Our Principal Goal

The ​Gripman Absolute Value Balanced strategy has been a steady performer during 2016 and ended the year up 9.65%.  Just as important is that we were a relative safe haven in a rather stormy period for investment assets.  This is reflected in our Sharpe Ratio during the 2016 period of 2.9. 

Performance

* Represents how spread out returns were over a period of time with a lower number indicating lower deviation or volatility.

We feel that markets will continue to be plagued by periods of volatility and low yields.  After the financial crisis the use of central bank actions have left investors understandably anxious.  At Gripman Investment Advisors, we recognize our client's aspiration for growth tempered with a desire for peace and security.  We believe that our balanced investment fund is the best option available to get solid returns while adequately managing risks. 

Past performance does not guarantee future results.  Performance represents past performance; current returns may be lower or higher.  The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost.  All returns reflect reinvested dividends and capital gains distributions, but do not reflect the deduction of taxes that an investor would pay on distribution or reductions.


Investing is subject to risk.  Generally a bond's value will decline when interest rates rise, and will rise when interest rates fall.  A portion of the Fund's bond holdings are below investment grade and distressed; thus they present higher potential risks.  ​Absolute value investing​ is subject to risks that the market will not recognize a security's inherent value for a long time or at all.  In addition, during some periods (which may be extensive) value investment generally may be out of favor in the markets.  Therefore, the Fund is most suitable for long-term investors who are willing to hold their shares for extended periods of time through market fluctuations and the accompanying changes in share prices.  The fund may invest in smaller, less seasoned companies​ which may present greater opportunities for growth but also may involve greater risks than customarily are associated with more established companies.  Up to 10% of the fund's holdings may be invested in BB rated high yield bonds​, which are debt securities rated below investment grade, involve greater risks,  and are more volatile and tend to be less liquid than investment-grade securities.  Up to 10% of the Fund's investments may be in ​distressed bonds, ​which may involve a high degree of credit risk, price volatility and liquidity risk.  These instruments typically are unrated, lower-rated, in default or close to default.  Any investments in ​Mortgage-backed securities​ include the risks associated with direct ownership of real estate; there can be no assurance that mortgage-backed securities will make payments of principal and interest at the times or in the amounts scheduled.​​