MUHLENKAMP FUND (MUHLX)
| NAV | $70.35 |
| NAV Change (Dollars) | $0.76 |
| NAV Change (Percentage) | 1.09% |
| YTD (Percentage) | 13.05% |
| As of Date | 7/15/2024 |
Gross Expense Ratio: 1.31%
Performance data quoted, before and after taxes, represents past performance and 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. Current performance of the fund may be lower or higher than the performance quoted.
Average Annual Returns for the Month Ending 6/30/2024
| Past Year | Past 3 Years | Past 5 Years | Past 10 Years | Since Inception (11/01/88) | |
|---|---|---|---|---|---|
| Return Before Taxes | 13.95% | 11.18% | 14.50% | 6.49% | 9.19% |
| Return After Taxes on Distributions* | 13.72% | 9.90% | 13.13% | 4.84% | 8.40% |
| Return After Taxes on Distributions and Sale of Fund Shares* | 8.41% | 8.52% | 11.36% | 4.68% | 8.04% |
| S&P 500** | 24.56% | 10.01% | 15.05% | 12.86% | 11.01% |
| Consumer Price Index*** | 3.27% | 5.27% | 4.17% | 2.82% | 2.74% |
Average Annual Returns for the Quarter Ending 6/30/2024
| Past Year | Past 3 Years | Past 5 Years | Past 10 Years | Since Inception (11/01/88) | |
|---|---|---|---|---|---|
| Return Before Taxes | 13.95% | 11.18% | 14.50% | 6.49% | 9.19% |
| Return After Taxes on Distributions* | 13.72% | 9.90% | 13.13% | 4.84% | 8.40% |
| Return After Taxes on Distributions and Sale of Fund Shares* | 8.41% | 8.52% | 11.36% | 4.68% | 8.04% |
| S&P 500** | 24.56% | 10.01% | 15.05% | 12.86% | 11.01% |
| Consumer Price Index*** | 3.27% | 5.27% | 4.17% | 2.82% | 2.74% |
For a printer-friendly version of the Average Annual Returns, the Top 20 Holdings, and other Fund data, view the Quarterly Fund Fact Sheet.
Mutual fund investing involves risk. Principal loss is possible.
* After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or IRA. Please consult your tax adviser for advice concerning your particular situation and for any updates to the tax law.
** The S&P 500 is a widely recognized, un-managed index of common stock prices. The figures for the S&P 500 reflect all dividends reinvested but does not reflect any deductions for fees, expenses, or taxes. It is not possible to invest directly in an index.
*** Consumer Price Index (CPI) – As of May 2024 – U.S. CPI Urban Consumers NSA (Non-Seasonally Adjusted), Index. The Consumer Price Index tracks the prices paid by urban consumers for goods and services and is generally accepted as a measure of price inflation. Price inflation affects consumers’ purchasing power.
TOP 20 HOLDINGS
as of 06/30/2024
For a printer-friendly version of the Average Annual Returns, the Top 20 Holdings, and other Fund data, view the Quarterly Fund Fact Sheet.
| HOLDING | INDUSTRY | % OF NET ASSETS |
INDUSTRY % OF PORTFOLIO |
|---|---|---|---|
| McKesson Corporation | Health Care Providers & Services | 6.69% | 10.2% |
| Rush Enterprises, Inc. – Class A | Trading Companies & Distributors | 4.95% | 7.5% |
| EQT Corporation | Oil, Gas & Consumable Fuels | 4.49% | 8.5% |
| NMI Holdings, Inc. | Thrifts & Mortgage Finance | 4.33% | 4.3% |
| Berkshire Hathaway, Inc. – Class B | Diversified Financial Services | 4.32% | 4.3% |
| Schlumberger Ltd. | Energy Equipment & Services | 4.03% | 5.5% |
| Occidental Petroleum Corp. | Oil, Gas & Consumable Fuels | 3.96% | 8.5% |
| BCG Group, Inc. | Capital Markets | 3.80% | 3.8% |
| Microsoft Corporation | Software | 3.78% | 3.8% |
| Newmont Corporation | Metals & Mining | 3.56% | 6.8% |
| Alerian MLP | Exchange Traded Funds | 3.52% | 3.5% |
| UnitedHealth Group, Inc. | Health Care Providers & Services | 3.50% | 10.2% |
| Dow, Inc. | Chemicals | 3.26% | 3.3% |
| Royal Gold, Inc. | Metals & Mining | 3.25% | 6.8% |
| Apple, Inc. | Technology Hardware, Storage & Peripherals | 3.17 | 3.2% |
| Broadcom, Inc. | Semiconductors & Semiconductor Equipment | 3.11% | 5.9% |
| Kirby Corporation | Marine | 3.03% | 3.0% |
| MasTec, Inc. | Technology Hardware & Equipment | 2.92% | 2.9% |
| Microchip Technology, Inc. | Semiconductors & Semiconductor Equipment | 2.78% | 5.9% |
| Pulte Group, Inc. | Household Durables | 2.66% | 4.8% |
Fund holdings are subject to change and are not recommendations to buy or sell any security.
