The Fund’s annual net operating expense ratio remains 0.99%, effective to 04/30/16, due to the Adviser’s contractual agreement to waive its fee and/or reimburse expenses to limit Total Annual Fund Operating Expenses. In the current prospectus, the Fund’s total annual operating expense ratio is 1.32%.
NOW AVAILABLE ONLINE. Read, download or print the latest quarterly reports from the Polaris Global Value Fund. Reports include information on portfolio stocks, recent purchases/sales and the investment outlook for the coming quarters.
In a recent interview, Mr. Horn discussed the beginning of his career, founded on education and experience at real companies learning about cash flow creation. He went on to discuss the Fund’s current investment weightings as well as buys and sells.
MFO penned an article, noting that the Fund sports one of the longer records among global stock funds, low expenses, excellent tax efficiency, dogged independence and positive long term returns (since inception as of 7/31/89).