OTTER CREEK LONG/SHORT OPPORTUNITY FUND
Thursday, October 19, 2017 WEBCAST
Please click on the webcast audio and presentation links to review our 3rd Quarter information.
Performance data quoted is past performance. Past performance does not guarantee future results. The investment 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. Performance data quoted does not reflect the 1% redemption fee on shares held for 60 days or less. If reflected, total returns would be reduced. Click here for standardized performance.
Click here for the fund’s top 10 holdings.
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.
A basis point (BP) is 1/100 of a percentage point. The Largest Drawdown is the greatest percentage peak‐to‐trough decline (high point to low point over consecutive days) since inception of the fund.
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.
Short interest is the amount of shares that investors have sold short in a company.
The Price to Sales Ratio (P/S) is calculated by dividing the company’s market capitalization by its total sales over a twelve month period.
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.
The Market Capitalization (Market Cap) is the current market value of a company. It is derived by taking the outstanding shares times the current price.
FX and FOREX are acronyms that stand for Foreign Exchange. This is the idea of purchasing one currency by selling another.
Free cash flow is a measure of financial performance calculated as operating cash flow minus capital expenditures.
Capital expenditure, or CapEx, are funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. It is often used to undertake new projects or investments by the firm.
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 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 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 Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ 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 Non‐Manufacturing ISM is a report produced by The Institute of Supply Management (ISM) for all sectors of the economy other than manufacturing. It can be used as an indicator of the overall economic condition for the non‐manufacturing sector.
The Institute for Supply Management (ISM) Purchasing Managers’ Composite Index is an index which is comprised of surveys from purchasing managers across all sectors of the economy It can be used as an indicator of the economic health of the economy as a whole.
The “ISM New Orders” refers to the new orders reported as part of the ISM survey.
The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) reflects a market estimate of future volatility based on the weighted average of the implied volatilities for a wide range of strikes. The index is a widely used measure of market risk and is often referred to as the “investor fear gauge”.
The Russell 3000 Index is an index with 3,000 large U.S. companies as determined by market capitalization. This represents 98% of the investible U.S. equity market.
The Russell 3000 Value Index measures the performance of Russell 3000 index companies with lower price‐to‐book ratios and lower forecasted growth values.
The Russell 3000 Growth Index measures the performance of Russell 3000 index companies with higher price‐to‐book ratios and higher forecasted growth values.
The Bloomberg Barclays US Aggregate Bond Index is a market capitalization‐weighted index, meaning the securities in the index are weighted according to the market size of each bond type. Most U.S. traded investment grade bonds are represented.
EPS Growth is not a measure of the Fund’s future performance.