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Digital Toilet Paper Equity Growth Fund

Digital Toilet Paper Equity Growth Fund. Agenda. Fund Overview Client Type Macroeconomic Outlook Trading Approach Investment Strategy Individual Security Selection Stock Sector holding detail Holding Detail. Fund Overview. November 2014. Fund Inception. $50 Million. Total AUM.

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Digital Toilet Paper Equity Growth Fund

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  1. Digital Toilet Paper Equity Growth Fund

  2. Agenda • Fund Overview • Client Type • Macroeconomic Outlook • Trading Approach • Investment Strategy • Individual Security Selection • Stock Sector holding detail • Holding Detail

  3. Fund Overview November 2014 Fund Inception $50 Million Total AUM Long-Term Capital Appreciation Objective Russell 3000 Growth Index Benchmark Local D&D application Investment Philosophy Our team believes attractive results may be achieved by investing in large, mid and small-size companies that offer long-term earnings growth prospects Strategic Overview: All-cap aggressive growth fund

  4. Client Type • Client • Ultra High Net worth individuals • Accredited Investors (minimum of $1M net worth, or $200k income last 2 years and with reason this year) • Minimum of $500,000 to enter portfolio • Investors that are looking for an equity allocation to their portfolio • Seeking capital appreciation 

  5. Macroeconomic Outlook • Interest rates will stay relatively low through 2015 – consumer spending will continue to increase • When FED raises rates, we have structured c. 30% of the portfolio in defensive stocks • US Economy is stable with continued growth; seasonally adjusted real GDP of 3.5% for Q3 14 • Weak economic data in Europe, and slower, but higher quality/maintainable growth in China • Unemployment rate is trending down

  6. Trading Approach • Relatively Passive • Capital preservation (tax efficient) • Long term • Diversified Betas

  7. Investment Strategy • US Equities, all cap (small, medium, large) growth • Concentrated portfolio of 50 names that are growth oriented/strong  • Long only fund, buy and hold positions for greater tax efficiency (big concern for high net worths)

  8. Individual Security Selection Overview The team’s investment style is based on 1. • Diverse investments across sectors • Emerging growth companies that have: • Passed their "start-up" phase • Positive earnings • The prospect of achieving significant profit gains • Consideration of whether a company may benefit from: • - New technologies, products or services • - New cost-reducing measures • - Changes in management • - Favorable changes in government regulations 2.

  9. Individual Security Selection • ROE > 30% • B = 0 and up • PE anything, 0 and up • Target Beta 1.25 • No penny stocks

  10. Stock Sector Holding Detail Stock Sector Stock Type

  11. Stock sector Holding Detail DTPEGF

  12. Holding Detail

  13. Top Ten Holdings

  14. Top Ten Representatives • COMPANY PROFILE • Develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and function worldwide. • Sector: Biotech • RATIONALE • Has proprietary parallel gene sequencing technology, most widely used nextgen sequencing technology worldwide. • Therefore we believe they have excellent growth potential. • Beta: 1.45 • P/E (ttm): 97.87 • ROE: 21.20% ILMN ($186.35)

  15. Top Ten Representatives • COMPANY PROFILE • Provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and HNWIs worldwide • Sector: Financial • RATIONALE • Earnings have exceeded expectations • Recent changes in management • Cutting expenses • Beta: 1.9 • P/E (ttm): 11.03 • ROE: 10.76% GS ($190.71)

  16. Top Ten Representatives • COMPANY PROFILE • Financial intelligence company, provides credit ratings, benchmarks, and analytics to capital and commodity markets worldwide. • Sector: Services; business services • RATIONALE • Technology they produce will always be in demand • Beta: 1.52 • P/E (ttm): 26.93 • ROE: 47.57% MHFI ($89.94)

  17. Stock Style Diversification

  18. Allocation analysis

  19. Holding Details

  20. Holding Detail • Fund Target Beta: 1.25 • . • Fund Current Actual Beta: 1.28 • .

  21. Track our performance live at: • digitaltoiletpaper.com • .

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