BPV’s Flagship Funds Receive Initial Morningstar Ratings
For the first time, 2 of BPV Capital Management's funds have been rated by Morningstar.
Knoxville, TN, November 21, 2014 --(PR.com)-- BPV Capital Management, advisor to the BPV Family of Funds, announced today that its two flagship funds, the BPV Wealth Preservation Fund (BPVPX) and the BPV Core Diversification Fund (BPVDX), have been given their first fund ratings by Morningstar.
The BPV Wealth Preservation Fund (BPVPX) was rated 4-Stars for the Overall and 3 Year periods ended October 31, 2014 out of 104 funds in the Market Neutral category. The Fund’s rankings were based on its overall risk-adjusted performance over the three-year period. Over the three years ending on 10/31/2014, the Fund ranks among the top 25% of the Market Neutral category in terms of annualized returns, has experienced the lowest maximum drawdown, and ranks 2nd among lowest standard deviations, based on data from Morningstar.
“We believe this fund offers solutions for our investors,” said Mike West, Senior Partner and CEO. “This Morningstar Rating™ compared to our peers bolsters this belief, and we’re proud of the good work that George Hashbarger and his team are doing.”
In addition, the BPV Core Diversification Fund (BPVDX) was rated 2-Stars for the Overall and 3 Year periods ended October 31, 2014 out of 578 funds in the Conservative Allocation category. The Fund’s rankings were based on its overall risk-adjusted performance over the three-year period. BPVDX ranks in the top 17% of the Conservative Allocation Category in terms of year-to-date returns, as well as in the top 16% of funds for a trailing-twelve-months return, according to Morningstar data.
“We are incredibly proud of the performance of this fund over the previous three years, especially in the last twelve months. Miranda Davis and her team of analysts have done a great job managing the Fund,” said Frank Gregory, Chief Distribution Officer, BPV Capital Management.
This news comes on the heels of other major milestones for the company: two Funds reaching a three- year track record, as well as the Family of Funds growing to $200 million in combined fund AUM. In addition, BPV has launched two new funds in 2014: the BPV Low Volatility Fund (BPVLX) and the BPV Large Cap Value Fund (BPVAX).
Past performance does not guarantee future returns.
BPV ("Back Porch Vista) is focused on helping American families retire well. The BPV Family of Funds includes the BPV Core Diversification Fund (BPVDX), the BPV Wealth Preservation Fund (BPVPX), the BPV Low Volatility Fund (BPVLX), and the BPV Large Cap Value Fund (BPVAX). The funds provide a range of potential solutions that apply a more conservative approach to time-tested investment principles.
For further information on BPV Capital Management and the BPV Family of Funds, please see www.backporchvista.com and www.bpvfunds.com.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. Request a prospectus which contains this and other information by calling toll free (855) 784-2399 or visiting www.bpvfunds.com. Read the prospectus carefully before investing or sending money.
Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a Fund’s 3-, 5-, and 10-year Morningstar Rating metrics. For each U.S.-domiciled Fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a Fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of Funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one Fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
Important Risk Disclosure for the BPV Core Diversification Fund
Mutual fund investing involves risk. Principal loss is possible. ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. Diversification does not eliminate the risk of experiencing investment losses. There is no assurance that this investment strategy will consistently lead to successful investing.
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
Investments in ETFs and other registered investment companies subject the Fund to pay its proportionate share of those funds’ fees and expenses.
Commodity-related risks include production risks caused by unfavorable weather, animal and plant disease, and geologic and environmental factors. Furthermore, investments related to gold and other precious metals and minerals may fluctuate sharply over short periods of time and are considered speculative and are affected by a variety of worldwide economic, financial, and political factors.
Funds that emphasize investments in smaller companies generally experience greater price volatility.
Important Risk Disclosure for the BPV Wealth Preservation and Low Volatility Funds
Mutual fund investing involves risk. Principal loss is possible. ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. Diversification does not eliminate the risk of experiencing investment losses. There is no assurance that this investment strategy will consistently lead to successful investing.
Foreign investing involves special risks such as currency fluctuations and political uncertainty. Investments in ETFs and other registered investment companies subject the Fund to paying its proportionate share of those funds’ fees and expenses.
The Fund’s use of options involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. By investing in options, the Fund is subject to the risk of counterparty default, as well as the potential for unlimited loss.
Fixed income investments are subject to credit risk, which is the risk that a specific issuer of a fixed income security may default on its obligations to security holders.
An economic downturn or an increase in interest rates may have a negative or adverse effect on an issuer’s ability to timely make payments of principal and interest. Increases in interest rates typically lower the present value of a company’s future earnings stream. Accordingly, bond prices will generally decline when investors anticipate or experience rising interest rates.
Important Risk Disclosure for the BPV Large Cap Value Fund
Mutual fund investing involves risk. Principal loss is possible. This fund is new and has limited operating history.
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:
The share price of the Fund changes daily based on the performance of the securities in which the Fund invests, the selection of which is determined primarily by a quantitative model.
The ability of the Fund to meet its investment objective is directly related to the ability of the quantitative model to measure accurately value indicators or other factors and appropriately react to current and developing market trends. There can be no assurance that the use of the quantitative model will enable the Fund to achieve positive returns or outperform the market, and if the quantitative model fails to accurately evaluate market risk or appropriately react to current and developing market conditions, the Fund’s share price may be adversely affected. Securities prices can be volatile, and the value of securities in the Fund’s portfolio may decline due to fluctuations in the securities markets generally.
The prices of equity securities will fluctuate – sometimes dramatically – over time, and the Fund could lose a substantial part, or even all, of its investment in a particular issue.
Undervalued stocks include stocks that the Sub-Adviser believes are undervalued and/or are temporarily out of favor in the market. If these stocks are not undervalued, or they continue to be out of favor in the marketplace, then the Fund may suffer losses.
