Funds Overview

Olstein All Cap Value Fund

Olstein Strategic Opportunities Fund

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Current Fund Fact Sheet


Fund Holdings

Most recent quarter-end. DOWNLOAD

Distribution History


Olstein Strategic Opportunities Fund

Highlights & Facts

Olstein Strategic Opportunities Fund seeks long-term capital appreciation by investing primarily in the undervalued equity securities of small- to mid-cap companies that face unique strategic choices, challenges, or problems. The Fund may also engage in shareholder activism as a form of value investing.

Investment Process Highlights

  • Seeks long-term capital appreciation by investing primarily in the undervalued equity securities of small- to mid-size companies that face unique strategic choices, challenges or problems.
  • Analysis focuses on how a company's operations generate sustainable free cash flow; how much 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.

Olstein Strategic Opportunities Fund: Fund Facts

Adviser Class Class A Class C
CUSIP 56167N571 56167N597 56167N589
Inception Date 5/11/2015 11/1/2006 11/1/2006
Gross Expense Ratio 1.55% 1.81% 2.55%
Net Expense Ratio3 1.35% 1.60% 2.35%
NAV (9/30/21) $26.93 $26.50 $23.35
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.
3. Olstein Capital Management, the Adviser, has contractually agreed to waive certain fees/expenses until October 28, 2021. Performance would have been lower without waivers in effect.


As of September 30, 2021

As of September 30, 2021
Portfolio Holdings 43
Annualized Portfolio Turnover 41.13%
Net Assets $130.87 million
Average Market Cap $5.97 billion
Weighted Average Market Cap $6.25 billion
Market Cap Breakdown (% of equity) normal

An investment in a portfolio containing small- and mid-cap companies is subject to additional risks, as the share prices of small- and mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.


As of September 30, 2021 (% of equity)
Subject to change

As of September 30, 2021 (% of equity)
Invesco Ltd 4.38%
WESCO International Inc 4.23%
Discovery Inc 4.00%
Prestige Consumer Healthcare Inc 3.82%
Dine Brands Global Inc 3.69%
Sensata Technologies Holding 3.39%
Central Garden & Pet Co Class A 3.20%
Citizens Financial Group 3.13%
Blue Bird Corp 3.13%
Denny's Corp 3.07%
Top Ten Holdings Total 36.04%

As of September 30, 2021

As of September 30, 2021
Capital Goods 25.39%
Consumer Durables and Apprarel 11.02%
Banks 9.04%
Consumer Services 8.86%
Materials 4.87%
Total Top Five Industry Groups 59.18%

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. 


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+