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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.90

$8.43 M

2.92%

$0.31

2.84%

Vitals

YTD Return

-9.1%

1 yr return

11.3%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

N/A

Net Assets

$8.43 M

Holdings in Top 10

39.8%

52 WEEK LOW AND HIGH

$10.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$100,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.90

$8.43 M

2.92%

$0.31

2.84%

FSVVX - Profile

Distributions

  • YTD Total Return -9.1%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Clifford Capital Focused Small Cap Value Fund
  • Fund Family Name
    Clifford Capital
  • Inception Date
    Oct 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Batchelor

Fund Description

Under normal market conditions, the Focused SCV Fund invests at least 80% of its net assets in the equity securities of U.S. companies with small market capitalizations (“small cap companies”) that the Fund’s investment adviser, Clifford Capital Partners, LLC (the “Adviser”), believes are trading at a discount to what they are worth at the time of purchase and have the potential for capital appreciation with acceptable downside risks. The Adviser considers a company to be a small cap company if its market capitalization is no larger than that of the largest company in the Russell 2000® Index at the time a new position is established, based on the index data as of the end of the previous calendar quarter. The market capitalization of the largest company in the index is subject to change. As of December 31, 2023, the market capitalization of the largest company in the Russell 2000® Index was $6.0 billion. This investment policy may be changed by the Focused SCV Fund upon 60 days’ prior notice to shareholders.

The Adviser uses a disciplined “bottom-up” selection process to identify equity securities of companies that appear to be selling at a discount to the Adviser’s assessment of their potential value. To evaluate a company’s potential value, the Adviser uses analysis techniques such as normalized price multiples (including price to earnings, price to book value, and price to cash flow); estimated private market value; liquidation analysis; discounted cash flow analysis; and dividend discount models.

The Adviser strives to buy stocks at a discount to intrinsic value, taking advantage of price dislocations caused by short-term investor orientation, herd influences, and other irrational investor behavior. The Adviser also buys stocks at a discount resulting from the increasing market clout of passive investors and investors who rely on non-company-specific analysis, such as investors who trade funds and ETFs of entire sectors or industries rather than individual stocks. These investment opportunities arise when, in the opinion of the Adviser, the expectations implied in a company’s stock price are too low relative to the firm’s long-term earnings power or to its current assets. The Fund also may invest in sponsored or unsponsored American Depository Receipts (“ADRs”).

The overall portfolio construction methodology is guided by a dynamic mix of two types of stocks:

Core Value stocks – investments in companies the Adviser believes are high-quality companies that earn high returns on capital. These stocks will represent 50-75% of the Focused SCV Fund’s holdings.
Deep Value stocks – opportunistic investments in companies the Adviser believes are deeply-undervalued. These stocks, plus the Fund’s cash holdings, will represent the remaining 25-50% of the Focused SCV Fund.

The Focused SCV Fund will normally hold between 25 and 35 securities. The Adviser believes that maintaining a relatively small number of portfolio holdings allows each security to have a meaningful impact on the portfolio’s results. The number of securities held by the Focused SCV Fund may occasionally differ from this range at times such as when the portfolio manager is accumulating new positions, phasing out and exiting positions, or responding to exceptional market conditions.

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FSVVX - Performance

Return Ranking - Trailing

Period FSVVX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -11.0% 11.8% 100.00%
1 Yr 11.3% -0.8% 43.6% 96.04%
3 Yr -2.8%* -12.8% 69.3% 98.15%
5 Yr N/A* -3.6% 49.5% N/A
10 Yr N/A* -3.4% 26.6% N/A

* Annualized

Return Ranking - Calendar

Period FSVVX Return Category Return Low Category Return High Rank in Category (%)
2023 14.7% -18.4% 33.6% 27.63%
2022 -16.1% -36.7% 212.9% 44.74%
2021 7.5% -62.0% 147.6% 84.79%
2020 8.7% -24.8% 31.3% 15.57%
2019 N/A -30.1% 34.0% N/A

Total Return Ranking - Trailing

Period FSVVX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -11.0% 11.8% 100.00%
1 Yr 11.3% -0.8% 43.6% 96.04%
3 Yr -2.8%* -12.8% 69.3% 98.15%
5 Yr N/A* -3.6% 49.5% N/A
10 Yr N/A* -3.4% 26.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FSVVX Return Category Return Low Category Return High Rank in Category (%)
2023 24.2% -15.5% 35.4% 4.39%
2022 -11.4% -36.7% 250.0% 50.78%
2021 21.0% -3.2% 157.9% 95.39%
2020 10.3% -13.5% 33.4% 12.97%
2019 N/A -17.4% 34.3% N/A

