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Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MANAGED PORTFOLIO SERIES

RPMAX | Fund

$14.99

$124 M

0.23%

$0.03

1.53%

Vitals

YTD Return

3.5%

1 yr return

24.2%

3 Yr Avg Return

8.4%

5 Yr Avg Return

10.8%

Net Assets

$124 M

Holdings in Top 10

40.9%

52 WEEK LOW AND HIGH

$15.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

MANAGED PORTFOLIO SERIES

RPMAX | Fund

$14.99

$124 M

0.23%

$0.03

1.53%

RPMAX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 10.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.38%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MANAGED PORTFOLIO SERIES
  • Fund Family Name
    Reinhartfunds
  • Inception Date
    May 31, 2018
  • Shares Outstanding
    1378005
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Martinek

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by small and mid-capitalization (“small-cap" or "mid-cap”) companies. The Fund considers a company to be a small or mid-cap company if it has a market capitalization, at the time of purchase, within the capitalization range of the Russell 2500® Index as of the date it was last reconstituted. The market capitalizations within the index vary, but as of May 31, 2022 they ranged from approximately $240 million to $16.9 billion.
The Fund’s investment strategy utilizes the Adviser’s proprietary Private Market Value (“PMV”) methodology to determine a company’s true intrinsic value, which is the amount an acquirer would be willing to pay for the entire company. This PMV becomes the “anchor” by which all decisions by the Adviser are framed within an emotional market. PMV is calculated by observing actual takeover valuations and applying the corresponding, appropriate valuation multiples to each security analyzed.Since stock prices tend to be more volatile than a security’s intrinsic value, this discipline attempts to eliminate the emotion of the markets and identifies objective investment opportunities. The Adviser selects investments for the Fund’s portfolio that generally can be purchased at a discount of 30% or more to the PMV. The Adviser typically sells investments when they reach or are close to reaching the PMV, or due to a change in the fundamentals of the security. In addition, the Adviser emphasizes quality and attempts to find sustainable competitive advantages, one stock at a time, with an overall focus on positive risk/reward to protect capital in challenging markets while capturing most of the upside return when stocks advance.
The Fund may invest up to 20% of its net assets in securities of real estate investment trusts (“REITs”) and securities of other investment companies, including exchange-traded funds (“ETFs”).
Read More

RPMAX - Performance

Return Ranking - Trailing

Period RPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -9.0% 18.3% 13.02%
1 Yr 24.2% -12.9% 54.3% 5.97%
3 Yr 8.4%* -10.3% 38.5% 0.92%
5 Yr 10.8%* -14.3% 30.4% 5.91%
10 Yr N/A* -2.8% 16.8% N/A

* Annualized

Return Ranking - Calendar

Period RPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 20.2% -49.6% 29.0% 6.13%
2022 -10.5% -59.3% 118.2% 5.06%
2021 18.4% -31.6% 39.3% 18.20%
2020 4.1% -51.0% 39.5% 78.49%
2019 21.2% -16.9% 37.8% 46.76%

Total Return Ranking - Trailing

Period RPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -9.0% 18.3% 13.02%
1 Yr 24.2% -12.9% 54.3% 5.97%
3 Yr 8.4%* -10.3% 38.5% 0.92%
5 Yr 10.8%* -14.3% 30.4% 5.91%
10 Yr N/A* -2.8% 16.8% N/A

* Annualized

Total Return Ranking - Calendar

Period RPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 23.7% -21.7% 31.8% 3.24%
2022 -3.8% -45.2% 123.7% 2.17%
2021 23.7% 0.0% 47.7% 46.51%
2020 4.2% -50.5% 46.9% 83.77%
2019 21.7% -12.6% 43.7% 79.96%

NAV & Total Return History

RPMAX - Holdings

Concentration Analysis

RPMAX Category Low Category High RPMAX % Rank
Net Assets 124 M 529 K 145 B 49.65%
Number of Holdings 38 2 2519 95.60%
Net Assets in Top 10 139 M 104 K 9.83 B 35.04%
Weighting of Top 10 40.88% -2849.0% 100.5% 6.54%

