Clarity Fund
Suite 1102001 Westown ParkwayWest Des Moines, Iowa 50265
Map
Phone: 888-838-9488
| Category: | Small Value | | Fund Family: | Clarity Fund | | Net Assets: | 3.95M | | Year-to-Date Return: | 3.05% | | Yield: | 0.00% | | Morningstar Rating: | N/A | | Fund Inception Date: | Jun 29, 2010 |
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Bradley R. Peyton
Lead Manager since Jun 29, 2010 | | | Mr. Peyton is President and Chief Investment Officer of Clarity Asset Management, Inc. and Clarity Capital Management, Inc. Mr. Peyton received his B.S. degree from Iowa State University in 1979 and his law degree from the University of Iowa College of Law in 1984. He practiced with the law firm of Nyemaster, Goode, McLaughlin, Emery and OâBrien, Des Moines, Iowa, from 1984-86, focusing primarily in the areas of business, taxation and qualified retirement plans. In 1986 he joined the Farm Bureau Family of Financial Planning Services, West Des Moines, Iowa, where he served as Chief Investment Counsel until 1992. Mr. Peyton served in executive capacities in various privately held businesses until he formed Clarity Asset Management, Inc. in 1997. Mr. Peyton is a Chartered Financial Consultant of the American College (1989) and a Chartered Mutual Funds Counselor of the College for Financial Planning (1999). |
| Min Initial Investment: | 2,500 | | Min Initial Investment, IRA: | 2,500 | | Min Initial Investment, AIP: | 100 | | Min Subsequent Investment: | 0 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | 100 |
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| The investment seeks capital appreciation.
The fund seeks to achieve its objective by investing primarily in common stocks and a variety of securities convertible into common stocks such as rights, warrants, convertible preferred stock and convertible bonds. Its investment strategy (which is called "value investing") is to invest primarily in the securities of businesses that are trading at significant discounts to the investment adviser's assessment of the intrinsic (business or private market) value of the business. The fund is non-diversified. |
| Last Dividend
:
| 0.00 | | Last Cap Gain
(Dec 9, 2012)
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| 0.00 | | Annual Holdings Turnover
(Jun 3, 2013)
:
| 57.79% | | Average for Category: | 55.95% |
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| Expense | CLRTX | Category Avg |
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| Annual Report Expense Ratio (net): | 1.50% | 1.41% | | Prospectus Net Expense Ratio: | 1.62% | N/A | | Prospectus Gross Expense Ratio: | 4.64% | N/A | | Max 12b1 Fee: | 0.00% | N/A | | Max Front End Sales Load: | N/A | 5.44% | | Max Deferred Sales Load:
| N/A | 2.33% | | 3 Yr Expense Projection*: | 511 | 727 | | 5 Yr Expense Projection*: | 881 | 1,148 | | 10 Yr Expense Projection*: | 1,922 | 2,194 |
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0.03(0.28%) Jun 18