Chesapeake Mutual Funds

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Investment Evaluation

We seek investments with the following characteristics:

Earnings Growth

  • Typically EPS growth of 15% or better
  • Earnings Growth derived from a positive change in fundamentals

Valuation Disconnect

  • Focus on companies whose valuation is not yet reflective of quality or magnitude of growth rate
  • Discipline helps provide a dual fold means of price appreciation and engenders an intrinsic level of downside risk protection


  • Driver of change typically a function of internal factors
  • Focused on growth drivers that are misperceived or not yet understood by Wall Street

Balance sheet strength

  • Research leads to companies with strong balance sheets
  • Low debt/capital, along with strong asset quality and cash flow allow companies to be in control of their operations and growth opportunities

Insulated macroeconomic risk

  • Seek growth that is primarily determined by internal changes vs less-predictable macroeconomic conditions
  • Avoid investing where factors such as fluctuations in commodity prices, currency exchange rates, and interest rates greatly inhibit earnings predictability

Gardner Lewis Asset Management serves as the investment adviser to the Chesapeake Funds. Chesapeake Funds are offered by prospectus and summary prospectus only to U.S. individual and institutional investors. An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contains this and other information about the Fund. A copy of the prospectus and summary prospectus is available by calling the Fund directly at (800) 430-3863 or the Fund’s Adviser at (610) 558-2800. The prospectus and summary prospectus should be read carefully before investing.

The Chesapeake Funds may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase shares of the fund.

Underwriter and Distributor: Ultimus Fund Distributors, LLC
225 Pictoria Drive, Suite 450, Cincinnati, OH 45246
Phone: (800) 430-3863