Reinhart Mid Cap PMV Fund

Private Market Value is the anchor in our strategy.

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.

Fund at a Glance

  Advisor Class Investor Class Institutional Class
CUSIP 56166Y834 56166Y842 56167N654
Ticker RPMVX RPMMX RPMNX
Inception 05/31/2012 05/31/2012 09/30/2017
Benchmark Russell Midcap Value Index Russell Midcap Value Index Russell Midcap Value Index
Investment Strategy Mid Cap Value Mid Cap Value Mid Cap Value
Gross Expense Ratio 1.25% 1.50% 1.10%
Net Expense Ratio 1.05% 1.30% 0.90%

The adviser has contractually agreed to reimburse the Fund for certain expenses through September 28, 2029.

Daily NAV as of 6/21/2024

Ticker NAV $ Change
RPMVX 16.86 +0.04
RPMMX 16.86 +0.05
RPMNX 16.95 +0.04

Past performance is not a guarantee of future results.

Portfolio Managers


Josh Wheeler

Josh Wheeler, CFA

Principal, Mid Cap PMV Portfolio Manager
Reinhart Partners, LLC.

Josh Wheeler is a Principal and Equity Portfolio Manager at Reinhart Partners, LLC., a Milwaukee, Wisconsin based investment advisory firm. Mr. Wheeler joined the firm in 2015 as an Equity Analyst. He was promoted to Mid Cap PMV Portfolio Manager in 2021.

Prior to joining Reinhart, Josh was an Equity Analyst and Assistant Portfolio Manager with Greenleaf Trust. Mr. Wheeler holds a BA in Economics from Hope College and an MBA from Chicago Booth.

Josh earned his Chartered Financial Analyst designation in 2008 and is a member of the CFA Institute.

brent jesko

Brent Jesko

Principal, Co-Mid Cap PMV Portfolio Manager
Reinhart Partners, LLC.

Brent Jesko is a Principal and Equity Portfolio Manager at Reinhart Partners, LLC., a Milwaukee, Wisconsin based investment advisory firm. Brent joined Reinhart in 2000 and led Reinhart’s Mid Cap PMV strategy from 2001 - 2022. Prior to joining Reinhart, Brent was an Equity Analyst and Portfolio Manager for another Milwaukee based money manager. He has 20 years of value-investing experience through various business cycles and market environments.

Brent graduated Magna Cum Laude with a Bachelor’s of Business degree from Texas A&M University in 1990. He also earned an M.B.A. from the University of Chicago where he graduated with High Honors in 1995.

Investment minimums:

The minimum initial investment is $5,000.00 ($1,000,000 for the Institutional Class) The minimum account balance is $2,500.00


The benchmark for this fund is the Russell Midcap Value Index. The Russell Midcap Value Index measures the performance of those Russell Mid Cap companies with lower price-to-book ratios and lower forecasted growth values. Index returns are provided for comparison purposes to represent the investment existing during the time periods shown. An index is fully invested, includes the reinvestment of dividends and capital gains, but does not include any transaction costs, management fees, or other cost. One cannot invest directly in an index.

Disclosures

Investing involves risk. Principal loss is possible. Investing in small and 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.

Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of a mutual fund or portfolio.  This and other important information is contained in the prospectus and summary prospectus.  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". Read it carefully before investing.

Reinhart products are 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 Reinhart products 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 Funds are distributed by Quasar Distributors, LLC.