Partners III Opportunity Fund : Overview

Fund Statistics

As of June 30, 2019
Total Net Assets (Millions) $635.9
Net Asset Value (NAV) as of 09/16/19 $16.61
Expense Ratio %* 1.56%
Sales Charges None
Redemption Charge None
Minimum Investment** $1,000,000
Ticker Symbol WPOPX
CUSIP Number 94904P708
Fund Number 310
Inception Date June 1, 1983
Fund Manager

Morningstar Rating :

As of August 31, 2019

Morningstar Style Box :

As of August 31, 2019
Long-Short Equity

Partners III Opportunity Fund Objective

The Partners III Opportunity Fund is a no load, concentrated fund with the flexibility  to invest in companies of all sizes.  The Fund is unique in that it often invests in put and call options and futures transactions.  Built to capitalize on opportunity as it arises, this Fund is able to borrow money and short sell when beneficial.  These additional abilities may be used to invest more in our highest conviction holdings.  

*Year ended 3/31/19. Includes 0.40% dividend expense on securities sold short.

**As of July 31, 2014
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The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Partners III Opportunity Fund-Institutional Class was rated against the following numbers of Long-Short Equity funds over the following time periods: 199 funds in the last three years, 118 funds in the last five years, and 33 funds in the last ten years. Past performance is no guarantee of future results.