Funds Overview

Olstein All Cap Value Fund

Olstein Strategic Opportunities Fund

Mutual Funds Overview


All Cap Value Fund

Invests in the undervalued equity securities of companies across the market capitalization spectrum.

Prospectus Fact Sheet Current Financial Report


Strategic Opportunity Fund

Seeks long-term capital appreciation by investing in the undervalued equity securities of small- to mid-cap companies.

Prospectus Fact Sheet Current Financial Report

Investment Process: Screening, Analysis & Stock Selection

  • Determine focus list
    Determine focus list
    of investment ideas
    for further reading
  • Conduct initial analysis
    Conduct initial
    analysis of focus
    list companies
  • Conduct intensive forensic analysis
    Conduct intensive
    forensic analysis of
    attractive candidiates
  • Determine private market value
    Determine private
    market value

Investment Philosophy

Olstein Capital Management believes:

  • There is a strong correlation between above-average investment performance and error avoidance.
  • A company's stock price often falls below its private market value due to temporary problems such as missed earnings estimates, overreaction to short-term results or overall negative market psychology. These short-term deviations may present viable opportunities for the patient, long-term investor.
  • Excess cash flow is the lifeblood of a business and is the primary determinant of a company's private market value.
  • Forensic analysis of financial statements reveals the quality of a company's earnings, the success of its strategy, sustainability of its performance and impact of management decisions on future cash flow.

Discipline and Patience

The Olstein Funds are suitable for investors with a longer-term investment outlook of three to five years. Olstein's accounting-driven, value-oriented approach requires discipline – the discipline to follow your convictions when faced with the negative market psychology that usually surrounds undervalued companies – and patience – as the negative psychology and misperceptions about a company slowly change. Olstein's investment approach is designed for investors who have the patience to remain invested through market cycles and periods of price volatility.

About Risk

A mutual fund is not intended to be a complete investment program and may not achieve its described goals. All mutual funds have risk and you can lose money by investing in mutual funds. Investment return and principal value of an investment will fluctuate with market conditions so that when redeeming, an investor's shares may be worth more or less than the original amount invested.


Investing involves risk including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of the Olstein Funds.  This and other important information is contained in the prospectus, which should be read carefully before investing.  For a copy, click the prospectus link below.  

Fund holdings are subject to change at any time.  

Please click here for fund holdings for Olstein All Cap Value Fund.
Please click here for fund holdings for Olstein Strategic Opportunities Fund.

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow. Free cash flow represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.

Past performance is no guarantee of future results. This information is not an offer to sell or a solicitation to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. Important legal information – please read the disclaimer before proceeding. Be sure to read the Olstein Funds Privacy Policy before becoming a shareholder. Click here to read the disclaimer+