Performancetwistadmin2024-10-30T17:52:35+00:00

Performance & Holdings

Daily NAV

6/2/2022

Ticker	NAV	$ Change
GOODX	$33.48	$-0.41

Performance Summary

as of March 31, 2022

	Year to Date	1 Year	3 Year	5 Years	10 Years	Annualized Since Inception¹
GoodHaven Fund	-7.94	3.41	8.93	8.93	91.48	6.00
S&P 500	-12.76	-0.30	13.38	14.40	288.13	12.84

¹ Inception date is 04/08/2011

Total Annual Fund Operating Expenses 1.10%

Performance data quoted represents past performance; past performance 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 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 1-855-OK-GOODX (1-855-654-6639).

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Schedule of Investments as of August 31, 2024

Top 10 Holdings**	Ownership %
Berkshire Hathaway, Inc. – Class B	14.5%
Alphabet Inc. – Class C	6.2%
Builders FirstSource, Inc.	6.2%
Bank of America Corp.	5.2%
Jefferies Financial Group, Inc.	5.2%
EXOR NV	4.9%
Devon Energy Corp.	4.0%
TerraVest Industries, Inc.	4.0%
Lennar Corporation – Class B	3.9%
Vitesse Energy, Inc.	3.4%
Total	57.5%

* In accordance with its disclosure policies, the fund will typically disclose its holdings within 60 days of its fiscal quarter end in public SEC filings, including Forms N-PORT, N-SAR, and N-CSR.

** Top ten holdings excludes cash, money-market funds and Government and Agency Obligations

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Mutual fund investing involves risk. Principal loss is possible. The Fund is nondiversified, 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 in mid and smaller capitalization companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in REIT's, which are subject to additional risks associated with direct ownership of real property including decline in value, economic conditions, operating expenses, and property taxes. 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.

The GoodHaven Funds are distributed by Quasar Distributors, LLC.

The Morningstar Rating™ for funds, or “star rating,” is calculated for mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period has the greatest impact because it is included in all three rating periods.

© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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 use of this information.

The GoodHaven Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other information about the investment company, and may be obtained by clicking here. Read carefully before investing.

Per Morningstar (as of 10/31/2024 in the Mid Cap Value category), the GoodHaven Fund was ranked in the top 18% for 1YR (vs 390 funds), top 2% for 3YR (vs 372 funds), top 2% for 5YR (vs. 360 funds), and top 72% for 10YR (vs. 290 funds), based on total returns. 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.

Before you invest in the GoodHaven Fund, please refer to the statutory prospectus or summary prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 1-855-OK-GOODX (1-855-654-6639). The prospectus should be read and considered carefully before you invest or send money.

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

References to other mutual funds should not be interpreted as an offer of those securities.

Click here for standardized performance Performance data quoted represents past performance; past performance 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 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 1-855-OK-GOODX (1-855-654-6639).

Fund holdings are subject to change. Click here for top 10 holdings.

Mutual fund investing involves risk. Principal loss is possible. The Fund is nondiversified, 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 in mid and smaller capitalization companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in REIT's, which are subject to additional risks associated with direct ownership of real property including decline in value, economic conditions, operating expenses, and property taxes. 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.

The value of the Fund could be adversely affected in the event of a natural disaster, severe weather events, climate change, earthquakes, fires, war, terrorism, health pandemics and other public health crises.

The GoodHaven Funds are distributed by Quasar Distributors, LLC

Active investing has higher management fees because of the manager's increased level of involvement while passive investing has lower management and operating fees. Investing in both actively and passively managed mutual funds involves risk and principal loss is possible. Both actively and passively managed mutual funds generally have daily liquidity. There are no guarantees regarding the performance of actively and passively managed mutual funds. Actively managed mutual funds may have higher portfolio turnover than passively managed funds. Excessive turnover can limit returns and can incur capital gains.

Earnings growth is not a measure of the Fund's future performance.

Dow Jones Industrial Average is a price-weighted average of 30 large publicly owned stocks traded on the New York Stock Exchange and NASDAQ.

Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks traded in the United States.

VIX is the ticker symbol for the Chicago Board Options Exchange Volatility Index which measures the expected volatility of S&P 500 stock index in the next 30 days.

S&P 500 Index is a capitalization weighted index of 500 large capitalization stocks which is designed to measure broad domestic securities markets.

Russell 2000 Index is an index measuring the performance of approximately 2,000 small cap companies in the Russell 3000 Index, which is made of up of 3,000 of the largest U.S. stocks.

Nasdaq Composite Index is the market capitalization-weighted index of approximately 3,000 common equities listed on the Nasdaq stock exchange.

It is not possible to invest directly in an index.

Price/Earnings is a valuation ratio calculated by dividing the current stock price of a company by its earnings per share.

Price to EBITDA is the ratio of a company's stock price to its per-share Earnings Before Interest, Taxes, Depreciation and Amortization.

Price/Sales is a valuation ratio calculated by taking the company's market capitalization divided by its total sales over a 12 month period, or on a per share basis dividing the stock price by sales per share for a 12 month period.

Book Value represents the accounting value remaining after a corporation's liabilities are subtracted from its assets.

Tangible Book Value is the total net asset value of a company minus tangible assets including goodwill.

Free Cash Flow is the cash a company generates from operations less all expenses and capital expenditures necessary to maintain the business in its current position.

Free Cash Flow per Share is Free Cash Flow divided by total number of shares outstanding.

Cash flow is generally defined as the cash a company generates from its business operations, before capital or securities investments.

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value.

Correlation is a statistic that measures the degree to which two variables move in relation to each other.

Dividend Yield is represented as a percentage and can be calculated by dividing the dollar value of dividends paid in a given year per share of stock held by the current dollar value of one share of stock.

CapEx (Capital Expenditure) are funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. It is often used to undertake new projects or investments by the firm.

GOP is defined as the Republican Party.

Implied volatility is the estimated volatility of security's price.

Return on Equity: A measure of financial performance calculated by dividing net income by shareholders' equity.

Warrants: Warrants are a derivative that give the right, but not the obligation, to buy or sell a security-most commonly an equity-at a certain price before expiration.

Spot Gold Index: The current price in the marketplace at which gold can be bought or sold for immediate delivery.

Dividends are subject to change and are not guaranteed.

Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

The Morningstar percentile ranking is based on the fund’s total return percentile rank relative to all managed products that have the same category for the same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. Morningstar total return includes both income and capital gains or losses and is not adjusted for sales charges.

© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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 use of this information.

Per Morningstar (as of 10/31/2024 in the Mid Cap Value category), the GoodHaven Fund was ranked in the top 18% for 1YR (vs 390 funds), top 2% for 3YR (vs 372 funds), top 2% for 5YR (vs. 360 funds), and top 72% for 10YR (vs. 290 funds), based on total returns. 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.