Cutler Emerging Markets Fund
Most people agree that there is opportunity in emerging markets, but few investors have meaningful allocations there. Why? Volatility is scary and emerging markets are notorious for volatility. Cutler sought to change this by applying our time tested process which focuses on dividend longevity as a way to access the growth potential while aiming to smooth the ups and downs. A simple idea with profound implications.
Our Process
While Cutler's domestic equity investment process uses a 10-year dividend history, for Emerging Markets we look to a 15-year track record of dividend payments. If a company misses consecutive annual payments, they are removed from our investable universe. In addition to fundamental analysis, we apply macro-economic screens. We look for geo-political and currency risk as criteria for country weightings. ETFs and ADRs are occasionally included for liquidity, but the portfolio consists predominantly of local securities in foreign markets.
Document Download
FINRA BrokerCheck
Perform a background check on Ultimus Fund Distributors, LLC using FINRA’s BrokerCheck.Key Facts
| STATS | |
|---|---|
| Benchmark | S&P Emerging BMI Index |
| # of Positions | 70 |
| Mgmt. Team Avg. Experience | 15 Years |
| Strategy Inception | 07/01/2015 |
As of 2019-03-31
Percentage in Top 10 Holdings
As of 2019-06-30
Top Country Holdings
| PORTFOLIO WEIGHTING % | |
|---|---|
| China | 25.1 |
| India | 12.0 |
| Taiwan | 10.4 |
| South Korea | 9.2 |
| Brazil | 7.8 |
As of 2019-03-31
The Cutler Mutual Funds are actively managed. Holdings and weightings are subject to change at any time without notice. This data is provided for informational purposes only and should not be considered a recommendation or solicitation to purchase any Cutler Mutual Fund. This information provided should not be used as the sole basis to make any investment decision. The data have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed.
The Emerging Markets Fund invests in both foreign and emerging market securities. Foreign stock markets can be less liquid and more volatile than U.S. markets. Emerging Markets are extremely volatile and therefore have a greater deal of risk including currency, foreign market risk, ETF risk (the mutual fund may invest into other ETF’s), company specific risk, geo‐political risk, and very importantly, new fund risk (the risk that this fund has limited operating history or track record). Clients and prospective clients are reminded to review the Prospectus prior to investing.
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.
Investing in any mutual fund involves risk, including the risk that you may lose all or part of your investment
For comparison purposes, this fund is measured against the S&P Emerging BMI Index. The Index captures all companies domiciled in the emerging markets within the S&P Global BMI with a float-adjusted market capitalization of at least USD 100 million meeting 6- and 12-month median value traded requirements. The index is segmented by country/region, size (large, mid and small), style (value and growth), and GICS (sectors/industry groups) . You cannot invest directly in an index.
The Cutler Equity Fund is distributed by Ultimus Fund Distributors, LLC.
Your Team
We take great pride in the experience, education, and background of our team. We continue to build upon this great foundation, growing our team’s expertise and investment experience. Our strength is our diversity of thought and our ability to form consensus using these different points of view.
