Oberweis Small-Cap Opportunities Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.1%
1 yr return
14.8%
3 Yr Avg Return
12.2%
5 Yr Avg Return
18.7%
Net Assets
$417 M
Holdings in Top 10
21.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 106.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OBSIX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return 12.2%
- 5 Yr Annualized Total Return 18.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameOberweis Small-Cap Opportunities Fund
-
Fund Family NameOberweis
-
Inception DateMay 01, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Oberweis
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets in the securities of small-cap companies. The Fund’s investment adviser, Oberweis Asset Management, Inc. (“OAM”), considers small-cap companies as those, at the time of initial investment, with a market capitalization of less than $5 billion or with a market capitalization within the range of the holdings of the Russell 2000 Index. The Fund invests principally in the common stocks of companies that OAM believes have the potential for significant long-term growth in market value.
The Fund seeks to invest in those companies which OAM considers to have above-average long-term growth potential. OAM selects companies which meet this criteria based on, among other things, fundamental analysis of individual securities. OAM’s fundamental analysis entails an evaluation of an individual company’s future growth prospects. OAM’s evaluation may be based on, among other things, financial statement analysis, stock valuation in relation to OAM’s estimate of future earnings, evaluation of competitive product or service offerings, future research and development pipeline and management interviews. OAM may actively trade the Fund’s portfolio, and as a result, the Fund’s portfolio turnover rate may be high.
The Fund primarily invests in companies headquartered in the United States. The Fund seeks to invest in equity securities that typically exhibit the following characteristics:
Under-Appreciated Revenue and Earnings Growth — potential for revenue and/or earnings growth in excess of consensus expectations.
Timely Catalyst — a recent positive earnings release or an earnings surprise that tangibly and quantitatively begins to confirm that consensus analyst expectations are too low.
Inflection Point of Change — a business that is experiencing change — often from a new product, a new management team or a regulatory change — as these changes can drive unexpected or underestimated growth. A significant gap generally exists between OAM’s forecasts and consensus analyst expectations.
Limited Analyst Coverage — a company not widely followed by other analysts to maximize the chances of finding misunderstood situations.
Sustainability — a sustainable business with a competitive position driven by niche market leadership, intellectual capital or unique manufacturing processes. Put another way, a reasonable barrier to competitive entry.
Operating Leverage — profitable and scalable business model, which tends to generate rising net profits margins as revenue growth accelerates.
Valuation — undervalued based on OAM’s growth forecasts and historical valuation metrics afforded the company and/or peers.
OBSIX - Performance
Return Ranking - Trailing
Period | OBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -2.7% | 19.7% | 25.35% |
1 Yr | 14.8% | -0.7% | 53.5% | 79.82% |
3 Yr | 12.2%* | -21.1% | 62.1% | 0.90% |
5 Yr | 18.7%* | -3.0% | 46.3% | 0.95% |
10 Yr | N/A* | 1.5% | 24.5% | 4.36% |
* Annualized
Return Ranking - Calendar
Period | OBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.1% | -20.5% | 54.6% | 39.51% |
2022 | -11.1% | -82.1% | 32.2% | 0.89% |
2021 | 18.4% | -90.6% | 300.1% | 4.11% |
2020 | 27.7% | -63.0% | 127.9% | 52.04% |
2019 | 21.8% | -7.7% | 42.9% | 51.15% |
Total Return Ranking - Trailing
Period | OBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -2.7% | 19.7% | 25.35% |
1 Yr | 14.8% | -0.7% | 53.5% | 79.82% |
3 Yr | 12.2%* | -21.1% | 62.1% | 0.90% |
5 Yr | 18.7%* | -3.0% | 46.3% | 0.95% |
10 Yr | N/A* | 1.5% | 24.5% | 4.36% |
* Annualized
Total Return Ranking - Calendar
Period | OBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.1% | -19.0% | 136.8% | 51.75% |
2022 | -9.6% | -59.9% | 44.3% | 2.30% |
2021 | 43.9% | -22.7% | 411.9% | 1.43% |
2020 | 32.8% | 1.5% | 150.8% | 62.59% |
2019 | 25.4% | 5.5% | 55.3% | 70.23% |
NAV & Total Return History
OBSIX - Holdings
Concentration Analysis
OBSIX | Category Low | Category High | OBSIX % Rank | |
---|---|---|---|---|
