- Briefing Room
- Consumer Engagement
- Commerce 3.0
The 13D Activist Fund (DDDIX), the only mutual fund that offers investors exposure to shareholder activism as an investment strategy, turned in one year performance of 21.27%, net of fees and expenses, that beat the S&P 500 by 5.27%.
The 13D Activist Fund is an event driven mutual fund that focuses on and analyzes 13D filings for investment opportunities. The 13D Activist Fund was founded by Ken Squire, who has been operating the premier research service on shareholder activism for the institutional community since 2006. 13D Monitor clients include most of the major investment banks and many top law firms, hedge funds and institutional investors. The 13D Activist Fund analyzes activist 13D events, evaluating the activist, the sector, the activist’s track record, the activist strategy being employed and the probability of success.
According to 13D Monitor data, when a 13D is filed of the type that the Fund focuses on (premium activist investors on companies with $1 billion+ market caps), historically there is an average 2.65% one day bump in the stock price. While Portfolio Manager Ken Squire expects that the 13D Activist Fund will never capture the return on that price bump, the same data shows that these 13D filings produce an average return during their 15 month average life that outperforms the S&P 500 by approximately 16%, over and above the initial 2.65% bump.
Said Squire, “We focus on capturing this long-term growth for shareholders, and believe this strategy offers an excellent way for investors to participate alongside successful activists.” For a full Q&A with Mr. Squire, click here.
About 13D Management
New York based 13D Management, a registered investment advisor and manager of the 13D Activist Fund, is an event driven asset manager that focuses on 13D filings of activist investors. The firm was founded by Ken Squire who is the leading authority on activist investors and also leads 13D Monitor, a research service for major investment banks, top law firms, hedge funds and institutional investors. The 13D Activist Fund is available directly to investors or through Schwab, Fidelity, UBS, E*TRADE, Pershing LLC, and Scottrade.
Performance for periods less than one year is not annualized. Inception date of the fund is December 28, 2011. The maximum sales charge for Class A Shares is 5.75%. Class A Share investors may be eligible for a reduction in sales charges. The total annual fund operating expense ratio is 1.75% for Class A, 1.50 % for Class I and 2.50% for Class C. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1-877-413-3228. The S&P 500® is regarded as a gauge of large cap U.S. equities. It is not possible to invest in an index, unmanaged index returns do not reflect any fees, expenses or sales charges.
Investors should carefully consider the investment objectives, risks, charges and expenses. This and other important information is contained within the Prospectus, which can be obtained by calling 877-413-3228. The Fund Prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC. 13D Monitor and 13D Management, LLC are not affiliated with Northern Lights Distributors.
Overall stock market risks will affect the value of individual instruments in which the Fund invests. Factors such as economic growth, market conditions, interest rate levels, and political events affect the U.S. securities markets. When the value of the Fund's investments goes down, your investment in the Fund decreases in value and you could lose money. The Fund is a non-diversified investment company, which makes the value of the Fund's shares more susceptible to certain risks than shares of a diversified investment company. The Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer. The value of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.