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Elkhorn Deep Value Energy Portfolio
Portfolio Summary
Inception Date
7/7/2015
Ending Date
7/10/2017
Term
2 yrs
Status
Secondary
Initial Offer Price
$10.00
Ticker
ELKEAX
CUSIPs
28776L148 (c)
28776L155 (r)
Fee Cusips
28776L163 (c)
28776L171 (r)
Number of Holdings
25
Distribution Frequency
Monthly
 
Pricing Details
NAV
$4.678
Offer
$4.870
Liquidation
$4.678
As of 6/23/2017
 
The Elkhorn Deep Value Energy Portfolio invests in energy companies that have underperformed the broader market yet have maintained relatively strong fundamentals, offering attractive valuations and higher yields. The Portfolio consists of 25 energy companies with low P/E, P/B and P/S ratios, below average 1-year performance, and above average dividend yields.
Top 10 Holdings
As of 6/23/2017
Patterson-UTI Energy Inc8.85%   Green Plains Inc5.72%
Chevron Corp8.49%   National Oilwell Varco Inc5.43%
Valero Energy Corp7.82%   HollyFrontier Corp4.66%
Gulf Island Fabrication Inc7.25%   Nabors Industries Ltd.4.64%
Tesoro Corp.6.76%   QEP Resources Inc4.34%
Subject to change
Pricing Summary
As of 6/23/2017
Sector Allocation
As of 6/23/2017
Sector
Weight
Energy
100.00%
Subject to change
Volume Breakpoints¹
Less than $50,000
3.95%
$50,000 - $99,999
3.70%
$100,000 - $249,999
3.45%
$250,000 - $499,999
3.10%
$500,000 - $999,999
2.95%
$1,000,000 or more
2.45%
 
Sales Charges
Up-Front
1.00%
Deferred²
2.45%
Creation & Development Fee
0.50%
Total
3.95%
Sales charge is based on a $10 per unit offering
Holdings
As of 6/23/2017 Export Holdings
TickerNameSectorWeight
PTEN Patterson-UTI Energy IncEnergy8.85%
CVX Chevron CorpEnergy8.49%
VLO Valero Energy CorpEnergy7.82%
GIFI Gulf Island Fabrication IncEnergy7.25%
TSO Tesoro Corp.Energy6.76%
GPRE Green Plains IncEnergy5.72%
NOV National Oilwell Varco IncEnergy5.43%
HFC HollyFrontier CorpEnergy4.66%
NBR Nabors Industries Ltd.Energy4.64%
QEP QEP Resources IncEnergy4.34%
RIG Transocean Ltd.Energy4.20%
RDC Rowan Companies plcEnergy4.14%
SPN Superior Energy Services IncEnergy3.82%
CHK Chesapeake Energy CorpEnergy3.36%
DO Diamond Offshore DrillingEnergy3.25%
TESO Tesco CorporationEnergy3.04%
SM SM Energy CompanyEnergy2.70%
ATW Atwood Oceanics IncEnergy2.62%
DNR Denbury Resources IncEnergy2.05%
NE Noble CorporationEnergy2.04%
ESV ENSCO plcEnergy1.98%
CRR Carbo Ceramics IncEnergy1.27%
BRS Bristow Group IncEnergy1.06%
TDW Tidewater IncEnergy0.29%
GLFMQ GulfMark Offshore IncEnergy0.20%
Subject to change
Ex-Dividend Date Record Date Payable Date Principal Distribution Income/Interest Distribution Total Distribution
7/6/2016 7/10/2016 7/25/2016 $0.0000 $0.0160 $0.0160
3/8/2016 3/10/2016 3/25/2016 $0.0000 $0.0155 $0.0155
12/15/2015 12/17/2015 12/29/2015 $0.0000 $0.0173 $0.0173
12/8/2015 12/10/2015 12/25/2015 $0.0000 $0.0178 $0.0178
10/7/2015 10/10/2015 10/25/2015 $0.0000 $0.0272 $0.0272
9/8/2015 9/10/2015 9/25/2015 $0.0000 $0.0170 $0.0170
Subject to change
Fund Materials
Fact Sheet
Fund Documents
Propectus
¹ As a % of the Public Offering Price
² The deferred sales charge (DSC) will be deducted in monthly installments on the last business day commencing Feb. 29, 2016 and ending Apr. 29, 2016. If units are redeemed prior to the DSC period, the entire DSC will be collected. For unit prices other than $10, percentages of initial sales charge, the creation and development fee and DSCs will vary. Early redemption of units will still cause payment of the DSC.
IMPORTANT RISK INFORMATION
The Portfolio invests in domestic common stocks and U.S.-listed foreign securities. The value of the Portfolio's units will fluctuate with changes in the value of these common stocks. Common stock prices fluctuate for several reasons including changes in investors' perceptions of the financial condition of an issuer or the general condition of the relevant stock market, such as the current market volatility, or when political or economic events affecting the issuers occur.
The Portfolio will generally hold, and may continue to buy, the same securities even though a security's outlook, rating, market value or yield may have changed. As with all investments, you may lose some or all of your investment in the Portfolio.
The Portfolio is concentrated in the energy sector and oil services industry. As a result, the factors that impact these industries will have a greater effect on the Portfolio than on a more broadly diversified trust.
The Portfolio invests in securities issued by small- and mid-cap companies. These securities customarily involve more investment risk than securities of large-cap companies. Small- and mid-cap companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
Read the Portfolio's prospectus carefully before investing. It contains the Portfolio's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing.