Payson Total Return
PBFDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Forum Funds (Payson) DE United States of America
- IPO Date
- Nov 25, 1991
- CIK
- 0000315774
- Website
- hmpayson.com
- Similar Companies
- Business
- Payson Total Return Fund (PBFDX) is an open-end mutual fund that seeks a combination of high current income and capital appreciation through investments primarily in common stocks and convertible securities of large- and mid-capitalization domestic companies, defined as those with market capitalizations exceeding $12 billion for large-cap and $2 billion to $12 billion for mid-cap; the fund employs a quantitative and fundamental approach to identify undervalued securities relative to companies' financial conditions, with a portfolio heavily weighted toward U.S. stocks (approximately 95%), including significant allocations to technology (33.8%), industrials (14.3%), and financial services (11.7%), and top holdings such as Apple Inc., Broadcom Inc., Meta Platforms Inc., Alphabet Inc., and NVIDIA Corp.. Launched on November 25, 1991, the fund is managed by a team at H.M. Payson & Co., including Peter E. Robbins (co-portfolio manager since 2008), William Weickert, and newer additions Noah Petrucci, Benjamin Michaud, and Jeffrey Soules (all since January 31, 2024), with total net assets of approximately $307 million, a net expense ratio of 0.81%, and a minimum initial investment of $2,000. H.M. Payson & Co., the fund's investment adviser, is one of the oldest independent investment firms in the United States, founded in 1854 and headquartered at One Portland Square, Portland, Maine; the firm, a non-depository state-chartered trust company and SEC-registered investment adviser, manages the fund as part of its broader wealth preservation and growth strategies for individuals, trusts, endowments, and foundations primarily in the United States. In late 2024, H.M. Payson & Co. agreed to be acquired by Corient, a U.S. wealth management subsidiary of CI Financial, marking a significant strategic shift for the adviser as it pairs Maine's largest registered investment adviser (with over $7.9 billion in assets under management) with a Florida-based firm expanding into the Northeast; this transaction, terms undisclosed, supports enhanced capabilities for the Payson Total Return Fund amid ongoing portfolio management continuity.