Top 10 Holdings

  1. First Citizens BancShares Inc/NC 5.17%
  2. Insperity Inc 5.06%
  3. Lantheus Holdings Inc 4.37%
  4. Frontdoor Inc 4.17%
  5. U-Haul Holding Co 4.06%
  6. ACI Worldwide Inc 3.84%
  7. Wintrust Financial Corp 3.82%
  8. Assured Guaranty Ltd 3.71%
  9. Air Lease Corp 3.48%
  10. Hillman Solutions Corp 3.20%

Asset Allocation

Weighting Return Low Return High RPMAX % Rank
Stocks 		96.73% -565235.00% 108.16% 81.34%
Cash 		3.27% 0.00% 565934.00% 27.11%
Preferred Stocks 		0.00% 0.00% 7.53% 49.47%
Other 		0.00% -598.74% 39.24% 65.49%
Convertible Bonds 		0.00% 0.00% 3.17% 47.62%
Bonds 		0.00% -2.00% 74.53% 50.53%

Stock Sector Breakdown

Weighting Return Low Return High RPMAX % Rank
Industrials 		26.10% 2.46% 37.42% 8.90%
Financial Services 		20.72% 0.00% 35.52% 10.85%
Technology 		16.57% 0.00% 54.70% 22.42%
Healthcare 		14.34% 0.00% 26.53% 41.28%
Real Estate 		11.04% 0.00% 29.43% 5.16%
Consumer Cyclical 		7.41% 0.99% 47.79% 90.57%
Consumer Defense 		3.82% 0.00% 18.87% 63.17%
Utilities 		0.00% 0.00% 18.58% 94.66%
Energy 		0.00% 0.00% 37.72% 96.98%
Communication Services 		0.00% 0.00% 14.85% 97.15%
Basic Materials 		0.00% 0.00% 18.66% 99.64%

Stock Geographic Breakdown

Weighting Return Low Return High RPMAX % Rank
US 		96.73% -565235.00% 108.16% 75.53%
Non US 		0.00% 0.00% 94.14% 56.69%

RPMAX - Expenses

Operational Fees

RPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.01% 38.45% 20.00%
Management Fee 0.95% 0.00% 1.50% 88.87%
12b-1 Fee 0.25% 0.00% 1.00% 47.33%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

RPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 1.00% 314.00% 31.34%

RPMAX - Distributions

Dividend Yield Analysis

RPMAX Category Low Category High RPMAX % Rank
Dividend Yield 0.23% 0.00% 42.73% 21.48%

Dividend Distribution Analysis

RPMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

RPMAX Category Low Category High RPMAX % Rank
Net Income Ratio 0.38% -2.40% 2.49% 33.63%

Capital Gain Distribution Analysis

RPMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

RPMAX - Fund Manager Analysis

Managers

Matthew Martinek

Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

Matt Martinek joined Reinhart Partners in 2010 as an Equity Analyst and was promoted to Portfolio Manager in October 2011. Prior to joining Reinhart Partners, Mr. Martinek was an Associate Analyst with T. Rowe Price, primarily focused on the Small Cap Value strategy. Mr. Martinek has a BBA in Accounting and Finance from the University of Wisconsin-Madison, where he was a member of the Applied Security Analysis Program. He also received an MBA from Columbia Business School, where he was a member of the Applied Value Investing Program. He holds the Chartered Financial Analyst designation and is a member of both the CFA Institute and the CFA Society of Milwaukee.

Brent Jesko

Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

Brent Jesko joined Reinhart Partners as Portfolio Manager and Principal in 2000. Mr. Jesko has led Reinhart’s Mid Cap Private Market Value strategy since 2001. Prior to joining Reinhart Partners, Mr. Jesko learned the Private Market Value investment philosophy under Dick Weiss at Strong Funds from 1995-2000. He was promoted to Associate Portfolio Manager for Mid & Small Cap portfolios in 1998. He began his career in the financial industry in 1990 as a Commercial Credit Analyst for NationsBank, in Dallas, TX. Mr. Jesko graduated Magna Cum Laude from Texas A&M University in Business Administration. He went on to graduate with High Honors with an MBA from the University of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.06 2.58

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