QUICK LINKS

SHAREHOLDER SERVICES

888.861.7556

TICKER

CHASX

CUSIP / NSCC NUMBER

007989809 / 5626-TA

INCEPTION

12/2/1997

MINIMUM INVESTMENT

$2,000

SALES CHARGE (LOAD)

QUICK LINKS

SHAREHOLDER SERVICES

888.861.7556

TICKER

CHAIX

CUSIP / NSCC NUMBER

007989395 / 5626-TA

INCEPTION

1/29/2007

MINIMUM INVESTMENT

$1,000,000

SALES CHARGE (LOAD)

CHASE GROWTH FUND

Objective

The fund seeks capital appreciation while maintaining a prudent risk profile. The purpose of the fund is to provide a sound investment in an investor's long-term financial plan.

Strategy

The fund's adviser, Chase Investment Counsel Corporation, seeks high quality large-cap growth companies that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years. A further analysis refines and ranks the universe to a smaller number of stocks using additional fundamental and technical factors such as positive earnings revision/surprises, strong relative price performance, and improving profitability. The portfolio holds 30-45 stocks diversified by both sector and industry group.

Performance as of 6/4/2020

  Daily Month to date Quarter to date Year to date Inception to date
Chase Growth Fund - N Shares -0.84% -0.68% +17.05% -4.86% 7.65%

Month End Performance as of 5/31/2020

  Month 1 Year 5 Years 10 Years Since Inception
Chase Growth Fund - N Shares 6.49% 7.46% 7.46% 11.68% 7.69%
Lipper Multi-Cap Growth Funds Index^ 9.33% 22.01% 11.75% 14.22% 7.56%
Russell 1000 Growth Index 6.71% 26.25% 14.50% 16.07% 7.71%
S&P 500 Index 4.76% 12.84% 9.86% 13.15% 7.22%

Quarter End Performance as of 3/31/2020

  Quarter 1 Year 5 Years 10 Years Since Inception
Chase Growth Fund - N Shares -18.72% -9.69% 4.36% 9.33% 6.96%
Lipper Multi-Cap Growth Funds Index^ -15.96% -4.45% 7.16% 10.98% 6.52%
Russell 1000 Growth Index -14.10% 0.91% 10.36% 12.97% 6.79%
S&P 500 Index -19.60% -6.98% 6.73% 10.53% 6.47%

N shares Inception: 12/2/1997

Expense Ratio 1.31% (gross); 1.30% (net)*

*Shareholders pay the net expense ratio. Chase Investment Counsel Corporation (the "Adviser") has Contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding AFFE, taxes, interest expenses, dividends on securities sold short, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class-specific expenses to 1.14% of average daily net assets to the Fund (the "Expense Cap"). The Expense Cap will remain in effect through at least January 27, 2021 and may be terminated only by the Trust's Board of Trustees (the "Board"). The Adviser may request recoupment of previously waived fees and paid expenses from the Fund for 36 months from the date they were waived or paid, subject to the Expense Cap.

^Due to the reorganization of the Chase Growth Fund effective January 31, 2020, the Lipper Large-Cap Growth Funds Index has been replaced with the Lipper Multi-Cap Growth Funds Index which is more consistent with the Fund's investment strategy.

Click here for a current prospectus.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. The funds impose a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Earnings growth is not representative of the fund's future performance.

 

 

Top Ten Holdings as of 3/31/20  
Microsoft Corp 6.4%
Amazon Com Inc 4.1%
Apple Inc 4.0%
Adobe Inc 4.0%
Alphabet Inc 3.9%
Pepsico Inc 3.5%
ZTO Express Cayman Inc ADR 2.8%
Vertex Pharmaceuticals Inc 2.7%
Fiserv Inc 2.7%
Advanced Micro Devices Inc 2.6%
Click here for 3/31/20 Complete Holdings List
   
Weighted Avg Mkt Cap (Bil) $270.3
Sector Diversification as of 3/31/20  
Consumer Disc 6.1%
Consumer Staples 5.4%
Energy 0.0%
Financials 2.5%
Health Care 13.6%
Industrials 6.7%
Materials 4.2%
Real Estate 0.0%
Technology 38.3%
Communication Services 6.4%
Utilities 0.0%
Cash 16.8%
Total Fund Assets (Mil) $67

 

 

Distribution History

Ex Date Per Share Income ($) Per Share Short-Term Capital Gain ($) Per Share Long-Term Capital Gain ($)
12/20/07 0.03493515 0.45904 1.46379
12/18/08 0.03674076 0.0000 0.0000
12/17/09 0.0000 0.0000 0.0000
12/20/10 0.0000 0.0000 0.0000
12/15/11 0.0000 0.0000 0.25604
12/17/12 0.06710648 0.04819 5.87430
12/16/13 0.0000 0.59617 3.34686
12/16/14 0.0000 0.62835 1.87987
12/08/15 0.0000 0.0000 1.25527
12/12/16 0.0000 0.0000 1.05392
12/12/17 0.0000 0.0000 1.52786
12/11/18 0.0000 0.01487 1.40146
12/11/19 0.0000 0.00000 1.40804

 

The Lipper Multi-Cap Growth Funds Index measures performance of the 30 largest funds that invest in the multi-cap growth category as tracked by Lipper, Inc.
The Lipper Large-Cap Growth Funds Index measures the performance of the 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc.
The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. Companies.
You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.

The Chase Growth Fund is offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Growth Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

The Chase Growth Fund may invest in mid-cap companies, which involve additional risks such as limited liquidity & greater volatility. Mutual fund investing involves risk. Principal loss is possible. The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.

