Funds Overview

Olstein All Cap Value Fund

Olstein Strategic Opportunities Fund



How do we assess the Quality of Earnings?

We assess the quality of a company’s earnings by answering three important questions. Ask Us

Robert A. Olstein

Chairman and Chief Investment Officer

Eric R. Heyman

Executive Vice President, Portfolio Manager, and Director of Research


Current Fund Fact Sheet

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Fund Holdings

Most recent quarter-end. DOWNLOAD


Distribution History

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Olstein All Cap Value Fund

Highlights & Facts

Emphasizes investments in the undervalued equity securities of companies with discernible financial strength, unique business fundamentals, a competitive edge and an ability to generate free cash flow.


Investment Process Highlights

  • Analysis focuses on how a company's operations generate sustainable free cash flow; how much of that cash is available to investors and the level of ongoing investment required to maintain and grow free cash flow.
  • Valuations based on free cash flow. Reliable valuations require: determining if a company's accounting policies reflect business reality; assessing a company's Quality of Earnings; accounting adjustments to eliminate management bias; and identifying positive or negative factors that may affect future free cash flow.
  • Forensic analysis of financial statements reveals the success of a company's strategy, sustainability of its performance and impact of management decisions on future cash flow and is more useful to an investor than management forecasts or earnings guidance.

 

Fund Facts

Advisor Class Class A Class C
Ticker Symbol OFAFX OFAVX OFALX
CUSIP 56167N621 56167N563 56167N613
Inception Date 9/21/1999 9/17/2018 9/21/1995
Expense Ratio 1.15% 1.40% 2.15%
NAV 9/30/2020 $23.35 $23.22 $17.90
Minimum Initial Investment $1,000 $1,000 $1,000
Maximum Initial Sales Load None 5.50% None
Maximum CDSC None None1 1.00%2
Redemption Fees None None None

1. Purchases of $1MM or more, or purchases into account(s) with accumulated value of $1MM or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of purchase.
2. There is no CDSC if you redeem Class C shares more than one year after purchase. The CDSC may be waived under certain circumstances. Please refer to the Prospectus for more information.

 

Portfolio Statistics

As of September 30, 2020
Portfolio Holdings 85
Annualized Portfolio Turnover 46.16%
Net Assets $524.20 million
Weighted Average Market Cap $139.18 billion
Market Cap Breakdown (% of equity)
Mega Cap (>$100Bn)
Large Cap (>$10Bn - $100Bn)
Mid Cap (>$2Bn - $10Bn)
Small Cap ($200MM - $2Bn)
 
25.29%
54.06%
14.05%
6.60%
 

Top Ten Holdings
Subject to change

As of September 30, 2020 (% of equity)
Walgreens Boots Alliance Inc 2.23%
Alphabet Inc Class C 2.23%
ViacomCBS Inc Class B 2.02%
Fedex Corp 1.98%
CVS Caremark Inc 1.97%
Becton, Dickinson & Co 1.93%
Cisco Systems Inc 1.92%
Invesco Ltd 1.88%
Intel Corp 1.87%
Discovery Inc 1.87%
Top Ten Holdings Total 19.90%
 

Top Five Sectors

As of September 30, 2020
Information Technology 18.63%
Industrials 17.21%
Financials 16.94%
Consumer Discretionary 13.19%
Health Care 12.83%
Top Five Sectors Total 78.80%

The Fund is actively managed and may not meet its investment objective or may underperform the market. Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies. Value stocks may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock’s value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated. Investing in foreign companies typically involves more risks than investing in U.S. companies which can increase the potential for losses and may include risks related to currency exchange rate fluctuations, country or government specific issues, unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility. 

LEGAL DISCLOSURES AND OTHER IMPORTANT INFORMATION

The fund recently experienced significant negative short-term performance due to market volatility associated with the COVID-19 pandemic.

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.  

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+