Fund Overview
Opportunities (formerly Value Opportunities) is a dynamic Fund that holds 45-75 undervalued issuers representing our best ideas across the market cap spectrum. While the majority of the portfolio is expected to be invested in equities, the Fund also invests opportunistically in special situations such as bonds, preferred stock and merger arbitrage.
As of
| Nav | $ Change | % Change |
|---|---|---|
| Market Price | $ Change | % Change |
|---|---|---|
| 30-DAY MEDIAN BID/ASK SPREAD (%) |
PREMIUM/ DISCOUNT (%) |
SHARES OUTSTANDING |
# OF HOLDINGS |
|---|---|---|---|
| - | - | - |
| 30-DAY MEDIAN BID/ASK SPREAD (%) |
PREMIUM/ DISCOUNT (%) |
|---|---|
| - | - |
| SHARES OUTSTANDING |
# OF HOLDINGS |
|---|---|
| 20,000 |
Net Asset Value (NAV) - Fund’s assets less its liabilities, divided by number of shares outstanding; Premium/Discount - Difference between closing market price and net asset value; 30-Day Median Bid/Ask Spread - Computed by identifying the Fund’s national best bidding and asking (offering) prices as of the end of each 10-second interval during each trading day during the past 30 calendar days, dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer, and identifying the median of those values.
Fund Facts
As of 06/30/2026
| Ticker | HWO |
|---|---|
| CUSIP | 44134R420 |
| Primary Exchange | Nasdaq |
| Fund Inception | 12/31/2002 |
| ETF Share Class Inception | 07/22/2026 |
| Net Expense Ratio* | 0.90% |
| Gross Expense Ratio* | 0.93% |
Dividend Schedule
|
Annual |
| Size of Fund (millions) | $898 |
*As of 07/01/2026
As of
Top 10 Holdings
| Ticker | CUSIP | # of Shares | Description | Market Value $ | % of Total Portfolio |
|---|
Fund holdings subject to change and do not represent a recommendation to buy or sell any security.
As of
Premium/Discount
| Days at premium |
| Days at NAV |
| Days at discount |
The Premium/Discount shows the difference between the daily market price and the net asset value ("NAV").