Villere Equity Fund (VLEQX)

VLEQX

As of 09/30/2022

Symbol
VLEQX
Total Net Assets
$38.8M
Expense Ratio
1.22%
Number of Equity Holdings
24
Portfolio Turnover
11.6%
Inception Date
05/31/2013
Minimum Investment
$2,000
Subsequent Investments
$500
Sales Charge
None
CUSIP
74316J391

INVESTMENT OBJECTIVE

The Villere Equity Fund seeks to achieve long-term growth.

OVERVIEW

The Equity Fund invests primarily in small- and mid-cap companies through an active and selective investment approach, creating a concentrated equity portfolio of Villere’s 20-30 best ideas. The Fund pursues investment opportunities over the long term without a constraint of a benchmark, while targeting sustainable long-term growth with reasonable valuations.

The Fund is potentially well-suited for equity investors seeking compelling opportunities and growth companies in the US market, while looking for a complement or alternative to passive investments, and taking a select approach to which companies to invest in.

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Performance

 

VLEQX

NAV AS OF 10/05/2022

$10.55

DAILY NAV CHANGE

-0.47% (-$0.05)

MONTH-END RETURNS

As of 09/30/2022
TOTAL RETURN AVERAGE ANNUAL TOTAL RETURNS CUMULATIVE
1 month YTD 1 yr 3 yrs 5 yrs Since Inception
05/31/2013
Since Inception
05/31/2013
Villere Equity Fund -8.99% -29.29% -29.16% -2.79% 0.06% 1.33% 13.11%
Lipper Mid Cap Growth Funds Index -8.78% -33.17% -31.45% 3.13% 6.85% 8.97% 122.95%
S&P 500 TR -9.21% -23.87% -15.47% 8.16% 9.24% 10.92% 163.13%

Expense Ratio: 1.22%

Quarter-end Returns

As of 08/31/2022
TOTAL RETURN AVERAGE ANNUAL TOTAL RETURNS CUMULATIVE
3 months YTD 1 yr 3 yrs 5 yrs Since Inception
05/31/2013
Since Inception
05/31/2013
Villere Equity Fund -9.69% -22.31% -24.54% 0.76% 2.81% 2.38% 24.29%
Lipper Mid Cap Growth Funds Index -0.90% -26.74% -28.05% 5.79% 9.37% 10.14% 144.41%
S&P 500 TR -3.88% -16.14% -11.23% 12.39% 11.82% 12.19% 189.83%

Expense Ratio: 1.22%

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.

Calendar year returns (%)

As of 09/30/2022
Villere Equity Fund
Lipper Mid Cap Growth Funds Index
2013* 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD
15.30% -6.28% -11.19% 10.49% 7.34% -6.98% 24.50% 14.76% 5.76% -29.29%
18.44% 7.91% -0.96% 6.27% 25.90% -3.53% 33.83% 35.98% 12.22% -33.17%
*Partial year. Inception to year-end.

Composition

As of 08/31/2022

Portfolio Allocation

Top 10 Equity Holdings

As of 08/31/2022
Palomar Holdings, Inc. 7.9%
Roper Technologies, Inc. 5.7%
Freeport-McMoRan, Inc. 5.5%
STERIS PLC 5.4%
J.B. Hunt Transport Services, Inc. 5.3%
Stryker Corp. 5.1%
Ligand Pharmaceuticals, Inc. 4.8%
Vis, Inc. - Class A 4.8%
ON Semiconductor Corp. 4.7%
First Hawaiian, Inc. 4.5%
Total % of fund 53.7%

TOTAL PORTFOLIO HOLDINGS - PDF >>

EQUITY SECTOR ALLOCATION

As of 08/31/2022
As a % of equity assets
Financials 21.2%
Information Technology 20.4%
Health Care 18.9%
Industrials 11.2%
Consumer Discretionary 10.2%
Energy 5.6%
Telecommunication Services 5.5%
Materials 4.9%
Consumer Staples 2.1%
Real Estate 0.0%
Utilities 0.0%

Portfolio allocations, sector allocations, and holdings are subject to changes and are not recommendations to buy or sell any security.