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CornerCap Small-Cap Value Fund
mutual fund
CSCVX
Payout Change
Pending
Price as of:
$15.34
+0.1
+0.66%
primary theme
U.S. Small-Cap Value Equity
share class
CSCVX (Mutual Fund)
CornerCap Small-Cap Value Fund
Payout Change
Pending
Price as of:
$15.34
+0.1
+0.66%
primary theme
U.S. Small-Cap Value Equity
share class
CSCVX (Mutual Fund)
CornerCap Small-Cap Value Fund
Payout Change
Pending
Price as of:
$15.34
+0.1
+0.66%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
9.1%
1 yr return
8.8%
3 Yr Avg Return
4.6%
5 Yr Avg Return
9.3%
Net Assets
$133 M
Holdings in Top 10
20.3%
52 WEEK LOW AND HIGH
$15.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 116.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,000
IRA
$2,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
CSCVX - Profile
Distributions
- YTD Total Return 9.1%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 9.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.66%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCornerCap Small-Cap Value Fund
-
Fund Family NameCornerCap
-
Inception DateNov 18, 2022
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Quinn
Fund Description
The Fund normally invests more than 80% of its net assets (including borrowings for investment, if any) in equity securities of small-cap U.S. companies. The Adviser defines small-cap companies as those companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase. The market capitalization range of the Russell 2000® Index is expected to change frequently. As of June 30, 2024, the market capitalization range of the Russell 2000® Index was between approximately $8.0 million and $48.0 billion. The Fund may also invest in real estate investment trusts (“REITs”) that are a part of the Fund’s investable universe.
The Adviser uses Fundametrics® to select stocks for the Fund. Fundametrics® is the Adviser’s proprietary, quantitative research system. Fundametrics® first evaluates all stocks in the Fund’s investable universe (U.S. domestic small-cap stocks) and groups companies with similar business models and characteristics into custom peer groups. Each peer group is then evaluated with respect to over 200 fundamental factors across all major styles (value, growth, growth at a reasonable price, price momentum, quality and risk) to find the optimized risk adjusted mix (i.e., to determine unbiasedly which blends of factors are best for each peer group). Overall, valuation generally maintains the highest weight and greatest importance within a peer group, but otherwise each peer group can have fundamental factor and style representation that is unique from the other peer groups. For example, the Software peer group generally has a higher representation of growth factors versus other peer groups, while the Banks peer group generally has a higher representation of value factors versus other peer groups.
The Fundametrics® Alpha Composite (“Alpha Composite”) is designed to identify alpha stocks, which are stocks considered to have the potential for returns in excess of the Fund’s benchmark over time (i.e., excess returns). It is comprised of two parts, the universe composite and the peer group composite. The universe composite ranks a company against all stocks in the Fund’s investable universe and helps to determine sector allocations to over or underweight, while the peer group composite ranks each stock amongst its peers for stronger stock selection.
The Fundametrics® Financial Warnings Overlay (“Financial Warnings Overlay”) is then applied to the Fund’s investable universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to underperformance. The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise rank attractively in the Alpha Composite. The Fund typically buys stocks that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay and, as a final analysis, improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk. A stock is determined to carry unreasonable risk when it accumulates multiple exceptions or warnings within the Financial Warnings Overlay. Warnings are customized by peer group. For example, the Banks peer group will have different risk factors tied to loan quality and capital levels that would not be relevant to Software peer group.
Buy and sell decisions are determined by the rankings produced by the Alpha Composite and the Financial Warnings Overlay. All parameters set within Fundametrics®, including the Alpha Composite and Financial Warnings Overlay, to generate the Fund’s portfolio are set at the full discretion of the Adviser based upon the Adviser’s beliefs regarding the proper approach to constructing a portfolio to meet the Fund’s investment objective. In addition, the Adviser, in its sole discretion, will continue to test, evaluate and modify these parameters over time.
The Adviser selects securities from among approximately 1,950 issuers ranked according to fundamental factors using the Adviser’s Alpha Composite. Among other fundamental factors, the Alpha Composite model emphasizes the following three key fundamental factors when choosing equity securities with the potential for excess returns:
•relative valuation (i.e., a stock’s valuation relative to its history);
•earnings growth rates, including the evaluation of both historic and forecasted rates over multiple time periods; and
•cash flow, including the evaluation of cash flow over historic, current and forecasted time periods.
From time to time, the Fund may have an allocation of greater than 25% to companies in the same economic sector, including the financial sector.
