Private Capital Management Value Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-7.7%
1 yr return
-7.8%
3 Yr Avg Return
4.5%
5 Yr Avg Return
8.3%
Net Assets
$56.7 M
Holdings in Top 10
52.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$5,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VFPIX - Profile
Distributions
- YTD Total Return -7.7%
- 3 Yr Annualized Total Return 4.5%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.38%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePrivate Capital Management Value Fund
-
Fund Family NamePrivate Capital Management
-
Inception DateJan 01, 1987
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregg Powers
Fund Description
The Fund, under normal circumstances, primarily invests in common stocks of companies listed on stock exchanges in North America. While the Fund focuses its investments in smaller capitalization companies, there are no set limits on the market capitalizations of the companies in which the Fund may invest.
The Adviser applies a fundamental value, research driven investment approach. The Adviser seeks to identify businesses that it believes are significantly mispriced by the public market. The Adviser values companies using a variety of measures, including an estimate of a company’s capacity to generate discretionary cash flow (cash flow from operations after required capital expenditures) over time and the long-term value of its assets. The Adviser seeks to identify companies that are out of favor, underappreciated or misunderstood, and thereby trade at a significant discount to the Adviser’s estimation of long-term intrinsic value.
The Adviser looks for companies that it believes have entrenched market positions or sustainable competitive advantages; competent management whose interests are aligned with creating long-term shareholder value; corporate cultures that are consistent with good governance and appropriately responsive to shareholders — the company’s ultimate owners; and the ability to compete effectively and succeed under various industry and broader economic scenarios. Consistent with its primary objective of achieving long-term capital appreciation, the Adviser generally expects to hold its investment in a company for a period of 3 to 5 years.
The Adviser continually re-evaluates companies in which it has invested and will scale back or exit a position as a company’s market price approaches the Adviser’s price target or when a change in a fundamental aspect of the company or its operating environment materially affects the Adviser’s investment view. The Adviser will often continue to hold, or add to, positions with declining share prices so long as the factors driving the price decline do not result in a negative revision to the Adviser’s overall investment assessment of the company.
The Fund is a diversified fund, but nevertheless has invested a significant portion of its assets in the securities of a small number of issuers, which may cause the Fund’s value to fluctuate more widely than some other diversified funds. As a result of the Fund’s investment approach and the relative price movements of certain Fund holdings, at times the Fund’s holdings profile may approximate a portfolio of securities with percentage weightings typically associated with a non-diversified fund.
VFPIX - Performance
Return Ranking - Trailing
Period | VFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.7% | -12.8% | 14.4% | 99.64% |
1 Yr | -7.8% | -14.2% | 44.2% | 98.74% |
3 Yr | 4.5%* | -10.1% | 37.9% | 13.08% |
5 Yr | 8.3%* | -14.2% | 30.0% | 27.36% |
10 Yr | 7.9%* | -2.9% | 16.4% | 23.10% |
* Annualized
Return Ranking - Calendar
Period | VFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.4% | -49.6% | 29.0% | 85.43% |
2022 | -4.4% | -59.3% | 118.2% | 1.44% |
2021 | 20.3% | -31.6% | 39.3% | 13.94% |
2020 | 0.3% | -51.0% | 39.5% | 89.83% |
2019 | -3.5% | -16.9% | 37.8% | 97.84% |
Total Return Ranking - Trailing
Period | VFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.7% | -12.8% | 14.4% | 99.64% |
1 Yr | -7.8% | -14.2% | 44.2% | 98.74% |
3 Yr | 4.5%* | -10.1% | 37.9% | 13.08% |
5 Yr | 8.3%* | -14.2% | 30.0% | 27.36% |
10 Yr | 7.9%* | -2.9% | 16.4% | 23.10% |
* Annualized
Total Return Ranking - Calendar
