FV outperformed the market in Q3, returning 5.4% before fees vs 3.8% for the SPDR S&P 500 ETF (SPY). This brings the portfolio’s outperformance, after typical fees, to 2.2% since inception.1
FV made three new investments in the quarter. They were Humana, Express Scripts, and Twentieth Century Fox.
1 Net calculations assume a 1.75% management fee. Fee structures and returns vary between clients. FV inception was 6/6/2016.
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