Prospector Opportunity Fund
Data updated: 2024-11-25
C000051590 — Prospector Opportunity Fund. United States Value Equity · 1.26% expense ratio · 29.4% 1-yr return. Holdings, fees, performance and SEC filings.
C000051590 Fund Overview
Prospector Opportunity Fund is a US mutual fund managed by Prospector Funds, Inc., categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prospector Funds, Inc.
- Category: United States Value Equity
- 1-year return: 29.4%
- SEC CIK: 0001402472
- SEC series ID: S000018597
- Share class ID: C000051590
C000051590 Investment Objective and Strategy
Prospector Opportunity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prospector Funds, Inc..
Investment objective
The investment objective of the Opportunity Fund (the Opportunity Fund or the Fund) is capital appreciation.
Principal investment strategy
Under normal market conditions, the Opportunity Fund invests primarily in a variety of equity and equity-related securities, including common stocks. The Opportunity Fund attempts to buy investments priced to generate long-term total returns significantly above those of general stock indices and U.S. treasuries. Using a value orientation, the Investment Manager invests in positions in the United States and other developed markets. The Investment Managers investment strategy consists of bottom-up fundamental value analysis with an emphasis on balance sheet strength. In evaluating potential investments, the Investment Manager considers qualitative factors, including quality of management, quality of product or service, overall franchise or brand value, composition of the board of directors, and the uniqueness of the business model.
The Investment Manager looks for the presence of catalysts to improve internal performance, such as a change in management, a new management incentive program closely linked to the price of the stock, the sale of an underperforming asset or business unit, or a positive change in industry fundamentals. The Investment Manager believes that fundamental analysis can identify undervalued investment opportunities. Substantial gains are possible whenever a securitys price does not accurately reflect future cash flow and earnings power or where current or future asset values have not been fully recognized. The Investment Manager believes that risk can be managed through a careful selection process that focuses on the relationship between the actual market price of a security and the intrinsic value of which the security represents an interest.
The investment program of the Opportunity Fund focuses on value. The Investment Manager believes that value will typically be manifest in one of four ways: (1) attractive corporate financial characteristics such as free cash flow yield, dividend yield and price/earnings (P/E) ratio; (2) inexpensive underlying assets as measured by analytical techniques such as private market value, replacement cost, or mark to market; (3) depressed stock price (often known as contrarian investing); and (4) companies with growth characteristics selling substantially less expensive compared to their own history or other similar growers. Suitable securities often look attractive on more than one measure of value. In pursuit of its value-oriented strategy, the Opportunity Fund may invest substantially in small and mid-cap companies.
For the purposes of this investment policy, small to mid-cap companies are defined as companies with market capitalizations at the time of purchase in the range of $150 million to $15 billion. The Investment Manager believes that, within the small to mid-cap universe of equity securities, incremental returns can be achieved by combining a disciplined quantitative approach with traditional fundamental analysis. The Opportunity Fund has no fixed ratio for small and mid-cap securities in its portfolio, and while its focus is on securities of U.S. companies, it may invest in securities of non-U.S. issuers as well. The Opportunity Fund may also engage in currency transactions as well as transactions involving the purchase and sale of options on securities and other types of derivatives.
C000051590 Holdings
Top 10 holdings of Prospector Opportunity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Treasury Obligations Fund | 5.76% |
| Curtiss-Wright Corp | 4.35% |
| Brown & Brown Inc | 3.26% |
| Littelfuse Inc | 3.15% |
| Fairfax Financial Holdings Ltd | 2.70% |
| Primerica Inc | 2.60% |
| Arthur J Gallagher & Co | 2.48% |
| Leidos Holdings Inc | 2.44% |
| Carrier Global Corp | 2.33% |
| Globe Life Inc | 2.27% |
C000051590 Portfolio Allocation
Asset-class allocation of Prospector Opportunity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.2% |
| Cash & Equivalents | 5.8% |
C000051590 Performance
Total returns for C000051590 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 29.4% |
| 3 years (annualised) | 10.1% |
C000051590 Risk Information
Risk metrics for C000051590, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.4%
C000051590 Costs and Fees
C000051590 costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.38%
- Portfolio turnover: 32%
- Brokerage commissions: 3.04 bps of average net assets (SEC N-CEN)
C000051590 Cashflows
Over the 12 months to 2024-09, Prospector Opportunity Fund had net inflows of $8.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | $3.34M |
| 2024-08 | $1.05M |
| 2024-07 | −$83.66K |
| 2024-06 | $1.05M |
| 2024-05 | $1.50M |
| 2024-04 | −$1.52M |
C000051590 Debt Constituents
No individual debt constituents are reported in Prospector Opportunity Fund's latest SEC N-PORT filing.
C000051590 Prospectus and SEC Filings
Official Prospector Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2024-11-25
- Portfolio holdings (N-PORT) — filed 2024-11-25
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Annual census (N-CEN) — filed 2024-10-30
- Annual census (N-CEN) — filed 2024-03-13
Related Funds
Other United States Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.