Wedgewood

Overview

Wedgewood seeks to make investments in approximately 20 companies, with market capitalizations in excess of $5 billion, which it believes have above-average growth prospects. Wedgewood invests in businesses that it believes are market leaders with long-term sustainable competitive advantage. It patiently waits for opportunities to purchase what it believes are great businesses at attractive prices. While Wedgewood invests in growth it believes that valuation is the key to generating attractive returns over the long-term. Unlike most growth investors, Wedgewood is not a momentum investor but rather a contrarian growth investor. Wedgewood is a firm that believes in investing as opposed to trading and generally experiences portfolio turnover of less than 50% annually.

For further information on the sub-advisor, please visit www.wedgewoodpartners.com.



David Rolfe
David A. Rolfe

Our Portfolio Manager


David A. Rolfe

CFA, Chief Investment Officer, Wedgewood Partners Principal of RiverPark Advisors, LLC

Wedgewood Partners (Wedgewood), a St. Louis based investment management firm, serves as the Sub-Adviser to the RiverPark/Wedgewood Fund. David A. Rolfe is the portfolio manager primarily responsible for the investment decisions of the Fund. With 29 years of investment experience, David joined Wedgewood 23 years ago and is the architect of Wedgewood's focused strategy. David has been the strategy's primary portfolio manager since the product's inception in 1992.

David holds a BA in Finance from the University of Missouri at St. Louis.

In-Depth Philosophy & Process

RiverPark/Wedgewood Fund

Performance

Returns as of TBD

NAV Daily YTD
RiverPark/Wedgewood Fund Institutional (RWGIX)
RiverPark/Wedgewood Fund Retail (RWGFX)

Returns as of TBD

MTD YTD 1 Year 3 Years* 5 Years* Since
Inception*
RWGIX - Inception Date:9/30/2010
RWGFX - Inception Date:9/30/2010

Returns as of Quarter Ending TBD

QTD YTD 1 Year 3 Years* 5 Years* Since
Inception*
RWGIX - Inception Date:9/30/2010
RWGFX - Inception Date:9/30/2010

* Returns presented for periods less than 1 year are cumulative, returns for periods greater than 1 year are annualized.

Expense Ratio: Institutional: 0.85%, Retail: 1.08% as of the most recent prospectus, dated January 25, 2018.

The performance quoted herein represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost, and current performance may be higher or lower than the performance.

The Fund offers two classes of shares. Retail Class shares have a shareholder services fee of up to 0.25% per annum of average daily net assets. Institutional Class shares have no shareholder services fee. For more information, please see the prospectus.

Total one year and year to date returns for the Retail Class Shares has been increased by a one-time adjustment as a result of a management change in estimate relating to shareholder servicing and administrative servicing fees. Had this change in estimate not occurred, total return would have been lower.

Full Holdings *

As of TBD

Security Ticker % of Total Portfolio

Holdings Subject to change.

*The positions reflected above are a list of the long equity positions held by the Fund. The position weightings are the result of the total market value of each long equity security over the total market value of the long equity securities and the settlement date basis cash balance(s) of the Fund.

Commentary

3/31/2018
1st Quarter 2018 RiverPark/Wedgewood Fund Quarterly Update

12/31/2017
4th Quarter 2017 RiverPark/Wedgewood Fund Quarterly Update

9/30/2017
3rd Quarter 2017 RiverPark/Wedgewood Fund Quarterly Update

6/30/2017
2nd Quarter 2017 RiverPark/Wedgewood Fund Quarterly Update

3/31/2017
1st Quarter 2017 RiverPark/Wedgewood Fund Quarterly Update

12/31/2016
4th Quarter 2016 RiverPark/Wedgewood Fund Quarterly Update

9/30/2016
3rd Quarter 2016 RiverPark/Wedgewood Fund Quarterly Update

6/30/2016
2nd Quarter 2016 RiverPark/Wedgewood Fund Quarterly Update

3/31/2016
1st Quarter 2016 RiverPark/Wedgewood Fund Quarterly Update

12/31/2015
4th Quarter 2015 RiverPark/Wedgewood Fund Quarterly Update

9/30/2015
3rd Quarter 2015 RiverPark/Wedgewood Fund Quarterly Update

6/30/2015
2nd Quarter 2015 RiverPark/Wedgewood Fund Quarterly Update

3/31/2015
1st Quarter 2015 RiverPark/Wedgewood Fund Quarterly Update

12/31/14
4th Quarter 2014 RiverPark/Wedgewood Fund Quarterly Update

9/30/14
3rd Quarter 2014 RiverPark/Wedgewood Fund Quarterly Update

7/25/14
2nd Quarter 2014 RiverPark/Wedgewood Fund Quarterly Update

3/31/2014
1st Quarter 2014 RiverPark/Wedgewood Fund Quarterly Update

2/25/14
4th Quarter 2013 RiverPark/Wedgewood Fund Quarterly Update

10/31/13
3rd Quarter 2013 RiverPark/Wedgewood Fund Quarterly Update

07/29/13
2nd Quarter 2013 RiverPark/Wedgewood Fund Quarterly Update

04/25/13
1st Quarter 2013 RiverPark/Wedgewood Fund Quarterly Update

02/04/13
4th Quarter 2012 RiverPark/Wedgewood Fund Quarterly Update

11/08/12
3rd Quarter 2012 RiverPark/Wedgewood Fund Quarterly Update