OPEN AN ACCOUNT
Before opening an account, please refer to the prospectus for important information about the investment company including investment objectives, risks, charges, and expenses. The minimum initial investment is $1,500 or $200 if the Automatic Investment Plan (AIP) is chosen. NOTE: A program of regular investing cannot assure a profit or protect against a loss in a declining market.
The links below open a PDF with fill-in capabilities for you to complete, print, sign (we require your original signature), and mail to the address indicated on the application.
Regular Account Application
Use this account application to open a new Muhlenkamp Fund account with an Individual Owner, Joint Owner, Custodial (Uniform Transfers to Minors Act), or Trust Registration.
Entity Account Application
Use this Entity Account Application to open a new Muhlenkamp Fund account for a C Corporation, Partnership, Limited Liability Company, S Corporation, Other Entity, or a Tax Exempt Organization. Do not use for IRA accounts.
Individual Retirement Account (IRA) Application and Forms
Use these forms to open a Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA or Rollover IRA, to transfer funds from an existing IRA into a Muhlenkamp Fund IRA, or to Change an IRA beneficiary. IRA Disclosure Statement / Custodial Agreement available here. NOTE: If you are opening a SEP IRA, you will need IRS Form 5305-SEP in addition to our application. If you are opening a SIMPLE IRA, you will need IRS Form 5305-SA and either 5304-SIMPLE or 5305-SIMPLE in addition to our application. Visit the IRS.gov website for these forms. Search Forms and Publications box to search for the publication number (e.g., 5305).
Coverdell Education Savings Account (CESA) Application and Forms
Use these forms to open a Coverdell Education Savings Account or transfer funds from an existing CESA to a Muhlenkamp CESA. CESA Disclosure Statement / Custodial Agreement available here.
MUHLENKAMP FUND REPORTS
Documents meet regulatory requirements when viewed using Internet Explorer.
ACCOUNT ACCESS
Shareholders of the Muhlenkamp Fund can use the MUHLENKAMP FUND ACCOUNT ACCESS SITE to:
- View account(s), including balances and transaction history.
- Purchase shares or redeem shares (redemptions limited to $50,000).
- Subscribe to electronic delivery of quarterly statements and annual tax statements.
- Order duplicate statements.
WAYS TO CONTACT MUHLENKAMP FUND SERVICES
First Class Mail:
Muhlenkamp Fund
U.S. Bank Global Fund Services
P.O. Box 701
Milwaukee, WI 53201-0701
Overnight Mail:
Muhlenkamp Fund
U.S. Bank Global Fund Services
615 E Michigan Street
Milwaukee, WI 53202
Phone:
(800) 860-3863
While the Fund is no-load, management fees and other expenses will apply. Please refer to the prospectus for further details.
Past performance does not guarantee future results.
Mutual fund investing involves risk. Principal loss is possible. The Fund may invest in foreign securities which involves political, economic and currency risks, greater volatility and differences in accounting methods. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Fund may invest in small- or mid-cap companies, which involve additional risks such as limited liquidity and greater volatility.
The opinions expressed are those of Muhlenkamp & Co. and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
Information contained on this web site does not constitute an offer to sell, or a solicitation of an offer to buy shares of the Muhlenkamp Fund, nor shall any shares be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
The Muhlenkamp Fund is distributed by Quasar Distributors, LLC.