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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……”

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