Palm Valley Capital Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
7.6%
3 Yr Avg Return
4.4%
5 Yr Avg Return
N/A
Net Assets
$245 M
Holdings in Top 10
88.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PVCMX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.89%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePalm Valley Capital Fund
-
Fund Family NamePalm Valley
-
Inception DateMay 01, 2019
-
Shares Outstanding11755070
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Cinnamond
Fund Description
PVCMX - Performance
Return Ranking - Trailing
Period | PVCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -12.0% | 7.1% | 12.89% |
1 Yr | 7.6% | -3.2% | 31.3% | 92.22% |
3 Yr | 4.4%* | -14.5% | 66.7% | 24.24% |
5 Yr | N/A* | -4.0% | 46.9% | N/A |
10 Yr | N/A* | -3.9% | 25.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | PVCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | -18.4% | 33.6% | 85.84% |
2022 | 0.8% | -36.7% | 212.9% | 2.26% |
2021 | 1.7% | -62.0% | 147.6% | 91.63% |
2020 | 16.0% | -24.8% | 31.3% | 5.24% |
2019 | N/A | -30.1% | 34.0% | N/A |
Total Return Ranking - Trailing
Period | PVCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -12.0% | 7.1% | 12.89% |
1 Yr | 7.6% | -3.2% | 31.3% | 92.22% |
3 Yr | 4.4%* | -14.5% | 66.7% | 24.24% |
5 Yr | N/A* | -4.0% | 46.9% | N/A |
10 Yr | N/A* | -3.9% | 25.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PVCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.5% | -15.5% | 35.4% | 91.37% |
2022 | 3.2% | -36.7% | 250.0% | 3.61% |
2021 | 3.7% | -3.2% | 157.9% | 98.60% |
2020 | 19.1% | -13.5% | 33.4% | 4.76% |
2019 | N/A | -17.4% | 34.3% | N/A |
NAV & Total Return History
PVCMX - Holdings
Concentration Analysis
PVCMX | Category Low | Category High | PVCMX % Rank | |
---|---|---|---|---|
Net Assets | 245 M | 2.13 M | 52.9 B | 60.96% |
Number of Holdings | 25 | 10 | 1578 | 99.78% |
Net Assets in Top 10 | 217 M | 180 K | 3.01 B | 27.41% |
Weighting of Top 10 | 88.45% | 0.3% | 88.4% | 0.22% |
Top 10 Holdings
- United States Treasury Bill 18.24%
- United States Treasury Bill 17.50%
- United States Treasury Bill 16.64%
- United States Treasury Bill 15.13%
- First American Treasury Obligations Fund 9.72%
- Sprott Physical Silver Trust 3.21%
- Lassonde Industries Inc 2.80%
- Sprott Physical Gold Trust 1.99%
- Avista Corp 1.65%
- Amdocs Ltd 1.56%
Asset Allocation
Weighting | Return Low | Return High | PVCMX % Rank | |
---|---|---|---|---|
Bonds | 67.52% | 0.00% | 73.18% | 1.10% |
Stocks | 22.43% | 0.99% | 104.11% | 98.68% |
Cash | 10.06% | 0.00% | 99.01% | 8.55% |
Preferred Stocks | 0.00% | 0.00% | 2.62% | 35.96% |
Other | 0.00% | -1.78% | 40.01% | 52.41% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 33.56% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PVCMX % Rank | |
---|---|---|---|---|
Financial Services | 23.45% | 0.00% | 35.71% | 49.33% |
Technology | 21.93% | 0.00% | 34.03% | 0.67% |
Energy | 15.84% | 0.00% | 29.42% | 5.16% |
Consumer Defense | 11.45% | 0.00% | 13.22% | 4.04% |
Industrials | 9.90% | 0.65% | 48.61% | 97.76% |
Basic Materials | 9.11% | 0.00% | 67.30% | 9.42% |
Utilities | 6.15% | 0.00% | 13.86% | 5.38% |
Consumer Cyclical | 2.17% | 0.00% | 51.62% | 99.10% |
Real Estate | 0.00% | 0.00% | 44.41% | 95.29% |
Healthcare | 0.00% | 0.00% | 25.76% | 98.65% |
Communication Services | 0.00% | 0.00% | 24.90% | 92.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PVCMX % Rank | |
---|---|---|---|---|
US | 19.63% | 0.96% | 104.11% | 98.68% |
Non US | 2.80% | 0.00% | 67.90% | 12.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PVCMX % Rank | |
---|---|---|---|---|
