AVALX: Aegis Value

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AVALX Aegis Value

  • Fund
  • AVALX
  • Price as of: Nov 15, 2019
  • $16.17 - $0.21 - 1.28%

AVALX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 5.9%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $101 M
  • Holdings in Top 10 48.8%

52 WEEK LOW AND HIGH

$16.17
$14.68
$18.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$5,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Aegis Value Fund
  • Fund Family Name Aegis
  • Inception Date May 15, 1998
  • Shares Outstanding 6060938
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Scott L. Barbee

Fund Description

The fund invests primarily in common stocks that the fund's investment advisor believes are significantly undervalued relative to the market based on fundamental accounting measures including book value (assets less liabilities), revenues, or cash flow. It has no percentage allocation for investments in small- or mid-capitalization companies, and the fund may invest up to 100% of its portfolio in the securities of these companies.

AVALX - Performance

Return Ranking - Trailing

Period AVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -58.8% 64.6% 80.96%
1 Yr -8.4% -95.3% 66.3% 88.63%
3 Yr 5.9%* -62.3% 38.4% 35.03%
5 Yr 4.2%* -45.7% 27.4% 31.52%
10 Yr 9.1%* -14.1% 32.1% 37.00%

* Annualized


Return Ranking - Calendar

Period AVALX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.5% -100.0% 23.6% 86.25%
2017 17.4% -55.3% 69.8% 18.31%
2016 68.2% -56.6% 80.1% 0.53%
2015 -24.0% -50.8% 22.5% 94.48%
2014 -38.4% -87.7% 249.9% 99.59%

Total Return Ranking - Trailing

Period AVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -58.8% 64.6% 81.25%
1 Yr -8.4% -63.7% 66.3% 90.23%
3 Yr 5.9%* -35.6% 38.4% 49.84%
5 Yr 4.2%* -32.2% 27.4% 49.09%
10 Yr 9.1%* -14.1% 32.1% 50.13%

* Annualized


Total Return Ranking - Calendar

Period AVALX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.5% -100.0% 23.6% 90.79%
2017 17.4% -55.3% 69.8% 34.04%
2016 70.7% -56.6% 80.1% 0.53%
2015 -24.0% -50.8% 30.8% 96.38%
2014 -26.0% -87.7% 249.9% 98.96%

NAV & Total Return History

AVALX - Holdings

Concentration Analysis

AVALX Category Low Category High AVALX % Rank
Net Assets 101 M 491 K 102 B 59.17%
Number of Holdings 50 2 6176 64.63%
Net Assets in Top 10 54.3 M -642 M 25.8 B 50.28%
Weighting of Top 10 48.81% 0.0% 20474.3% 30.11%

Top 10 Holdings

  1. Fly Leasing Ltd ADR 8.11%

  2. Strad Inc 5.44%

  3. Amerigo Resources Ltd 5.42%

  4. Mercer International Inc 4.89%

  5. Dundee Precious Metals Inc 4.78%

  6. Leagold Mining Corp 4.45%

  7. Delta Apparel Inc 4.19%

  8. Geodrill Ltd 4.06%

  9. Alaska Communications Systems Group Inc 4.05%

  10. HighPoint Resources Corp 3.43%


Asset Allocation

Weighting Return Low Return High AVALX % Rank
Stocks
98.20% -18.38% 101.23% 8.10%
Cash
1.77% -6.52% 7388.76% 87.22%
Other
0.02% -7288.76% 38.16% 22.16%
Preferred Stocks
0.00% -0.48% 19.87% 32.81%
Convertible Bonds
0.00% 0.00% 16.29% 24.01%
Bonds
0.00% -11.97% 42.16% 41.19%

Stock Sector Breakdown

Weighting Return Low Return High AVALX % Rank
Basic Materials
48.04% -35.69% 71.11% 0.72%
Energy
20.66% -7.00% 96.18% 1.88%
Industrials
11.28% -24.82% 58.12% 19.54%
Consumer Cyclical
8.86% -18.86% 290.60% 44.14%
Financial Services
4.83% -23.60% 71.54% 70.77%
Communication Services
4.05% -92.49% 42.32% 20.41%
Utilities
0.00% -18.94% 75.11% 66.71%
Technology
0.00% -90.00% 73.59% 91.17%
Real Estate
0.00% -42.91% 52.16% 72.94%
Healthcare
0.00% -12.85% 79.31% 89.00%
Consumer Defense
0.00% -66.89% 53.36% 81.77%

Stock Geographic Breakdown

Weighting Return Low Return High AVALX % Rank
Non US
59.32% -40.71% 100.29% 0.57%
US
38.88% -24.97% 84.31% 81.53%

AVALX - Expenses

Operational Fees

AVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.04% 11.84% 55.20%
Management Fee 1.20% 0.00% 2.94% 77.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 1.12% 60.00%

Sales Fees

AVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

Turnover 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.

AVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 5191.00% 56.04%

AVALX - Distributions

Dividend Yield Analysis

AVALX Category Low Category High AVALX % Rank
Dividend Yield 0.00% 0.00% 14.24% 51.06%

Dividend Distribution Analysis

AVALX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

AVALX Category Low Category High AVALX % Rank
Net Income Ratio -0.57% -8.87% 4.47% 80.67%

Capital Gain Distribution Analysis

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

AVALX - Managers

Scott L. Barbee

Manager

Start Date

Tenure

Tenure Rank

May 15, 1998

21.48

21.5%

Mr. Barbee serves as managing director and portfolio manager with AFC, his employer since 1997. Previously, he was an equity research analyst with an investment management boutique Donald Smith & Company. Prior to that, from 1993 to 1995, he was an oil service equity research analyst and later an oil service investment banking analyst at Simmons & Company. Mr. Barbee graduated from Rice University in 1993 and received an MBA degree from the Wharton School at the University of Pennsylvania in 1997. He holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

40.85

Category Average

7.9

Category Mode

1.5