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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cromwell Tran Focus Fund

LIMAX | Fund

$7.34

$23.3 M

0.00%

1.97%

Vitals

YTD Return

11.7%

1 yr return

18.8%

3 Yr Avg Return

17.4%

5 Yr Avg Return

4.7%

Net Assets

$23.3 M

Holdings in Top 10

51.5%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.97%

SALES FEES

Front Load 5.00%

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$5,000

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cromwell Tran Focus Fund

LIMAX | Fund

$7.34

$23.3 M

0.00%

1.97%

LIMAX - Profile

Distributions

  • YTD Total Return 11.7%
  • 3 Yr Annualized Total Return 17.4%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Cromwell Tran Focus Fund
  • Fund Family Name
    Lateef
  • Inception Date
    Sep 06, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Quoc Tran

Fund Description

p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"To achieve the Fund’s investment objective, Tran Capital Management, L.P., the investment sub-adviser (the “Tran Sub-Adviser” or “Sub-Adviser”) normally invests in the common stocks of approximately span style="-keep: true"20 to 30/span mid- and large-cap companies with market capitalizations greater than $2 billion that have, in the Tran Sub-Adviser’s opinion, a competitive advantage. The Sub-Adviser uses an intensive fundamental due diligence research process to attempt to identify companies with owner-oriented management teams that, in the view of the Sub-Adviser, generate consistently high returns on capital. Additionally, the companies in which the Fund invests will, in the opinion of the Sub-Adviser, possess high margins, strong cash flow, zero-to-moderate debt and trade at a price below intrinsic value./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"Under normal market conditions, the Fund will invest at least 80% of its assets in sustainable equity securities. For this purpose, the Sub-Adviser defines sustainable securities as those that score 3 or higher on its internal 5-point ESG scale based on the evaluation of factors described below. In ranking a company’s ESG criteria, the Sub-Adviser considers both the external impact of a company’s product or service and the company’s internal policies, controls, and interactions with shareholders, employees, and other stakeholders. External and internal factors are weighted equally. The Sub-Adviser does not employ negative screening and will consider all companies in all industries for the portfolio./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"Through its investment process, the Sub-Adviser seeks to build an understanding of the competitive advantages, financial drivers, and key risks and uncertainties related to an investment under consideration. The Sub-Adviser believes that its “ESG” framework (as further described below) can aid in identifying sustainable franchises and may, in its view, better position the Fund to perform over the long term and through market cycles. The Sub-Adviser’s internally-developed ESG framework considers environmental, social, and governance risks and value-creation opportunities. The Sub-Adviser obtains information related to the application of its ESG framework through the Sub-Adviser’s own research and analysis of publicly available information, including information related to a company’s existing policies and actions related to social responsibility, as determined by the Sub-Adviser’s ESG framework. The Sub-Adviser also obtains/pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"data and information which is incorporated into its ESG framework through direct engagement with management teams of the Fund’s portfolio companies or potential portfolio companies./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"The Sub-Adviser takes a qualitative approach to ESG integration. By assessing a security’s positive, neutral, or negative impact on these internal and external ESG issues, the Sub-Adviser aims to identify value-creating opportunities and avoid value-destructing risk. To the extent that the Sub-Adviser has strong data, evidence, and ability to estimate the materiality of ESG risks and opportunities, financial models and valuation analysis may be adjusted to incorporate material factors. The Sub-Adviser weights its internal rating for a security’s acceptability under each ESG factor to make a decision./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"External factors considered include, but are not limited to:/pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0" /p table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"a company’s contribution to climate change and goals for reaching net zero/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"impact on natural resources/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"promotion of clean, renewable, and green activities/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"product safety and responsibility/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"interaction with the communities served by the company/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"promotion of access to information, healthcare, financing, etc./td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"strength of ESG reporting and quality of disclosures and transparency/td/tr/tablep style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"Internal factors considered include, but are not limited to:/pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0" /p table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"policies and actions that promote sustainability/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"footprint of corporate facilities/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"treatment of employees/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"diversity amp; inclusion measures along with goals or policies for improvement/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"having and enabling a culture of feedback/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"diverse representation on the Board of Directors and executive team/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtd style="text-align: justify"management alignment with shareholders/td/tr/table table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; border-spacing: 0px;" width="100%"tr style="vertical-align: top" td style="width: 18pt"/tdtd style="width: 18pt"•/tdtdstrong checks and balances/td/tr/tablep style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"The Fund is non-diversified, which means that a significant portion of the Fund’s assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors than a diversified mutual fund. Although the Fund may not invest 25% or more of its net assets in one or more industries, the Fund may focus its investments from time to time in one or more sectors of the economy or stock market./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"The Sub-Adviser chooses to sell securities from the portfolio when the fundamentals of the company are deteriorating or when the Sub-Adviser identifies better opportunities. When considering better opportunities, securities that may score poorly with respect to such factors may be purchased and retained by the Fund while the Fund may sell or not invest in securities that may score strongly on such factors because the Sub-Adviser considers the poor ESG security to be a better value. Securities in the Fund’s/pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"portfolio that score poorly (ii.e., /i2 or less on the Sub-Adviser’s 5-point scale) with respect to the ESG factors described above will not be counted towards the Fund’s 80% policy./p
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LIMAX - Performance

Return Ranking - Trailing

Period LIMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -10.0% 61.7% 20.20%
1 Yr 18.8% -13.2% 127.7% 72.84%
3 Yr 17.4%* 2.8% 66.8% 83.99%
5 Yr 4.7%* -8.2% 36.6% 91.42%
10 Yr 11.2%* 6.8% 24.6% 95.30%

* Annualized

Return Ranking - Calendar

Period LIMAX Return Category Return Low Category Return High Rank in Category (%)
2025 -5.6% -74.1% 41.2% 85.60%
2024 14.9% -59.2% 52.3% 65.92%
2023 25.7% -15.0% 72.4% 71.98%
2022 -42.3% -85.9% 27.3% 88.14%
2021 2.0% -52.4% 38.7% 70.32%

Total Return Ranking - Trailing

Period LIMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -10.0% 61.7% 20.20%
1 Yr 18.8% -13.2% 127.7% 72.84%
3 Yr 17.4%* 2.8% 66.8% 83.99%
5 Yr 4.7%* -8.2% 36.6% 91.42%
10 Yr 11.2%* 6.8% 24.6% 95.30%

* Annualized

Total Return Ranking - Calendar

Period LIMAX Return Category Return Low Category Return High Rank in Category (%)
2025 7.8% -4.9% 49.3% 91.48%
2024 15.0% -31.9% 52.3% 92.26%
2023 25.7% -4.6% 72.4% 84.46%
2022 -35.3% -61.7% 35.0% 78.66%
2021 24.9% -39.8% 40.0% 29.38%

NAV & Total Return History

LIMAX - Holdings

Concentration Analysis

LIMAX Category Low Category High LIMAX % Rank
Net Assets 23.3 M 1.46 M 440 B 97.36%
Number of Holdings 30 2 2946 92.65%
Net Assets in Top 10 11.4 M 1.51 M 203 B 97.55%
Weighting of Top 10 51.46% 10.7% 205.0% 64.64%

Top 10 Holdings

  1. GE Vernova Inc. COM 6.71%
  2. Danaher Corporation COM 5.91%
  3. Ferguson Enterprises Inc COMMON STOCK NEW 5.77%
  4. Martin Marietta Materials Inc COM 5.32%
  5. Palo Alto Networks Inc COM 5.18%
  6. ATI Inc COM 5.16%
  7. International Flavors Fragrances Inc. COM 4.51%
  8. Talen Energy Corporation COM 4.47%
  9. Arm Holdings PLC SPONSORED ADS 4.31%
  10. BWX Technologies Inc. COM 4.10%

