Critical Thinking Company Mathematical Reasoning Level C Answers

Address And Details

4500 Main St. , Kansas City, MO 64111
Fund Manager	Steven Rossi
Manager Tenure	4 Years 9 Months

Strategy And Objective

The fund seeks long-term capital growth by investing primarily in common stocks of small companies. Under normal market conditions, the fund will invest at least 80% of its net assets in stocks of smaller-capitalization U.S. companies. The portfolio managers consider small companies to be those that, at the time of investment, have a market capitalization not greater than that of the largest company in the Russell 2000 Index. Though the market-capitalization and composition of the Russell 2000 Index are subject to change, as of September 30, 2020, the market-capitalization of the largest company in the Russell 2000 Index was approximately $10.0 billion. The portfolio managers use quantitative and qualitative management techniques in a multi-step process. First, the managers rank stocks, primarily smaller U.S. companies, from most attractive to least attractive based on an objective set of measures, including valuation, quality, growth, and sentiment. Second, the portfolio managers use a quantitative model to build a portfolio of stocks from the ranking described above that they believe will provide the optimal balance between risk and expected return. Finally, the portfolio managers review the output of the quantitative model, considering factors such as risk management, transaction costs, and liquidity management. The fund may invest in equity securities issued by real estate investment trusts (REITs). The portfolio managers generally sell a stock when they believe it has become less attractive relative to other opportunities, its risk characteristics outweigh its return opportunity or specific events alter its prospects. The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.

Net Asset Value

Performance

1 Week
-0.76%

1 Month
+2.70%

3 Months
+5.98%

1 Yr Return
+30.85%

5 Yr Return
+33.33%

Equity Sector Breakdown

	IndustrialCyclical	14.52%
	Technology	13.40%
	Finance	11.44%
	Services	10.39%
	Health	9.98%
	RetailTrade	9.59%
	ConsumerDurables	6.56%
	NonDurables	4.88%
	Energy	2.71%
	Utilities	0.59%

Asset Allocation

Asset Type		% Of Allocation
	Stocks	95.98%
	ForeignStocks	0.12%
	Cash	0.00%
	Bonds	0.00%
	Preferred	0.00%
	Convertible	0.00%
	Other	0.00%
	ForeignBonds	0.00%
	ForeignHedged	0.00%

Total Net Assets		790.00 K

Risk Measures

Criteria	3 Years	5 Years	10 Years
Alpha	-9.43	-8.27	-6.69
Beta	1.20	1.20	1.19
R Squared	0.82	0.77	0.76
Std Deviation	24.54	21.11	17.82
Sharpe Ratio	0.63	0.63	n/a

Purchase Information

as of 5:30 PM ET 11/23/2021

Minimum Initial	$2500
Minimum Additional	$50
Minimum Initial IRA	$1000

Performance

Timeframe	Average Annual Current Performance Monthly As Of 10/31/2021	Average Annual Current Performance Quarterly As Of 09/30/2021	Avg Annual Current Performance Monthly As Of 10/31/2021	Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year	+50.00%	+45.82%	+50.00%	+45.82%
3 Year	+13.21%	+7.21%	+13.21%	+7.21%
10 Year	+10.90%	+11.95%	+10.90%	+11.95%
Life Of Fund	+10.86%	+10.49%	+10.86%	+10.49%

Top 10 Holdings

Symbol	Company Name	% Of Assets
PJT	PJT PARTNERS INC	1.23%
CROX	CROCS INC	1.12%
EVR	EVERCORE INC	1.10%
ABM	ABM INDUSTRIES INC	1.10%
ASGN	ASGN INC	1.09%
ZD	J2 GLOBAL INC	1.08%
ESNT	ESSENT GROUP LTD	0.95%
BOX	BOX INC	0.95%
CMPR	CIMPRESS PLC	0.95%
IRWD	IRONWOOD PHARMACEUTICALS	0.94%