The Future Fund Reaches $100 Million in Assets Under Management
Investing in businesses that change the world
CHICAGO, Nov. 5, 2021 /PRNewswire-PRWeb/ -- In just under five months, The Future Fund, LLC, a registered SEC advisor, has surpassed $100 million in assets, marking a second major milestone this year. In August, the advisor launched its first exchange traded fund, The Future Fund Active ETF (FFND).
The firm was founded by Gary Black, managing partner, and David Kalis, CFA, partner, who began working together in 2013. They have combined experience of more than 50 years.
Each has had significant experience in managing growth portfolios. Black's career includes leading Janus Capital Group as CEO and CIO, Global co-CIO for Calamos Investments, and CEO for Aegon Asset Management US. Kalis was also a co-CIO at Calamos where he headed US Growth Equity and founder of Curvature Capital Management.
"We invest in companies who are changing the world," said Black. "We've identified secular megatrends across industries that are fueling growth, and we look for the companies who are positioned to capitalize on these trends."
The ETF has had a strong performance start. Since inception through October 29, The Future Fund Active ETF returned 7.44% vs. 4.20% for the Russell 3000 Growth Index and 3.04% for the S&P 500.
"We are very disciplined about what we pay for companies, and about when to exit." Black explained. "We generally require 2.0x upside/downside to invest in a position and start to trim when they get to 0.5x upside/downside."
The portfolio managers also seek out stocks where there is investment controversy – where they disagree with Wall Street analysts. Their process is grounded in proprietary fundamental analysis and disciplined portfolio management, along with on-the-ground research.
"It's been our experience that today's investors want transparency; they want to understand what they own. They've also shown us they want to invest in innovation. Our approach is to find companies that have established markets and are currently taking advantage of changes in technology, consumer preferences, demographics, and environmental sustainability," said Kalis. "We believe this can lead to significant increases in their total markets, earnings trajectories and market capitalizations, and ultimately value for our investors."
About The Future Fund, LLC, advisor to The Future Fund ETF
The Future Fund, LLC, is an SEC-registered investment advisor focusing on companies with secular growth opportunities created by fundamental change in their markets that the partners believe can change the world.
The firm manages concentrated, high-conviction secular growth portfolios for clients in both a long-only and a hedged equity structure in addition to The Future Fund Active ETF. The firm's goal is to discover unrecognized equity value, believing that transformative companies will displace legacy industry incumbents over time.
Gary Black, Managing Partner, has nearly 30 years of portfolio management and investment research experience, complemented by operational expertise. He has an MBA from Harvard School of Business and BSc in Economics from Wharton School of the University of Pennsylvania.
David Kalis, CFA, Partner has more than 25 years of experience managing small- and mid-cap growth portfolios and leading investment research teams. He has a BA in Economics from the University of Michigan and is a Chartered Financial Analyst.
More information about the advisor is available at https://thefuturefund.com and about the ETF at https://futurefundetf.com. See disclosure at https://bit.ly/3fQ8ojd.
A full explanation of expenses and fees are stated in the prospectus. Fee waivers are contractual and in effect until 9/30/22.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.
Shareholders may pay more than NAV when buying fund shares and receive less than NAV when selling fund shares, because shares are bought and sold at current market prices. The performance quoted represents past performance and does not guarantee future results.
The Future Fund Active ETF is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
Investors should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds and should be read carefully before investing. The prospectus may also be obtained by calling 877-466-7090
The Future Fund Active ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. The Future Fund LLC is the investment advisor to the Fund, and is not affiliated with Northern Lights Distributors, LLC.
Investing involves risk, including loss of principal. There is no guarantee that the Fund will achieve their investment objectives. In general, prices of equity securities are more volatile than those of fixed income securities. The prices of equity securities fluctuate in response to issuer-specific activities as well as factors unrelated to the fundamental condition of the issuer, including general market, economic and political conditions along with other factors. While the shares of ETFs trade on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. The Fund were recently organized with no operating history. In addition, the Advisor has not previously managed an ETF, which may increase the risks of investing in the Fund.
The Fund is actively-managed and is thus subject to management risk. The Adviser will apply its investment techniques and strategies in making investment decisions for the Fund, but there is no guarantee that its techniques will produce the intended results.
13815013-NLD-11042021
Media Contact
Jake Oxley, The Future Fund, LLC, 703-299-8390, [email protected]
SOURCE The Future Fund, LLC
Share this article