Overview
PFA, organized in 2011, provides investment advisory services to a family of mutual funds, closed-end funds,
(“Registered Funds”), and private funds. PFA is owned by Mount Yale Capital Group, LLC, whose direct and indirect
owners and/or control persons are its Managing Partners Greg D. Anderson and John L. Sabre. Mr. Sabre’s spouse
is also an indirect owner.
PFA acts as the investment adviser or co-adviser to open-end and closed-end management investment companies
registered under the Investment Company Act of 1940.
More information concerning each Registered Fund, including advisory fees and investment minimums, is available
in the applicable fund’s prospectus and statement of additional information or Confidential
Private Placement
Memorandum, as applicable.
PFA serves as investment adviser to private investment funds that have been closed to new investors since 2008
(the “Private Funds”). Information concerning their investment minimums, fees, investment objectives, strategies
and risks is set forth in their applicable offering documents.
References to the “Private Funds” in this brochure include only the Private Funds and not the Private Funds’ investors.
Copies of this brochure, however, will be provided to the Private Funds’ investors upon request.
Assets Under Management
As of December 31, 2023, PFA manages $929,555,881 in client assets on a discretionary basis and no client assets on a
non-discretionary basis.