|
|
 |
| |
|
Home > Financial Services > Mutual Funds > Wisdom
Wisdom
The Wisdom Fund is a mutual fund managed by Atlanta Investment Counsel, LLC. The Fund seeks to emulate as closely as possible the investment management policies of Berkshire Hathaway Holdings (BHH). The Fund also seeks to achieve this objective by investing as closely as possible in the securities known to be owned by BHH. BHH generally holds investments in common stocks of both publicly traded and privately held companies.
The Fund's holdings will be primarily composed of both securities substantially identical to those publicly traded securities owned by BHH, and securities which the advisor believes possess similar characteristics to those of the privately held companies owned by Berkshire Hathaway, to the extent those investments by Berkshire Hathaway are publicly known. It is the intent of the Fund to own each security in the same relative percentage as that security represents in the total investment portfolio of BHH.
With a market cap of over100 billion dollars Berkshire Hathaway is priced at a substantial premium to the net asset value of the company's portfolio. The Wisdom Fund does not trade at a premium or a discount to its N.A.V. because it is an open-end mutual fund. The Atlanta Investment Counsel, LLC was formed in 1998 to act as the advisor to The Wisdom Fund. The president and Chief Investment Officer is C. Douglas Davenport, J.D., with over 23 years in the investment business and is responsible for day-to-day management of the Fund.
Investment in the Fund is subject to investment risks, including, without limitation, tracking risks, an investor in the Fund should not expect that the investment performance of the Fund will be able to track the investment performance of Berkshire Hathaway, Inc., non-diversified risk, industry concentration risk and other risks as set forth in the Fund's prospectus. More information about these risks and other risks can be found in the Fund's prospectus.
The Wisdom Fund is a non-diversified fund which seeks to provide investors with a maximum total return. The fund will typically invest at least 65 percent of assets in publicly traded securities held by Berkshire Hathaway Holdings (BHH). It is the intent of the fund to own each security in the same relative percentage as that security represents the total investment portfolio of BHH. The initial investment is set at a minimum of 2,500 dollars with subsequent investments of 250 dollars of multiples there of.
The funds have a team of fund managers that are highly experienced in the field of investment and work diligently when it comes to handling your investment thus your investment is secure to a great extent even though one must keep in mind that there are risks involved in any type of investment. The expertise of the managers minimizes your risk.
Financial Services Companies
all are here at FinancialBrowsers.com Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Mutual Funds
|
|
|
|
|
|
|