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Trending ETFs

Name

As of 12/09/2022

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

$12.86

$31.1 M

0.07%

$0.01

1.24%

Vitals

YTD Return

-30.4%

1 yr return

-27.4%

3 Yr Avg Return

-6.8%

5 Yr Avg Return

-5.7%

Net Assets

$31.1 M

Holdings in Top 10

30.1%

52 WEEK LOW AND HIGH

$12.9
$12.85
$18.89

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2022

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

$12.86

$31.1 M

0.07%

$0.01

1.24%

GLSCX - Profile

Distributions

  • YTD Total Return -30.4%
  • 3 Yr Annualized Total Return -6.8%
  • 5 Yr Annualized Total Return -5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Great lakes Small Cap Opportunity Fund
  • Fund Family Name
    Great Lakes Funds
  • Inception Date
    Dec 05, 2008
  • Shares Outstanding
    261704
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Benjamin Kim

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization (“small cap”) companies, including common and preferred stocks and convertible securities. It is currently anticipated that the Fund normally will invest at least 95% of its net assets in these companies. The Fund considers a company to be a small cap company if it has a market capitalization, at the time of purchase, within the capitalization range of the Russell 2000® Index. The market capitalizations within the index vary, but as of June 30, 2022, they ranged from approximately $9.6 million to $10.3 billion.
Although the Fund may from time to time emphasize smaller or larger capitalization companies within the range of the Russell 2000® Index, as a result of the investment process discussed below, the Adviser anticipates that generally the Fund’s weighted average market capitalization will be similar to that of the Russell 2000® Index. The Fund’s investments primarily include common stocks of U.S.-based companies that are listed on a U.S. stock exchange, although the Fund may invest up to 20% of its total assets in securities denominated in foreign currencies or with non-U.S. headquartered companies that have American Depositary Receipts (“ADRs”) that trade on a United States exchange. From time to time, the Fund may focus its investments in securities of companies in the same economic sector, including the financial and industrial sectors.
Although the principles underlying the Adviser’s investment process were not selected solely because they are identified with either a “growth” or “value” style of investing, it is likely the case that the Fund’s investment style will often times exhibit characteristics more closely associated with “value” investing than “growth.”
The Fund is actively managed using a fundamental process that incorporates both quantitative screening techniques and rigorous investment analysis. The Adviser has designed its fundamental process to add value in the small cap universe which it believes lacks an efficient market. Many listed securities have limited published research coverage, which may result in the market not fully assessing the value or growth prospects of the companies.
The Adviser seeks to invest in the securities of companies it believes are undervalued by the marketplace in relation to the company’s ability to generate attractive returns on capital. Attractive returns can then be reinvested in growth opportunities or a return of capital to shareholders in the form of dividends, debt repayment, or share buybacks. The Adviser considers measures such as price/book (“P/B”) ratio, price/sales (“P/S”) ratio, price/earnings (“P/E”) ratio, earnings relative to enterprise value (the total value of a company’s outstanding equity and debt), and the discounted value of a company’s future cash flows.
In addition to investing in equity securities of small cap companies, the Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted by the Investment Company Act of 1940, as amended (the “1940 Act”), in order to reduce cash balances in the Fund and increase the level of Fund assets exposed to small cap companies.
The Adviser determines the size of each position (i.e., stocks owned by the Fund) by analyzing the trade-offs among a number of factors, including the investment attractiveness of each position, its estimated impact on the risk of the overall portfolio, the expected cost of trading, and an assessment of the material environmental, social, and governance (ESG) factors that may affect a company’s performance.
Holdings are generally sold as they reach the Adviser’s valuation targets, or if the situation changes in an unexpected way which may permanently impair return prospects. For example, situations can change due to management missteps or changes in the macro-economic environment.
In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.
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GLSCX - Performance

Return Ranking - Trailing

Period GLSCX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.4% -50.7% 152.4% 95.45%
1 Yr -27.4% -51.3% 132.1% 89.30%
3 Yr -6.8%* -21.0% 28.5% 85.40%
5 Yr -5.7%* -24.0% 9.7% 78.38%
10 Yr N/A* -10.2% 15.2% 83.81%

* Annualized

Return Ranking - Calendar

Period GLSCX Return Category Return Low Category Return High Rank in Category (%)
2023 16.1% -71.0% 40.7% 26.16%
2022 -0.7% -30.0% 45.2% 92.32%
2021 4.4% -25.4% 350.1% 89.10%
2020 -5.0% -31.9% 5.2% 33.39%
2019 0.4% -62.1% 21.1% 68.76%

