SLCTX — Selective Opportunity Fund
Data updated: 2021-05-27
SLCTX — Selective Opportunity Fund. Global (incl. US) Growth Equity · $152.07M AUM · 0.93% expense ratio. Holdings, fees, performance and SEC filings.
SLCTX Fund Overview
SLCTX — Selective Opportunity Fund is a US mutual fund managed by Unified Series Trust, categorised as Global (incl. US) Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Unified Series Trust
- Category: Global (incl. US) Growth Equity
- Assets under management: $152.07M
- 1-year return: 40.5%
- Ticker: SLCTX
- SEC CIK: 0001199046
- SEC series ID: S000055751
- Share class ID: C000175573
SLCTX Investment Objective and Strategy
Selective Opportunity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Unified Series Trust.
Investment objective
The investment objective of the Selective Opportunity Fund (the “Fund”) is maximizing long-term returns while protecting client principal.
Principal investment strategy
The Fund invests primarily in equity securities of U.S. and foreign companies of any market capitalization that the Funds Adviser believes possess a durable competitive advantage and are capable of producing superior returns. The Funds Adviser, Selective Wealth Management, LLC (the Adviser), uses its Selective Process to identify companies that it believes (1) produce products or services for which there are few good substitutes, (2) have a durable competitive advantage, (3) are highly profitable (as measured by return on equity), (4) have prudent debt levels, (5) have management that skillfully reinvests earnings, and (6) are led by outstanding individuals. The Adviser considers companies meeting all six criteria to be Selective Companies, and seeks to add the securities of these companies to the Funds portfolio at attractive valuations.
The Fund may also invest in companies based on special situations, such as companies that the Adviser believes may be involved in mergers, reorganizations, liquidations or recapitalizations that will cause an increase in value of the company. The Adviser may make a decision to invest in such a company based on its fundamental analysis of a company, or based on external factors, such as the filing of 13D reports with the SEC. The Fund is non-diversified and focuses its investments in a relatively small number of Selective Companies, typically seeking to hold between 15 and 25 companies (although the number may vary depending on market conditions). The Fund may also invest a substantial portion of its assets in cash and cash equivalents, including money market funds and other short term fixed income investments, in seeking to protect principal.
Equity securities in which the Fund may invest include common stocks and preferred stocks. The Fund may invest in foreign companies either directly or through American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). The Fund may at times initiate a position in a Selective Company by writing (selling) a call option on the equity security at the same time it buys the security. This covered call position gives the Fund exposure to the Selective Company at a lower cost basis, with downside protection, but gives up some of the upside return. The Fund may also purchase call options on equity securities of Selective Companies that it believes may increase substantially in value in the near future.
SLCTX Performance
Total returns for SLCTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 40.5% |
SLCTX Risk Information
Risk metrics for SLCTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.4%
SLCTX Costs and Fees
SLCTX costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 0.93%
- Portfolio turnover: 37%
- Brokerage commissions: 1.11 bps of average net assets (SEC N-CEN)
SLCTX Cashflows
Over the 12 months to 2021-03, Selective Opportunity Fund had net inflows of $15.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | −$3.48M |
| 2021-02 | −$184.21K |
| 2021-01 | −$750.32K |
| 2020-12 | −$2.21M |
| 2020-11 | −$328.13K |
| 2020-10 | $2.42M |
SLCTX Debt Constituents
No individual debt constituents are reported in Selective Opportunity Fund's latest SEC N-PORT filing.
SLCTX Prospectus and SEC Filings
Official Selective Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-08
- Prospectus (485BPOS) — filed 2019-05-08
- Prospectus (485BPOS) — filed 2018-05-03
- Portfolio holdings (N-PORT) — filed 2021-05-27
- Portfolio holdings (N-PORT) — filed 2021-02-24
- Portfolio holdings (N-PORT) — filed 2020-11-25
- Annual census (N-CEN) — filed 2021-03-05
- Annual census (N-CEN) — filed 2020-03-09
Related Funds
Other Global (incl. US) Growth 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.