The Fund

The Fund | Holdings

The Ensemble Fund is committed to providing our investors with high levels of transparency into our investment process and holdings. This commitment is based on our belief that investors who understand what they own are better able to make smart decisions regarding buying, holding and selling.

While we are only obligated to report our holdings within approximately 60 days after each fiscal quarter end, we routinely update our holdings on a monthly basis. We reserve the right to delay updating our holdings if we believe that doing so is not in the best interest of our investors.

Holdings as of January 31, 2017

BR Broadridge Financial Solutions, Inc. 7.2%
LB L Brands, Inc. 7.1%
TDG TransDigm Group, Inc. 7.0%
MA MasterCard, Inc. Class-A 7.0%
PAYX Paychex, Inc. 6.8%
ABCO Advisory Board Co. 5.6%
FAF First American Financial Corp. 4.8%
SCHW Schwab Charles Corp. 4.8%
LSTR Landstar Systems, Inc. 4.7%
AAPL Apple, Inc. 4.7%
DNOW Now, Inc. 4.5%
FRC First Republic Bank 4.4%
ST Sensata Technologies Holding NV 4.4%
DISCA Discovery Communications, Inc. Class-A 4.4%
GOOGL Alphabet, Inc. Class-A 4.3%
PEP PepsiCo, Inc. 4.0%
ORCL Oracle Corp. 3.2%
NOV National Oilwell Varco, Inc. 2.9%
TIF Tiffany & Co. 2.5%
CERN Cerner Corp. 2.4%
NKE Nike, Inc. 2.1%
INTC Intel Corp. 0.3%
Net Cash * 0.9%

*Represents cash equivalents and other assets less liabilities.