Stanphyl Capital Management November Update

For November 2017 the fund was up approximately 5.0% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 3.1% while the Russell 2000 was up approximately 2.9%. Year to date the fund is down approximately 13.4% net while the S&P 500 is up approximately 20.5% and the Russell 2000 is up approximately 15.1%. Since inception on June 1, 2011 the fund is up approximately 97.5% net while the S&P 500 is up approximately 126.1% and the Russell 2000 is up approximately 99.3%. Since inception the fund has compounded at approximately 11.0% net annually...