QRSVX: Queens Road Small Cap Value

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QRSVX Queens Road Small Cap Value


Profile

QRSVX - Profile

Vitals

  • YTD Return -13.7%
  • 3 Yr Annualized Return -4.3%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $132 M
  • Holdings in Top 10 37.7%

52 WEEK LOW AND HIGH

$23.12
$18.16
$27.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.18%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -13.7%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Queens Road Small Cap Value Fund
  • Fund Family Name
    Queens Road Funds
  • Inception Date
    Jun 13, 2002
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steve Scruggs

Fund Description

The fund seeks to achieve its investment objective by investing primarily in the equity securities (common stocks, preferred stocks and convertible securities) of small capitalization U.S. companies. Under normal circumstances, it will invest at least 80% of its assets (for the purpose of this requirement, net assets includes net assets plus any borrowings for investment purposes) in equity securities of companies with small market capitalization.


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Categories

Performance

QRSVX - Performance

Return Ranking - Trailing

Period QRSVX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.7% -43.5% 0.0% 4.91%
1 Yr -8.0% -48.3% 8.4% 4.15%
3 Yr -4.3%* -33.1% 1.1% 3.39%
5 Yr -1.0%* -27.3% 1.3% 7.65%
10 Yr 3.1%* -15.4% 8.9% 21.84%

* Annualized

Return Ranking - Calendar

Period QRSVX Return Category Return Low Category Return High Rank in Category (%)
2019 15.8% -21.7% 34.0% 68.70%
2018 -14.8% -48.1% 5.1% 4.59%
2017 3.7% -28.5% 26.3% 37.13%
2016 10.0% -2.4% 58.5% 96.57%
2015 -0.5% -36.0% 1.1% 2.76%

Total Return Ranking - Trailing

Period QRSVX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.7% -43.5% 0.0% 4.91%
1 Yr -8.0% -48.3% 8.4% 4.15%
3 Yr -4.3%* -29.7% 1.7% 9.90%
5 Yr -1.0%* -16.9% 3.6% 24.41%
10 Yr 3.1%* -7.9% 10.2% 66.02%

* Annualized

Total Return Ranking - Calendar

Period QRSVX Return Category Return Low Category Return High Rank in Category (%)
2019 15.8% -21.7% 34.0% 68.70%
2018 -14.8% -48.1% 5.1% 23.98%
2017 3.7% -28.5% 26.3% 72.90%
2016 10.0% -0.8% 58.5% 99.43%
2015 -0.5% -36.0% 3.0% 2.76%

NAV & Total Return History


Holdings

QRSVX - Holdings

Concentration Analysis

QRSVX Category Low Category High QRSVX % Rank
Net Assets 132 M 6.28 K 26.6 B 60.42%
Number of Holdings 51 1 1452 89.58%
Net Assets in Top 10 47.9 M 159 K 1.8 B 46.99%
Weighting of Top 10 37.72% 4.2% 100.0% 7.24%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High QRSVX % Rank
Stocks
88.02% 80.59% 104.79% 99.54%
Cash
15.41% -109.42% 19.38% 0.46%
Preferred Stocks
0.00% 0.00% 0.94% 37.04%
Convertible Bonds
0.00% 0.00% 5.45% 35.88%
Bonds
0.00% -0.07% 58.87% 40.51%
Other
-3.43% -5.26% 40.31% 99.07%

Stock Sector Breakdown

Weighting Return Low Return High QRSVX % Rank
Industrials
26.39% 0.00% 43.19% 7.18%
Technology
25.17% 0.00% 35.54% 0.69%
Financial Services
17.30% 0.00% 36.63% 88.89%
Consumer Cyclical
10.82% 0.00% 51.34% 51.39%
Communication Services
6.31% 0.00% 11.68% 3.24%
Basic Materials
6.10% 0.00% 17.37% 26.16%
Utilities
6.09% 0.00% 14.21% 24.07%
Consumer Defense
1.21% 0.00% 14.68% 92.59%
Healthcare
0.62% 0.00% 25.30% 95.14%
Real Estate
0.00% 0.00% 17.84% 95.14%
Energy
0.00% 0.00% 93.48% 99.31%

Stock Geographic Breakdown

Weighting Return Low Return High QRSVX % Rank
US
88.02% 80.59% 104.77% 92.59%
Non US
0.00% 0.00% 17.84% 95.60%

Expenses

QRSVX - Expenses

Operational Fees

QRSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.06% 14.59% 57.38%
Management Fee 1.18% 0.05% 1.39% 98.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

QRSVX 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

QRSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

QRSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 7.04% 534.00% 10.53%

Distributions

QRSVX - Distributions

Dividend Yield Analysis

QRSVX Category Low Category High QRSVX % Rank
Dividend Yield 0.00% 0.00% 27.90% 37.73%

Dividend Distribution Analysis

QRSVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

QRSVX Category Low Category High QRSVX % Rank
Net Income Ratio 0.20% -1.67% 2.73% 77.43%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

QRSVX - Fund Manager Analysis

Managers

Steve Scruggs


Start Date

Tenure

Tenure Rank

Jun 13, 2002

18.06

18.1%

Steve Scruggs, CFA has been employed by BFA since January 2000. Mr. Scruggs is Director of Research and Senior Portfolio Manager of BFA and a Trustee of the Funds. Mr. Scruggs holds a Bachelor’s Degree from North Carolina State University and an MBA from Wake Forest University. He is a CFA charter holder and member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.53 7.03 1.74