Masters' Select Funds, which employ Litman/Gregory's due diligence to select managers it believes are highly-skilled, is pleased to announce the launch of a "No-Transaction Fee" (NTF) share-class for its Masters' Select Equity and Masters' Select International Funds. This new class is named "Investor" class shares and the existing share class has become the "Institutional" class shares. Current shareholders will be unaffected other than the name change and are not required to take any action.
New Investor Class Shares
Masters' Select Fund
Ticker
CUSIP
Masters' Select Equity
MSENX
576417 505
Masters' Select International
MNILX
576417 604
We expect this new share-class to be available shortly on a number of advisor platforms, including Fidelity, Pershing and TD Ameritrade. Please contact us for additional information or with questions. We will communicate additional details as they become available.
About The Masters' Select Concept
Utilize Litman/Gregory's due diligence expertise to identify stock pickers we believed to be highly skilled
Give each stock picker a mandate to own no more than 15 of their highest-conviction holdings
Create diversification through the multi-manager structure
Maintain a high level of flexibility for the managers by limiting each Funds' asset base
Here is What Morningstar Says About the Masters' Select Funds:
"Meanwhile, this fund has more than performance appeal. Litman/Gregory, its advisor, is a leader in the field of multimanager offerings, and it has assembled a terrific set of talented — and complementary — skippers here."
— Morningstar Analyst Report, Masters' Select International - January 2009
"An all-star lineup of seven sub-advisors runs this fund. The combined portfolio is a mix of value and growth and large and small stocks."
— Morningstar Analyst Report, Masters' Select Equity - November 2008
"Topnotch management team. Shareholder-friendly advisor. Solid performance"
— Morningstar Analyst Report, Masters' Select Equity - November 2008
-Litman/Gregory Fund Advisors
Past performance does not guarantee future results
Litman/Gregory Fund Advisors, LLC has ultimate responsibility for the performance of the Masters' Select Funds due to its responsibility to oversee the Funds' investment managers and recommend their hiring, termination and replacement.
Each of the funds may invest in foreign securities. Investing in foreign securities exposes investors to economic, political and market risks and fluctuations in foreign currencies. Each of the funds may invest in the securities of small companies. Small-company investing subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies. Masters' Select Value and Masters' Select Focused Opportunities are non-diversified funds, which means that each respective fund may concentrate more of its assets in fewer individual holdings than a diversified fund. Though primarily equity funds, the Value and Focused Opportunities funds may invest portions of assets in securities of distressed companies. Debt obligations of distressed companies typically are unrated, lower rated, in default or close to default and may become worthless.
The Masters' Select Funds are distributed by Quasar Distributors LLC
