Focused Small Cap Value Fund
Daily price w/o sales charge as of 12/05/2025
$28.50
$0.01
YTD Returns w/o sales charge as of 12/05/2025
0.40%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 10/31/2025
- Total Net Assets
- $86.14 M
- Inception Date
- 07/09/1999
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 1.10%
- Fund Net Expense Ratio
- 1.03%
- Number of Holdings
- 44
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/09/1999 |
|---|
| w/o sales charge | -1.45% | -8.25% | 5.66% | 7.75% | 8.05% | 11.41% |
| Lipper Category Avg. Small-Cap Core Funds | 6.90% | -1.02% | 9.09% | 9.17% | 8.61% | - |
| Russell 2000® Value Index | 12.39% | 3.02% | 9.17% | 10.51% | 8.66% | 8.70% |
| w/ sales charge | -1.45% | -8.25% | 5.66% | 7.75% | 8.05% | 11.41% |
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/09/1999 |
|---|
| w/o sales charge | -1.89% | -0.44% | 11.45% | 13.13% | 8.72% | 11.47% |
| Lipper Category Avg. Small-Cap Core Funds | 5.27% | 5.24% | 13.95% | 12.69% | 9.25% | - |
| Russell 2000® Value Index | 9.04% | 7.88% | 13.56% | 14.59% | 9.23% | 8.64% |
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
INVESTMENT TEAM
Your Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/09/1999 |
|---|
| w/o sales charge | -1.45% | -8.25% | 5.66% | 7.75% | 8.05% | 11.41% |
| Lipper Category Avg. Small-Cap Core Funds | 6.90% | -1.02% | 9.09% | 9.17% | 8.61% | - |
| Russell 2000® Value Index | 12.39% | 3.02% | 9.17% | 10.51% | 8.66% | 8.70% |
| w/ sales charge | -1.45% | -8.25% | 5.66% | 7.75% | 8.05% | 11.41% |
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/09/1999 |
|---|
| w/o sales charge | -1.89% | -0.44% | 11.45% | 13.13% | 8.72% | 11.47% |
| Lipper Category Avg. Small-Cap Core Funds | 5.27% | 5.24% | 13.95% | 12.69% | 9.25% | - |
| Russell 2000® Value Index | 9.04% | 7.88% | 13.56% | 14.59% | 9.23% | 8.64% |
Fund Expense Ratio :
Gross 1.10%
Net 1.03%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
| Year | Fund Returns | Russell 2000® Value Index |
|---|
| 2024 | 10.50% | 8.05% |
| 2023 | 13.83% | 14.65% |
| 2022 | -15.10% | -14.48% |
| 2021 | 27.50% | 28.27% |
| 2020 | 8.54% | 4.63% |
| 2019 | 20.72% | 22.39% |
| 2018 | -9.31% | -12.86% |
| 2017 | 7.51% | 7.84% |
| 2016 | 30.68% | 31.74% |
| 2015 | 2.06% | -7.47% |
| 2014 | -0.22% | - |
| 2013 | 38.17% | - |
| 2012 | 18.71% | - |
| 2011 | -9.69% | - |
| 2010 | 27.88% | - |
| 2009 | 33.66% | - |
| 2008 | -39.48% | - |
| 2007 | 8.76% | - |
| 2006 | 21.05% | - |
| 2005 | 17.49% | - |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|
| 2025 | -9.13% | 3.71% | 4.11% | - |
| 2024 | 3.40% | -1.80% | 7.25% | 1.47% |
| 2023 | 2.43% | 4.12% | -4.03% | 11.22% |
| 2022 | -5.04% | -16.50% | -4.55% | 12.18% |
| 2021 | 19.32% | 3.81% | -3.24% | 6.38% |
| 2020 | -42.23% | 34.36% | 0.83% | 38.69% |
| 2019 | 11.56% | 1.71% | -3.32% | 10.05% |
| 2018 | 0.42% | 8.56% | 1.78% | -18.26% |
| 2017 | -0.76% | 1.67% | 4.32% | 2.13% |
| 2016 | 1.03% | 7.58% | 6.87% | 12.50% |
| 2015 | 3.82% | -0.77% | -4.27% | 3.49% |
| 2014 | 0.75% | 2.73% | -7.57% | 4.29% |
| 2013 | 10.56% | 3.34% | 7.40% | 12.59% |
| 2012 | 13.41% | -5.38% | 6.42% | 3.95% |
| 2011 | 5.36% | -2.40% | -24.87% | 16.89% |
| 2010 | 9.02% | -6.15% | 7.17% | 16.63% |
| 2009 | -10.44% | 29.09% | 14.61% | 0.88% |
| 2008 | -7.80% | -5.84% | -1.17% | -29.47% |
| 2007 | 6.39% | 8.23% | -2.23% | -3.39% |
| 2006 | 12.21% | 1.88% | -0.60% | 6.53% |
| 2005 | 2.07% | 0.58% | 11.85% | 2.32% |
| 2004 | 8.41% | 3.62% | -1.64% | 13.42% |
| 2003 | -7.96% | 26.29% | 9.55% | 15.15% |
| 2002 | 14.26% | 1.09% | -17.93% | 1.92% |
| 2001 | 3.60% | 21.40% | -13.51% | 17.57% |
| 2000 | 6.00% | 16.14% | 8.48% | 1.82% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Cushman & Wakefield PLC | Real Estate | 3.7% |
| Vishay Precision Group Inc | Information Technology | 3.6% |
| White Mountains Insurance Group Ltd | Financials | 3.4% |
