Stratton Small Cap Value Fund Fact Sheet
| Lg. | |||
| Mid. | |||
| Sm. | |||
| Val. | Core | Gr. |
Morningstar Style Box
Inception: 11.16.2015
Inception: 11.16.2015
Inception: 04.12.1993
Inception: 02.03.2020
Philosophy and Process
The Fund uses a value investment approach to invest primarily in common stock of small capitalization companies (those with market capitalizations that are below the market capitalization of the largest company in the Russell 2000® Index). We believe that undervalued companies with good earnings prospects have superior appreciation potential with reasonable levels of risk. Quantitatively, we focus on a stock's fundamental valuation relative to its peers. Qualitatively, we seek to identify business catalysts which will serve to drive future earnings growth, increase investor interest and expand valuation.
In addition to outperforming the broad market over longer periods of time, we believe that the Small Cap segment of the US equity market, given its less efficient nature, offers significant opportunity to add value through active portfolio management. A combination of a larger investment universe, less research coverage, and strong growth potential creates a favorable backdrop for investment in select under-followed and/or under-appreciated small companies.
Investment Considerations
Small company stocks are generally riskier than large company stocks due to greater volatility and less liquidity. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.
Fund Facts
| Class A Shares | Class C Shares | Class Inst'l Shares | Class R6 Shares | |
|---|---|---|---|---|
| Ticker | STSNX | STSOX | STSCX | SCSIX |
| Inception Date | 11.16.2015 | 11.16.2015 | 04.12.1993 | 02.03.2020 |
| Investment Min. | $1,000.00 | $1,000.00 | $1,000,000.00 | $0.00 |
| Subsequent Investment Min.* | $0 | $0 | $0 | $0.00 |
| Max. Up Front Sales Charge | 5.75% | N/A | N/A | N/A |
| Max. Deferred Sales Charge | N/A | 1.00% | N/A | N/A |
Management
Gerald M. Van Horn, CFA®
Executive Director
Shawn M. Gallagher, CFA®
Executive Director
Andrew T. DiZio, CFA ®
Executive Director
Performance
Fund Performance as of 03.31.2021
| QTR | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|
|---|---|---|---|---|---|---|---|
| A Shares with 5.75% Sales Charge | 10.91% | 10.91% | 68.94% | 7.43% | 11.26% | 9.60% | 10.51% |
| A Shares without Sales Charge | 17.68% | 17.68% | 79.24% | 9.57% | 12.59% | 10.25% | 10.74% |
| Institutional Shares | 17.74% | 17.74% | 79.65% | 9.84% | 12.87% | 10.39% | 10.79% |
| Lipper Small-Cap Core Median | 28.39% | 9.32% | 9.32% | 5.63% | 9.75% | 9.40% | N/A |
The total expense ratios for Class A, C, and I Shares are 1.23%, 1.98% and 0.98%, respectively. The gross expense ratio for Class R6* Shares is 0.98%. The net expense ratio for Class R6* Shares is 0.88%.
The Fund Administrator, Sterling Capital Management LLC, has contractually agreed to waive its administrative fees, pay Fund operating expenses, and/or reimburse the Fund .10% of the Class R6 average daily net assets for the period February 1, 2021 through January 31, 2022. Performance would have been lower without limitations in effect.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit the performance summary.
The performance of the Stratton Small Cap Value Fund reflects the deduction of fees for value-added services associated with a mutual fund, such as investment management and fund accounting fees. The inception date for Class A Shares is 11/16/2015. The inception date for Class C Shares is 11/16/2015. The inception date for Class Inst'l Shares is 04/12/1993. The inception date for Class R6 Shares is 02/03/2020. The performance shown reflects the reinvestment of all dividend and capital gains distributions.
Characteristics
Top Ten Holdings as of 03.31.2021
| Name | Value |
|---|---|
| Mastec, Inc. | 3.90% |
| Oshkosh Corp. | 3.71% |
| On Semiconductor Corp. | 3.70% |
| Signature Bank (Ny) | 3.69% |
| Avient Corp. | 3.48% |
| United Rentals, Inc. | 3.39% |
| Crane Co. | 3.35% |
| Casey's General Stores, Inc. | 3.29% |
| Community Bank System, Inc. | 3.23% |
| Qorvo, Inc. | 3.23% |
Current and future portfolio holdings are subject to change and risk. Based on Market Value of securities.
Sector Allocation as of 03.31.2021
Allocations are based on the current weight to funds in the cited Sector. The composition of the fund's holdings is subject to change.
Growth of $10,000 as of 03.31.2021
The Growth of $10,000 chart is hypothetical based upon the performance of A Shares at NAV for the period ended 03/31/2021. It includes the reinvestment of dividends and capital gains.
Statistics
Risk/Return Statistics vs. Russell 2000® Value Index as of 03.31.2021 |
|
|---|---|
| Alpha | 1.29 |
| Beta | 0.89 |
| R-Squared | 93.75 |
| Standard Deviation | 17.67 |
| Sharpe Ratio | 0.56 |
Summary Statistics as of 03.31.2021 |
|
|---|---|
| Weighted Median P/E | 20.24 |
| Weighted Average P/B | 2.15 |
| Weighted Average Market Cap. | $7.49B |
| Annual Turnover | 5% |
*Annual Turnover Ratio is 12 month rolling calculation.
*Alpha, Beta, R-Squared, Standard Deviation, and Sharpe Ratio are based on a 10-year calculation.
*Click for a glossary of terms
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