Riverbridge Growth Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.0%
1 yr return
20.3%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
10.4%
Net Assets
$228 M
Holdings in Top 10
40.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RIVRX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRiverbridge Growth Fund
-
Fund Family NameINVESTMENT MANAGERS SERIES TRUST
-
Inception DateDec 31, 2012
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRick Moulton
Fund Description
Under normal circumstances, the Fund invests in equity securities of companies of any size, including small- and mid-capitalization companies. The Fund’s investments in equity securities may include common stock, preferred stock and convertible securities. While the Fund invests primarily in equity securities of U.S. issuers, it may invest in securities of non-U.S. issuers. The Fund’s investments in foreign securities are primarily comprised of U.S. dollar-denominated securities of foreign issuers traded in the United States and American Depositary Receipts (“ADRs”). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks. The Fund will invest in a portfolio of securities typically spread across many economic sectors, although from time to time, the Fund may have a significant portion of its assets in one or more market sectors such as the information technology sector. The Fund’s advisor seeks to diversify the Fund’s exposure to earnings catalysts (e.g. consumer spending, U.S. healthcare reimbursement and energy pricing) rather than limit the Fund’s exposure to individual market sectors.
The Fund’s advisor believes that earnings power determines the value of a franchise. The Fund’s advisor focuses on companies that it views as building their earnings power and building their intrinsic, or actual, values over long periods of time. The Fund’s advisor uses a bottom-up approach that seeks to identify high quality growth companies that demonstrate the ability to sustain strong secular earnings growth, regardless of overall economic conditions.
RIVRX - Performance
Return Ranking - Trailing
| Period | RIVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -15.5% | 20.9% | 88.11% |
| 1 Yr | 20.3% | -22.1% | 61.0% | 89.01% |
| 3 Yr | -0.4%* | -31.0% | 22.5% | 88.75% |
| 5 Yr | 10.4%* | -16.4% | 29.0% | 88.08% |
| 10 Yr | 11.3%* | -5.7% | 18.8% | 77.13% |
* Annualized
Return Ranking - Calendar
| Period | RIVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.7% | -74.1% | 72.4% | 52.88% |
| 2022 | -30.9% | -85.9% | 4.7% | 31.56% |
| 2021 | 4.4% | -52.4% | 60.5% | 62.60% |
| 2020 | 39.4% | -34.3% | 145.0% | 17.03% |
| 2019 | 28.4% | -21.8% | 49.4% | 27.79% |
Total Return Ranking - Trailing
| Period | RIVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -15.5% | 20.9% | 88.11% |
| 1 Yr | 20.3% | -22.1% | 61.0% | 89.01% |
| 3 Yr | -0.4%* | -31.0% | 22.5% | 88.75% |
| 5 Yr | 10.4%* | -16.4% | 29.0% | 88.08% |
| 10 Yr | 11.3%* | -5.7% | 18.8% | 77.13% |
* Annualized
Total Return Ranking - Calendar
| Period | RIVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.7% | -4.6% | 72.4% | 70.59% |
| 2022 | -30.9% | -61.7% | 5.6% | 50.96% |
| 2021 | 9.0% | -39.8% | 118.1% | 89.92% |
| 2020 | 44.0% | 2.8% | 149.2% | 24.45% |
| 2019 | 30.2% | -5.2% | 49.4% | 73.94% |
NAV & Total Return History
RIVRX - Holdings
Concentration Analysis
| RIVRX | Category Low | Category High | RIVRX % Rank | |
|---|---|---|---|---|
| Net Assets | 228 M | 242 K | 269 B | 74.60% |
| Number of Holdings | 45 | 1 | 3217 | 71.39% |
| Net Assets in Top 10 | 87.3 M | 104 K | 111 B | 79.24% |
| Weighting of Top 10 | 40.38% | 0.7% | 205.0% | 80.12% |
Top 10 Holdings
- Microsoft Corp. 7.98%
- NVIDIA Corp. 4.64%
- Amazon.com, Inc. 4.01%
- CoStar Group, Inc. 3.87%
- Globant S.A. 3.64%
- HEICO Corp. 3.59%
- West Pharmaceutical Services, Inc. 3.42%
- Salesforce, Inc. 3.18%
- UnitedHealth Group, Inc. 3.03%
- Tyler Technologies, Inc. 3.01%
Asset Allocation
| Weighting | Return Low | Return High | RIVRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.03% | 0.00% | 130.05% | 42.95% |
| Cash | 1.02% | -1.50% | 173.52% | 54.51% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 92.24% |
| Other | 0.00% | -43.49% | 50.04% | 86.92% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 90.11% |
| Bonds | 0.00% | 0.00% | 104.15% | 90.97% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RIVRX % Rank | |
|---|---|---|---|---|
| Technology | 35.84% | 0.00% | 65.70% | 48.94% |
| Healthcare | 24.22% | 0.00% | 39.76% | 2.20% |
| Industrials | 10.84% | 0.00% | 30.65% | 10.06% |
| Consumer Cyclical | 10.01% | 0.00% | 62.57% | 86.48% |
| Communication Services | 7.02% | 0.00% | 66.40% | 79.37% |
| Financial Services | 4.99% | 0.00% | 43.06% | 85.97% |
| Real Estate | 2.96% | 0.00% | 16.05% | 17.16% |
