The Counterpoint Select Fund

The Counterpoint Select Fund is a no-load, non-diversified mutual fund. Its ticker is CPFSX

Objective

The Fund seeks long-term capital appreciation by investing in a limited number of public companies that we believe are undervalued relative to their inherent quality and potential.

The Fund will typically contain between 15 to 25 investments reflecting both core and opportunistic holdings:

Core Holdings

• Businesses, which in our opinion are of high quality, with strong competitive positions, business fundamentals and financial performance, favorable trends and exogenous factors, selling at discount to intrinsic value.
• 3-5 year investment horizon.

Opportunistic Holdings

• Businesses, which in our opinion are of medium to high quality, selling at what we believe are significant discounts to intrinsic value.
• Some potential near-term problems or challenges.
• 2-3 year investment horizon.

Positions will typically vary between 4% and 10% at cost depending on risk versus potential return and alternative opportunities.

The Counterpoint Select Portfolio is managed as a collection of individual investments within a framework that considers overall opportunity for gain relative to the risk of loss. The Portfolio does not adhere to a given benchmark. Cash may be held in the absence of a compelling alternative.