LEAWOOD, Kan.--(BUSINESS WIRE)--Cognios Capital, LLC announced today the launch of the Cognios Large Cap Value Fund (COGLX & COGVX) (the “Value Fund”) and the Cognios Large Cap Growth Fund (COGGX & COGEX) (the “Growth Fund”). The two funds join Cognios’ flagship fund, the Cognios Market Neutral Large Cap Fund (the “Market Neutral Fund”).
“This is an exciting time at Cognios as we look to expand our offering for individual and institutional investors,” said Gary DiCenzo, chief executive officer at Cognios. “We are excited to launch two new mutual funds following expressed demand from investment advisors for access to more of our existing institutional long-only strategies.”
The Cognios Large Cap Value Fund is being launched following demand from existing clients for access to the strategy employed in the long portfolio of Cognios’ market neutral fund. The Value Fund seeks long-term growth of capital by purchasing equity securities of U.S. companies that the Adviser believes are undervalued and likely to appreciate. The Adviser selects securities for purchase using its proven ROTA/ROME® investment philosophy.
The Cognios Large Cap Growth Fund seeks long-term growth of capital by purchasing equity securities that the Adviser believes are likely to appreciate. The Growth Fund also utilizes proprietary quantitative models developed by Cognios in its portfolio construction and investment selection process but in addition to evaluating companies’ fundamental characteristics, the Growth Fund also considers stock price trends of the investment candidates.
Jonathan Angrist, president and chief investment officer at Cognios Capital, leads the team that will manage both of the Funds. The Funds are co-managed by Brian Machtley and Francisco Bido. The team has combined experience of more than 50 years.
“Our fundamental quantitative stock selection and portfolio construction methodology continues to appeal to investors and advisors because it is inherently transparent and makes logical business sense. This sentiment from investors and advisors has encouraged us to continue to expand our mutual fund offering,” said Jonathan Angrist.
In addition to launching two new funds, Cognios was awarded the 40 Act Fund of the Year Award for its Market Neutral Large Cap Fund at the 2016 HFM US Hedge Fund Performance Awards. The Market Neutral Fund was selected from a list of 40 Act hedge funds and fund of hedge funds that have outperformed their peers over the past 12 months.
“We are excited to be recognized by a global organization that has a long history of recognizing hedge funds with a proven track record of success and a commitment to delivering institutional quality hedge fund solutions to the US marketplace,” said Gary DiCenzo, CEO of Cognios Capital. “This award, along with the launch of our two new funds, provides strong momentum for our firm as we head into 2017.”
The new funds launch with a significant commitment from Cognios with a combined $40 million in seed capital from management.
The Value Fund offers two share classes – an Investor Class (COGLX) and an Institutional Class (COGVX). The minimum investment is $1,000 for the Investor Class and $100,000 for the Institutional Class. Advisors generally may meet the minimum investment amount for the Institutional Class by aggregating multiple accounts with the Value Fund, if desired. There is no subsequent investment minimum.
The Growth Fund offers two share classes – an Investor Class (COGGX) and an Institutional Class (COGEX). The minimum investment is $1,000 for the Investor Class and $100,000 for the Institutional Class. Advisors generally may meet the minimum investment amount for the Institutional Class by aggregating multiple accounts with the Growth Fund, if desired. There is no subsequent investment minimum.
The Value Fund and Growth Fund are now available for purchase through Fidelity Investments with expanded platform distribution scheduled for early 2017.
About ROTA/ROME®
ROTA/ROME® utilizes Cognios’ proprietary fundamental quantitative stock selection and portfolio construction methodology which seeks to identify companies whose per share intrinsic value has diverged significantly from the current market price of its stock. The portfolio managers use these two metrics together to determine if a particular stock is an attractive business or an unattractive business (i.e., ROTA) and whether that stock is cheap or expensive (i.e., ROME).
About Cognios
Established in 2008, Cognios Capital (www.cognios.com) is an employee-owned institutional investment firm headquartered in Leawood, KS. Cognios offers traditional long only and alternative investment strategies and is committed to proprietary research centered on portfolio optimization and risk-adjusted performance. As the architect of its investment products, Cognios blends a sophisticated quantitative infrastructure with a common sense fundamental investment philosophy. Cognios pursues investment excellence by providing market risk mitigation and valuable research expertise. As of Sept 30, 2016, Cognios Capital had $601 million in assets under management.
Gary DiCenzo is a registered representative of ALPS Distributors, Inc.
Cognios Funds are distributed by ALPS Distributors, Inc. ALPS Distributors is not affiliated with Cognios Capital nor is it affiliated with Fidelity Investments.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please visit www.cogniosfunds.com. Read the prospectus carefully before you invest.
As with any mutual fund, there are risks to investing. Neither the funds nor the Adviser can guarantee that the Cognios Funds’ will meet their respective investment objectives. Any of the investments made by Cognios Funds can result in an investment loss, which may be significant, including possible loss of some or all of the principal invested.
