as of 6/23/2017
TickerNAV$ Change
OTTRX$11.56$0.00
OTCRX$11.47$0.00

OTTER CREEK LONG/SHORT OPPORTUNITY FUND

Thursday, February 2, 2017 WEBCAST

Please click on the webcast audio and presentation links to review our 4th Quarter information.

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PERFORMANCE

Click here for standardized performance.

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month end may be obtained by calling 855-681-5261.

DEFINITIONS/HOLDINGS

The Standard and Poor's 500 Index (S&P 500) is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

The Wilshire 5000 Index is a capitalization-weighted index of over 5,000 securities. The index is designed to measure performance of all US equity securities with readily available price data.

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services. Changes in the CPI are used to assess price changes associated with the cost of living. The Core Personal Consumption Expenditures (Core PCE) is a measure of prices paid by consumers excluding food and energy prices.

The NYSE Composite Index is an index that measures the performance of all stocks listed on the New York Stock Exchange. It is commonly used to monitor market performance.

The Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index (PMI Composite Index) is an index which is comprised of surveys from purchasing managers in the manufacturing sector. It can be used as an indicator of the economic health of the manufacturing sector. The "ISM New Orders" refers to the new orders reported as part of the ISM survey.

The VIX Index is a trademarked ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period.

The Bloomberg Barclays U.S. Aggregate Bond Index measures the performance of the investment-grade universe of bonds issued in the United States. The index includes institutionally traded U.S. Treasury, government sponsored, mortgage and corporate securities. You cannot invest directly in an index.

Alpha is a way to measure the performance of a security on a risk-adjusted basis.

The Book Value is the total value of a company which is calculated by taking the total assets minus the intangible assets (patents, goodwill, etc.) and liabilities.

Correlation is a statistical measure of how two securities move in relation to each other. The correlation coefficient (r) is a measure that determines the degree to which two variable's movements are associated. The coefficient of determination (r2) is a measure used in statistical model analysis to assess how well a model explains and predicts future outcomes. Delta is the ratio comparing the change in price of the underlying asset to the corresponding change in the price of a derivative.

Delta-adjusted equity exposure is a representation of the portfolio's equity exposure which has been adjusted to take into account the combined effect of options and equity positions.

The EPS Growth is the change from year to year in the earnings per share of the S&P 500.

P/E or Price-to-Earnings is a ratio derived by dividing the price of a stock by the earnings per share of the company.

Forward P/E is a measure of the price-to-earnings ration using forecasted earnings for the P/E calculation.

The P/E to growth ratio is a stocks price-to-earnings ratio dividend by the growth rate of its earnings.

Standard deviation is a measure of the dispersion of a set of data from its mean.

A basis point (BP) is 1/100 of a percentage point.

The Sharpe Ratio is a measure for calculating risk-adjusted returns. It is the average return earned in excess of the risk-free rate per unit of volatility.

The Largest Drawdown is the greatest percentage peak-to-trough decline (high point to low point over consecutive days) since inception of the fund. The Price-to-Book Ratio is a ratio of the stocks market value to its book value. It is calculated by dividing the closing price of a stock by the latest quarter’s book value per share.

The Enterprise Multiple (EV/EBITDA) is a ratio used to determine the value of a company. It is calculated by taking the Enterprise Value and dividing it by EBITDA.

EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization expenses. It is a measure used to analyze and compare profitability between companies of different characteristics because it largely eliminates the effect of accounting and financing decisions. GDP reflects the Gross Domestic Product of a country. It is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

Generally Accepted Accounting Principles (GAAP) are a common set of accounting standards and procedures which companies should use to compile their financial statements in order to ensure consistency across different companies.

Revenue per available room (RevPAR) is a performance metric used in the hotel industry and is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate.

The Investors Intelligence Bulls & Bears is a way to gauge market sentiment. It is data gathered by a survey of investors and investment professionals to determine who is bullish (optimistic) and who is bearish (pessimistic). Short interest is the amount of shares that investors have sold short in a company.

The term Discount to Replacement Value refers to when a security's current market value (outstanding shares times the current price) is lower than the cost that a company would have to pay in order to replace all of their individual assets at their current worth.

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