Tom Plumb comments on why he’s looking at the payments sector as an alternative to FANGs. Looking for companies that have high recurring revenue and high growth, he believes the “payments space” is the place to be.

Opinions expressed are those of the author or Plumb Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. References to other mutual funds should not be interpreted as an offer of these securities.

By clicking the link you are leaving the Plumb Funds site and entering a third party site. The Plumb Funds are not responsible for any information contained on the third party site.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-866-987-7888 or visiting www.plumbfunds.com.

Click here for holdings and most recent quarter-end performance for the Plumb Equity Fund.

Click here for holdings and most recent quarter-end performance for the Plumb Balanced Fund.

Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Definitions of terms and indices

FANG is the acronym for four high-performing technology stocks: Facebook, Amazon, Netflix and Google (now Alphabet, Inc.).

Price to Earnings (P/E) Ratio is a common tool for comparing the prices of different common stocks and is calculated by dividing the current market price of a stock by the earnings per share. The P/E ratio is not a measure of future performance or growth.

S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance.

One cannot invest in an index.

References to other mutual funds should not be considered an offer to buy or sell these securities.