Top 10 Holdings
Top 10 Stock Holdings as of 2/29/16*
- Amazon.com, Inc. (AMZN)
- Facebook, Inc. (FB)
- Alphabet, Inc. (GOOGL)
- NIKE, Inc. (NKE)
- Under Armour, Inc. (UA)
- Tesla Motors, Inc. (TSLA)
- Microsoft Corp. (MSFT)
- Salesforce.com, Inc. (CRM)
- Starbucks Corp. (SBUX)
- McDonald's Corp. (MCD)
Total Net Assets as of 2/29/16
* Stated as a percentage of total net assets as of 2/29/16.
The holdings information provided should not be construed as a recommendation to purchase or sell a particular security and may not be representative of the Fund's current or future investments.
- Portfolio Manager
The Portfolio Manager
- U.S. and Global Technology Stocks
- U.S. and Global Growth Stocks
- Awards and Top Rankings:
- Award - Mutual Fund Magazine 1998 Rookie Fund of the Year
- 1998 Lipper #1 Best-Performing Growth & Income Fund (among 159 funds)
- 1999 Lipper #1 Best-Performing Large-Cap Growth Fund (among 169 funds)
- 2007 Lipper #2 Best-Performing Multi-Cap Growth Fund (among 324 funds)
- 2009 Lipper #1 Best-Performing Multi-Cap Growth Fund (among 392 funds)
- 2010 Lipper #2 Best-Performing Multi-Cap Growth Fund (among 427 funds)
- 2011 Lipper #1 Best-Performing Multi-Cap Growth Fund over 3 Years (among 392 funds)
- Award - 2012 Lipper Best Multi-Cap Growth Fund over 3 Years (among 410 funds, risk-adjusted)
- 2012 Lipper #1 Best-Performing Multi-Cap Growth Fund over 10 Years (among 237 funds)
- 2013 Lipper #1 Best-Performing Multi-Cap Growth Fund over 5 Years (among 392 funds)
Malcolm R. Fobes III is the founder, Chief Executive Officer and Chief Investment Officer of Berkshire Capital Holdings, Inc. ("Berkshire Capital"), which has served as the investment adviser to The Berkshire Funds since 1997.
Mr. Fobes has over 19 years of experience in the investment management field as a securities analyst and a portfolio manager. Mr. Fobes manages the investment program of the Berkshire Focus Fund (the "Fund") and is primarily responsible for the day-to-day management of the Fund's portfolio. He has been the portfolio manager of the Fund since its inception in 1997. Mr. Fobes founded Berkshire Capital in 1993 where he has been responsible for directing the company's investment programs in both public and private companies located in Silicon Valley. Mr. Fobes holds a Bachelor of Science degree in Finance with a minor in Economics from San Jose State University in California.
In addition to the Fund, Mr. Fobes also serves as an Independent Director and Chairman of the Audit Committee for United States Commodity Funds, LLC ("USCF"). He has been listed with the Commodity Futures Trading Commission as a Principal of USCF since November 2005. USCF is the investment adviser to 16 Exchange Traded Commodity Funds with approximately $5 billion under management.
From April 2000 to July 2006, Mr. Fobes also served as co-portfolio manager of The Wireless Fund, a mutual fund which concentrates its investments in companies engaged in the development, production, or distribution of wireless-related products or services.
Mr. Fobes was also contributing editor of Start a Successful Mutual Fund: The Step-by-Step Reference Guide to Make It Happen (JV Books, 1995).
Performance Comparison (Average annual total returns as of 12/31/15)
Berkshire Focus Fund 13.32% 13.32% 16.95% 12.25% 11.44% 4.94% Standard & Poors 500 1.38% 1.38% 15.13% 12.57% 7.31% 6.55% Dow Jones Industrial Avg. 0.21% 0.21% 12.66% 11.30% 7.75% 6.91% NASDAQ OTC Composite 7.11% 7.11% 19.89% 15.01% 9.78% 7.88%
(1) Not annualized for periods of less than one full year.
(2) The Fund's inception date was July 1, 1997.
The Fund's performance information assumes reinvestment of all dividends and includes all Fund expenses, but does not reflect the impact of taxes. Performance data quoted represent past performance, which is not a guarantee of future results, and current performance may be lower or higher than the performance quoted. Both the return from and the principal value of an investment in the Fund will fluctuate so that any investor's shares, when redeemed, may be worth more or less than their original cost. Please keep in mind that any high double-digit returns are highly unusual and cannot be sustained. A Fund's performance, especially for short time periods, should not be the sole factor in making an investment decision. A redemption fee of 2% will be imposed on redemptions of Fund shares owned for 90 days or less. To obtain performance as of the most recent month-end, please contact The Berkshire Funds by calling 877.526.0707.
The Dow Jones Industrial Average is a measurement of general price movement for 30 widely-held stocks primarily listed on the New York Stock Exchange.The S&P 500 Index is the Standard & Poor's Composite Index of 500 stocks, a widely-recognized, unmanaged index of common stock prices. The NASDAQ Composite Index is an unmanaged index which averages the trading prices of over 5,000 common stocks listed on the NASDAQ Stock Market. You cannot invest directly in an index.
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- Contact Us
How to Contact UsCall our Shareholder Services Representatives toll-free at 877.526.0707 between 8:30 a.m. and 5:00 p.m. EST, Monday through Friday.You may also access this automated telephone response system 24 hours a day, 7 days a week to hear the day's closing net asset value or to leave a message.The Berkshire Funds
c/o Mutual Shareholder Services, LLC
8000 Town Centre Drive
Broadview Heights, OH 44147Berkshire Capital Holdings, Inc.
475 Milan Drive
San Jose, CA 95134Phone: 408.526.0707