Footprints Discover Value
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.05 M
Holdings in Top 10
62.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 4.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.98%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$10,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DVALX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.15%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFootprints Discover Value Fund
-
Fund Family NameFootprints
-
Inception DateDec 27, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen Lococo
Fund Description
The Fund's adviser seeks to achieve the Fund's investment objective by investing primarily in common stock and fixed income securities of domestic issuers using the adviser's "Absolute Value" strategy. This strategy relies upon both fundamental and technical analysis to select securities the adviser believes are undervalued and mispriced by the markets.
The adviser uses qualitative and quantitative elements of fundamental analysis, including the use of internal and external resources, to identify securities currently discounted by the market such as those selling below the replacement cost of assets they represent. To determine if a company, in total, is being undervalued, the adviser's research team derives an estimate of the company's Absolute Value from key components, including management's competency, experience, culture, and ownership as well as earnings potential, free cash flow, current debt load, asset replacement cost and sector fundamentals. Once fundamentally-screened discounted securities are identified, the adviser assesses the risk and rewards of securities of the company at various levels of the capital structure (debt or common stock). After identifying the appropriate investment vehicle within the capital structure, the adviser uses technical analysis, such as a trend-following or a momentum-based price forecast, to identify what it believes is the optimal purchase price.
The Fund invests without restriction as to issuer capitalization, or the credit quality rating and maturity of fixed income securities. With respect to the fixed income portion of the Fund's portfolio, the adviser invests primarily in lower quality rated corporate debt commonly known as "junk bonds." Junk bonds are rated lower than Baa3 by Moody's Investors Service ("Moody's") or lower than BBB- by Standard and Poor's Rating Group ("S&P").
The adviser seeks capital appreciation from common and preferred stocks and fixed income securities as well as income from dividends or interest to generate total return. The Fund's adviser does not have a set asset allocation target between such equity and fixed income securities. The adviser sells a security once a price target is reached, when more attractive investments are available or to optimally re-allocate Fund assets consistent with the adviser's Absolute Value strategy.
The Fund is non-diversified which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund.
DVALX - Performance
Return Ranking - Trailing
Period | DVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -9.4% | 22.1% | 98.07% |
1 Yr | N/A | -26.2% | 15.0% | 92.72% |
3 Yr | N/A* | -17.3% | 38.1% | 85.91% |
5 Yr | N/A* | -24.8% | 42.9% | 94.43% |
10 Yr | N/A* | -21.2% | 23.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | DVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -32.6% | -36.7% | 212.9% | 99.56% |
2022 | 30.6% | -38.4% | 60.6% | 15.00% |
2021 | 14.6% | -9.3% | 66.8% | 5.35% |
2020 | -13.1% | -5.9% | 7.6% | 99.76% |
2019 | N/A | -12.3% | -1.2% | N/A |
Total Return Ranking - Trailing
Period | DVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -12.9% | 20.1% | 94.00% |
1 Yr | N/A | -26.2% | 10.9% | 92.93% |
3 Yr | N/A* | -17.3% | 38.5% | 85.88% |
5 Yr | N/A* | -19.4% | 42.9% | 96.35% |
10 Yr | N/A* | -10.1% | 23.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -32.6% | -36.7% | 212.9% | 99.78% |
