MISSOULA, Mont.--(BUSINESS WIRE)--Tarkio Fund (NASDAQ: TARKX), a Missoula, Montana based no-load equity mutual fund, was named “Category King” by The Wall Street Journal, with the #1 one-year-total return out of 430 Midcap Core mutual funds in the U.S. as of November 30, 2016. It is the 7th time Tarkio Fund has been named in “Category Kings” in the five years since its inception, and it has the #11 total return out of all 313 Midcap Core funds operating during the past five years according to Lipper as of November 30, 2016. “Total return” includes capital appreciation and reinvested distributions.
Tarkio Fund’s portfolio manager, Russ Piazza, said “It’s a great honor to be recognized alongside the very best performing funds in the nation, especially during the current cycle of pessimism toward equities and actively managed funds.”
According to its prospectus, Tarkio Fund is managed using the same strategy that Piazza has employed to pick stocks for clients for over 25 years: long term investments in businesses that foster deep trust among employees and managers and close relationships between the company and its customers and suppliers. “We try to find companies managed in a way that enables all of the employees to flourish and to engage in dynamic participation within the company every day,” Piazza said. “Not surprisingly, we think our companies are well-positioned to outcompete their peers in good times and to weather the downturns better as well.”
Piazza believes that operating out of Montana has been beneficial for Tarkio Fund and is a key factor in the fund’s performance. “It’s easier to be long-term oriented in a location like Montana that is somewhat shielded from the contagious reactions to geopolitical macroeconomic conditions that drive wild market fluctuations. Instead we try to use those fluctuations to our advantage, buying our favorite companies at attractive prices. I think Warren Buffett finds the same benefits from staying in Omaha. Plus, we get to work each day with the Rocky Mountains as our backdrop!”
Piazza predicts that as “the current bond bubble breaks,” equity funds will begin to become popular again. “But we’ll just probably continue to use the same ultra-long-term strategy that we’ve used for 25 years and that’s driven the performance of the Tarkio Fund.”
Tarkio Fund is managed by Front Street Capital Management, Inc., Missoula, Montana. Tarkio Fund is distributed by Arbor Court Capital, LLC - Member FINRA.
Mutual Fund investing involves risk. Such risks associated with the Tarkio Fund (including but not limited to Small/Medium Capitalization Risks, Foreign Securities Risk, Fixed Income Securities Risk, Non-Diversification Risk, and New Fund/Adviser Risk) as well as applicable investment objectives, charges and expenses must be considered carefully before investing.
The mention of any investments above should not be considered a recommendation to sell or purchase the securities mentioned or similar investments. Investors should consult an investment professional on how the purchase or sale of such investments can be implemented to meet particular investment objectives or goals. Investments in securities and/or similar investments are subject to risks. It is important to obtain information about and understand these risks prior to investing.
Important information about the Tarkio Fund is found in its prospectus, a copy of which, along with current performance information, may be obtained by visiting http://www.tarkiofund.com or by contacting 866-738-3629. Prospective investors should read the prospectus carefully before investing.