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Trending ETFs

Name

As of 03/26/2024

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

$34.35

$33.3 M

0.43%

$0.15

1.68%

Vitals

YTD Return

1.2%

1 yr return

17.1%

3 Yr Avg Return

5.8%

5 Yr Avg Return

8.5%

Net Assets

$33.3 M

Holdings in Top 10

18.5%

52 WEEK LOW AND HIGH

$34.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 116.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$34.35

$33.3 M

0.43%

$0.15

1.68%

ZSCCX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Zacks Small-Cap Core Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST
  • Inception Date
    Jun 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mitch Zacks

Fund Description

The Fund pursues its investment objective by applying a hybrid research process which uses both quantitative and qualitative criteria. The Advisor uses a proprietary model to quantitatively assess the attractiveness of a large universe of stocks based on potential capital appreciation. The primary aim of the quantitative model is to identify those companies most likely to generate positive alpha, or excess return over the market, when adjusted for stock beta, or movement with the market. From a smaller universe of stocks that are highly ranked by the quantitative model, the portfolio manager selects small-cap stocks with attractive risk/return characteristics based on qualitative criteria. Portfolio construction incorporates risk controls.

Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in a diversified portfolio of equity securities of small capitalization companies, with an emphasis on equity securities of U.S. issuers. The Fund’s investments in equity securities may include common stock, preferred stock and convertible securities. The Fund considers small capitalization companies to be companies within the range of those companies included in the Russell 2000® Index at the time of purchase. Because small capitalization companies are defined by reference to an index, the range of market capitalization companies in which the Fund invests may vary with market conditions. As of April 28, 2023, the market capitalizations of companies included in the Russell 2000® Index were between $159.5 million and $6.0 billion. The Russell 2000® Index is reconstituted annually, to seek to ensure that larger stocks do not

distort the performance and characteristics of the Index and that the represented companies continue to reflect small capitalization characteristics.

The Fund is designed to be a “core” fund that seeks to combine both value and growth characteristics within the small-cap universe. The Fund seeks to diversify its assets by investing in securities from a pool of more than one dozen industry sectors. The Advisor allocates assets opportunistically based on market information and is not constrained by investment style parameters. Sector and style allocations generally result from a hybrid research process using quantitative and qualitative criteria. The Fund may engage in short-sale transactions up to 25% of its net assets. The Fund’s investment strategy involves active and frequent trading. In addition, the Fund may lend its portfolio securities to broker-dealers and other institutions as a means of earning additional income. The Fund may invest a significant amount of its assets in one or more sectors from time to time. As of November 30, 2023, 32.3% of the Fund’s assets were invested in the industrial sector. The sectors in which the Fund is more heavily invested will vary.

Under normal circumstances, the Fund invests primarily in equity securities of U.S. issuers. The Fund also may invest in equity securities of Canadian issuers and American Depository Receipts (“ADRs”). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks.

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ZSCCX - Performance

Return Ranking - Trailing

Period ZSCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -5.1% 23.8% 74.77%
1 Yr 17.1% -12.5% 56.1% 67.57%
3 Yr 5.8%* -8.5% 41.4% 9.93%
5 Yr 8.5%* -13.7% 32.2% 57.17%
10 Yr 7.9%* -3.0% 17.2% 37.18%

* Annualized

Return Ranking - Calendar

Period ZSCCX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -49.6% 29.0% 55.30%
2022 -12.3% -59.3% 118.2% 6.85%
2021 29.5% -31.6% 39.3% 3.11%
2020 -1.5% -51.0% 39.5% 92.86%
2019 21.1% -16.9% 37.8% 47.84%

Total Return Ranking - Trailing

Period ZSCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -5.1% 23.8% 74.77%
1 Yr 17.1% -12.5% 56.1% 67.57%
3 Yr 5.8%* -8.5% 41.4% 9.93%
5 Yr 8.5%* -13.7% 32.2% 57.17%
10 Yr 7.9%* -3.0% 17.2% 37.18%

* Annualized

Total Return Ranking - Calendar

Period ZSCCX Return Category Return Low Category Return High Rank in Category (%)
2023 17.9% -21.7% 31.8% 28.73%
2022 -11.8% -45.2% 123.7% 14.41%
2021 32.6% 0.0% 47.7% 5.68%
2020 -1.4% -50.5% 46.9% 96.99%
2019 21.2% -12.6% 43.7% 84.71%

