Prospector approaches value investing from a credit perspective, with an emphasis on value-based principles and bottom-up fundamental analysis. Our in-house, deep-dive research is key to our approach, focusing on regulatory and statutory statements when available, in addition to GAAP (Generally Accepted Accounting Principles). We look at balance sheets first, cash flow second, and income statements last, paying special attention to marked to market balance sheets and private market value for capital-intensive businesses. It’s all about the approach, and at Prospector our time-tested, consistent approach is evident in our results. Risk management is thoroughly embedded throughout the Prospector investment process. We operate within a long established investment framework, and don’t over bet. The investment team views equities through a credit lens, and approaches risk management from that same credit perspective. In our view, one of the most important pieces of risk management is maintaining a proper alignment of interests, and at Prospector we’ve been dedicated to that alignment for 20 years.
< Always consider what can go wrong when seeking risk adjusted returns
< Less financially leveraged companies
< Strong underlying franchise and asset values
< Receives less focus by management and is harder to manipulate
< Reliable place to uncover financial improvement or decay
< Better business models
< Lower reliance on capital markets
< Owner-oriented behavior
< Asset prices set by 3rd party private market transactions
< Acknowledges difference between GAAP accounting and intrinsic value
< Avoid group think and the Wall Street middle man
< Sector-focused analysts perform proprietary analysis
< Detailed meetings with company managements that support original insights
Please refer to the prospectus for important information about the investment company. The funds objectives, risks, charges, and expenses must be considered and read carefully before investing. You may also obtain a hard copy of the prospectus by calling 1-877-734-7862.
Mutual fund investing involves risk. Principal loss is possible. Investing in the Prospector Funds involves special risks, including but not limited to, risks associated with investing in small and mid size companies, value investing, debt securities, foreign securities, restricted securities, and derivatives. Please refer to the prospectus for further details.
FCFY (Free Cash Flow Yield) is an indicator that compares free cash flow and market cap. It is a representation of the income (free cash flow) created by an investment.
The Prospector Funds are distributed by Quasar Distributors, LLC