FUND FACT SHEET

MONONGAHELA CAPITAL MANAGEMENT

FUND DESCRIPTION
Monongahela All Cap Value Fund seeks total return through long-term capital appreciation and income. The no-load Fund will primarily invest in equity securities of companies of any size that the Fund’s managers believe are undervalued at the time of purchase and have potential for capital appreciation.

PORTFOLIO CO- MANAGERS
Mark Rodgers, co- founder of Rodgers Brothers (1985) and Monongahela Capital Management (1998). Mark has over 40 years of experience investing in the value market.

Michael Rodgers, director of Rodgers Brothers and Monongahela Capital Management (1998). Mike has worked in the finance industry since 1983, with over 20 years of experience investing in the value market.

FUND DATA

Ticker SymbolMCMVX
Fund AdviserMonongahela Capital Management
CategoryAll Cap Value
Minimum Investment$5,000
Net Expense Ratio*0.85%
Gross Expense Ratio1.90%
Distribution (12b-1) FeesNone
Number of Stocks50 (as of Feb 29, 2024)
Foreign Holdings1 (as of Feb 29, 2024)

*Monongahela Capital Management has contractually agreed to waive its fee or reimburse expenses to limit total annual operating expenses to 0.85% through September 1, 2024.

MANAGERS’ PERSPECTIVE WITH MARK AND MICHAEL RODGERS

FactSheet
“Our management team is experienced and patient, dedicated to discovering undervalued companies with intrinsic value. We seek companies with strong balance sheets, solid operating results and strong corporate leadership to add to our portfolio.”

MONTH END: TEN LARGEST HOLDINGS

As of February 29, 2024

Williams-Sonoma Inc

Lindsay Corp

Rockwell Automation Inc

Merck & Co Inc

MetLife Inc

H & R Block Inc

Emerson Electric Co

Hologic Inc

Hubbell Inc

Curtiss-Wright Corp

PORTFOLIO COMPOSITION

Equity sector diversification

MCMVX as of February 29, 2024
Communication Services0%
Consumer Discretionary15.74%
Consumer Staples15.08%
Energy4.69%
Financials8.11%
Health Care16.08%
Industrials26.32%
Information Technology11.23%
Materials1.89%
Real Estate0%
Utilities0.86%

Sector categories are based on the Global Industry Classification system

RISK