| Consumer Defense | 2.69% | 0.00% | 25.50% | 64.58% |
| Basic Materials | 1.42% | 0.00% | 18.91% | 42.52% |
| Utilities | 0.00% | 0.00% | 16.07% | 93.66% |
| Energy | 0.00% | 0.00% | 41.09% | 96.11% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RIVRX % Rank | |
|---|---|---|---|---|
| US | 99.03% | 0.00% | 130.05% | 32.24% |
| Non US | 0.00% | 0.00% | 78.10% | 93.92% |
RIVRX - Expenses
Operational Fees
| RIVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.01% | 19.54% | 27.33% |
| Management Fee | 0.75% | 0.00% | 1.50% | 84.32% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 58.68% |
| Administrative Fee | N/A | 0.01% | 1.02% | 58.07% |
Sales Fees
| RIVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RIVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 97.92% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RIVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 0.00% | 316.74% | 18.99% |
RIVRX - Distributions
Dividend Yield Analysis
| RIVRX | Category Low | Category High | RIVRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.10% | 96.96% |
Dividend Distribution Analysis
| RIVRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| RIVRX | Category Low | Category High | RIVRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.73% | -6.13% | 3.48% | 77.83% |
Capital Gain Distribution Analysis
| RIVRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
RIVRX - Fund Manager Analysis
Managers
Rick Moulton
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Rick Moulton joined Riverbridge Partners in 1991. As a member of the Investment Team, Rick is responsible for portfolio management and security selection. He is a member of the Management Committee, which is responsible for the strategic decision making and overall management of the firm. Rick also is responsible for client servicing and marketing efforts of the firm. Rick has over 31 years of experience in the financial services industry. Prior to joining Riverbridge Partners, he worked for Dain Bosworth, Inc. as an IRA/Margin generalist. Rick earned his Bachelor of Science in Business degree in Finance from the University of Minnesota Carlson School of Management. Rick is a holder of the right to use the Chartered Financial Analyst® designation. He is a member of the CFA Institute and the CFA Society of Minnesota. As a sports enthusiast, Rick enjoys cheering on his “beloved” Minnesota Vikings.
Mark Thompson
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Mark Thompson co-founded Riverbridge in 1987 to pursue his passionate belief in long-term investing. As Chief Manager, Mark is responsible for the strategic decision making and overall management of the firm. He is also Chairman of the Riverbridge Board of Governors. Mark serves as the Chief Investment Officer, where he is responsible for coordinating the efforts of the Investment Team and overall portfolio compliance to Riverbridge investment disciplines. Prior to founding Riverbridge, Mark spent several years at IDS Financial Corp. where he performed investment research and was an associate portfolio manager of the IDS New Dimensions Fund. Mark earned his Bachelor of Science in Business degree in Finance from the University of Minnesota Carlson School of Management and is a member of the CFA Institute and the CFA Society of Minnesota. Mark is also a member of the Board of Directors of Wiland Direct, Inc., TreeHouse, Opportunity International Nicaragua, and Pulse Outreach, as well as a Trustee of the LoCorr mutual funds and the Board of Investment – Converge Retirement Fund.
Ross Johnson
Start Date
Tenure
Tenure Rank
Jan 01, 2021
1.41
1.4%
Ross Johnson joined Riverbridge in 2010. As a lead portfolio manager, Ross is responsible for portfolio construction, security selection, and conducting company and industry research across all industry sectors. He is also a member of the management team at Riverbridge, which is responsible for the strategic decision making and overall management of the firm. Prior to joining Riverbridge, Ross spent three years with Boston Scientific as a manufacturing operations supervisor and a financial analyst, and began his career working for the Rosemount Division of Emerson Process Management as an engineer. He earned his Bachelor of Science in Mechanical Engineering from the University of North Dakota and his MBA from the University of St. Thomas Opus College of Business. Ross is a holder of the right to use the Chartered Financial Analyst® designation. He is a member of the CFA Institute and the CFA Society of Minnesota. Ross is adventurous and spends a lot of time exploring outdoors, whether it be practicing his landscaping, golfing or fishing skills or enjoying a new hobby.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.2 | 2.92 |