The Fund may lend its portfolio securities to brokers, dealers, and other financial organizations. These loans, if and when made, may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). By lending its securities, the Fund may increase its income by receiving payments from the borrower.
The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund’s principal investment strategies in an attempt to respond to adverse market, economic, political or other conditions.
CSCVX - Performance
Return Ranking - Trailing
| Period | CSCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.1% | -13.9% | 26.2% | 46.17% |
| 1 Yr | 8.8% | -14.1% | 25.5% | 46.89% |
| 3 Yr | 4.6%* | -7.2% | 72.4% | 40.44% |
| 5 Yr | 9.3%* | -4.0% | 50.6% | 36.18% |
| 10 Yr | 4.3%* | -2.0% | 27.3% | 93.40% |
* Annualized
Return Ranking - Calendar
| Period | CSCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -6.0% | 33.6% | 46.28% |
| 2022 | -17.0% | -33.6% | 212.9% | 50.74% |
| 2021 | 1.3% | -62.0% | 147.6% | 92.91% |
| 2020 | 1.9% | -24.8% | 31.3% | 52.97% |
| 2019 | 25.6% | -21.7% | 34.0% | 11.92% |
Total Return Ranking - Trailing
| Period | CSCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.1% | -13.9% | 26.2% | 46.17% |
| 1 Yr | 8.8% | -14.1% | 25.5% | 46.89% |
| 3 Yr | 4.6%* | -7.2% | 72.4% | 40.44% |
| 5 Yr | 9.3%* | -4.0% | 50.6% | 36.18% |
| 10 Yr | 4.3%* | -2.0% | 27.3% | 93.40% |
* Annualized
Total Return Ranking - Calendar
| Period | CSCVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.6% | 1.8% | 35.4% | 67.63% |
| 2022 | -8.7% | -25.2% | 250.0% | 30.64% |
| 2021 | 34.5% | -3.0% | 157.9% | 28.61% |
| 2020 | 2.6% | -13.5% | 33.4% | 58.66% |
| 2019 | 26.3% | -1.5% | 34.3% | 19.24% |
NAV & Total Return History
CSCVX - Holdings
Concentration Analysis
| CSCVX | Category Low | Category High | CSCVX % Rank | |
|---|---|---|---|---|
| Net Assets | 133 M | 3.29 M | 63 B | 69.62% |
| Number of Holdings | 380 | 10 | 1568 | 18.90% |
| Net Assets in Top 10 | 28 M | 279 K | 3.62 B | 73.21% |
| Weighting of Top 10 | 20.26% | 5.2% | 92.1% | 51.32% |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC 14.41%
- First American Government Obligations Fund 1.23%
- Western Alliance Bancorp 0.66%
- PetIQ Inc 0.59%
- Chord Energy Corp 0.59%
- Cirrus Logic Inc 0.58%
- CrossFirst Bankshares Inc 0.57%
- Virtu Financial Inc 0.55%
- Smartsheet Inc 0.54%
- Gates Industrial Corp PLC 0.53%
Asset Allocation
| Weighting | Return Low | Return High | CSCVX % Rank | |
|---|---|---|---|---|
| Stocks | 98.83% | 6.25% | 105.02% | 39.00% |
| Cash | 15.65% | 0.00% | 37.64% | 3.35% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 50.72% |
| Other | 0.00% | -1.07% | 38.91% | 62.68% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 48.79% |
| Bonds | 0.00% | 0.00% | 90.12% | 50.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSCVX % Rank | |
|---|---|---|---|---|
| Financial Services | 21.21% | 0.00% | 35.71% | 68.63% |
| Industrials | 15.08% | 0.65% | 48.61% | 68.38% |
| Technology | 12.74% | 0.00% | 27.23% | 15.44% |
| Consumer Cyclical | 10.64% | 0.35% | 51.62% | 56.62% |
| Real Estate | 9.67% | 0.00% | 44.41% | 31.62% |
| Healthcare | 9.51% | 0.00% | 25.76% | 13.24% |
| Energy | 8.30% | 0.00% | 29.42% | 47.55% |
| Basic Materials | 3.83% | 0.00% | 67.30% | 77.70% |
| Utilities | 3.37% | 0.00% | 13.86% | 34.80% |
| Consumer Defense | 3.33% | 0.00% | 13.22% | 62.99% |
| Communication Services | 2.32% | 0.00% | 17.58% | 54.41% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSCVX % Rank | |
|---|---|---|---|---|
| US | 98.83% | 6.25% | 105.02% | 28.71% |
| Non US | 0.00% | 0.00% | 77.52% | 63.16% |
CSCVX - Expenses
Operational Fees
| CSCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.42% | 0.05% | 37.04% | 33.25% |
| Management Fee | 0.88% | 0.00% | 1.50% | 78.42% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.35% | 100.00% |
Sales Fees
| CSCVX 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% | 4.00% | N/A |
Trading Fees
| CSCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.50% | 2.00% | 70.37% |
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.
| CSCVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 116.00% | 7.00% | 252.00% | 94.25% |
CSCVX - Distributions
Dividend Yield Analysis
| CSCVX | Category Low | Category High | CSCVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.91% | 0.00% | 14.14% | 72.97% |
Dividend Distribution Analysis
| CSCVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| CSCVX | Category Low | Category High | CSCVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.66% | -1.43% | 4.13% | 32.60% |
Capital Gain Distribution Analysis
| CSCVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.139 | OrdinaryDividend |
| Dec 07, 2023 | $0.021 | CapitalGainLongTerm |
| Dec 28, 2022 | $0.074 | OrdinaryDividend |
| Dec 08, 2022 | $1.194 | OrdinaryDividend |
| Dec 29, 2021 | $4.960 | OrdinaryDividend |
| Dec 29, 2020 | $0.101 | OrdinaryDividend |
| Dec 27, 2019 | $0.076 | OrdinaryDividend |
CSCVX - Fund Manager Analysis
Managers
Thomas Quinn
Start Date
Tenure
Tenure Rank
Sep 30, 1992
29.68
29.7%
Tom is CEO of CornerCap Investment Counsel and is a member of the investment committee. He and Gene Hoots co-founded the firm, which was incorporated in 1989. Tom is also President and Treasurer of CornerCap Group of Funds. His previous positions included being Chief Investment Officer of RJR Investment Management, Inc., the investment advisory subsidiary of RJR Nabisco, and a consultant for Arthur Andersen & Co. He is a Chartered Financial Analyst (CFA) Charterholder and a member of the CFA Institute and the CFA Society of Atlanta. He is a certified public accountant and a member of the American Institute of Certified Public Accountants (AICPA). He has an MS in Industrial and Systems Engineering from Ohio University and a MBA from the University of North Carolina at Greensboro.
Jeffrey Moeller
Start Date
Tenure
Tenure Rank
Mar 31, 2005
17.18
17.2%
Jeff is CornerCap's Director of Research, overseeing the day-to-day execution of Fundametrics® and research of the firm's investment products. He is a member of the investment committee and Portfolio Manager. He comanages the three CornerCap mutual funds (Small Cap Value, Large/Mid Cap Value, and Balanced). Jeff joined CornerCap in 2000 and served as the firm’s trader for three years. He returned in 2004 as a research analyst. Jeff is a Chartered Financial Analyst (CFA) Charterholder and a member of the CFA Institute and the Atlanta Society of Finance and Investment Professionals. He has a BS in Finance from Oklahoma State University.
J. Cannon Carr
Start Date
Tenure
Tenure Rank
Jul 29, 2013
8.84
8.8%
Cannon became Chief Executive Officer in June 2020 after thirteen years as the firm’s Chief Investment Officer. Since joining the firm in 2007, he’s led the firm’s investment committee and oversaw the firm’s investment strategies and process, stock and asset class research, and portfolio management. He also co-manages the three CornerCap mutual funds (Small Cap Value, Large Cap Value, and Balanced). Prior to joining CornerCap, Cannon was a senior equity analyst at CIBC World Markets (formerly Oppenheimer), covering IT business services (2006-07), wireless services (2001-05), and emerging telecom (1998-05). Cannon has provided commentary on CNBC, CNN, Lou Dobbs MoneyLine, and Bloomberg News. He has also been quoted in the New York Times, Wall Street Journal, Financial Times, and Fortune, among other publications. He was rated a five-star analyst by Zachs Research in 2006. Cannon has an MBA from Columbia Business School and a BA from Princeton University in Political Economy. Public service is important to Cannon. He heads the investment committee for the Wesleyan College endowment, serves as Chair of the Advisory Board for the Center for Ethics at Emory University, and is President-Elect of the Atlanta Rotary Club. He is a past Board member of the Technical College System of Georgia Foundation and also currently serves as Chair of the Georgia Tennis Foundation, among other nonprofit endeavors.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.23 | 3.58 |
