AUSTIN, Texas--(BUSINESS WIRE)--YCG, LLC (“YCG”), a boutique investment management firm focused on providing opportunistic public equity investment solutions, is pleased to announce that its YCG Enhanced Fund (YCGEX) (the “Fund”) recently celebrated its five-year anniversary. As of April 17th, 2018, year over year, the Fund has grown an impressive 64% to over $200 million in assets under management and has outperformed both its benchmark and Morningstar fund category on a 1-year basis by 0.92% and 2.21%, respectively. On a YTD basis as of 3/31/2018 the fund is ranked in the top 2% out of 1404 Large Cap Blend Funds having returned +2.09% versus a -0.76% for the S&P 500 Total Return index.
Since its founding in 2007, YCG has demonstrated market-beating performance through its disciplined, bottom-up, concentrated investment approach that seeks to maximize long-term capital appreciation consistent with reasonable investment risk. “In our experience, this objective is best accomplished by, first, identifying the rare businesses that possess both enduring pricing power and secular growth and, second, attempting to acquire these businesses when they’re experiencing temporary macroeconomic and/or operational problems,” explains President & Chief Investment Officer Brian Yacktman. “By targeting long-term growers facing short-term challenges, we believe our approach combines the best features of so-called 'growth' and 'value' investing,” adds Co-Portfolio Manager Elliott Savage. Thus far, the Fund’s impressive track record and asset growth lend considerable credence to this claim.
The YCG Enhanced Fund employs a distinctive option enhancement component where the Fund may write put options and covered call options on a portion of the Fund’s long equity portfolio when it believes the expected return on an option exceeds the expected return from owning the asset directly. This has the added benefit of potentially generating additional income and allowing the Fund to strategically enter and exit positions. Importantly, the Fund does not use this strategy as a means of generating implicit leverage.
“We are honored to be stewards of our clients’ capital and believe our dedication and passion for investing will continue to serve our clients well,” says Will Kruger, CEO of YCG, LLC.
For more information on the YCG Enhanced Fund, please contact YCG at 512-505-2347 ext. 2020 or visit www.ycgfunds.com.
About YCG, LLC
YCG is an independent registered investment advisory firm, wholly owned by its principals, Brian Yacktman, Will Kruger, and Elliott Savage. The firm offers professional investment management services to individuals, trusts, investment advisers, and other institutions through separate account management and through the YCG Enhanced Fund (YCGEX). Our experienced investment team seeks the best long-term opportunities in equities that maximize long-term capital appreciation consistent with reasonable investment risk.
As of March 31, 2018, YCG has over $615 million in assets under management across its mutual fund and separately managed accounts.
For more information, please visit: www.ycginvestments.com.
© 2018 YCG, LLC, which is the advisor to the YCG Funds.
Current performance may be lower or higher than the performance data quoted. Performance quoted is past performance and is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund imposes a 2.00% redemption fee on shares held less than 30 calendar days. Performance data does not reflect the redemption fee. If it had, returns would be reduced.
|Total Returns1 (as of 03/31/18)||YTD||1 Year||3 Year||5 Year||Since Inception2|
|YCG Enhanced Fund (YCGEX)||2.09%||15.92%||10.51%||11.73%||13.38%|
|S&P 500® Index||-0.76%||13.99%||10.78%||13.31%||
|Morningstar Category (LB)||-0.98%||12.82%||8.89%||11.72%||12.92%|
1 Any period greater than one year is annualized.
2 The inception date of the YCG Enhanced Fund (YCGEX) was December 28, 2012.
Gross Expense Ratio is 1.34%. Net Expense ratio is 1.19%*.
*The Adviser, YCG, LLC has agreed to waive or limit its fees via a contractual expense limitation agreement with YCG Funds where the fund operating expenses (net expense ratio) does not exceed 1.19%.
YCG, LLC, is a registered investment advisor. No information contained herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company and may be obtained by calling 1-855-444-YCGF (1-855-444-9283) or by visiting www.ycgfunds.com. Read carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests primarily in equity securities without regard to market capitalization, thus investments will be made in mid and smaller capitalization companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may also write put options and covered call options on a substantial portion of the Fund’s long equity portfolio, which have the risks of early option contract assignment forcing the Fund to purchase the underlying stock at the exercise price which may be the cause of significant losses due to the failure of correctly predicting the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors. Covered call writing may limit the upside of an underlying security. The Fund may also 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. Investment in lower-rated, non-rated and distressed securities presents a greater risk of loss to principal and interest than higher-rated securities.
While the Fund is no-load, management fees and other expenses will apply. Please refer to the prospectus for further details.
The YCG Enhanced Fund is distributed by Quasar Distributors, LLC.
Morningstar Rankings represent a fund’s total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. Past performance does not guarantee future results.
© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any sue of this information.
The S&P 500 ® is an unmanaged but commonly used measure of common stock total return performance. It is not possible to invest directly in an index.
The Morningstar Large Cap Blend category fairly represents the overall U.S. stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate.
Not FDIC Insured | May Lose Value | Not Bank Guaranteed