2022 | 30.6% | -38.4% | 60.6% | 79.32% |
2021 | 14.6% | -7.6% | 66.8% | 8.37% |
2020 | -12.7% | -5.9% | 7.6% | 100.00% |
2019 | N/A | -12.3% | -1.2% | N/A |
NAV & Total Return History
DVALX - Holdings
Concentration Analysis
DVALX | Category Low | Category High | DVALX % Rank | |
---|---|---|---|---|
Net Assets | 2.05 M | 1.55 M | 47.3 B | 100.00% |
Number of Holdings | 12 | 10 | 1551 | 99.78% |
Net Assets in Top 10 | 1.68 M | 812 K | 2.82 B | 97.61% |
Weighting of Top 10 | 62.30% | 4.8% | 95.7% | 0.66% |
Top 10 Holdings
- MBIA Inc 9.37%
- Enovix Corp 9.25%
- American Superconductor Corp 9.05%
- SeaChange International Inc 8.38%
- Rodgers Silicon Valley Acquisition Corp Units (1 Ord Share & 1/2 War) 5.44%
- EchoStar Corp 5.40%
- Lumen Technologies Inc Ordinary Shares 5.08%
- ADT Inc 4.30%
- Western Energy Services Corp 4.15%
- DAVIDsTEA Inc 3.96%
Asset Allocation
Weighting | Return Low | Return High | DVALX % Rank | |
---|---|---|---|---|
Stocks | 64.63% | 14.38% | 100.16% | 99.57% |
Cash | 35.37% | -52.43% | 47.85% | 0.65% |
Preferred Stocks | 0.00% | 0.00% | 5.63% | 57.92% |
Other | 0.00% | -0.88% | 5.25% | 57.92% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 56.83% |
Bonds | 0.00% | 0.00% | 51.67% | 57.27% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DVALX % Rank | |
---|---|---|---|---|
Industrials | 34.97% | 0.65% | 48.61% | 2.41% |
Technology | 26.52% | 0.00% | 34.03% | 0.66% |
Financial Services | 14.50% | 0.00% | 35.71% | 88.18% |
Energy | 10.03% | 0.00% | 29.42% | 26.04% |
Communication Services | 7.87% | 0.00% | 24.90% | 3.50% |
Consumer Defense | 6.12% | 0.00% | 13.22% | 17.07% |
Utilities | 0.00% | 0.00% | 13.86% | 90.59% |
Real Estate | 0.00% | 0.00% | 44.41% | 97.59% |
Healthcare | 0.00% | 0.00% | 25.76% | 99.34% |
Consumer Cyclical | 0.00% | 0.00% | 51.62% | 100.00% |
Basic Materials | 0.00% | 0.00% | 67.30% | 99.34% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DVALX % Rank | |
---|---|---|---|---|
US | 56.52% | 11.42% | 100.16% | 99.13% |
Non US | 8.11% | 0.00% | 78.53% | 8.24% |
DVALX - Expenses
Operational Fees
DVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 4.26% | 0.05% | 37.36% | 2.84% |
Management Fee | 1.00% | 0.00% | 1.50% | 91.42% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.37% |
Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
DVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | 24.36% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.50% | 2.00% | 70.00% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.98% | 7.00% | 252.00% | 19.46% |
DVALX - Distributions
Dividend Yield Analysis
DVALX | Category Low | Category High | DVALX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.84% | 69.38% |
Dividend Distribution Analysis
DVALX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
DVALX | Category Low | Category High | DVALX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.15% | -1.43% | 4.13% | 99.34% |
Capital Gain Distribution Analysis
DVALX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
DVALX - Fund Manager Analysis
Managers
Stephen Lococo
Start Date
Tenure
Tenure Rank
Dec 27, 2017
4.43
4.4%
Steve Lococo, CMT® founded the Footprints Asset Management & Research, Inc. in 2003 and serves as its President. Mr. Lococo is also a registered representative of GVC Capital LLC, a registered broker-dealer (2003–present). Prior to founding the Footprints Asset Management & Research, Inc, Mr. Lococo was a Registered Representative for Smith Hayes Financial Services (2002-2003), Kirkpatrick Pettis (1990-2002), Paine Webber (1984-1990), and worked in various positions within the broker-dealer First Mid-America (1976-1984). Mr. Lococo holds a BA in Finance from the University of Nebraska, has acquired several industry licenses, including NASD (presently FINRA) Series 7,24,63, and 65 licenses and is a Level II Chartered Market Technician.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.2 | 3.58 |