Investment Objective
The Fund seeks long-term capital appreciation by tracking a rules-based OCFP factor model, before the placeholder expense ratio and trading costs.
Key Facts
| Item | Value |
|---|---|
| Ticker (pseudo) | FOCF |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | OCFP factor (All stocks) |
| Placeholder expense ratio | 0.29% |
| Placeholder inception date | 2020-02-14 |
| Number of holdings (long leg) | 298 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | July 2026 |
Performance
The following performance is HYPOTHETICAL and BACKTESTED — it was calculated by applying the model to historical data with the benefit of hindsight, is gross of the placeholder expense ratio and trading costs, and does not represent the results of any actual account. Past (hypothetical) performance does not guarantee or predict future results.
Hypothetical Calendar-Year Total Returns (long-short backtest)
| Year | Hypothetical Total Return |
|---|---|
| 2017 | -3.06% |
| 2018 | 4.65% |
| 2019 | -16.13% |
| 2020 | -12.21% |
| 2021 | 16.05% |
| 2022 | 30.25% |
| 2023 | -15.98% |
| 2024 | -3.09% |
| 2025 | -24.73% |
| 2026 | 3.44% |
Average Annual Total Returns (hypothetical, as of the most recent sample month)
| Period | Hypothetical Avg. Annual Total Return |
|---|---|
| 1 Year | -8.08% |
| 3 Years | -9.32% |
| 5 Years | -3.29% |
| 10 Years | -2.11% |
| Since Model Inception (full sample) | 1.20% |
Top 10 Holdings (of 298)
| # | Ticker | Company | Sector | Weight | Market Value |
|---|---|---|---|---|---|
| 1 | VZ | VERIZON COMMUNICATIONS INC | Communication Services | 9.08% | $9,078,488 |
| 2 | T | AT&T INC | Communication Services | 7.56% | $7,558,729 |
| 3 | COF | CAPITAL ONE FINANCIAL CORP | Financial Services | 6.46% | $6,457,031 |
| 4 | CMCSA | COMCAST CORP | Communication Services | 4.24% | $4,238,827 |
| 5 | GM | GENERAL MOTORS CO | Consumer Cyclical | 3.42% | $3,421,141 |
| 6 | ALL | ALLSTATE CORP | Financial Services | 3.21% | $3,208,649 |
| 7 | MET | METLIFE INC | Financial Services | 3.02% | $3,016,797 |
| 8 | F | FORD MOTOR CO | Consumer Cyclical | 2.83% | $2,828,212 |
| 9 | PRU | PRUDENTIAL FINANCIAL INC | Financial Services | 2.06% | $2,060,839 |
| 10 | IBKR | INTERACTIVE BROKERS GROUP INC | Financial Services | 2.01% | $2,011,579 |
Sector Allocation
| Sector | Weight | # Holdings |
|---|---|---|
| Financial Services | 27.32% | 76 |
| Communication Services | 23.50% | 28 |
| Energy | 12.06% | 37 |
| Consumer Cyclical | 11.01% | 48 |
| Industrials | 7.79% | 25 |
| Utilities | 4.28% | 5 |
| Healthcare | 4.14% | 16 |
| Consumer Defensive | 4.11% | 18 |
| Technology | 4.09% | 19 |
| Basic Materials | 0.86% | 13 |
| Real Estate | 0.85% | 13 |
Portfolio Characteristics (hypothetical)
| Characteristic | Value |
|---|---|
| Sharpe ratio (full sample) | 0.15 |
| Annualized volatility | 14.60% |
| Maximum drawdown | -40.13% |
| Average monthly turnover | 15.36% |
| Out-of-sample Sharpe (2019-26) | -0.24 |