Ensemble Capital Management, LLC is the advisor to the Ensemble Fund. Since 1997, Ensemble Capital has been building focused portfolios to help our clients preserve their success and enhance their future. The firm currently manages approximately $1.64 billion on behalf of private clients, charitable institutions, and the Ensemble Fund.
Over almost two decades of investing, we have learned that the key to success is owning investments in which you have a high degree of conviction. All good investment opportunities will go through challenging periods and it is during these times that an investor’s convictions are tested. While mistakes must be recognized when they occur, challenging times are often an important source of potential outperformance. Sticking with your investments during tough times and making new ones as they emerge is one of the most important principals of long-term investment success.
In our work with private clients, we have come to believe that it is not enough for investment managers to have conviction in their portfolio positions. Clients must also have conviction in the investment manager and the investment process. Therefore, one of our core principals in managing the Ensemble Fund is providing investors with far more transparency into our process and holdings than the typical mutual fund. Our goal is not just to produce high rates of return for the Fund, but to help our investors maximize their personal returns by helping them maintain conviction during the inevitable challenging times that are sure to arise.
Ensemble Capital Management, LLC is a boutique, 100% employee owned company located in Burlingame, CA, midway between San Francisco and Silicon Valley. Ensemble Capital’s president and chief investment officer Sean Stannard-Stockton, CFA is the portfolio manager of the Ensemble Fund.
Investors should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. You may obtain a prospectus on this website or by calling the transfer agent at 1-800-785-8165. The prospectus should be read carefully before investing.
Important Risk Information
An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its objectives. The Fund invests in common stocks which subjects investors to market risk. The Fund invests in small and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility. The Fund invests in undervalued securities. Undervalued securities are, by definition, out of favor with investors, and there is no way to predict when, if ever, the securities may return to favor. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. More information about these risks and other risks can be found in the Fund’s prospectus. The Fund is a non-diversified fund and therefore may be subject to greater volatility than a more diversified investment.
Distributed by Rafferty Capital Markets, LLC Garden City, NY 11530.