Joseph Frankenfield serves as the sole portfolio manager of Saga Partners LLC since early 2019, after the firm was originally founded by Joe Frankenfield and Michael Nowacki in 2016. He is based in Rocky River, Ohio, and has passed the Series 63 regulatory exam, registered to provide advisory services in Ohio. His professional background includes experience at Keybanc Capital Markets Inc and Nowacki Asset Management LLC. Under his management, the Saga Portfolio has delivered impressive long-term performance with an annualized return of 17.3% net of fees since inception in 2017, outperforming the S&P 500's 14.9%. The portfolio achieved exceptional recent performance with a 52.2% net-of-fees increase in the second half of 2024 versus the S&P 500's 9.5%. In 2020, the portfolio's 42.6% annualized net return would have ranked 3rd out of 1,800 U.S. equity mutual funds on Morningstar's database. Frankenfield manages the firm's growth from inception to over 50 investors and approximately $15 million in assets under management. The firm can be reached at (440) 488-6936 for investor inquiries.

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Saga Partners employs a fundamental, long-term value investment approach seeking returns above the general market. The firm selects investments based on three criteria: companies building durable competitive advantages, management that thinks and acts like long-term owners, and attractive returns if shares were owned for 10+ years. The investment philosophy focuses on the expected return of assets over their lifespans based on microeconomic fundamentals rather than market timing. The Portfolio concentrates in 5-10 best ideas, emphasizing companies whose long-term earning potential can be understood and evaluated. The firm believes intrinsic value equals present value of future net cash flows driven by competitive advantages such as economies of scale, integration, and market power. They maintain that valuation always matters and no opportunity is so good that there isn't a price too high. Short-term price movements are considered unpredictable and rarely meaningful beyond buyer-seller dynamics. The approach emphasizes knowledge as a catalyst enabling repeatable transformations. Many best-performing stocks historically outperformed during periods when traditional valuation metrics failed to capture full long-term potential.

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