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Choice Equities Fund 2Q22 Commentary: Crocs And SiteOne

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Choice Equities Fund commentary for the second quarter ended June 30, 2022. Dear Investor: I hope this letter finds you well. Choice Equities Fund generated losses of -17.4% on a net basis in the second quarter, taking year-to-date performance to -34.6%. This compares to the Russell 2000’s -17.2% loss for the quarter and -23.5% loss year-to-date and the S&P 500’s loss of -16.1% for the quarter and -20.0% loss year-to-date. Since inception in 2017, the fund has generated annualized gains of +15.7% versus +5.6% and +12.0% for the Russell 2000 and S&P 500, respectively. Q2 2022 hedge fund letters…

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