Net Assets | 417 M | 183 K | 28.5 B | 55.27% |
Number of Holdings | 87 | 7 | 1188 | 56.13% |
Net Assets in Top 10 | 108 M | 57.4 K | 2.83 B | 55.44% |
Weighting of Top 10 | 21.05% | 7.1% | 100.1% | 59.86% |
Top 10 Holdings
- Axcelis Technologies Inc 2.76%
- Weatherford International PLC 2.73%
- Aehr Test Systems 2.69%
- Universal Display Corp 2.09%
- Amphastar Pharmaceuticals Inc 2.03%
- Frontdoor Inc 1.83%
- TransMedics Group Inc 1.75%
- Oshkosh Corp 1.74%
- Encompass Health Corp 1.73%
- AeroVironment Inc 1.71%
Asset Allocation
Weighting | Return Low | Return High | OBSIX % Rank | |
---|---|---|---|---|
Stocks | 96.35% | 77.88% | 108.99% | 77.55% |
Cash | 3.65% | 0.00% | 27.66% | 25.91% |
Preferred Stocks | 0.00% | 0.00% | 4.08% | 59.59% |
Other | 0.00% | -0.22% | 5.89% | 67.01% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 55.27% |
Bonds | 0.00% | 0.00% | 3.22% | 53.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | OBSIX % Rank | |
---|---|---|---|---|
Technology | 22.42% | 2.91% | 75.51% | 66.15% |
Healthcare | 18.56% | 0.00% | 47.90% | 74.78% |
Consumer Cyclical | 18.47% | 0.00% | 24.04% | 5.70% |
Industrials | 17.56% | 0.00% | 36.64% | 42.49% |
Basic Materials | 6.07% | 0.00% | 9.24% | 4.84% |
Communication Services | 5.85% | 0.00% | 15.31% | 3.97% |
Consumer Defense | 4.44% | 0.00% | 13.56% | 40.93% |
Financial Services | 3.73% | 0.00% | 42.95% | 83.42% |
Energy | 2.91% | 0.00% | 55.49% | 45.77% |
Utilities | 0.00% | 0.00% | 5.57% | 67.70% |
Real Estate | 0.00% | 0.00% | 15.31% | 87.39% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | OBSIX % Rank | |
---|---|---|---|---|
US | 96.35% | 30.27% | 102.09% | 67.88% |
Non US | 0.00% | 0.00% | 61.74% | 64.25% |
OBSIX - Expenses
Operational Fees
OBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.20% | 0.05% | 23.20% | 51.04% |
Management Fee | 0.80% | 0.05% | 1.62% | 48.44% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.95% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
OBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
OBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 83.33% |
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.
OBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 106.00% | 3.00% | 439.00% | 79.76% |
OBSIX - Distributions
Dividend Yield Analysis
OBSIX | Category Low | Category High | OBSIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.17% | 61.31% |
Dividend Distribution Analysis
OBSIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
OBSIX | Category Low | Category High | OBSIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.97% | -2.47% | 1.10% | 71.28% |
Capital Gain Distribution Analysis
OBSIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 30, 2021 | $4.712 | OrdinaryDividend |
Dec 27, 2019 | $0.437 | OrdinaryDividend |
OBSIX - Fund Manager Analysis
Managers
James Oberweis
Start Date
Tenure
Tenure Rank
Dec 31, 2001
20.43
20.4%
Jim is President of Oberweis Asset Management, Inc. and oversees all investment research at Oberweis. He has spent his entire career managing portfolios of high-growth, small-cap companies. Jim is a holder of the Chartered Financial Analyst (CFA) designation. Jim earned an MBA with high honors from the University of Chicago and a BS in Computer Science from the University of Illinois. He has been a featured guest on CNBC and Bloomberg Television and authors a growth stock column for Forbes. Jim is a member of the Young Presidents’ Organization (YPO), the Economic Club of Chicago, the Investment Analysts Society of Chicago, and the CFA Institute.
Kenneth Farsalas
Start Date
Tenure
Tenure Rank
May 01, 2009
13.09
13.1%
Ken joined Oberweis Asset Management, Inc. in November 2004 and is Director of U.S. Equities and Portfolio Manager for the firm’s domestic strategies. Previously, he was employed at Dearborn Partners LLC, where he was a Managing Director and the Director of Research. Prior to that, Ken worked as a small cap Research Analyst and Portfolio Manager at Sterling Johnston Capital Management, and began his career at SEI Capital Resources as an Investment Consultant. Ken is a holder of the Chartered Financial Analyst (CFA) designation. He earned an MBA in Finance and Accounting from the University of Chicago and a BS in Journalism and Economics from Northwestern University. He is a member of the Investment Analysts Society of Chicago and the CFA Institute. Ken has been featured on Forbes.com and has provided commentary on various investment issues to Investor’s Business Daily, Reuters and Bloomberg.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.04 | 5.25 |