Disciplined Equity Fund



Benchmark: S&P 500 Index
Inception Date: June 1, 2009

Institutional: GLDNX (cusip: 56166Y719)
Fund AUM as of September 30, 2021: $33M
DE LargeCap Strategy AUM/AUA as of September 30, 2021: $1,396M

Investment Minimums

Institutional Class Initial Subsequent
Regular Account $1,000 $500
Retirement Account $500 $200

Fees and Expenses

Management Fee 0.60%
12b-1 Distribution Fee 0.00%
Other Expenses 0.52%
Total Expense Ratio 1.13%
Net Expense Ratio 0.86%
The Advisor has contractually agreed to waive fees through July 29, 2022.

Additional Information

The Disciplined Equity Fund seeks to provide total return.


  • Follows a large cap "core" strategy


The Fund is actively managed using a proprietary quantitative process which projects a stock’s performance based upon a variety of factors. Applying a “bottom up” systematic process, the Management Team evaluates a broad universe of stocks using three independent analyses, each of which is designed to provide a distinct valuation perspective:

  • Broad Universe Analysis: Evaluates each stock relative to all other stocks in the large cap universe using financial and technical factors.
  • Style-Specific Analysis: Segregates the S&P 500 Index into four style and market cap groups and evaluates each stock relative to its peers using a customized model which includes financial and technical factors specific to each style and market cap combination.
  • Sector-Specific Analysis: Divides the universe into 11 economic sectors and evaluates each stock relative to its sector peers using financial and technical factors.

These three analyses are combined to generate an excess return expectation for each stock. This expectation is used to rank all stocks from best to worst and only those in the top 20% are considered for purchase.

The Sub-Adviser determines the size of each position owned by the Fund by analyzing the tradeoffs among a number of factors, including the investment attractiveness of each position, its estimated impact on the risk of the overall portfolio and the expected cost of trading.

At the discretion of the Adviser or Sub-Adviser, the Fund may invest up to 100% of its assets in cash, cash equivalents, and high-quality, short-term debt securities and money market instruments for temporary defensive purposes in response to adverse market, economic or political conditions, which may result in the Fund not achieving its investment objective.


Jon E. Quigley, CFA
Chief Investment Officer - Disciplined Equities

Jon is a Chief Investment Officer of Disciplined Equities and has over 19 years of investment experience. He leads the management of all client portfolios and provides managerial oversight of the Disciplined Equity Team. Jon earned a B.A. in Economics from Wake Forest University. He is a member of the Society of Quantitative Analysts, the CFA Institute, the CFA Tampa Bay Society, and the Chicago Quantitative Alliance.


John D. Bright, CFA
Senior Portfolio Manager

Mr. Bright is a Portfolio Manager – Disciplined Equity of the Adviser since 2011. He has over 16 years of investment experience. Mr. Bright is primarily responsible for portfolio construction and research across all disciplined equity strategies. From 1998 to 2002, he was a Senior Trading Associate with Investment Advisory Services, a division of Raymond James Financial, where he was responsible for block and individual account trading as well as portfolio management review. Mr. Bright earned a B.S. in Finance from the University of South Florida and has obtained the Chartered Financial Analyst designation. He is a member of the CFA Institute and the CFA Tampa Bay Society.