Dear Fellow Shareholders:
As my June report noted, I could have repurposed my March commentary with a June date. For my September comments, I could easily recycle my June comments (which closely echoed March) with a September date. More simply put, not much has changed. The U.S. continues in a slow expansion producing full employment without inflation (which usually accompanies full employment). This is a rare but happy economic state.
SALT LAKE CITY, — Seven Canyons World Innovators Fund has been named to Investor’s Business Daily list of the Best Mutual Funds for 2019.