Period | VFPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.4% | -21.7% | 31.8% | 96.04% |
2022 | 3.5% | -45.2% | 123.7% | 1.26% |
2021 | 36.3% | 0.0% | 47.7% | 3.12% |
2020 | 13.8% | -50.5% | 46.9% | 46.33% |
2019 | 17.1% | -12.6% | 43.7% | 95.28% |
NAV & Total Return History
VFPIX - Holdings
Concentration Analysis
VFPIX | Category Low | Category High | VFPIX % Rank | |
---|---|---|---|---|
Net Assets | 56.7 M | 529 K | 145 B | 87.70% |
Number of Holdings | 29 | 2 | 2519 | 98.24% |
Net Assets in Top 10 | 28.8 M | 104 K | 9.83 B | 69.95% |
Weighting of Top 10 | 52.48% | -2849.0% | 100.5% | 2.29% |
Top 10 Holdings
- QuinStreet Inc 7.60%
- Target Hospitality Corp 6.47%
- KKR Co Inc 6.14%
- ECN Capital Corp 5.46%
- Asure Software Inc 5.20%
- Jefferies Financial Group Inc 4.51%
- Barrett Business Services Inc 4.37%
- Perion Network Ltd 4.34%
- Everi Holdings Inc 4.22%
- StoneX Group Inc 4.16%
Asset Allocation
Weighting | Return Low | Return High | VFPIX % Rank | |
---|---|---|---|---|
Stocks | 99.52% | -565235.00% | 108.16% | 20.56% |
Cash | 0.55% | 0.00% | 565934.00% | 82.95% |
Preferred Stocks | 0.00% | 0.00% | 7.53% | 48.51% |
Other | 0.00% | -598.74% | 39.24% | 65.73% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 47.89% |
Bonds | 0.00% | -2.00% | 74.53% | 50.26% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VFPIX % Rank | |
---|---|---|---|---|
Financial Services | 34.45% | 0.00% | 35.52% | 0.71% |
Consumer Cyclical | 16.40% | 0.99% | 47.79% | 6.39% |
Communication Services | 14.85% | 0.00% | 14.85% | 0.18% |
Industrials | 13.85% | 2.46% | 37.42% | 92.36% |
Technology | 11.97% | 0.00% | 54.70% | 79.04% |
Healthcare | 5.15% | 0.00% | 26.53% | 94.14% |
Basic Materials | 3.33% | 0.00% | 18.66% | 83.30% |
Utilities | 0.00% | 0.00% | 18.58% | 94.67% |
Real Estate | 0.00% | 0.00% | 29.43% | 98.22% |
Energy | 0.00% | 0.00% | 37.72% | 97.16% |
Consumer Defense | 0.00% | 0.00% | 18.87% | 99.47% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VFPIX % Rank | |
---|---|---|---|---|
US | 99.52% | -565235.00% | 108.16% | 15.64% |
Non US | 0.00% | 0.00% | 94.14% | 56.59% |
VFPIX - Expenses
Operational Fees
VFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.67% | 0.01% | 38.45% | 16.08% |
Management Fee | 0.90% | 0.00% | 1.50% | 85.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
VFPIX 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
VFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 25.00% |
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.
VFPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 1.00% | 314.00% | 13.99% |
VFPIX - Distributions
Dividend Yield Analysis
VFPIX | Category Low | Category High | VFPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 44.20% | 89.63% |
Dividend Distribution Analysis
VFPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
VFPIX | Category Low | Category High | VFPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.38% | -2.40% | 2.49% | 82.77% |
Capital Gain Distribution Analysis
VFPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 07, 2022 | $0.500 | OrdinaryDividend |
Jan 03, 2022 | $0.722 | OrdinaryDividend |
Dec 06, 2019 | $2.651 | OrdinaryDividend |
Dec 09, 2016 | $0.217 | OrdinaryDividend |
Dec 14, 2012 | $0.099 | OrdinaryDividend |
Dec 16, 2010 | $0.026 | OrdinaryDividend |
VFPIX - Fund Manager Analysis
Managers
Gregg Powers
Start Date
Tenure
Tenure Rank
May 28, 2010
12.02
12.0%
Gregg J. Powers is Lead Portfolio Manager and Chief Executive Officer of Private Capital Management (PCM) Inc. Mr. Powers began his investment career as a healthcare analyst at Raymond James Financial. Mr. Powers joined PCM’s investment research team in 1988. During the early 1990s, Mr. Powers became co-portfolio manager, credited with the primary underwriting of PCM’s investments in technology, healthcare, and telecommunications. Mr. Powers became President of PCM in 1999, CEO in 2008, and assumed the role of Chairman in 2009. As portfolio manager, Mr. Powers oversees all aspects of the investment of client portfolios. Mr. Powers has a Bachelor of Science degree in Finance from the University of Florida.
Erick Sonne
Start Date
Tenure
Tenure Rank
Sep 01, 2021
0.75
0.8%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.05 | 2.58 |