Government | 40.47% | 0.00% | 56.51% | 0.50% |
Cash & Equivalents | 9.72% | 0.00% | 100.00% | 10.75% |
Derivative | 0.00% | -1.78% | 8.53% | 33.55% |
Securitized | 0.00% | 0.00% | 17.64% | 30.27% |
Corporate | 0.00% | 0.00% | 100.00% | 35.48% |
Municipal | 0.00% | 0.00% | 0.04% | 30.27% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PVCMX % Rank | |
---|---|---|---|---|
US | 67.52% | 0.00% | 70.25% | 1.10% |
Non US | 0.00% | 0.00% | 2.93% | 34.43% |
PVCMX - Expenses
Operational Fees
PVCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.53% | 0.05% | 37.04% | 27.63% |
Management Fee | 0.90% | 0.00% | 1.50% | 79.78% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.18% |
Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
PVCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PVCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.50% | 2.00% | 56.41% |
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.
PVCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 82.00% | 7.00% | 252.00% | 84.42% |
PVCMX - Distributions
Dividend Yield Analysis
PVCMX | Category Low | Category High | PVCMX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.83% | 0.00% | 14.50% | 27.41% |
Dividend Distribution Analysis
PVCMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
PVCMX | Category Low | Category High | PVCMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.89% | -1.43% | 4.13% | 97.98% |
Capital Gain Distribution Analysis
PVCMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.605 | OrdinaryDividend |
Dec 29, 2022 | $0.275 | OrdinaryDividend |
Dec 30, 2021 | $0.235 | OrdinaryDividend |
PVCMX - Fund Manager Analysis
Managers
Eric Cinnamond
Start Date
Tenure
Tenure Rank
Apr 30, 2019
3.09
3.1%
Mr. Cinnamond, CFA, has managed the Fund since its inception in 2019. Mr. Cinnamond is co-CEO of the Palm Valley Capital Management LLC and co-portfolio manager. Prior to joining the Palm Valley, Mr. Cinnamond served as the portfolio manager of the Aston/River Road Independent Value Fund from 2010 to 2016. From 1998 to 2010, he managed the Intrepid Small Cap Equity Composite and the Intrepid Small Cap Fund at Intrepid Capital Management, Inc. He was also an analyst and co-portfolio manager of the Evergreen Small Cap Equity Income Fund at Evergreen Asset Management from 1996 to 1998. Mr. Cinnamond began his career at First Union National Bank as an assistant portfolio manager in 1993. Mr. Cinnamond received an MBA from the University of Florida and a BBA in Finance from Stetson University. He earned the Chartered Financial Analyst designation in 1996. Mr. Cinnamond has been the author of an investment blog since 2016, where he writes about his absolute return investment process.
Jayme Wiggins
Start Date
Tenure
Tenure Rank
Apr 30, 2019
3.09
3.1%
Mr. Wiggins, CFA, has managed the Fund since its inception in 2019. Mr. Wiggins is co-CEO of the Palm Valley Capital Management LLC and co-portfolio manager of the Fund. Prior to joining the Palm Valley Capital Management LLC, Mr. Wiggins was the Chief Investment Officer for Intrepid Capital Management, Inc., where he began his career in 2002 as an analyst. Mr. Wiggins managed the Intrepid Endurance Fund (formerly known as the Intrepid Small Cap Fund) from 2010 to 2018 and the Intrepid Select Fund from 2015 to 2018. He also managed the Intrepid High Yield Composite from 2005 to 2008 and the Intrepid Income Fund from 2007 to 2008. Mr. Wiggins received an MBA from Columbia Business School and a BBA in Finance from Stetson University. He earned the Chartered Financial Analyst designation in 2005.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.16 | 3.58 |