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Home > Financial Services > Mutual Funds > Westport Investments
Westport Investments
Investment Management for The Westport Funds is provided by Westport Advisers, L.L.C., and an affiliate of Westport Asset Management, Inc. The Westport Funds’ senior investment professionals combine more than 50 years of portfolio management experience.
Westport Fund seeks capital appreciation; income is secondary. The fund primarily invests in common stocks of companies that the advisor believes are undervalued. It may invest in companies of any size, but intends to focus on small or mid capitalization companies. The fund may also invest in securities convertible into common stocks, preferred stocks, and debt. It may invest in foreign securities through American depositary receipts.
Westport Select Cap Fund seeks capital appreciation. The fund normally invests at least 65 percent of assets in common stocks of small companies with market capitalizations of 1 billion dollars or less. It may invest to a limited degree in companies with larger market capitalizations. The fund may also invest in securities convertible into common stocks, preferred stocks, and debt. It may invest in foreign securities through American depositary receipts.
Westport Fund seeks a return composed of primarily capital appreciation and secondarily current income. Normally, the Westport Fund invests primarily in undervalued common stocks of mid capitalization companies. A mid-capitalization company is defined as having a market value between 2 dollars and 10 billion dollars. The Westport Fund will opportunistically invest in securities of companies with both larger and smaller market capitalizations, but expects the median market capitalization of the Fund to be in the mid capitalization range.
The Westport Fund considers several factors as part of its analysis for determining value, primarily the potential for capital appreciation and secondarily the potential for current income. However, the companies in which the Westport Fund invests typically do not distribute a meaningful level of earnings as dividends. Consequently, a company’s potential for capital appreciation receives much greater emphasis than current income.
Investing in the Westport Fund and the Westport Select Cap Fund involves the risks of investing in small and mid capitalization companies, which generally involve greater risk and volatility than investing in larger, more established companies.
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