Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Summer 2019
Jun 30, 2019
“New technology disrupters garner excitement and often nosebleed valuations.”
Auxier Report: Spring 2019
Mar 31, 2019
“Trade uncertainty and Brexit are contributing to weakness in Europe, Japan and China which impacts US companies exposed to those end markets.”
Auxier Report: Winter 2018
Dec 31, 2018
“There are no easy formulas. It is day-to-day nitty gritty grinding focus on details. Costco founder Jim Sinegal was famous for his saying “retail is detail.” That is what serious investing is all about. Otherwise you are speculating.”
Auxier Report: Fall 2018
Nov 16, 2018
“For the past decade momentum strategies continued to outpace those based on price, value and buying at a discount to intrinsic value. That may be changing.”
Auxier Report: Summer 2018
Jun 30, 2018
“Higher inflation rates tend to compress stock price-earnings ratios making high expectation momentum strategies vulnerable to sharp corrections on earnings disappointments. “