Cove Street Capital Small Cap Value Fund
Fund
CSCAX
Price as of:
$31.52
+ $0.09
+ 0.29%
Primary Theme
fund company
Name
As of 09/27/2023Price
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
Vitals
YTD Return
8.8%
1 yr return
33.1%
3 Yr Avg Return
22.5%
5 Yr Avg Return
6.9%
Net Assets
$31.1 M
Holdings in Top 10
58.5%
52 WEEK LOW AND HIGH
$31.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/27/2023Price
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
CSCAX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return 22.5%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.27%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCove Street Capital Small Cap Value Fund
-
Fund Family NameCove Street Capital
-
Inception DateSep 30, 1998
-
Shares Outstanding1350526
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Bronchick
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a limited number of equity securities of small capitalization companies. The equity securities in which the Fund invests include common stocks, preferred stocks, and real estate investment trusts (“REITs”). The Fund considers a company to be a small-cap company if it has a market capitalization, at the time of purchase, in the range of $50 million to $5 billion. Although the Fund will invest primarily in the equity securities of U.S. companies, the Fund may also invest up to 20% of its assets in the securities of foreign companies, including common and preferred stocks. From time to time, the Fund may focus its investments in securities of companies in the same economic sector. The Fund’s investment strategy involves a value-oriented focus on preservation of capital over the long term using a “bottom-up” approach. The Fund may show increased portfolio turnover in a given year in order to reflect tax strategies that reduce its realized gains and losses for the benefit of the shareholders.
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CSCAX - Performance
Return Ranking - Trailing
| Period | CSCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -47.5% | 140.9% | 3.33% |
| 1 Yr | 33.1% | -52.6% | 156.3% | 3.85% |
| 3 Yr | 22.5%* | -24.4% | 33.8% | 11.85% |
| 5 Yr | 6.9%* | -20.9% | 8.2% | 36.38% |
| 10 Yr | 6.6%* | -12.0% | 7.9% | 80.40% |
* Annualized
Return Ranking - Calendar
| Period | CSCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -22.6% | -60.4% | 118.2% | 70.60% |
| 2021 | 10.5% | -43.3% | 39.3% | 48.39% |
| 2020 | -9.8% | -51.0% | 39.5% | 96.86% |
| 2019 | 22.5% | -5.6% | 37.8% | 35.00% |
| 2018 | -14.8% | -67.3% | -0.5% | 19.09% |
Total Return Ranking - Trailing
| Period | CSCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -47.5% | 140.9% | 3.33% |
| 1 Yr | 33.1% | -52.6% | 162.9% | 3.85% |
| 3 Yr | 22.5%* | -15.8% | 55.4% | 11.85% |
| 5 Yr | 6.9%* | -13.7% | 26.9% | 36.38% |
| 10 Yr | 6.6%* | -1.0% | 23.5% | 80.40% |
* Annualized
Total Return Ranking - Calendar
| Period | CSCAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 2.0% | -60.4% | 123.7% | 3.87% |
| 2021 | 32.7% | -43.3% | 47.7% | 47.31% |
| 2020 | -8.6% | -50.5% | 46.9% | 98.71% |
| 2019 | 23.3% | 2.1% | 43.7% | 68.65% |
| 2018 | -12.3% | -28.2% | 6.0% | 57.46% |
NAV & Total Return History
CSCAX - Holdings
Concentration Analysis
| CSCAX | Category Low | Category High | CSCAX % Rank | |
|---|---|---|---|---|
| Net Assets | 31.1 M | 438 K | 147 B | 93.14% |
| Number of Holdings | 33 | 2 | 2519 | 96.74% |
| Net Assets in Top 10 | 18.7 M | 213 K | 4.6 B | 77.36% |
| Weighting of Top 10 | 58.46% | 2.8% | 101.7% | 1.38% |
Top 10 Holdings
- Viasat Inc 11.46%
- SERIES A CONVERTIBLE PREFERRED STOCK OF LIFECORE B 7.08%
