The Charbonneau Villager Newspaper 2019 July issue Villager Newspaper

THE CHARBONNEAU VILLAGER 9 July 2019 Charbonneau Tennis Club AUXIER FOCUS FUND INVESTOR CLASS SHARES PERFORMANCE UPDATE By STEPHEN HALL March 31, 2019 Club satisfaction survey results show high levels of satisfaction COURTESY PHOTO Every two years the tennis club con- ducts a survey with club members to have them assess our performance and to HALL solicit ideas for mak- ing improvements. Thirty-eight percent of the club mem- bers responded to the survey. We are currently in the process of analyzing the results of the survey and identify- ing potential improvement opportu- nities that will serve as input for our 2019 Tactical Planning process. The following are some of the highlights of the survey: The pickleball clinic was a big success and nearly two dozen residents have signed up for the new outdoor membership. What do members like best about the club? Regular team play is over for the summer. The following Charbonneau Tennis Club teams have qualified for the sectionals: ■ Adult 55 men’s 8.0 team captained by Tom King & Carlin Jackson - 6/28/2019 ■ Adult 65 women’s 7.0 team cap- tained by Susan Lively & Susan Cary - 9/12/2019 Team play will begin for the adult age 55 & the mixed age 18 league in September. ■ The people and friendly What are the most popular activities? ■ Lessons & clinics ■ Open play ■ Ball machine ■ USTA team play Pickleball Implementation The pickleball implementation is go- ing well. The pickleball exhibition and free clinic were both well attended. So far, 21 Charbonneau residents