Investment Thesis:

This discretionary portfolio holds stocks that are related to the sports industry. It contains professional sports teams, sports betting and gambling companies, makers of athletic apparel and equipment, and sports entertainment media, and personal fitness companies.

Stocks are chosen by the investment advisor. Rebalances are intended to be infrequent.

Risks: This portfolio comprises stocks and is susceptible to the inherent volatility and potential declines that characterize the stock market. Additionally, this portfolio is concentrated in companies that are strongly linked to sports. This portfolio will be vulnerable to shocks affecting this particular part of the economy.