The BPV funds are distributed by Ultimus Fund Distributors, LLC. Ultimus Fund Distributors, LLC. is not affiliated with BPV Capital Management.
The BPV Wealth Preservation Fund (BPVPX) was rated 4-Stars for the Overall and 3 Year periods ended October 31, 2014 out of 104 funds in the Market Neutral category. The Fund’s rankings were based on its overall risk-adjusted performance over the three-year period. Over the three years ending on 10/31/2014, the Fund ranks among the top 25% of the Market Neutral category in terms of annualized returns, has experienced the lowest maximum drawdown, and ranks 2nd among lowest standard deviations, based on data from Morningstar.
“We believe this fund offers solutions for our investors,” said Mike West, Senior Partner and CEO. “This Morningstar Rating™ compared to our peers bolsters this belief, and we’re proud of the good work that George Hashbarger and his team are doing.”
In addition, the BPV Core Diversification Fund (BPVDX) was rated 2-Stars for the Overall and 3 Year periods ended October 31, 2014 out of 578 funds in the Conservative Allocation category. The Fund’s rankings were based on its overall risk-adjusted performance over the three-year period. BPVDX ranks in the top 17% of the Conservative Allocation Category in terms of year-to-date returns, as well as in the top 16% of funds for a trailing-twelve-months return, according to Morningstar data.
“We are incredibly proud of the performance of this fund over the previous three years, especially in the last twelve months. Miranda Davis and her team of analysts have done a great job managing the Fund,” said Frank Gregory, Chief Distribution Officer, BPV Capital Management.
This news comes on the heels of other major milestones for the company: two Funds reaching a three- year track record, as well as the Family of Funds growing to $200 million in combined fund AUM. In addition, BPV has launched two new funds in 2014: the BPV Low Volatility Fund (BPVLX) and the BPV Large Cap Value Fund (BPVAX).
Past performance does not guarantee future returns.
BPV ("Back Porch Vista) is focused on helping American families retire well. The BPV Family of Funds includes the BPV Core Diversification Fund (BPVDX), the BPV Wealth Preservation Fund (BPVPX), the BPV Low Volatility Fund (BPVLX), and the BPV Large Cap Value Fund (BPVAX). The funds provide a range of potential solutions that apply a more conservative approach to time-tested investment principles.
For further information on BPV Capital Management and the BPV Family of Funds, please see www.backporchvista.com and www.bpvfunds.com.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. Request a prospectus which contains this and other information by calling toll free (855) 784-2399 or visiting www.bpvfunds.com. Read the prospectus carefully before investing or sending money.
Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a Fund’s 3-, 5-, and 10-year Morningstar Rating metrics. For each U.S.-domiciled Fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a Fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of Funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one Fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
Important Risk Disclosure for the BPV Core Diversification Fund
Mutual fund investing involves risk. Principal loss is possible. ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. Diversification does not eliminate the risk of experiencing investment losses. There is no assurance that this investment strategy will consistently lead to successful investing.
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
Investments in ETFs and other registered investment companies subject the Fund to pay its proportionate share of those funds’ fees and expenses.
Commodity-related risks include production risks caused by unfavorable weather, animal and plant disease, and geologic and environmental factors. Furthermore, investments related to gold and other precious metals and minerals may fluctuate sharply over short periods of time and are considered speculative and are affected by a variety of worldwide economic, financial, and political factors.
Funds that emphasize investments in smaller companies generally experience greater price volatility.
Important Risk Disclosure for the BPV Wealth Preservation and Low Volatility Funds
Mutual fund investing involves risk. Principal loss is possible. ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance. Diversification does not eliminate the risk of experiencing investment losses. There is no assurance that this investment strategy will consistently lead to successful investing.
Foreign investing involves special risks such as currency fluctuations and political uncertainty. Investments in ETFs and other registered investment companies subject the Fund to paying its proportionate share of those funds’ fees and expenses.
The Fund’s use of options involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. By investing in options, the Fund is subject to the risk of counterparty default, as well as the potential for unlimited loss.
Fixed income investments are subject to credit risk, which is the risk that a specific issuer of a fixed income security may default on its obligations to security holders.
An economic downturn or an increase in interest rates may have a negative or adverse effect on an issuer’s ability to timely make payments of principal and interest. Increases in interest rates typically lower the present value of a company’s future earnings stream. Accordingly, bond prices will generally decline when investors anticipate or experience rising interest rates.
Important Risk Disclosure for the BPV Large Cap Value Fund
Mutual fund investing involves risk. Principal loss is possible. This fund is new and has limited operating history.
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:
The share price of the Fund changes daily based on the performance of the securities in which the Fund invests, the selection of which is determined primarily by a quantitative model.
The ability of the Fund to meet its investment objective is directly related to the ability of the quantitative model to measure accurately value indicators or other factors and appropriately react to current and developing market trends. There can be no assurance that the use of the quantitative model will enable the Fund to achieve positive returns or outperform the market, and if the quantitative model fails to accurately evaluate market risk or appropriately react to current and developing market conditions, the Fund’s share price may be adversely affected. Securities prices can be volatile, and the value of securities in the Fund’s portfolio may decline due to fluctuations in the securities markets generally.
The prices of equity securities will fluctuate – sometimes dramatically – over time, and the Fund could lose a substantial part, or even all, of its investment in a particular issue.
Undervalued stocks include stocks that the Sub-Adviser believes are undervalued and/or are temporarily out of favor in the market. If these stocks are not undervalued, or they continue to be out of favor in the marketplace, then the Fund may suffer losses.
The BPV funds are distributed by Ultimus Fund Distributors, LLC. Ultimus Fund Distributors, LLC. is not affiliated with BPV Capital Management.
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