 

Chase Investment Counsel is the adviser to the Chase Growth Fund which is distributed by Quasar Distributors, LLC.

 

CHASE GROWTH FUND

Objective

The fund seeks capital appreciation while maintaining a prudent risk profile. The purpose of the fund is to provide a sound investment in an investor's long-term financial plan.

Strategy

The fund's adviser, Chase Investment Counsel Corporation, seeks high quality large-cap growth companies that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years. A further analysis refines and ranks the universe to a smaller number of stocks using additional fundamental and technical factors such as positive earnings revision/surprises, strong relative price performance, and improving profitability. The portfolio holds 30-45 stocks diversified by both sector and industry group.

Performance as of 6/4/2020

  Daily Month to date Quarter to date Year to date Inception to date
Chase Growth Fund - I Shares -0.88% -0.64% +17.11% -4.77% 7.71%

Month End Performance as of 5/31/2020

  Month 1 Year 3 Years 5 Years 10 Years Since Inception
Chase Growth Fund - I Shares 6.49% 7.50% 9.29% 7.61% 11.89% 7.77%
Lipper Multi-Cap Growth Funds Index^ 9.33%

22.01%

15.19% 11.75% 14.22% 9.55%
Russell 1000 Growth Index 6.71% 26.25% 17.21% 14.50% 16.07% 11.05%
S&P 500 Index 4.76% 12.84%

10.23%

9.86% 13.15% 8.15%

Quarter End Performance as of 3/31/2020

  Quarter 1 Year 3 Years 5 Years 10 Years Since Inception
Chase Growth Fund - I Shares -18.68% -9.63% 4.77% 4.51% 9.54% 6.53%
Lipper Multi-Cap Growth Funds Index^ -15.96% -4.45% 8.41% 7.16% 10.98% 7.78%
Russell 1000 Growth Index -14.10% 0.91% 11.32% 10.36% 12.97% 9.49%
S&P 500 Index -19.60% -6.98% 5.10% 6.73% 10.53% 6.89%

Institutional shares Inception: 1/29/2007

Expense Ratio 1.16% (gross); 1.15% (net)*

*Shareholders pay the net expense ratio. Chase Investment Counsel Corporation (the "Adviser") has Contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding AFFE, taxes, interest expenses, dividends on securities sold short, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class-specific expenses to 1.14% of average daily net assets to the Fund (the "Expense Cap"). The Expense Cap will remain in effect through at least January 27, 2021 and may be terminated only by the Trust's Board of Trustees (the "Board"). The Adviser may request recoupment of previously waived fees and paid expenses from the Fund for 36 months from the date they were waived or paid, subject to the Expense Cap.

^Due to the reorganization of the Chase Growth Fund effective January 31, 2020, the Lipper Large-Cap Growth Funds Index has been replaced with the Lipper Multi-Cap Growth Funds Index which is more consistent with the Fund's investment strategy.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. The funds impose a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Earnings growth is not representative of the fund's future performance.


Top Ten Holdings as of 3/31/20  
Microsoft Corp 6.4%
Amazon Com Inc 4.1%
Apple Inc 4.0%
Adobe Inc 4.0%
Alphabet Inc 3.9%
Pepsico Inc 3.5%
ZTO Express Cayman Inc ADR 2.8%
Vertex Pharmaceuticals Inc 2.7%
Fiserv Inc 2.7%
Advanced Micro Devices Inc 2.6%
Click here for 3/31/20 Complete Holdings List
   
Weighted Avg Mkt Cap (Bil) $270.3
Sector Diversification as of 3/31/20  
Consumer Disc 6.1%
Consumer Staples 5.4%
Energy 0.0%
Financials 2.5%
Health Care 13.6%
Industrials 6.7%
Materials 4.2%
Real Estate 0.0%
Technology 38.3%
Communication Services 6.4%
Utilities 0.0%
Cash 16.8%
Total Fund Assets (Mil) $67

 

 

Distribution History

Ex Date Per Share Income ($) Per Share Short-Term Capital Gain ($) Per Share Long-Term Capital Gain ($)
12/20/07 0.03493515 0.45904 1.46379
12/18/08 0.03674076 0.0000 0.0000
12/17/09 0.0000 0.0000 0.0000
12/20/10 0.0000 0.0000 0.0000
12/15/11 0.0000 0.0000 0.25604
12/17/12 0.06710648 0.04819 5.87430
12/16/13 0.0000 0.59617 3.34686
12/16/14 0.0000 0.62835 1.87987
12/08/15 0.0000 0.0000 1.25527
12/12/16 0.0000 0.0000 1.05392
12/12/17 0.0000 0.0000 1.52786
12/11/18 0.0000 0.01487 1.40146
12/11/19 0.0000 0.00000 1.40804

 

The Lipper Multi-Cap Growth Funds Index measures performance of the 30 largest funds that invest in the multi-cap growth category as tracked by Lipper, Inc.
The Lipper Large-Cap Growth Funds Index measures the performance of the 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc.
The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. Companies.
You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.

The Chase Growth Fund is offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Growth Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

The Chase Growth Fund may invest in mid-cap companies, which involve additional risks such as limited liquidity & greater volatility. Mutual fund investing involves risk. Principal loss is possible. The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.

 

Chase Investment Counsel is the adviser to the Chase Growth Fund which is distributed by Quasar Distributors, LLC.

  • CONTACT

    Chase Investment Counsel Corporation

    350 Old Ivy Way
    Suite 100
    Charlottesville, VA 22903-4897

    Adviser: 434.293.9104

    Shareholder Services:
    888.861.7556
    sales@chaseinv.com