| Silicon Motion Technology Corp | Information Technology | 3.3% |
| Element Solutions Inc | Materials | 2.9% |
| IDACORP Inc | Utilities | 2.9% |
| LCI Industries | Consumer Discretionary | 2.8% |
| Littelfuse Inc | Information Technology | 2.7% |
| Wintrust Financial Corp | Financials | 2.7% |
| Crane NXT Co | Information Technology | 2.7% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| Cushman & Wakefield PLC | Real Estate | 3.7% |
| Vishay Precision Group Inc | Information Technology | 3.6% |
| White Mountains Insurance Group Ltd | Financials | 3.4% |
| Silicon Motion Technology Corp | Information Technology | 3.3% |
| Element Solutions Inc | Materials | 2.9% |
| IDACORP Inc | Utilities | 2.9% |
| LCI Industries | Consumer Discretionary | 2.8% |
| Littelfuse Inc | Information Technology | 2.7% |
| Wintrust Financial Corp | Financials | 2.7% |
| Crane NXT Co | Information Technology | 2.7% |
| Belden Inc | Information Technology | 2.6% |
| Griffon Corp | Industrials | 2.6% |
| Brady Corp | Industrials | 2.5% |
| Landstar System Inc | Industrials | 2.5% |
| FirstCash Holdings Inc | Financials | 2.5% |
| Genpact Ltd | Industrials | 2.5% |
| Seacoast Banking Corp of Florida | Financials | 2.4% |
| Acushnet Holdings Corp | Consumer Discretionary | 2.3% |
| Advanced Energy Industries Inc | Information Technology | 2.3% |
| Kemper Corp | Financials | 2.3% |
| WillScot Holdings Corp | Industrials | 2.3% |
| Worthington Enterprises Inc | Industrials | 2.2% |
| Arcosa Inc | Industrials | 2.2% |
| First BanCorp/Puerto Rico | Financials | 2.2% |
| Axos Financial Inc | Financials | 2.1% |
| Avient Corp | Materials | 2.1% |
| Bancorp Inc/The | Financials | 2.1% |
| Addus HomeCare Corp | Health Care | 2.0% |
| Fortrea Holdings Inc | Health Care | 2.0% |
| Marex Group PLC | Financials | 2.0% |
| Phibro Animal Health Corp | Health Care | 1.9% |
| Blackbaud Inc | Information Technology | 1.8% |
| Gulfport Energy Corp | Energy | 1.7% |
| Rush Enterprises Inc | Industrials | 1.7% |
| PriceSmart Inc | Consumer Staples | 1.6% |
| Taylor Morrison Home Corp | Consumer Discretionary | 1.5% |
| Nexstar Media Group Inc | Communication Services | 1.5% |
| UFP Industries Inc | Industrials | 1.5% |
| Affiliated Managers Group Inc | Financials | 1.5% |
| Samsonite Group SA | Consumer Discretionary | 1.5% |
| TWFG Inc | Financials | 1.4% |
| Chord Energy Corp | Energy | 1.4% |
| Bank of NT Butterfield & Son Ltd/The | Financials | 1.4% |
| Integer Holdings Corp | Health Care | 1.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 10/31/2025
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 1.5%
|
|
| Real Estate |
0.5%
|
|
| Utilities | 0.0% | |
| Consumer Discretionary |
1.7%
|
|
| Consumer Staples |
1.8%
|
|
| Energy |
3.4%
|
|
| Financials |
1.3%
|
|
| Health Care |
0.6%
|
|
| Industrials |
1.3%
|
|
| Information Technology |
1.3%
|
|
| Materials |
0.2%
|
PORTFOLIO DETAILS as of 10/31/2025
- Total Net Assets
- $86.14 M
- Number of Holdings
- 44
- Weighted Average Market Cap.
- 4.1 B
- P/B Ratio
- 2.0x
- P/E Ratio
- 18.7x
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 11/30/2025
| Fund Gross Expense Ratio | 1.10% |
| Fund Net Expense Ratio | 1.03% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2026. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
|
0Documents selected
|
||||
|---|---|---|---|---|
|
Portfolio Holdings 1Q
Publish Date:11/03/2015
|
||||
|
Portfolio Holdings 3Q
Publish Date:11/03/2015
|
||||
|
Summary Prospectus
Publish Date:11/03/2015
|
||||
|
Statutory Prospectus
Publish Date:11/03/2015
|
||||
|
SAI
Publish Date:11/03/2015
|
||||
|
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
|
||||
|
2024 Annual Tailored Shareholder Report
Publish Date:11/03/2015
|
||||
|
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
|
||||
|
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
|
||||
|
Fact Sheet
Publish Date:11/03/2015
|