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Elkhorn Foundation Pure Water, 2
Portfolio Summary
Inception Date
8/4/2015
Ending Date
8/2/2017
Term
2 yrs
Status
Secondary
Initial Offer Price
$10.00
Ticker
ELKWBX
CUSIPs
28776P115 (c)
28776P164 (r)
Fee Cusips
28776P172 (c)
28776P180 (r)
Number of Holdings
20
Distribution Frequency
Semi-annual
Est. Net Annual Distribution³
$0.0827
 
Pricing Details
NAV
$10.328
Offer
$10.752
Liquidation
$10.328
As of 4/25/2017
 
The Elkhorn Foundation Pure Water targets firms deriving the majority of their revenue from water-related activities while seeking to avoid conglomerates and water utility companies. A portion of the fund’s profits will be donated to the Elkhorn Foundation which will partner with organizations working to help bring safe water and effective sanitation to families in need.
Top 10 Holdings
As of 4/25/2017
Xylem Inc18.41%   Advanced Drainage Systems Inc4.74%
Badger Meter Inc11.40%   Franklin Electric Co. Inc4.64%
Energy Recovery Inc9.94%   Mueller Water Products4.21%
SABESP5.15%   Pure Cycle Corporation4.09%
Tetra Tech Inc5.01%   Valmont Industries Inc4.07%
Subject to change
Pricing Summary
As of 4/25/2017
Sector Allocation
As of 4/25/2017
Sector
Weight
Industrials
73.79%
Utilities
12.27%
Information Technology
11.40%
Materials
2.48%
Energy
0.06%
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 4/25/2017 Export Holdings
TickerNameSectorWeight
XYL Xylem IncIndustrials18.41%
BMI Badger Meter IncInformation Technology11.40%
ERII Energy Recovery IncIndustrials9.94%
SBS SABESPUtilities5.15%
TTEK Tetra Tech IncIndustrials5.01%
WMS Advanced Drainage Systems IncIndustrials4.74%
FELE Franklin Electric Co. IncIndustrials4.64%
MWA Mueller Water ProductsIndustrials4.21%
PCYO Pure Cycle CorporationUtilities4.09%
VMI Valmont Industries IncIndustrials4.07%
GRC Gorman-Rupp Company (The)Industrials3.72%
AEGN Aegion CorpIndustrials3.61%
WTS Watts Water Technologies IncIndustrials3.43%
LNN Lindsay CorporationIndustrials3.22%
PNR Pentair plc.Industrials3.20%
LAYN Layne Christensen CompanyIndustrials3.08%
CWCO Consolidated Water Co. Ltd.Utilities3.03%
NWPX Northwest Pipe CompanyIndustrials2.49%
CCC Calgon Carbon CorporationMaterials2.48%
NESC Nuverra Environmental Solutions IncEnergy0.06%
Subject to change
Ex-Dividend Date Record Date Payable Date Principal Distribution Income/Interest Distribution Total Distribution
11/8/2016 11/10/2016 11/25/2016 $0.2770 $0.0000 $0.2770
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 March 25, 2016 and ending May 25, 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.
³ Estimated Net Annual Distribution is based on the Portfolio's first year of operation and is subject to change. The Rate is calculated by dividing the Estimated Net Annual Distribution by the initial $10.00 unit price. The amount of distributions paid by the Portfolio’s securities may be lower or greater than the above stated amount due to certain factors that may include, but are not limited to, a change in the dividends paid by issuers, a change in Portfolio expenses or the sale or maturity of securities in the portfolio. Fees and expenses of the Portfolio may vary as a result of a variety of factors including the Portfolio's size, redemption activity, brokerage and other transaction costs and extraordinary expenses.
IMPORTANT RISK INFORMATION
The Portfolio invests in domestic common stocks, ADRs 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 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.
The Portfolio invests significantly in water and industrial companies. Companies involved in the potable water and wastewater business are subject to environmental considerations, taxes, government regulation, price and supply fluctuations, competition and conservation. General risks of industrial companies include the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer demand and spending trends.
The Portfolio may invest in U.S.-listed foreign securities and ADRs which presents additional risk. Securities of foreign issuers present risks beyond those of domestic securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards. Foreign security risk may be more pronounced in emerging markets due to trading limitations, liquidity concerns, delays and disruptions in settlement transactions, political uncertainties and dependence on international trade and development assistance.
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.