Asset Allocation

Weighting Return Low Return High LIMAX % Rank
Stocks 		97.18% 0.00% 116.50% 78.75%
Cash 		2.99% 0.00% 173.52% 13.12%
Preferred Stocks 		0.00% 0.00% 24.75% 80.71%
Other 		0.00% -24.61% 25.67% 79.14%
Convertible Bonds 		0.00% 0.00% 1.94% 78.31%
Bonds 		0.00% 0.00% 99.61% 79.24%

Stock Sector Breakdown

Weighting Return Low Return High LIMAX % Rank
Technology 		29.86% 0.00% 65.70% 70.85%
Healthcare 		16.10% 0.00% 39.76% 20.12%
Consumer Cyclical 		14.67% 0.00% 62.57% 58.98%
Financial Services 		12.65% 0.00% 43.06% 21.88%
Basic Materials 		8.80% 0.00% 18.91% 2.26%
Communication Services 		8.55% 0.00% 66.40% 70.85%
Industrials 		7.26% 0.00% 30.65% 36.51%
Energy 		2.12% 0.00% 41.09% 26.50%
Utilities 		0.00% 0.00% 16.07% 84.30%
Real Estate 		0.00% 0.00% 8.88% 91.85%
Consumer Defense 		0.00% 0.00% 25.50% 97.06%

Stock Geographic Breakdown

Weighting Return Low Return High LIMAX % Rank
US 		97.18% 0.00% 116.50% 69.64%
Non US 		0.00% 0.00% 39.07% 83.55%

LIMAX - Expenses

Operational Fees

LIMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.97% 0.01% 13.08% 6.19%
Management Fee 0.85% 0.00% 1.50% 90.62%
12b-1 Fee 0.25% 0.00% 1.00% 52.61%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

LIMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 2.25% 5.75% 82.64%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LIMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 42.86%

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.

LIMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 316.74% 75.89%

LIMAX - Distributions

Dividend Yield Analysis

LIMAX Category Low Category High LIMAX % Rank
Dividend Yield 0.00% 0.00% 27.58% 87.86%

Dividend Distribution Analysis

LIMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

LIMAX Category Low Category High LIMAX % Rank
Net Income Ratio -0.56% -6.13% 3.48% 68.84%

Capital Gain Distribution Analysis

LIMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

LIMAX - Fund Manager Analysis

Managers

Quoc Tran

Start Date

Tenure

Tenure Rank

Sep 06, 2007

14.74

14.7%

Quoc Tran, MBA — Chief Investment Officer, Portfolio Manager and Managing Partner, joined Lateef Investment Management LP in 2005 and led a management buyout of the firm in 2017. In 2002, Quoc joined Wallace R. Weitz & Co. and held various positions in portfolio management and research. Prior to that, he spent five years at Goldman Sachs and Co. as an institutional sales professional, and left the company as Vice President and Director in the Equities Division. Mr. Tran is a member of the Board of Trustees of Bates College and serves on various committees, including the Bates College Investment Committee where he is Chair of Equities. Mr. Tran received a B.A. degree with high honors in Rhetoric from Bates College and his MBA in Finance and Competitive Strategy at the University of Chicago where he was also a Business Fellow.

Michael Im

Start Date

Tenure

Tenure Rank

Sep 01, 2020

1.75

1.8%

Michael Im, CFA, MBA, Vice President, Associate Portfolio Manager and Senior Research Analyst, joined Lateef in 2013. Prior to Lateef, Mike was an Analyst at Kiitos Capital Management and was an Equity Research Associate at Dodge & Cox. Mike received a B.S. degree, with high honors, in Business Administration from the University of California, Berkeley (Phi Beta Kappa) and an MBA, with honors, from the University of Chicago, Booth School of Business. Mike is a CFA Charterholder and a member of the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.24 2.92

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