MidCap Fund Investment Strategy
The MidCap Fund normally invests at least 80% of its net assets plus any borrowing for investment purposes in a diversified portfolio of common stocks of medium-sized companies that fall within the 12-month average of the capitalization ranges of stocks in the Russell Midcap Index, the Fund’s benchmark. Although market capitalizations are constantly changing, as of December 31, 2009, the Russell Midcap Index included companies with market capitalizations between $261 million and $15.5 billion. We also generally seek to identify investment opportunities in equity securities of companies that we believe have above-average potential for earnings and dividend growth. To achieve a better risk-adjusted return on its equity investments, the MidCap Fund invests in a diversified portfolio of
companies, including companies from a blend of industries and style classes. The MidCap Fund may sell securities for a variety of reasons, such as to secure gains, limit losses or reposition assets to more promising opportunities. |
| Daily returns as of
September 03, 2010 |
| |
Price |
Change |
YTD |
| THPMX | 10.30 | 0.15 | 5.75%
|
| Month-end annualized returns as of
August 31, 2010 |
| |
One Year |
Three Year |
Five Year |
Ten Year |
Since
Inception
3/31/08 |
MidCap
THPMX | 9.83% | N/A | N/A | N/A | -0.96%
|
| Average annual returns as of June 30, 2010 |
| |
One Year |
Three Year |
Five Year |
Ten Year |
Since
Inception
3/31/08 |
MidCap
THPMX | 27.03% | N/A | N/A | N/A | -0.72%
|
| MidCap Fund Expense Ratios as of March 31, 2010 |
| Gross of fee waivers or reimbursements |
4.21% |
| Net Expense Ratio - Effective 04/01/10 |
1.30%* |
|
*The Advisor has contractually agreed to waive management
fees and/or reimburse expenses incurred by the MidCap Fund through March 31, 2011 so that the annual operating expenses of that Fund do not exceed 1.30% of its average daily net assets. Investment performance reflects fee waivers in effect. In the absence of such waivers, the returns would be reduced.
Performance data quoted represents past performance: past performance does not guarantee future results. The investment returns and 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. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800.999.0887 or visiting www.thompsonplumb.com. |
MidCap Fund Facts as of June 30, 2010
Fund Inception: March 31, 2008
Fund Assets: $12 million
Net Asset Value: $9.71
Dividend Frequency: Annual
Number of Equities: 84
Weighted Average Market Cap. (billions): $5.1
Median Market Capitalization (billions): $4.2
Minimum Opening Investment: $2,500
Minimum Subsquent Investment: $100
|
MidCap Fund Managers
James T. Evans, CFA
Jason L. Stephens, CFA
John W. Thompson, CFA
John W. Thompson, James T. Evans and Jason L. Stephens serve as Co-Portfolio Managers for the MidCap Fund. Mr. Thompson has managed or co-managed, and Mr. Evans and Mr. Stephens have been actively involved with, the MidCap Fund since its inception. |
Largest Equity Holdings as of June 30, 2010
| Company |
Industry |
% of Net Assets |
| Discover Financial Services | Financial Services | 2.19% |
| Henry Schein | Health Care Equipment & Services | 2.13% |
| Weatherford International | Oil Equipment, Services & Distribution | 2.08% |
| First Horizon National | Banks | 2.06% |
| Maxim Integrated Products | Technology Hardware & Equipment | 2.03% |
| Investment Technology Group | Financial Services | 2.03% |
| ResMed | Health Care Equipment & Services | 2.02% |
| Associated Banc-Corp | Banks | 1.98% |
| Eaton Vance | Financial Services | 1.97% |
| EnergySolutions | Support Services | 1.94% |
Current and future portfolio holdings are subject to risk.
|
Sector Weightings as of June 30, 2010
|
| Sector |
% of Total Investments |
| Information Technology | 20.40% |
| Financials | 19.41% |
| Consumer Discretionary | 15.14% |
| Energy | 11.96% |
| Health Care | 11.62% |
| Industrials | 9.56% |
| Materials | 6.36% |
| Utilities | 2.88% |
| Consumer Staples | 2.67% |
|
|
If you have any questions, please contact Client Services at 800.999.0887.
|
|
Portfolio holdings and assets/sector allocations are subject to change and are not recommendations to buy or sell any security
Please refer to the Prospectus for more complete information including investment objectives, risks, charges
and expenses of the investment company. The prospectus contains this and
other information about the investment company. Please read it carefully
before you invest.
Mutual fund investing involves risk. Principal loss is possible. Midcap companies tend to have limited liquidity and greater volatility than large-capitalization companies.
The Russell Midcap Index measures the performance of the 800 smallest companies in the Russell 1000 Index based on total market capitalization. You cannot invest directly in an index.
Quasar Distributors, LLC distributor. |
