QUICK LINKS

SHAREHOLDER SERVICES

888.861.7556

TICKER

CHASX

CUSIP / NSCC NUMBER

007989809 / 5626-TA

INCEPTION

12/2/1997

MINIMUM INVESTMENT

$2,000

SALES CHARGE (LOAD)

QUICK LINKS

SHAREHOLDER SERVICES

888.861.7556

TICKER

CHAIX

CUSIP / NSCC NUMBER

007989395 / 5626-TA

INCEPTION

1/29/2007

MINIMUM INVESTMENT

$1,000,000

SALES CHARGE (LOAD)

CHASE GROWTH FUND

Objective

The fund seeks capital appreciation while maintaining a prudent risk profile. The purpose of the fund is to provide a sound investment in an investor's long-term financial plan.

Strategy

The fund's adviser, Chase Investment Counsel Corporation, seeks high quality large-cap growth companies that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years. A further analysis refines and ranks the universe to a smaller number of stocks using additional fundamental and technical factors such as positive earnings revision/surprises, strong relative price performance, and improving profitability. The portfolio holds 30-45 stocks diversified by both sector and industry group.

Performance as of 10/29/2014

  Daily Month to date Quarter to date Year to date Inception to date
Chase Growth Fund - N Shares -0.07% 0.54% 0.54% 8.40% 7.27%

Month End Performance as of 9/30/2014

  Month 1 Year 5 Years 10 Years Since Inception
Chase Growth Fund - N Shares -2.45% 21.58% 13.88% 7.10% 7.28%
Lipper Large-Cap Growth Funds Index -1.74% 16.87% 14.71% 7.91% 4.64%
Russell 1000 Growth Index -1.45% 19.15% 16.50% 8.94% 5.43%
S&P 500 Index -1.40% 19.73% 15.70% 8.11% 6.23%

Quarter End Performance as of 9/30/2014

  Quarter 1 Year 5 Years 10 Years Since Inception
Chase Growth Fund - N Shares -1.01% 21.58% 13.88% 7.10% 7.28%
Lipper Large-Cap Growth Funds Index 1.27% 16.87% 14.71% 7.91% 4.64%
Russell 1000 Growth Index 1.49% 19.15% 16.50% 8.94% 5.43%
S&P 500 Index 1.13% 19.73% 15.70% 8.11% 6.23%

N shares Inception: 12/2/1997 Expense ratio: 1.40%

Performance data quoted represents past performance and 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 the original cost. Current performance of the fund may be lower or higher than the performance quoted. The funds impose a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.


  Morningstar
Return
Morningstar
Risk
Morningstar
Rating™
Funds in
Category
3-Year Average Below Average 1,504
5-Year Average Low 1,334
10-Year Below Average Low 912
Overall Average Low 1,504

Morningstar Category: Large Growth; CHASX (Class N) as of 9/30/2014
The Overall Morningstar Rating for a fund is derived from a weighted average of the risk-adjusted performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Morningstar Risk and Return Ratings are components of Morningstar's risk-adjusted returns.

 

Top Ten Holdings as of 9/30/14  
Actavis PLC 3.9%
Microsoft Corp 3.8%
Skyworks Solutions Inc 3.6%
Gilead Sciences Inc 3.6%
Constellation Brands Inc 3.3%
Pepsico Inc 3.3%
CVS Health Corporation 3.1%
Verizon Communications Inc 3.1%
Union Pac Corp 3.0%
Disney Walt Co 2.9%
Click here for 9/30/14 Complete Holdings List.
   
Weighted Avg Mkt Cap (Bil) $74.6
Sector Diversification as of 9/30/14  
Consumer Disc 15.9%
Consumer Staples 9.6%
Energy 5.9%
Financials 4.4%
Health Care 16.8%
Industrials 9.3%
Materials 7.9%
Technology 25.0%
Cash 2.1%
   
   
   
Total Fund Assets (Mil) $98

 

 

Distribution History

Ex Date Per Share Income ($) Per Share Short-Term Capital Gain ($) Per Share Long-Term Capital Gain ($)
12/30/97 0.0105 0.0000 0.0000
12/30/98 0.0000 0.0000 0.0000
12/30/99 0.0000 0.0000 0.0000
12/28/00 0.0076 0.0000 0.2228
12/20/01 0.0378 0.0000 0.0000
12/30/02 0.0000 0.0000 0.0000
12/31/03 0.0000 0.0000 0.0000
12/31/04 0.0000 0.0000 0.0000
12/31/05 0.0000 0.0000 0.0000
12/20/06 0.06185062 0.0000 0.62455
12/20/07 0.03493515 0.45904 1.46379
12/18/08 0.03674076 0.0000 0.0000
12/17/09 0.0000 0.0000 0.0000
12/20/10 0.0000 0.0000 0.0000
12/15/11 0.0000 0.0000 0.25604
12/17/12 0.05689799 0.04819 5.87430
12/16/13 0.0000 0.59617 3.34686

 

© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance.

