POPLAR FOREST CAPITAL – ACTIVE. CONTRARIAN. VALUE.
“I’m a great believer in luck and I find the harder I work the more I have of it.” – Thomas Jefferson
Formed in September 2007, Poplar Forest Capital provides active investment management to select individual and institutional investors. As of March 2017, the firm managed approximately $1.6 billion of assets using a focused, disciplined and long-term contrarian approach to investing. Poplar Forest offers three mutual funds.
Poplar Forest Partners Fund
Established in 2009, our flagship fund is a U.S. focused, contrarian value fund designed to be a core portfolio holding for long-term investors. The Fund seeks long-term growth of capital by investing primarily in equity securities of under-appreciated large and medium-sized companies and industries. Poplar Forest Partners is a concentrated portfolio of 25 to 35 stocks built without regard to the market cap or the sector weightings of the S&P 500®.
Performance At A Glance
QUARTER-END PERFORMANCE AS OF 9/30/2016
| 3 Months | YTD | 5 Years | Since Inception | |
|---|---|---|---|---|
| Value Fund Class I | 9.41% | 59.94% | 11.37% | 9.72% |
| Value Fund Class II | 9.39% | 59.78% | 18.76% | 6.54% |
| Value Fund Class III | 5.34% | 53.12% | 13.44% | 8.57% |
| Value Fund Class IV | 8.87% | 18.84% | 9.87% | 6.74% |
| Value Fund Class V | 15.49% | 9.80% | 16.31% | 8.23% |
Poplar Forest Cornerstone Fund
Established on January 1, 2015 the Poplar Forest Cornerstone Fund is a balanced fund of U.S. focused equity and debt securities. The Fund may be suitable for long-term investors who seek a combination of both capital growth and preservation with less volatility than would generally be inherent in an all equity account. The Cornerstone Fund is designed to be a core portfolio holding.
Performance At A Glance
QUARTER-END PERFORMANCE AS OF 9/30/2016
| 3 Months | YTD | 5 Years | Since Inception | |
|---|---|---|---|---|
| Value Fund Class I | 9.41% | 59.94% | 11.37% | 9.72% |
| Value Fund Class II | 9.39% | 59.78% | 18.76% | 6.54% |
| Value Fund Class III | 5.34% | 53.12% | 13.44% | 8.57% |
| Value Fund Class IV | 8.87% | 18.84% | 9.87% | 6.74% |
| Value Fund Class V | 15.49% | 9.80% | 16.31% | 8.23% |
Poplar Forest Outliers Fund
Established on January 1, 2015 the Poplar Forest Outliers Fund is a U.S. focused, contrarian value fund designed for long-term investors interested in the growth potential of under-appreciated medium and small sized companies and industries. The Fund may be suitable for investors who seek capital growth and are comfortable with the increased volatility that can come with these kinds of investments.
Performance At A Glance
QUARTER-END PERFORMANCE AS OF 9/30/2016
| 3 Months | YTD | 5 Years | Since Inception | |
|---|---|---|---|---|
| Value Fund Class I | 9.41% | 59.94% | 11.37% | 9.72% |
| Value Fund Class II | 9.39% | 59.78% | 18.76% | 6.54% |
| Value Fund Class III | 5.34% | 53.12% | 13.44% | 8.57% |
| Value Fund Class IV | 8.87% | 18.84% | 9.87% | 6.74% |
| Value Fund Class V | 15.49% | 9.80% | 16.31% | 8.23% |
Active Share
How can investors know whether a portfolio is active or passive? One metric is called “Active Share.” Active Share measures the degree to which a fund’s portfolio differs from the holdings of its benchmark. The higher the active share number, the more active and independent a portfolio is from its benchmark. An Active Share score of 100, for example, indicates that a fund has perfect independence from its benchmark; an Active Share score of zero indicates that the fund is more like a passive index fund. Active Share is not a predictor of future performance.
ACTIVE SHARE SCORES AS OF MARCH 31, 2017
| Poplar Forest Partners Fund | 91.7% |
| Poplar Forest Cornerstone Fund | 89.5% |
| Poplar Forest Outliers Fund | 95.1% |
A MESSAGE FROM OUR CEO
An investment strategy designed to endure.
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