Funds Overview

Olstein All Cap Value Fund

Olstein Strategic Opportunities Fund





Current Fund Fact Sheet

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Schedule of Investments

Most recent quarter-end. DOWNLOAD


Distribution History

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Olstein Strategic Opportunities Fund

Performance

Adviser Class Performance

 
August 31, 2022 (Annualized Returns)
OFSFX Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -7.26% -5.39% -2.85%
Year to Date -22.60% -11.46% -16.01%
Average Annual Returns
One Year -23.92% -8.34% -15.54%
Three Years 8.82% 9.93% 9.57%
Five Years 5.92% 7.03% 8.54%
Since Inception 5/11/15 3.42% 6.99% 7.92%
 
As of June 30, 2022 (Annualized Returns)
OFSFX Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -19.19% -15.39% -16.98%
Year to Date -26.46% -16.66% -21.81%
Average Annual Returns
One Year -27.65% -13.19% -21.00%
Three Years 5.02% 6.19% 5.91%
Five Years 3.68% 5.54% 7.04%
Since Inception 5/11/15 2.76% 2.26% 7.04%

As of 10/28/21 the gross and net expense ratios for Adviser Class shares were 1.43% and 1.35%, respectively. Olstein Capital Management, the Adviser, has contractually agreed to waive certain fees/expenses until October 28, 2022. Performance would have been lower without waivers in effect.

Class A Performance

 
August 31, 2022 (Annualized Returns)
OFSAX
w/o Sales Charge
OFSAX
w/ Sales Charge
Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -7.40% -12.51% -5.39% -2.85%
Year to Date -22.74% -26.98% -11.46% -16.01%
Average Annual Returns
One Year -24.16% -28.33% -8.34% -15.54%
Three Years 8.51% 6.48% 9.93% 9.57%
Five Years 5.64% 4.45% 7.03% 8.54%
Ten Years 8.43% 7.82% 9.88% 10.96%
Since Inception
(11/01/06)
6.56% 6.18% 7.14% 8.15%
 
As of June 30, 2022 (Annualized Returns)
OFSAX
w/o Sales Charge
OFSAX
w/ Sales Charge
Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -19.20% -23.63% -15.39% -16.98%
Year to Date -26.50% -30.54% -16.66% -21.81%
Average Annual Returns
One Year -27.83% -31.80% -13.19% -21.00%
Three Years 4.77% 2.82% 6.19% 5.91%
Five Years 3.43% 2.27% 5.54% 7.04%
Ten Years 8.35% 7.73% 9.54% 10.49%
Since Inception
(11/01/06)
6.29% 5.91% 6.69% 7.89%

As of 10/28/21 the gross and net expense ratios for Class A shares were 1.70% and 1.60%, respectively. Olstein Capital Management, the Adviser, has contractually agreed to waive certain fees/expenses until October 28, 2022. Performance would have been lower without waivers in effect. 

Standardized returns reflect deduction of the maximum 5.50% sales charge applicable to Class A shares. Class A shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed within 12 months of the purchase. The CDSC is not reflected in the performance with maximum sales charge.

Class C Performance

 
August 31, 2022 (Annualized Returns)
OFSCX
w/o Sales Charge
OFSCX
w/ Sales Charge
Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -7.54% -8.47% -5.39% -2.85%
Year to Date -23.11% -23.88% -11.46% -16.01%
Average Annual Returns
One Year -24.72% -25.39% -8.34% -15.54%
Three Years 7.70% 7.70% 9.93% 9.57%
Five Years 4.85% 4.85% 7.03% 8.54%
Ten Years 7.62% 7.62% 9.88% 10.96%
Since Inception
(11/01/06)
5.78% 5.78% 7.02% 8.29%
 
As of June 30, 2022 (Annualized Returns)
OFSCX
w/o Sales Charge
OFSCX
w/ Sales Charge
Russell™ 2500
Value Index
Russell™ 2500
Index
Cumulative Returns
Last 3 Months -19.38% -20.18% -15.39% -16.98%
Year to Date -26.79% -27.52% -16.66% -21.81%
Average Annual Returns
One Year -28.38% -29.02% -13.19% 21.00%
Three Years 3.98% 3.98% 6.19% 5.91%
Five Years 2.65% 2.65% 5.54% 7.04%
Ten Years 7.53% 7.53% 9.54% 10.49%
Since Inception
(11/01/06)
5.52% 5.52% 6.69% 7.89%

There is a 1% contingent deferred sales charge (CDSC) imposed if an investor redeems Class C shares within the first year of purchase. As of 10/28/21 the gross and net expense ratios for Class C shares were 2.46% and 2.35%, respectively. Olstein Capital Management, the Adviser, has contractually agreed to waive certain fees/expenses until October 28, 2022. Performance would have been lower without waivers in effect.

Calendar Year Returns

 
Olstein Strategic Opportunities Fund
Year Adviser Class Class A Class C Russell 2500™
Value Index
Russell 2500® Index
2021 21.99 21.62 20.73 27.78 18.18
2020 16.11 15.82 14.98 4.88 19.99
2019 28.88 28.61 27.54 23.56 27.77
2018 -13.85 -14.06 -14.67 -12.36 -10.00
2017 6.22 5.88 5.10 10.36 16.81
2016 20.77 20.51 19.67 25.2 17.59
2015 -14.41 -15.11 -5.49 -2.90
2014 12.34 11.56 7.11 7.07
2013 42.56 41.50 33.32 36.80
2012 22.12% 21.14 19.21 17.88
2011 -7.60 -8.26 -3.36 -2.51
2010 27.65 26.73 24.82 26.71
2009 48.51 47.24 27.68 34.39
2008 -38.11 -38.58 -31.99 -36.79
2007 -5.17 -5.81 -7.27 1.38

Returns (expressed as percentages) assume reinvestment of dividends and capital gain distributions, and do not reflect applicable Class A or Class C sales charges.



Olstein Strategic Opportunities Fund
Growth of Hypothetical $10,000 Investment

Class A shares shown at net asset value and have all distributions reinvested. If a sales charge (maximum 5.5%) had been deducted, the results would have been lower.
Hover over graph lines to see month-end values

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. Value stocks can continue to be undervalued by the market for long periods of time. Current performance may be lower or higher than performance quoted; to obtain the most recent month-end performance, please call 800-799-2113.

The Russell 2500 Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 companies that are considered more value oriented relative to the overall market as defined by Russell's leading style methodology. The Russell 2500 Value Index is constructed to provide a comprehensive and unbiased barometer of the small to mid-cap growth market. The Russell 2500 Index is an unmanaged index that measures the performance of the small to mid-cap segment of the U.S equity universe. The Russell 2500 is a subset of the Russell 3000 Index. It includes approximately 2500 of the smallest securities based on total market capitalization. Investors cannot actually make investments in either index.

LEGAL DISCLOSURES AND OTHER IMPORTANT INFORMATION

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+