Professionally Managed Portfolios Otter Creek Focus Strategy ETF(AMEX:OCFS)

OCFS seeks long-term capital appreciation through concentrated exposure to the mid- and small-cap US equity space. The actively managed fund includes firms with long-term structural advantages, sustainable earnings, and a consistent stream of cash flow over time. The adviser constructs the portfolio using a fundamental approach that selects stocks it believes can generate strong risk-adjusted returns over a multi-year investment time horizon. A significant portion of the fund will be invested in securities perceived to have the highest potential fundamental trajectory relative to their discounted price. The portfolio generally holds approximately 20-35 stocks. However, this may differ due to extreme market volatility. The adviser may sell a security if it no longer meets its investment criteria, if a new security is deemed more attractive than a current holding, or when the price of the security is near the advisers estimate of fair value.