Hillman Value Fund (HCMAX)

Overview

The fund is focused on investing mainly in common stocks of U.S. companies that possess competitive advantages yet are momentarily undervalued due to non-recurring or short-term challenges. These are companies whose potential value is either underestimated or not fully recognized by the public. By capitalizing on these market inefficiencies, the fund aims to achieve its objective, focusing on long-term growth through strategic investments in temporarily undervalued assets.

Products and Services

The fund's primary products and services revolve around investment opportunities in undervalued U.S. companies, categorized as follows:

• Investments in Common Stocks - The fund strategically invests in the common stocks of companies that exhibit a strong competitive edge but whose stocks have fallen out of favor due to temporary issues. This core investment strategy aims to capitalize on the eventual market correction when these companies' true value is recognized.
• Focus on Companies with Competitive Advantages - Companies selected for investment are those that have sustainable competitive advantages, such as strong brand recognition, proprietary technology, or significant market share. These characteristics are considered critical for long-term success and resilience against market volatilities.
• Targeting Temporarily Undervalued Assets - The investment approach is centered on identifying assets that are temporarily undervalued due to non-recurring or short-term factors. By focusing on these opportunities, the fund aims to purchase stocks at a discount and benefit from their value appreciation as the market corrects itself.
• Capitalizing on Market Inefficiencies - Recognizing and capitalizing on market inefficiencies is a cornerstone of the fund's strategy. This involves investing in companies whose potential value is not yet fully recognized by the public or the market, thereby positioning the fund to realize gains as this recognition unfolds.