UTFOX — Utah Focus Fund

UTFOX Fund Overview

UTFOX — Utah Focus Fund is a US mutual fund managed by Starboard Investment Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Starboard Investment Trust
• Category: United States Blend / Core Equity
• Assets under management: $2.18M
• Ticker: UTFOX
• SEC CIK: 0001464413
• SEC series ID: S000077874
• Share class ID: C000238475

UTFOX Investment Objective and Strategy

Utah Focus Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Starboard Investment Trust.

Investment objective

The Utah Focus Fund (the Fund) seeks to provide long-term capital appreciation.

Principal investment strategy

Under normal circumstances, the Fund will invest at least 80% of the Funds net assets (plus borrowings for investment purposes) in domestic equity securities, including common stock and preferred stock, of companies with significant economic ties to the State of Utah. The Advisor defines companies with significant economic ties to the State of Utah as: (i) companies that are domiciled or headquartered in the State of Utah; or (ii) companies that derive a majority of their revenue from goods produced or sold or services performed in the State of Utah (a Utah Company). The Advisor expects that the portfolio will consist of approximately 30 to 40 stocks. The Advisor will begin with a pool of all publicly traded Utah Companies as identified by the Advisor in publicly available filings. From that pool, the Advisor will then determine , in its educated opinion, if any securities should be eliminated in order to best achieve the Funds objective of long-term capital appreciation.

The Advisors opinion is based on practical measurements ( liquidity and trading volume ) and fundamental analysis (industry conditions for each company, individual company financial conditions, pending bankruptcy, valuation, growth and income prospects, and management qualifications). With up to 20% of the Funds portfolio, the Advisor may also purchase a security of a company that makes an announcement of new or expanded significant ties to the State of Utah that would qualify it to be considered a Utah Company. The Advisor may also sell a security following an announcement of reduced ties to the State of Utah that would disqualify it from being a Utah Company. Before trading, the Advisor will review the portfolios holdings to ensure that the positions meet the qualifications as outlined and determine the amounts to buy and sell based on the Advisors interpretation of the practical measurements and the fundamental analysis.

The Advisor will evaluate the securities at least quarterly to determine whether to rebalance the Funds portfolio based on the Advisors interpretation of the practical measures and fundamental analysis . Companies in the Funds portfolio will also be monitored to ensure they continue to meet the criteria of a Utah Company. The Advisor will make adjustments to the portfolio as needed based on this monitoring. The Fund is not limited in its investments by market capitalization or sector criteria, though it focuses on small and micro-cap equities. The Fund is a non-diversified series of the Trust.

UTFOX Costs and Fees

UTFOX costs about $190 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.90%
• Gross expense ratio: 1.90%
• Brokerage commissions: 22.79 bps of average net assets (SEC N-CEN)

UTFOX Cashflows

Over the 12 months to 2023-09, Utah Focus Fund had net inflows of $2.36M, from monthly SEC N-PORT filings.

UTFOX Debt Constituents

No individual debt constituents are reported in Utah Focus Fund's latest SEC N-PORT filing.

UTFOX Prospectus and SEC Filings

Official Utah Focus Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-10-20
• Portfolio holdings (N-PORT) — filed 2023-11-22
• Portfolio holdings (N-PORT) — filed 2023-08-29
• Portfolio holdings (N-PORT) — filed 2023-05-15
• Annual census (N-CEN) — filed 2023-12-14

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

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.