Meehan Focus Fund (MEFOX)

Overview

The fund is designed for investors seeking significant growth potential over a period of at least three years. With a focus on investing primarily in common stocks, the fund targets companies that demonstrate the capacity for considerable growth. It operates with a selective portfolio approach, limiting its investments to a maximum of 45 issuers, which helps in maintaining a concentrated investment strategy. Although primarily focused on U.S. securities, the fund also opens the door to international markets through investments in foreign securities, including ETFs and ADRs—offering a broader scope of growth opportunities. Its non-diversified status signifies a strategic choice to potentially increase gains by taking more concentrated positions in fewer assets compared to diversified funds.

Products and Services

The fund provides a variety of investment opportunities designed to cater to investors looking for growth. These include:

• U.S. Common Stocks: Investing in common stocks of companies based in the United States that show the potential for considerable growth over a certain period. This forms the core of the fund's investment strategy, focusing on identifying and investing in high-growth domestic companies.
• Securities Convertible into Common Stock: The fund may also invest in securities that can be converted into common stock, such as convertible bonds or convertible preferred shares. This allows the fund to potentially benefit from the growth of the issuing company, with the added benefit of conversion into common stock.
• Foreign Securities: Diversification beyond U.S. markets through investments in foreign securities. This strategy enables the fund to tap into the growth potential of companies in emerging and established markets outside the United States.
• Exchange-Traded Funds (ETFs): The fund may invest in ETFs to gain exposure to foreign securities efficiently. ETFs provide a way to invest in a broad array of companies within or across specific sectors, countries, or regions, enabling the fund to diversify its international investments effectively.
• Issuer-Sponsored American Depository Receipts (ADRs): By investing in ADRs, the fund can own shares of foreign companies without dealing with the complexities of foreign stock exchanges. ADRs are a convenient way to invest in non-U.S. companies, offering a pathway to participate in the growth of international markets.