8%
Amazon.com, Inc. 6.7%
Danaher Corp. 5.7%
Alphabet, Inc. 5.7%
Ferguson PLC 5.2%
Ball Corp. 5.1%
AerCap Holdings 5.0%
Sherwin-Williams Co. 4.9%
Entegres, Inc. 4.8%
T-Mobile US, Inc. 4.3%
Total 54.2%