Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Fall 2016
Sep 30, 2016
“In our study of panics over centuries, we see how a semi-informed public will pool up in rising expensive markets only to unwind in down markets.”
Auxier Report: Summer 2016
Jun 30, 2016
“Historically, market indices can be flat for decades. The Dow Jones Industrials rose one measly point between 1964-1981.”
Auxier Report: Spring 2016
Mar 31, 2016
“Our competitive advantages are cumulative knowledge of individual businesses, passion for research, and emphasis on price versus value.”
Auxier Report: Year End 2015
Dec 31, 2015
“Our competitive advantages are cumulative knowledge of individual businesses, passion for research, and emphasis on price versus value.”
Auxier Report: Fall 2015
Sep 30, 2015
“Such global cyclical stocks, as a group, have trailed far behind high-quality consumer businesses……”