NAV & Total Return History


ZSCCX - Holdings

Concentration Analysis

ZSCCX Category Low Category High ZSCCX % Rank
Net Assets 33.3 M 480 K 118 B 93.16%
Number of Holdings 99 2 2519 65.79%
Net Assets in Top 10 5.86 M 104 K 9.83 B 94.04%
Weighting of Top 10 18.47% -2849.0% 100.5% 43.13%

Top 10 Holdings

  1. Stryker Corp 4.68%
  2. PennyMac Financial Services Inc Class A 2.28%
  3. Organogenesis Holdings Inc A 2.08%
  4. Tenable Holdings Inc 2.08%
  5. Cactus Inc Class A 2.05%
  6. Surgery Partners Inc 2.03%
  7. Atkore International Group Inc 2.03%
  8. CBIZ Inc 2.01%
  9. Apollo Medical Holdings Inc 1.95%
  10. Option Care Health Inc 1.95%

Asset Allocation

Weighting Return Low Return High ZSCCX % Rank
Stocks
95.89% -565235.00% 107.11% 83.68%
Cash
0.07% 0.00% 565934.00% 92.46%
Preferred Stocks
0.00% 0.00% 7.53% 85.96%
Other
0.00% -598.74% 82.28% 83.86%
Convertible Bonds
0.00% 0.00% 3.17% 85.94%
Bonds
0.00% -2.00% 74.53% 86.14%

Stock Sector Breakdown

Weighting Return Low Return High ZSCCX % Rank
Financial Services
25.24% 0.00% 35.52% 3.19%
Industrials
22.31% 2.46% 37.42% 16.13%
Technology
10.91% 0.00% 54.70% 86.35%
Healthcare
10.13% 0.00% 26.53% 74.82%
Consumer Cyclical
9.28% 0.99% 47.79% 76.77%
Energy
7.49% 0.00% 37.72% 22.16%
Basic Materials
4.95% 0.00% 18.66% 46.28%
Utilities
4.04% 0.00% 18.58% 14.72%
Real Estate
3.09% 0.00% 29.43% 89.36%
Communication Services
1.59% 0.00% 14.85% 76.77%
Consumer Defense
0.96% 0.00% 18.87% 97.16%

Stock Geographic Breakdown

Weighting Return Low Return High ZSCCX % Rank
US
95.89% -565235.00% 107.11% 79.12%
Non US
0.00% 0.00% 94.14% 87.72%

ZSCCX - Expenses

Operational Fees

ZSCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.01% 38.45% 15.70%
Management Fee 0.90% 0.00% 1.50% 86.80%
12b-1 Fee 0.25% 0.00% 1.00% 63.12%
Administrative Fee N/A 0.01% 0.45% 55.99%

Sales Fees

ZSCCX 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

ZSCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 54.72%

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.

ZSCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.00% 1.00% 314.00% 90.35%

ZSCCX - Distributions

Dividend Yield Analysis

ZSCCX Category Low Category High ZSCCX % Rank
Dividend Yield 0.43% 0.00% 42.10% 9.12%

Dividend Distribution Analysis

ZSCCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

ZSCCX Category Low Category High ZSCCX % Rank
Net Income Ratio 0.05% -2.40% 2.49% 57.98%

Capital Gain Distribution Analysis

ZSCCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

ZSCCX - Fund Manager Analysis

Managers

Mitch Zacks


Start Date

Tenure

Tenure Rank

Jun 30, 2011

10.93

10.9%

Mitch is the senior portfolio manager at Zacks Investment Management and oversees all investment research activities at the firm. Mitch is an expert on quantitative investment strategies and developed many of the proprietary models used by the firm. Mitch wrote a weekly finance column for the Chicago Sun- Times and has written two books on quantitative investment strategies: Ahead of the Market, Harper Collins 2003, which focuses on the earnings estimate revision investment anomaly and The Little Book of Stock Market Profits, which was published in 2011 and provides an overview of several other significant equity investment anomalies. Prior to joining Zacks Investment Management in 1997, Mitch was an investment banking analyst at Lazard Freres in New York. Mitch graduated cum laude from Yale University with distinction in his major of Economics. He received his M.B.A with high honors in his concentration of Analytic Finance and Statistics from the University of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.05 2.58