Reinhart Mid Cap PMV Fund

Process Details

Private Market Value (PMV) is our proprietary methodology for determining a company’s true intrinsic value. PMV is what an acquirer would be willing to pay for the entire company (per share) in a private transaction. It is calculated by observing actual takeover transactions by industry and applying the corresponding, appropriate valuation multiples to each stock we analyze. Owning shares of high quality companies at significant discounts to intrinsic value is a formula for long-term investment success.

  • PMV is what an acquirer would be willing to pay for the entire company (per share).
  • PMV is derived by first observing actual takeover valuation multiples.
  • We utilize different metrics by industry to capture the appropriate value-drivers.
  • Stock prices are more volatile than the underlying value of the franchise, which can create unique investment opportunities.
  • PMV becomes the "anchor" by which all decisions are framed within an emotional market.
  • We seek to purchase new names at a 30% discount to PMV, and stocks are sold when they reach our calculated PMV.
  • The gap between price and PMV serves as an objective basis to trim or add to existing holdings, and to allocate capital within the portfolio.
RPMVX: 15.28, -0.03 RPMMX: 15.23, -0.02 RPMVX: 15.28, -0.03 RPMMX: 15.23, -0.02 RPMVX: 15.28, -0.03 RPMMX: 15.23, -0.02 RPMVX: 15.28, -0.03 RPMMX: 15.23, -0.02

Disclosures

Mutual fund investing involves risk. Principal loss is possible. Investing in medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations, and illiquidity.

To obtain a hardcopy of the prospectus, please call 1-855-RPI-FUND (1-855-774-3863) or you may download the prospectus, which can be found under "Quick Links".

The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Past performance is not a guarantee of future results.

The Reinhart Fund is distributed by Quasar Distributors, LLC.