NAV & Total Return History


FSVVX - Holdings

Concentration Analysis

FSVVX Category Low Category High FSVVX % Rank
Net Assets 8.43 M 2.53 M 46.3 B 96.52%
Number of Holdings 32 10 1583 97.39%
Net Assets in Top 10 3.35 M 217 K 2.97 B 94.78%
Weighting of Top 10 39.76% 0.3% 88.4% 11.76%

Top 10 Holdings

  1. Pitney Bowes, Inc. 5.04%
  2. CVB Financial Corp. 4.93%
  3. NCR Atleos Corp. 4.05%
  4. Westamerica Bancorp 4.04%
  5. Stericycle, Inc. 3.89%
  6. Thermon Group Holdings, Inc. 3.75%
  7. Millicom International Cellualar S.A. 3.56%
  8. KLX Energy Services Holdings, Inc. 3.54%
  9. Liberty Energy, Inc. 3.51%
  10. Evertec, Inc. 3.43%

Asset Allocation

Weighting Return Low Return High FSVVX % Rank
Stocks
94.15% 0.99% 105.89% 91.09%
Cash
3.23% 0.00% 99.01% 30.43%
Preferred Stocks
2.62% 0.00% 2.62% 0.65%
Other
0.00% -1.78% 40.01% 86.09%
Convertible Bonds
0.00% 0.00% 2.63% 88.11%
Bonds
0.00% 0.00% 73.18% 88.26%

Stock Sector Breakdown

Weighting Return Low Return High FSVVX % Rank
Financial Services
22.93% 0.00% 35.71% 54.89%
Technology
20.33% 0.00% 34.03% 2.89%
Industrials
14.38% 0.65% 48.61% 79.78%
Consumer Defense
9.90% 0.00% 13.22% 4.89%
Healthcare
9.85% 0.00% 25.76% 12.44%
Consumer Cyclical
7.78% 0.00% 51.62% 87.11%
Communication Services
6.35% 0.00% 24.90% 6.22%
Energy
4.24% 0.00% 29.42% 82.44%
Basic Materials
4.24% 0.00% 67.30% 67.33%
Utilities
0.00% 0.00% 13.86% 99.11%
Real Estate
0.00% 0.00% 44.41% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High FSVVX % Rank
US
94.15% 0.96% 105.89% 84.35%
Non US
0.00% 0.00% 67.90% 91.09%

FSVVX - Expenses

Operational Fees

FSVVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.84% 0.05% 37.04% 4.35%
Management Fee 0.90% 0.00% 1.50% 80.61%
12b-1 Fee N/A 0.00% 1.00% 16.79%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

FSVVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSVVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

FSVVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 252.00% 86.10%

FSVVX - Distributions

Dividend Yield Analysis

FSVVX Category Low Category High FSVVX % Rank
Dividend Yield 2.92% 0.00% 14.21% 40.00%

Dividend Distribution Analysis

FSVVX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

FSVVX Category Low Category High FSVVX % Rank
Net Income Ratio 0.84% -1.43% 4.13% 23.56%

Capital Gain Distribution Analysis

FSVVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FSVVX - Fund Manager Analysis

Managers

Ryan Batchelor


Start Date

Tenure

Tenure Rank

Oct 01, 2019

2.67

2.7%

Ryan P. Batchelor is Principal, co-founder and Portfolio Manager at Clifford Capital Partners. Prior to founding Clifford in April of 2010, Ryan served as a Senior Equity Analyst at Wells Capital Management from 2007 to 2010 for the Disciplined Value team, which managed a Morningstar-rated five-star mid-cap mutual fund. Ryan was a generalist, scouring all sectors of the market but also had specific responsibility for the financial services sector. Ryan was commended for timely trading recommendations at advantageous buying and selling points and for quick and thorough company- specific and industry-wide analyses in an environment of rapid change and disruption.   Before joining Wells Capital Management, Ryan was an Equity Strategist and Analyst with Morningstar, Inc. for three years where he served as specialty finance analyst and team leader. He initiated the five-page InternationalInvestor section in the firm's flagship StockInvestor monthly stock investment newsletter and implemented department-wide improvements to Morningstar's foreign coverage universe. Ryan was quoted regularly in local and national media, including The Wall Street Journal, Barron's, The Economist, Financial Times, USA Today, and US News & World Report. He also made live television appearances on CNBC and Bloomberg TV, as well as radio spots on NPR, Bloomberg Radio and local stations.   Ryan graduated summa cum laude from Brigham Young University - Hawaii in 1999 with a BS in Accounting and received his MBA in Finance from the Marriott School of Management at Brigham Young University in 2004. He holds the Chartered Financial Analyst® designation and is a Certified Public Accountant (CPA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.17 3.58