PZMIX: PPM Mid Cap Value Institutional

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PZMIX PPM Mid Cap Value Institutional


Profile

PZMIX - Profile

Vitals

  • YTD Return -36.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.7 M
  • Holdings in Top 10 25.9%

52 WEEK LOW AND HIGH

$6.01
$5.01
$9.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.08%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -36.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    PPM Mid Cap Value Fund
  • Fund Family Name
    Ppm America
  • Inception Date
    May 01, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Naveen Bobba

Fund Description

The fund seeks to achieve its objective by investing under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in a diversified portfolio of equity securities of U.S. companies with market capitalizations within the range of securities constituting the Russell MidCap Index ("index") at the time of initial purchase.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

PZMIX - Performance

Return Ranking - Trailing

Period PZMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -36.7% -44.8% 0.2% 85.60%
1 Yr -35.9% -92.8% 27.9% 85.49%
3 Yr N/A* -57.9% 7.0% N/A
5 Yr N/A* -39.4% 5.8% N/A
10 Yr N/A* -18.6% 9.5% N/A

* Annualized

Return Ranking - Calendar

Period PZMIX Return Category Return Low Category Return High Rank in Category (%)
2019 18.3% -92.4% 35.0% 69.11%
2018 N/A -36.8% -7.3% N/A
2017 N/A -16.5% 19.3% N/A
2016 N/A -14.6% 28.1% N/A
2015 N/A -36.5% 0.2% N/A

Total Return Ranking - Trailing

Period PZMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -36.7% -44.8% 0.2% 85.60%
1 Yr -35.9% -92.8% 20.9% 85.49%
3 Yr N/A* -57.7% 7.0% N/A
5 Yr N/A* -39.0% 6.4% N/A
10 Yr N/A* -18.4% 9.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PZMIX Return Category Return Low Category Return High Rank in Category (%)
2019 18.3% -92.4% 35.0% 69.11%
2018 N/A -32.7% -4.1% N/A
2017 N/A -3.5% 26.9% N/A
2016 N/A -2.5% 29.0% N/A
2015 N/A -29.2% 5.0% N/A

NAV & Total Return History


Holdings

PZMIX - Holdings

Concentration Analysis

PZMIX Category Low Category High PZMIX % Rank
Net Assets 3.7 M 708 K 17 B 98.98%
Number of Holdings 57 3 2510 70.08%
Net Assets in Top 10 1.52 M 157 K 3.02 B 98.98%
Weighting of Top 10 25.85% 6.7% 99.9% 38.62%

Top 10 Holdings

  1. Royal Caribbean Cruises Ltd 2.84%
  2. Ingredion Inc 2.69%
  3. The AES Corp 2.61%
  4. Synovus Financial Corp 2.60%
  5. ViacomCBS Inc Class B 2.56%
  6. TCF Financial Corp 2.55%
  7. Kennametal Inc 2.51%
  8. Reinsurance Group of America Inc 2.50%
  9. Janus Henderson Group PLC 2.50%
  10. The Hartford Financial Services Group Inc 2.48%

Asset Allocation

Weighting Return Low Return High PZMIX % Rank
Stocks
99.53% 89.25% 100.67% 14.58%
Cash
0.47% -0.09% 10.75% 85.68%
Preferred Stocks
0.00% 0.00% 0.26% 77.24%
Other
0.00% -0.58% 3.69% 75.45%
Convertible Bonds
0.00% 0.00% 0.00% 76.73%
Bonds
0.00% 0.00% 1.82% 77.49%

Stock Sector Breakdown

Weighting Return Low Return High PZMIX % Rank
Financial Services
22.44% 1.68% 30.11% 32.74%
Industrials
15.95% 1.93% 27.16% 33.76%
Technology
10.33% 0.00% 20.84% 36.83%
Consumer Defense
10.24% 0.00% 23.89% 7.42%
Consumer Cyclical
8.62% 2.75% 27.77% 83.38%
Healthcare
7.48% 0.00% 40.84% 52.17%
Utilities
6.92% 0.00% 14.73% 41.69%
Basic Materials
6.16% 0.00% 17.04% 28.13%
Energy
4.45% 0.00% 24.42% 61.64%
Real Estate
3.97% 0.00% 19.27% 81.84%
Communication Services
3.46% 0.00% 19.19% 39.13%

Stock Geographic Breakdown

Weighting Return Low Return High PZMIX % Rank
US
99.53% 81.41% 99.87% 0.77%
Non US
0.00% 0.00% 16.30% 96.16%

Expenses

PZMIX - Expenses

Operational Fees

PZMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.07% 27.75% 57.41%
Management Fee 0.70% 0.00% 1.25% 45.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.47% 37.72%

Sales Fees

PZMIX 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

PZMIX 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.

PZMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 6.00% 204.00% 35.51%

Distributions

PZMIX - Distributions

Dividend Yield Analysis

PZMIX Category Low Category High PZMIX % Rank
Dividend Yield 1.93% 0.00% 14.96% 2.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PZMIX Category Low Category High PZMIX % Rank
Net Income Ratio 1.41% -0.89% 4.05% 23.77%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PZMIX - Fund Manager Analysis

Managers

Naveen Bobba


Start Date

Tenure

Tenure Rank

May 01, 2018

1.92

1.9%

Naveen Bobba is a senior managing director and portfolio manager on the public equity team at PPM America, Inc. (PPM). He is responsible for investment and allocation decisions for several of the firm’s public equity strategies, including large cap value, mid cap value, and small cap value which are managed on behalf of institutional and retail investors globally. Naveen is responsible for covering the information technology and consumer staples sectors. Prior to joining PPM in 2014, Naveen was a vice president and senior equity analyst for ING Investment Management. Previously, he was a sell-side analyst at Bear Stearns after beginning his career as a chartered accountant at Sagar & Associates in Hyderabad, India. Naveen earned an MBA in finance from the University of Rochester and an undergraduate degree with concentrations in mathematics, physics and chemistry from Nagarjuna University in Guntur, India.

Michael Mackinnon


Start Date

Tenure

Tenure Rank

May 01, 2018

1.92

1.9%

Michael MacKinnon is a managing director and portfolio manager on the public equity team at PPM America, Inc. (PPM). He is responsible for investment and allocation decisions for several of the firm’s public equity strategies, including large cap value, mid cap value, and small cap value which are managed on behalf of institutional and retail investors globally. Michael is responsible for covering the apparel, diversified financials, housing, metals, retail, transportation and telecommunication sectors. Prior to joining PPM in 1999, Michael was a senior accountant for Arthur Andersen LLP. Michael earned an MBA in analytical finance and statistics from the University of Chicago and a BBA in accounting from the University of Notre Dame. He is also a CFA® charterholder and a Certified Public Accountant (CPA).

Jeffrey Moran


Start Date

Tenure

Tenure Rank

May 01, 2018

1.92

1.9%

Jeff Moran is a senior managing director and portfolio manager on the public equity team at PPM America, Inc. (PPM). He is responsible for investment and allocation decisions for several of the firm’s public equity strategies, including large cap value, mid cap value, and small cap value which are managed on behalf of institutional and retail investors globally. Jeff is responsible for covering the aerospace/defense, autos, capital goods, insurance, leisure/entertainment and hospitality sectors. Prior to joining PPM in 2004, Jeff was a senior research officer for Hancock Funds. Previously, he was a tax associate at Price Waterhouse and an airborne ranger in the United States Army. Jeff earned an MBA in finance from Cornell University, a MAC from the University of North Carolina at Chapel Hill and a BS in accounting from the University of North Carolina at Charlotte. He is also a CFA® charterholder and a Certified Public Accountant (CPA).

Kevin McCloskey


Start Date

Tenure

Tenure Rank

May 01, 2018

1.92

1.9%

Kevin McCloskey is a senior managing director and head of the public equity team at PPM America, Inc. (PPM). Prior to joining PPM in 2008, Kevin worked at Federated Investors. He was also a portfolio manager at Killian Asset Management. Kevin was also a captain in the US Air Force. Kevin earned a master’s degree in business administration from the University of Dayton and a bachelor’s degree in aerospace engineering from the University of Notre Dame. He is a CFA® charterholder.

Greg Anderson


Start Date

Tenure

Tenure Rank

May 01, 2018

1.92

1.9%

Greg Anderson is a senior managing director and portfolio manager on the public equity team at PPM America, Inc. (PPM). He is responsible for investment and allocation decisions for several of the firm’s public equity strategies, including large cap value, mid cap value, and small cap value which are managed on behalf of institutional and retail investors globally. Greg is responsible for covering the banks, utilities, chemicals, paper, consulting services and REITS sectors. Prior to joining PPM in 2016, Greg was a managing director and sector head of financial services for UBS Global Asset Management. Previously, he was a director of equity research at Segall, Bryant & Hamill and a principal at CMJ Partners. Greg earned an MBA in finance and statistics from the University of Chicago and a BS in business administration from Moorhead State University. He is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.42 7.42 8.76