- Invesco Treasury Obligations Portfolio 6.88%
- Lifecore Biomedical Inc 6.34%
- IAC Inc 6.19%
- Ecovyst Inc 5.52%
- Global Indemnity Group LLC 5.46%
- KBR Inc 3.25%
- Six Flags Entertainment Corp 3.24%
- White Mountains Insurance Group Ltd 3.03%
Asset Allocation
| Weighting | Return Low | Return High | CSCAX % Rank | |
|---|---|---|---|---|
| Stocks | 86.92% | 25.32% | 100.32% | 97.26% |
| Preferred Stocks | 7.08% | 0.00% | 5.85% | 0.69% |
| Cash | 6.88% | -79.10% | 74.68% | 10.63% |
| Other | 0.00% | -8.80% | 6.95% | 65.01% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 43.13% |
| Bonds | 0.00% | 0.00% | 72.07% | 46.14% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSCAX % Rank | |
|---|---|---|---|---|
| Technology | 19.98% | 0.00% | 54.70% | 9.20% |
| Basic Materials | 18.66% | 0.00% | 18.66% | 0.17% |
| Industrials | 16.44% | 2.46% | 37.42% | 54.86% |
| Financial Services | 14.28% | 0.00% | 35.52% | 77.43% |
| Communication Services | 12.21% | 0.00% | 14.85% | 0.87% |
| Consumer Defense | 6.66% | 0.00% | 18.87% | 11.98% |
| Energy | 5.37% | 0.00% | 37.72% | 62.33% |
| Healthcare | 4.44% | 0.00% | 26.53% | 95.83% |
| Consumer Cyclical | 1.96% | 0.99% | 47.79% | 99.83% |
| Utilities | 0.00% | 0.00% | 18.58% | 93.40% |
| Real Estate | 0.00% | 0.00% | 29.43% | 97.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSCAX % Rank | |
|---|---|---|---|---|
| US | 86.92% | 24.89% | 100.00% | 95.54% |
| Non US | 0.00% | 0.00% | 36.31% | 52.49% |
CSCAX - Expenses
Operational Fees
| CSCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.33% | 0.01% | 13.16% | 30.17% |
| Management Fee | 0.85% | 0.00% | 1.50% | 76.76% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 2.76% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| CSCAX 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
| CSCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 24.53% |
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.
| CSCAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 1.00% | 314.00% | 72.64% |
CSCAX - Distributions
Dividend Yield Analysis
| CSCAX | Category Low | Category High | CSCAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 46.30% | 58.15% |
Dividend Distribution Analysis
| CSCAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| CSCAX | Category Low | Category High | CSCAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.27% | -2.40% | 2.49% | 3.99% |
Capital Gain Distribution Analysis
| CSCAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2021 | $0.465 | OrdinaryDividend |
| Dec 21, 2020 | $0.421 | OrdinaryDividend |
| Dec 20, 2019 | $0.276 | OrdinaryDividend |
CSCAX - Fund Manager Analysis
Managers
Jeffrey Bronchick
Start Date
Tenure
Tenure Rank
Sep 30, 1998
23.68
23.7%
Jeffrey Bronchick, CFA, is the Portfolio Manager and founder of Cove Street Capital (CSC). He has over 30 years’ experience running research-driven, concentrated, value-based strategies across all market capitalizations. Prior to the founding of CSC, Mr. Bronchick was the Chief Investment Officer and a lead principal of Reed Conner & Birdwell, LLC, a Los Angeles based investment manager. He was one of the first columnists for the TheStreet.com in the 1990’s and then moved on to a similar role with Grant’s Interest Rate Observer’s first online effort. Mr. Bronchick also previously worked in equity research, sales, and trading roles at Neuberger Berman, Bankers Trust, and First Boston. He attended the London School of Economics and graduated from the University of Pennsylvania with a BA in Economics.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.02 | 2.58 |