have signed up for the new outdoor member- ship, which includes pickleball. The fol- lowing are some of the things we have done to increase the pickleball activity: ■ Prepared a contact list of pickle- ball players along with their experi- ence level ■ Created a time slot where mem- bers new to pickleball can drop in and pair up and play ed by our tennis pro Craig Koessler to provide instruction and the ability to meet other pickleball players To obtain an outdoor membership, contact Kim Hosford in the Charbon- neau Country Club office. Existing members and those that enroll for 2019 outdoor memberships prior to Oct. 31, 2019 will not be required to pay a $100 initiation fee when they pay their membership fees for 2020. 1 Year Annualized 5 Year Annualized 10 Year Annaualized Annualized Since Inception (July 9, 1999) Cumulative Since Inception (July 9, 1999) Auxier Focus Fund 9.16% 7.58% 6.90% 11.29% 7.31% 302.28% S&P 500 Index 13.65% 9.50% 10.91% 15.92% 5.64% 195.12% Performance data quoted represents past performance and is no guarantee of future results. The Fund may have ĞǆƉĞƌŝĞŶĐĞĚŶĞŐĂƟǀĞƉĞƌĨŽƌŵĂŶĐĞĚƵƌŝŶŐŽŶĞŽĨĂůůŽĨƚŚĞƐĞƟŵĞƉĞƌŝŽĚƐ͘ Current performance may be lower or ŚŝŐŚĞƌ ƚŚĂŶ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞ ĚĂƚĂ ƋƵŽƚĞĚ͘ /ŶǀĞƐƚŵĞŶƚ ƌĞƚƵƌŶ ĂŶĚ ƉƌŝŶĐŝƉĂů ǀĂůƵĞ ǁŝůů ŇƵĐƚƵĂƚĞ ƐŽ ƚŚĂƚ ĂŶ ŝŶǀĞƐƚŽƌ͛Ɛ shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Investor ůĂƐƐ^ŚĂƌĞ͛ƐĂŶŶƵĂůŽƉĞƌĂƟŶŐĞǆƉĞŶƐĞƌĂƟŽ;ŐƌŽƐƐͿŝƐϭ͘ϭϬй͘dŚĞĚǀŝƐĞƌŚĂƐĐŽŶƚƌĂĐƚƵĂůůǇĂŐƌĞĞĚƚŽǁĂŝǀĞĂƉŽƌƟŽŶ ŽĨŝƚƐĨĞĞĂŶĚͬŽƌƌĞŝŵďƵƌƐĞ&ƵŶĚĞǆƉĞŶƐĞƐƚŽůŝŵŝƚdŽƚĂůŶŶƵĂů&ƵŶĚKƉĞƌĂƟŶŐǆƉĞŶƐĞƐƚŽϬ͘ϵϴйƚŚƌŽƵŐŚKĐƚŽďĞƌϯϭ͕ ϮϬϭϵ͘KƚŚĞƌƐŚĂƌĞĐůĂƐƐĞƐŵĂǇǀĂƌǇ͘dŚĞ&ƵŶĚĐŚĂƌŐĞƐĂϮ͘ϬйƌĞĚĞŵƉƟŽŶĨĞĞŽŶƐŚĂƌĞƐƌĞĚĞĞŵĞĚǁŝƚŚŝŶƐŝǆŵŽŶƚŚƐŽĨ ƉƵƌĐŚĂƐĞ͘ZĞƚƵƌŶƐƐŚŽǁŶĨŽƌůĞƐƐƚŚĂŶƐŝǆŵŽŶƚŚƐĚŽŶŽƚƌĞŇĞĐƚƚŚĞϮ͘ϬйƌĞĚĞŵƉƟŽŶĨĞĞ͘&ŽƌƚŚĞŵŽƐƚƌĞĐĞŶƚŵŽŶƚŚͲ ĞŶĚƉĞƌĨŽƌŵĂŶĐĞ͕ƉůĞĂƐĞĐĂůů;ϴϳϳͿϯϮϴͲϵϰϯϳŽƌǀŝƐŝƚƚŚĞĚǀŝƐĞƌ͛ƐǁĞďƐŝƚĞĂƚǁǁǁ͘ĂƵǆŝĞƌĂƐƐĞƚ͘ĐŽŵ͘dŚĞƌĞĐĞŶƚŐƌŽǁƚŚ ƌĂƚĞŝŶƚŚĞƐƚŽĐŬŵĂƌŬĞƚŚĂƐŚĞůƉĞĚƚŽƉƌŽĚƵĐĞƐŚŽƌƚͲƚĞƌŵƌĞƐƵůƚƐƚŚĂƚĂƌĞŶŽƚƚǇƉŝĐĂůĂŶĚŵĂǇŶŽƚĐŽŶƟŶƵĞŝŶƚŚĞĨƵƚƵƌĞ͘ AUXIER FOCUS FUND GROWTH OF $10,000 Auxier Focus Fund - Growth of $10,000 $45,000 USTA Team Play Club Performance survey Overall club satisfaction Meets expectations 29% Exceeds expectations 71% Club management Meets expectations 23% Exceeds expectations 77% Club pro performance Meets expectations 39% Exceeds expectations 61% Schedule of events June 27-30 Charbonneau Tennis tournament Aug. 11 Summer social Dec. 31 New Years party $40,000 $40,228 Auxier Focus Fund S&P 500 Stock Index $35,000 $29,512 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 2 02 a atmosphere ■ The value ■ Ease of booking court time ■ Good well-maintained facility ■ Provided weekly clinics conduct- 3 Month Cummulative ĞĨŽƌĞŝŶǀĞƐƟŶŐǇŽƵƐŚŽƵůĚĐĂƌĞĨƵůůǇĐŽŶƐŝĚĞƌƚŚĞ&ƵŶĚ͛ƐŝŶǀĞƐƚŵĞŶƚŽďũĞĐƟǀĞƐ͕ƌŝƐŬƐ͕ĐŚĂƌŐĞƐĂŶĚĞǆƉĞŶƐĞƐ͘dŚŝƐĂŶĚ ŽƚŚĞƌŝŶĨŽƌŵĂƟŽŶŝƐŝŶƚŚĞƉƌŽƐƉĞĐƚƵƐ͕ĂĐŽƉǇŽĨǁŚŝĐŚŵĂǇďĞŽďƚĂŝŶĞĚďǇĐĂůůŝŶŐ;ϴϳϳͿϯϮϴͲϵϰϯϳŽƌǀŝƐŝƟŶŐƚŚĞ&ƵŶĚ͛Ɛ ǁĞďƐŝƚĞ͘WůĞĂƐĞƌĞĂĚƚŚĞƉƌŽƐƉĞĐƚƵƐĐĂƌĞĨƵůůǇďĞĨŽƌĞǇŽƵŝŶǀĞƐƚ͘ d ŚĞŐƌĂƉŚƐŚŽǁƐƚŚĞǀĂůƵĞŽĨĂŚǇƉŽƚŚĞƟĐĂůŝŶŝƟĂůŝŶǀĞƐƚŵĞŶƚŽĨΨϭϬ͕ϬϬϬŝŶƚŚĞĨƵŶĚĂŶĚƚŚĞ^ΘWϱϬϬ/ŶĚĞǆŽŶ:ƵůǇϵ͕ϭϵϵϵ;ŝŶĐĞƉƟŽŶ ŽĨƚŚĞ&ƵŶĚͿĂŶĚŚĞůĚƚŚƌŽƵŐŚDĂƌĐŚϯϭ͕ϮϬϭϵ͘&ƵŶĚƌĞƚƵƌŶƐ;ŝͿĂƐƐƵŵĞƚŚĞƌĞŝŶǀĞƐƚŵĞŶƚŽĨĂůůĚŝǀŝĚĞŶĚƐĂŶĚĐĂƉŝƚĂůŐĂŝŶĚŝƐƚƌŝďƵƟŽŶƐĂŶĚ;ŝŝͿ ǁŽƵůĚŚĂǀĞďĞĞŶůŽǁĞƌĚƵƌŝŶŐƚŚĞƉĞƌŝŽĚŝĨĐĞƌƚĂŝŶĨĞĞůƐĂŶĚĞǆƉĞŶƐĞƐŚĂĚŶŽƚďĞĞŶǁĂŝǀĞĚ͘WĞƌĨŽƌŵĂŶĐĞƐŚŽǁŶŝƐĨŽƌƚŚĞ&ƵŶĚ͛Ɛ/ŶǀĞƐƚŽƌ ůĂƐƐƐŚĂƌĞƐ͖ƌĞƚƵƌŶƐĨŽƌŽƚŚĞƌƐŚĂƌĞĐůĂƐƐĞƐǁŝůůǀĞƌǇ͘WĞƌĨŽƌŵĂŶĐĞĨŽƌ/ŶǀĞƐƚŽƌůĂƐƐƐŚĂƌĞƐĨŽƌƉĞƌŝŽĚƐƉƌŝŽƌƚŽĞĐĞŵďĞƌϭϬ͕ϮϬϬϰƌĞŇĞĐƚƐ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞĂƉƉůŝĐĂďůĞƐŚĂƌĞĐůĂƐƐŽĨƵǆŝĞƌ&ŽĐƵƐ&ƵŶĚ͕ĂƐĞƌŝĞƐŽĨhŶŝĮĞĚ^ĞƌŝĞƐdƌƵƐƚ;ƚŚĞ͞WƌĞĚĞĐĞƐƐŽƌ&ƵŶĚ͟Ϳ͘WƌŝŽƌƚŽ:ĂŶƵĂƌǇϯ͕ ϮϬϬϯ͕ƚŚĞWƌĞĚĞĐĞƐƐŽƌ&ƵŶĚǁĂƐĂƐĞƌŝĞƐŽĨŵĞƌŝƉƌŝŵĞ&ƵŶĚƐ͘dŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ&ƵŶĚ͛Ɛ/ŶǀĞƐƚŽƌůĂƐƐƐŚĂƌĞƐĨŽƌƚŚĞƉĞƌŝŽĚƉƌŝŽƌƚŽ ĞĐĞŵďĞƌϭϬ͕ϮϬϬϰƌĞŇĞĐƚƐƚŚĞĞǆƉĞŶƐĞƐŽĨƚŚĞWƌĞĚĞĐĞƐƐŽƌ&ƵŶĚ͘dŚĞ^ΘWϱϬϬ/ŶĚĞǆŝƐĂďƌŽĂĚͲďĂƐĞĚ͕ƵŶŵĂŶĂŐĞĚŵĞĂƐƵƌĞŵĞŶƚŽĨĐŚĂŶŐĞƐ ŝŶƐƚŽĐŬŵĂƌŬĞƚĐŽŶĚŝƟŽŶƐďĂƐĞĚŽŶϱϬϬǁŝĚĞůǇŚĞůĚĐŽŵŵŽŶƐƚŽĐŬƐ͘KŶĞĐĂŶŶŽƚŝŶǀĞƐƚĚŝƌĞĐƚůǇŝŶĂŶŝŶĚĞǆ͘ dŚĞ&ƵŶĚŵĂǇŝŶǀĞƐƚŝŶǀĂůƵĞƐƚŽĐŬƐ͕ǁŚŝĐŚĂƌĞƐƵďũĞĐƚƚŽƌŝƐŬƚŚĂƚƚŚĞŝƌŝŶƚƌŝŶƐŝĐǀĂůƵĞŵĂǇŶĞǀĞƌďĞƌĞĂůŝǌĞĚ͕ĂŶĚŐƌŽǁƚŚƐƚŽĐŬƐ͕ǁŚŝĐŚ ŵĂǇďĞƐƵƐĐĞƉƟďůĞƚŽƌĂƉŝĚƉƌŝĐĞƐǁŝŶŐƐ͘/ŶǀĞƐƚŵĞŶƚƐŝŶŵŝĚͲƐŝǌĞĚĐŽŵƉĂŶŝĞƐŐĞŶĞƌĂůůǇĐĂƌƌǇŐƌĞĂƚĞƌƌŝƐŬƚŚĂŶŝƐĐƵƐƚŽŵĂƌŝůǇĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚůĂƌŐĞƌĐŽŵƉĂŶŝĞƐ͘DŽƌĞŽǀĞƌ͕ŝĨƚŚĞ&ƵŶĚ͛ƐƉŽƌƞŽůŝŽŝƐŽǀĞƌͲǁĞŝŐŚĞĚŝŶĂƐĞĐƚŽƌ͕ĂŶǇŶĞŐĂƟǀĞĚĞǀĞůŽƉŵĞŶƚĂīĞĐƟŶŐƚŚĂƚƐĞĐƚŽƌǁŝůů ŚĂǀĞĂŐƌĞĂƚĞƌŝŵƉĂĐƚŽŶƚŚĞ&ƵŶĚƚŚĂŶĂĨƵŶĚƚŚĂƚŝƐŶŽƚŽǀĞƌǁĞŝŐŚĞĚŝŶƚŚĂƚƐĞĐƚŽƌ͘ŶŝŶĐƌĞĂƐĞŝŶŝŶƚĞƌĞƐƚƌĂƚĞƐƚǇƉŝĐĂůůǇĐĂƵƐĞƐĂĨĂůůŝŶ ƚŚĞǀĂůƵĞŽĨĂĚĞďƚƐĞĐƵƌŝƚǇ;&ŝǆĞĚͲ/ŶĐŽŵĞ^ĞĐƵƌŝƟĞƐZŝƐŬͿǁŝƚŚĐŽƌƌĞƐƉŽŶĚŝŶŐĐŚĂŶŐĞƐƚŽƚŚĞ&ƵŶĚ͛ƐǀĂůƵĞ͘&ŽƌĞŝŐŶƐĞĐƵƌŝƟĞƐĂƌĞƐƵďũĞĐƚ ƚŽĂĚĚŝƟŽŶĂůƌŝƐŬƐŝŶĐůƵĚŝŶŐŝŶƚĞƌŶĂƟŽŶĂůƚƌĂĚĞ͕ĐƵƌƌĞŶĐǇ͕ƉŽůŝƟĐĂů͕ƌĞŐƵůĂƚŽƌǇĂŶĚĚŝƉůŽŵĂƟĐƌŝƐŬƐ͘Foreside Fund Services, LLC, distributor. 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The Charbonneau Villager Newspaper 2019 July issue Villager Newspaper | Page 9