Since 1977, AFAM Capital, Inc. has employed a long-term value investment philosophy that’s based on three core tenets: selection, diversification and patience. And while we’re fond of talking at length about our time-tested philosophy, for now we’d like to share with you the abbreviated version:
Perhaps nothing sets us apart, in our view, more than our approach to stock selection. We don’t limit ourselves to specific market capitalization constraints. Nor do we abide by absolute stock valuation metrics, instead allowing ourselves to be more flexible in defining what we believe are undervalued names. So we’re free to go wherever we think the best stock values currently are found. After crunching thousands of numbers to unearth these bargains, we feel we can be confident that their value has the potential to emerge in time, so patience comes easily. And patience in turn enables us to have low turnover of our holdings, which keeps our trading costs down while potentially improving our after-tax returns (as s realized capital gains are often of the long-term variety). To minimize risk and maximize opportunity, our holdings of individual stocks number in the hundreds, we think improving our chances of owning those rare few stocks that everyone wishes they’d noticed earlier.
There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Al Frank Mutual Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.alfrankfunds.com or by calling 888.263.6443. The prospectus should be read carefully before investing. The Al Frank Funds are distributed by Northern Lights Distributors, LLC, member FINRA.
Al Frank Asset Management is not affiliated with Northern Lights Distributors, LLC.