Total Return Ranking - Trailing

Period GLSCX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.4% -50.7% 152.4% 95.45%
1 Yr -27.4% -51.3% 132.1% 89.30%
3 Yr -6.8%* -21.0% 28.5% 85.40%
5 Yr -5.7%* -22.4% 9.7% 84.86%
10 Yr N/A* -4.7% 15.2% 82.34%

* Annualized

Total Return Ranking - Calendar

Period GLSCX Return Category Return Low Category Return High Rank in Category (%)
2023 16.1% -71.0% 40.7% 26.16%
2022 -0.7% -30.0% 45.2% 92.32%
2021 4.4% -25.4% 27.7% 89.10%
2020 -5.0% -31.9% 7.8% 51.18%
2019 1.8% -3.8% 26.5% 63.26%

NAV & Total Return History


GLSCX - Holdings

Concentration Analysis

GLSCX Category Low Category High GLSCX % Rank
Net Assets 31.1 M 1.48 M 120 B 92.20%
Number of Holdings 49 2 2519 92.98%
Net Assets in Top 10 10.2 M 6 K 4.6 B 85.01%
Weighting of Top 10 30.14% 2.6% 100.0% 10.68%

Top 10 Holdings

  1. Axis Capital Holdings Ltd 3.68%
  2. Jefferies Financial Group Inc 3.64%
  3. First American Financial Corp 3.33%
  4. Dentsply Sirona Inc 3.30%
  5. Jones Lang LaSalle Inc 3.22%
  6. Gildan Activewear Inc 3.20%
  7. Acuity Brands Inc 3.19%
  8. Investors Bancorp Inc 3.17%
  9. Newmarket Corp 3.14%
  10. Patterson Companies Inc 3.12%

Asset Allocation

Weighting Return Low Return High GLSCX % Rank
Stocks
98.11% 25.32% 100.32% 52.95%
Cash
1.90% -79.10% 74.68% 44.34%
Preferred Stocks
0.00% 0.00% 5.85% 9.57%
Other
0.00% -8.80% 6.95% 10.53%
Convertible Bonds
0.00% 0.00% 3.17% 8.13%
Bonds
0.00% 0.00% 72.07% 7.66%

Stock Sector Breakdown

Weighting Return Low Return High GLSCX % Rank
Consumer Cyclical
24.87% 0.00% 47.79% 0.64%
Financial Services
19.91% 0.00% 35.52% 14.98%
Technology
16.91% 0.00% 54.70% 19.32%
Industrials
12.57% 2.46% 37.42% 95.33%
Healthcare
9.52% 0.00% 26.53% 78.90%
Energy
7.35% 0.00% 37.72% 23.99%
Real Estate
2.94% 0.00% 29.43% 89.37%
Basic Materials
2.55% 0.00% 18.66% 91.95%
Communication Services
2.35% 0.00% 14.85% 56.04%
Consumer Defense
1.03% 0.00% 18.87% 96.94%
Utilities
0.00% 0.00% 18.58% 88.41%

Stock Geographic Breakdown

Weighting Return Low Return High GLSCX % Rank
US
92.97% 24.89% 100.00% 78.47%
Non US
5.14% 0.00% 36.31% 11.64%

GLSCX - Expenses

Operational Fees

GLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.03% 2.78% 25.81%
Management Fee 0.60% 0.00% 1.50% 27.59%
12b-1 Fee 0.25% 0.00% 1.00% 28.62%
Administrative Fee N/A 0.01% 0.45% 39.28%

Sales Fees

GLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 77.55%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GLSCX 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.

GLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.20% 314.00% 50.94%

GLSCX - Distributions

Dividend Yield Analysis

GLSCX Category Low Category High GLSCX % Rank
Dividend Yield 0.07% 0.00% 8.88% 35.87%

Dividend Distribution Analysis

GLSCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

GLSCX Category Low Category High GLSCX % Rank
Net Income Ratio -0.08% -2.40% 2.49% 67.42%

Capital Gain Distribution Analysis

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

Distributions History

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GLSCX - Fund Manager Analysis

Managers

Benjamin Kim


Start Date

Tenure

Tenure Rank

Aug 01, 2014

7.84

7.8%

Mr. Kim joined as Senior Research Analyst in April, 2011. As a Senior Research Analyst for the Small Cap Portfolio, Mr. Kim was/is responsible for equity investments in the Industrial, Technology, and Materials sectors. Prior to joining Great Lakes Advisors, Mr. Kim was an Investment Analyst at Harris Associates from 2007 to 2009 and a Securities Analyst for Skyline Asset Management from 1998 to 2007. Mr. Kim holds a BS in Accounting from Indiana University and an MBA with a concentration in Finance and Economics from the University of Chicago. He is a CFA charter holder and a Certified Public Accountant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.0 2.58