Baywood Value Plus
The Baywood ValuePlus Fund is a SKBA-advised mutual fund that follows SKBA's ValuePlus
equity strategy. ValuePlus is a value-oriented investment strategy which seeks to achieve long-term capital appreciation by investing in undervalued equity securities. The portfolio also provides meaningful current income by investing in equities with dividend yields in excess of the market. The strategy is designed for clients who desire the potential long-term real economic returns of the stock market alongside of high current income which is designed to dampen portfolio volatility.
The Baywood ValuePlus Fund is a series of Forum Fund II, a mutual fund series trust administered
by Atlantic Fund Services. The Baywood ValuePlus Fund is distributed by Foreside Fund Services, LLC.
Mutual fund investing involves risk including the possible loss of principal. The Fund
primarily invests in undervalued securities which may not appreciate in value as anticipated
by the Adviser or remain undervalued for longer than anticipated. The Fund may invest in American
Depositary Receipts (ADRs) which involves risks relating to political, economic or regulatory
conditions in foreign countries and may cause greater volatility and less liquidity. The Fund
may also invest in convertible securities and preferred stock which may be adversely affected
as interest rates rise.
The Baywood SKBA ValuePlus Fund came into existence on this date as a result of the conversion
of the SKBA ValuePlus Collective Trust Fund, which had its inception in June of 2008, into
the new mutual fund format with two share classes. The Prospectus contains information about
these share classes, and persons interested in investing in the Fund should read the Prospectus
and the SAI before investing. You may invest in Fund shares either by contacting your broker/dealer
and financial advisor or by making a direct purchase of shares by calling the Transfer Agent,
Atlantic Fund Services at 1-855-409-2297.
Net Expense Ratio
NAV quote data is sourced from Yahoo! and may be delayed. The components of the
net expense ratio are described in the prospectus. The Fund's Gross Expense Ratio
is 14.43% for Institutional Shares and 9.43% for Investor Shares.
The Fund's Net Expense Ratio, (does not include
Acquired Fund Fees and Expenses) as the Adviser has
contractually agreed to waive and/or reimburse fees until January 31, 2018, is 0.70% for Institutional Shares and
0.95% for Investor Shares.
Performance as of 6/30/2017
Performance for periods greater than one year is annualized. On 12/02/2013, a collective trust (the
Vehicle) was converted into the Baywood ValuePlus Fund (the
Fund). The Predecessor Vehicle's
performance to December 2, 2013 has been included for Investor Shares. For the
Institutional Shares, performance for the period includes the returns of Investor Shares prior to May 2, 2011, the
commencement of operations of Institutional Shares. The Predecessor Vehicle’s performance for shares in each
class has been adjusted to reflect the monthly deduction of fees and expenses applicable to their respective share
class of the Baywood ValuePlus Fund. The Predecessor Vehicle was not registered as a mutual fund under the
Investment Company Act of 1940, as amended (
1940 Act), and therefore was not subject to certain investment
restrictions, limitations and diversification requirements imposed by the 1940 Act and Internal Revenue Code. If the
Predecessor Vehicle had been registered under the 1940 Act its performance may have been different.
The performance data quoted represents past performance. Past performance is no guarantee of future results.
Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than
their original cost. The performance shown reflects fee waivers/reimbursements in effect, without these
waivers, performance would have been lower. Total returns are based on net change in NAV with reinvestment of all dividends.
Current performance may be lower or higher than the performance data quoted. For performance current to the most
recent month-end, please call 1-855-409-2297. Individuals cannot invest in an index.
Top 10 Holdings as of 6/30/2017
Sector Weightings as of 6/30/2017
Reader should not assume that investments in the securities identified were or will be profitable. Holdings are subject to change.
Percent of total equity holdings, which are subject to change. Due to rounding, figures shown may or may not sum exactly to 100%
Fundamental Characteristics as of 6/30/2017
Characteristic data is calculated by Factset and aggregate price ratios are calculated using weighted harmonic averages.
Price/Earnings (LTM): A valuation ratio of a company's current share price compared to its per-share earnings over the past 12 months.
Price/Sales (LTM): A valuation ratio of a company's current share price compared to its per-share sales over the past 12 months.