The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Chase Growth Fund was rated against U.S.-domiciled Large Growth funds. Past performance is no guarantee of future results. Morningstar Rating is for the N share class only; other classes may have different performance characteristics. Morningstar Risk scores for a given time period (three, five, or 10 years) reflect the Fund's Morningstar risk score plotted on a bell curve. This is a component of the Morningstar Risk-Adjusted Return. Morningstar Risk is displayed in decimal format. A high number indicates higher risk and low numbers indicate lower risk. Monthly calculations are based on whether the Fund scores in the top 10% of its category, its risk score is considered High; if it falls in the next 22.5% Above Average; a place in the middle 35% is Average; those lower still, in the next 22.5%, are Below Average and the bottom Low. Overall Morningstar risk score is a weighted average of the available three, five, and 10 year Morningstar risk scores. Investments with less than three years of performance history are not rated. Morningstar Return scores for a given time period (three, five, or 10 years) reflect the Fund's Morningstar return score plotted on a bell curve. This is a component of the Morningstar Risk-Adjusted Return. Monthly calculations are based on whether the Fund scores in the top 10% of its category, its return score is considered High; if it falls in the next 22.5% Above Average; a place in the middle 35% is Average; those lower still, in the next 22.5%, are Below Average and the bottom Low. Overall Morningstar return score is a weighted average of the available three, five, and 10 year Morningstar return scores. Investments with less than three years of performance history are not rated. The Morningstar percentile ranking is based on the fund's total return percentile rank relative to all funds that have the same category for the same time period. The highest (or most favorable) percentile rank is 1% and the lowest (or least favorable) percentile rank is 100%. Morningstar total return includes both income and capital gains or losses and is not adjusted for sales charges or redemptions fees.

The Lipper Large-Cap Growth Funds Index measures the performance of the 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc.
The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. Companies.
You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.

Mutual fund investing involves risk. Principal loss is possible.

The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Chase Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Chase Investment Counsel is the adviser to the Chase Funds which are distributed by Quasar Distributors, LLC.

 

CHASE GROWTH FUND

Objective

The fund seeks capital appreciation while maintaining a prudent risk profile. The purpose of the fund is to provide a sound investment in an investor's long-term financial plan.

Strategy

The fund's adviser, Chase Investment Counsel Corporation, seeks high quality large-cap growth companies that are prudently priced. Starting with a broad universe of stocks, a fundamental screen is used initially to focus on those names with a history of delivering consistent growth such as earnings growth of 10% or more for the past five years and increasing earnings in seven of the past 10 years. A further analysis refines and ranks the universe to a smaller number of stocks using additional fundamental and technical factors such as positive earnings revision/surprises, strong relative price performance, and improving profitability. The portfolio holds 30-45 stocks diversified by both sector and industry group.

Performance as of 10/29/2014

  Daily Month to date Quarter to date Year to date Inception to date
Chase Growth Fund - I Shares -0.70% 0.60% 0.60% 8.60% 6.80%

Month End Performance as of 9/30/2014

  Month 1 Year 3 Years 5 Years Since Inception
Chase Growth Fund - I Shares -2.46% 21.90% 20.78% 14.15% 6.79%
Lipper Large-Cap Growth Funds Index -1.74% 16.87% 21.75% 14.71% 7.21%
Russell 1000 Growth Index -1.45% 19.15% 22.45% 16.50% 8.38%
S&P 500 Index -1.40% 19.73% 22.99% 15.70% 6.66%

Quarter End Performance as of 9/30/2014

  Quarter 1 Year 3 Years 5 Years Since Inception
Chase Growth Fund - I Shares -0.99% 21.90% 20.78% 14.15% 6.79%
Lipper Large-Cap Growth Funds Index 1.27% 16.87% 21.75% 14.71% 7.21%
Russell 1000 Growth Index 1.49% 19.15% 22.45% 16.50% 8.38%
S&P 500 Index 1.13% 19.73% 22.99% 15.70% 6.66%

Institutional shares Inception: 1/29/2007 Expense ratio: 1.15%

Performance data quoted represents past performance and 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 the original cost. Current performance of the fund may be lower or higher than the performance quoted. The funds impose a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.


Top Ten Holdings as of 9/30/14  
Actavis PLC 3.9%
Microsoft Corp 3.8%
Skyworks Solutions Inc 3.6%
Gilead Sciences Inc 3.6%
Constellation Brands Inc 3.3%
Pepsico Inc 3.3%
CVS Health Corporation 3.1%
Verizon Communications Inc 3.1%
Union Pac Corp 3.0%
Disney Walt Co 2.9%
Click here for 9/30/14 Complete Holdings List.
   
Weighted Avg Mkt Cap (Bil) $74.6
Sector Diversification as of 9/30/14  
Consumer Disc 15.9%
Consumer Staples 9.6%
Energy 5.9%
Financials 4.4%
Health Care 16.8%
Industrials 9.3%
Materials 7.9%
Technology 25.0%
Cash 2.1%
   
   
   
Total Fund Assets (Mil) $98

 

 

Distribution History

Ex Date Per Share Income ($) Per Share Short-Term Capital Gain ($) Per Share Long-Term Capital Gain ($)
12/20/07 0.03493515 0.45904 1.46379
12/18/08 0.03674076 0.0000 0.0000
12/17/09 0.0000 0.0000 0.0000
12/20/10 0.0000 0.0000 0.0000
12/15/11 0.0000 0.0000 0.25604
12/17/12 0.06710648 0.04819 5.87430
12/16/13 0.0000 0.59617 3.34686

 

The Lipper Large-Cap Growth Funds Index measures the performance of the 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc.
The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. Companies.
You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.

Mutual fund investing involves risk. Principal loss is possible.

The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Chase Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Chase Investment Counsel is the adviser to the Chase Funds which are distributed by Quasar Distributors, LLC.

 

  • CONTACT

    300 Preston Ave.
    Suite 500
    Charlottesville, VA 22902-5096

    Adviser: 434.293.9104

    Shareholder Services:
    888.861.7556
    sales@chaseinv.com