B. Riley Diversified Equity Fund Awarded Four-Star Ranking by Morningstar in the Small Capitalization Growth Category
April 12 2017 - 4:30PM
B. Riley Asset Management (BRAM), a division of B. Riley Capital
Management, LLC, a wholly owned subsidiary of B. Riley Financial
Inc. (NASDAQ:RILY), announced today that its mutual fund, B. Riley
Diversified Equity Fund (BRDZX) (the “Fund”), has been awarded a
four out of five star ranking by Morningstar based on total
returns.1 The Fund, which was ranked in the top 6% out of 616 funds
for the period April 1, 2016 to March 31, 2017 in the
small-capitalization growth category, was developed by the Advisor,
BRAM, on February 10, 2014. Through investments in a selection of
“best ideas” from the Research Group, which is a part of B. Riley
& Co., LLC, a wholly owned subsidiary of B. Riley Financial,
Inc., the Fund looks for compelling growth opportunities across the
market capitalization spectrum, including those found in smaller
and overlooked companies.
“With independent thinking at the core of B. Riley & Co.’s
approach, investments in the B. Riley Diversified Equity Fund offer
access to ideas outside of the mainstream,” said Bryant Riley, CEO
of B. Riley Capital Management. “The success and growth of the fund
since its start signifies the strength of the Research Group’s
capabilities.”
“The Fund, which began with internal capital has seen continued
growth over the past three years,” said Chuck Hastings, Portfolio
Manager of B. Riley Capital Management. “This is largely due to the
combination of deep fundamental research of a team of analysts with
a rules-based approach to portfolio management. We’re happy to
continue applying this rigorous approach to the proprietary
selection process based on selections vetted by these experienced
analysts.”
1 Morningstar rankings are determined as follows: the top 10%
of funds in each category with the highest risk-adjusted return
receive 5 stars, the next 22.5% receive 4 stars, the next 35%
receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10%
receives 1 star. The Morningstar rating is for the
Institutional share class only; other classes may have different
performance characteristics. Since B. Riley Asset Management
has entered into a written expense limitation agreement, fees were
waived and expenses were advanced during the period on which the
ranking is based. Without this waiver, total return would
have been lower.
About B. Riley Diversified Equity Fund
To bring its expertise to a wider range of individual and
institutional investors, the Advisor, B. Riley Asset Management, a
division of B. Riley Capital Management, LLC, developed the B.
Riley Diversified Equity Fund on February 10, 2014. Through
investments in a selection of “best ideas” from the B. Riley &
Co. Research Group, the B. Riley Diversified Equity Fund pursues an
attractive level of risk-adjusted return for investors. To learn
more about the B. Riley Diversified Equity Fund, please visit
www.brileyamfunds.com.
B. Riley Financial, Inc. (NASDAQ:RILY) is a publicly
traded, diversified financial services company which takes a
collaborative approach to the capital raising and financial
advisory needs of public and private companies and high net worth
individuals. The Company operates through several wholly-owned
subsidiaries, including B. Riley & Co.,
LLC (www.brileyco.com), Great American Group,
LLC (www.greatamerican.com), Great American Capital
Partners (www.gacapitalpartners.com) and B. Riley Capital
Management, LLC, an SEC Registered Investment Advisor, (which
includes B. Riley Asset Management and B. Riley Wealth Management,
(www.brileywealth.com). Since the acquisition of United
Online, Inc. (www.untd.com) in July 2016, B. Riley
Financial, Inc. also provides internet access services under
the NetZero and Juno brands.
An investor should consider the investment objective, risks, and
charges and expenses of the Fund carefully before investing. Past
performance is not a guarantee of future results. Investment return
and principal value of an investment in a Fund will fluctuate so
that an investor’s shares, when redeemed, may be worth more or less
than their original cost. The Fund’s prospectus and summary
prospectus contains this and other information about the Fund and
should be read carefully before investing. An investor can obtain a
copy of the B. Riley Diversified Equity Fund prospectus and summary
prospectus online or by calling (310) 689-2244.
Chuck Hastings
(310) 689-2244
chastings@brileyam.com
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