World Funds Trust - Clifford Capital Partners Fund USD Cls Sup Inst
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$17.18
$121 M
1.66%
$0.29
1.35%
Vitals
YTD Return
-3.7%
1 yr return
4.9%
3 Yr Avg Return
12.2%
5 Yr Avg Return
N/A
Net Assets
$121 M
Holdings in Top 10
42.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 26.01%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$17.18
$121 M
1.66%
$0.29
1.35%
CLIQX - Profile
Distributions
- YTD Total Return -3.7%
- 3 Yr Annualized Total Return 12.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.65%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameWorld Funds Trust - Clifford Capital Partners Fund USD Cls Sup Inst
-
Fund Family NameClifford Capital
-
Inception DateJan 08, 2020
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRyan Batchelor
Fund Description
To achieve its investment objective, the Partners Fund invests primarily in equity securities of U.S. companies of any size 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 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 overall portfolio construction 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 Partners 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 Partners Fund. |
The Partners 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 Partners 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.
CLIQX - Performance
Return Ranking - Trailing
| Period | CLIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.7% | -47.5% | 22.4% | 97.63% |
| 1 Yr | 4.9% | -50.4% | 17.9% | 96.83% |
| 3 Yr | 12.2%* | -15.8% | 26.9% | 88.95% |
| 5 Yr | N/A* | -14.8% | 10.2% | 21.30% |
| 10 Yr | N/A* | -8.0% | 9.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CLIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -6.2% | -41.6% | 1.2% | 4.53% |
| 2021 | 14.9% | -41.5% | 44.9% | 64.71% |
| 2020 | N/A | -29.0% | 22.1% | N/A |
| 2019 | N/A | -8.1% | 32.7% | N/A |
| 2018 | N/A | -36.8% | -7.2% | N/A |
Total Return Ranking - Trailing
| Period | CLIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.7% | -47.5% | 22.4% | 97.63% |
| 1 Yr | 4.9% | -50.4% | 18.3% | 96.83% |
| 3 Yr | 12.2%* | -9.8% | 28.8% | 88.95% |
| 5 Yr | N/A* | -8.3% | 12.6% | 20.51% |
| 10 Yr | N/A* | 0.5% | 12.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CLIQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -3.9% | -35.0% | 2.4% | 48.27% |
| 2021 | 25.3% | 6.2% | 48.3% | 90.11% |
| 2020 | N/A | -22.9% | 23.2% | N/A |
| 2019 | N/A | 5.5% | 37.0% | N/A |
| 2018 | N/A | -22.3% | -4.1% | N/A |
NAV & Total Return History
CLIQX - Holdings
Concentration Analysis
| CLIQX | Category Low | Category High | CLIQX % Rank | |
|---|---|---|---|---|
| Net Assets | 121 M | 2.86 M | 45 B | 84.29% |
| Number of Holdings | 31 | 9 | 2354 | 96.86% |
| Net Assets in Top 10 | 24.8 M | 129 K | 9.16 B | 86.91% |
| Weighting of Top 10 | 42.08% | 5.3% | 99.9% | 7.07% |
Top 10 Holdings
- CDK Global Inc 5.20%
- eBay Inc 5.16%
- NCR Corp 4.82%
- American Express Co 4.32%
- CIT Group Inc 4.31%
- GlaxoSmithKline PLC ADR 4.16%
- AutoZone Inc 4.13%
- Stericycle Inc 4.11%
- First Hawaiian Inc 4.08%
- General Mills Inc 3.94%
Asset Allocation
| Weighting | Return Low | Return High | CLIQX % Rank | |
|---|---|---|---|---|
| Stocks | 99.02% | 85.69% | 100.65% | 26.70% |
| Cash | 0.98% | -0.65% | 14.30% | 65.71% |
| Preferred Stocks | 0.00% | 0.00% | 5.42% | 57.59% |
| Other | 0.00% | 0.00% | 5.56% | 68.06% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 54.21% |
| Bonds | 0.00% | 0.00% | 4.65% | 56.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CLIQX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.13% | 0.00% | 60.11% | 18.95% |
| Technology | 19.70% | 0.00% | 30.07% | 1.58% |
| Consumer Defense | 14.01% | 0.00% | 33.79% | 3.42% |
| Healthcare | 13.76% | 0.00% | 32.47% | 14.21% |
| Consumer Cyclical | 11.11% | 0.00% | 29.62% | 50.00% |
| Industrials | 10.24% | 0.00% | 29.02% | 83.68% |
| Energy | 5.91% | 0.00% | 29.17% | 75.00% |
| Basic Materials | 3.15% | 0.00% | 23.88% | 74.74% |
| Utilities | 0.00% | 0.00% | 24.69% | 96.84% |
| Real Estate | 0.00% | 0.00% | 40.74% | 96.58% |
| Communication Services | 0.00% | 0.00% | 19.80% | 93.95% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CLIQX % Rank | |
|---|---|---|---|---|
| US | 91.04% | 55.79% | 100.30% | 87.96% |
| Non US | 7.98% | 0.00% | 36.04% | 6.02% |
CLIQX - Expenses
Operational Fees
| CLIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.01% | 16.27% | 24.35% |
| Management Fee | 0.75% | 0.00% | 1.20% | 75.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 22.13% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| CLIQX 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% | 4.00% | N/A |
Trading Fees
| CLIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| CLIQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 26.01% | 0.00% | 227.00% | 22.77% |
CLIQX - Distributions
Dividend Yield Analysis
| CLIQX | Category Low | Category High | CLIQX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.66% | 0.00% | 9.24% | 69.11% |
Dividend Distribution Analysis
| CLIQX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| CLIQX | Category Low | Category High | CLIQX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.65% | -1.84% | 4.73% | 9.76% |
Capital Gain Distribution Analysis
| CLIQX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2020 | $0.377 | OrdinaryDividend |
| Dec 30, 2019 | $0.064 | OrdinaryDividend |
CLIQX - Fund Manager Analysis
Managers
Ryan Batchelor
Start Date
Tenure
Tenure Rank
Jan 30, 2014
8.34
8.3%
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 | 35.59 | 8.57 | 10.92 |