PRM - Ensemble Fund Q1 2024 Investment Update
2024-04-18 09:15:00 ET
Summary
- The Ensemble Fund seeks to achieve long-term capital appreciation. The Fund invests in a focused portfolio of approximately 15 to 30 securities that meet our demanding criteria.
- After outperforming the market handily in the previous quarter, the fund produced returns in line with the S&P 500 this quarter.
- But despite the conventional wisdom that the market rally is being powered exclusively by technology companies, particularly those related to the artificial intelligence industry, in the fund we have seen strong gains across a variety of companies during the two-quarter rally.
| As of March 31, 2024 |
| 1Q24 |
| 1 Year |
| 3 Year |
| 5 Year |
| SinceInception* |
| Ensemble Fund |
| 10.39% |
| 30.34% |
| 4.68% |
| 13.13% |
| 12.75% |
| S&P 500 |
| 10.56% |
| 29.88% |
| 11.49% |
| 15.05% |
| 13.56% |
| *Inception Date: November 2, 2015 Performance data represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Performance data current to the most recent month end are available on our website at WWW.ENSEMBLEFUND.COM . Fund Fees: No loads; 1% gross expense ratio. |
The market staged a significant rally in the first quarter of 2024, jumping 10.56%. These gains added to the 11.69% rally seen during the fourth quarter of 2023. After outperforming the market handily in the previous quarter, the fund produced returns in line with the S&P 500 this quarter.
Any time the market stages a large and rapid rally, at least some investors worry that the market has moved “too far, too fast.” But more often than not, rapid and large market rallies are followed by strong subsequent market performance....
Ensemble Fund Q1 2024 Investment Update