Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.50% 55.11M 0.00% 74.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-25.28M 25.62% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in the equity securities of microcap companies. It will pursue its investment objective using a "multi-manager" process, allocating assets among a carefully chosen group of asset managers (the "Subadvisers"). The Adviser will select the fund's Subadvisers using its manager research and selection process which seeks to identify investment managers that are likely to achieve out performance over a long time horizon.
General
Security Type Mutual Fund
Oldest Share Symbol AFMCX
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Small Blend
Category Index Russell 2000 TR USD
Prospectus Objective Small Company
Fund Owner Firm Name Acuitas Investments
Prospectus Benchmark Index
Russell Micro Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Christopher Tessin 6.46 yrs
Dennis Jensen 6.46 yrs
Michael Waterman 6.46 yrs
Todd Wolter 6.46 yrs
DeShay McCluskey 2.46 yrs
Timothy Chatard 2.46 yrs
Touk Sinantha 2.46 yrs
Andrew Beja 0.51 yrs
David Rose 0.51 yrs
Gary Hatton 0.51 yrs
Jeffrey Harrison 0.51 yrs
Jennifer Pawloski 0.51 yrs
Matthew Dhane 0.51 yrs
William Dezellem 0.51 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 51
-25.28M
-3.520B Category Low
2.922B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of December 31, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of January 20, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
--
2.45%
21.55%
10.26%
-12.89%
21.89%
14.07%
11.93%
13.69%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
2.62%
-7.36%
-9.75%
33.04%
10.97%
-6.38%
12.18%
28.81%
13.56%
1.96%
-1.79%
24.71%
11.71%
-14.12%
21.80%
14.72%
11.73%
6.40%
-8.50%
16.59%
9.52%
-16.11%
17.03%
17.27%
11.95%
0.45%
-3.56%
16.24%
5.74%
-12.30%
23.35%
-8.62%
5.01%
As of January 20, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0.00%
30-Day SEC Yield --
7-Day SEC Yield (1-20-21) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.94
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2020

Asset Allocation

As of September 30, 2020.
Type % Net % Long % Short
Cash 1.50% Upgrade Upgrade
Stock 98.50% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Avid Bioservices Inc 1.97% 13.84 -1.21%
IES Holdings Inc 1.78% 49.59 0.55%
NMI Holdings Inc A 1.60% 24.52 0.29%
BioLife Solutions Inc 1.58% 40.60 -1.26%
UFP Technologies Inc 1.55% 46.90 -1.01%
SIGA Technologies Inc 1.53% 7.16 -0.42%
BlackRock Liquidity FedFund Instl 1.50% 1.00 0.00%
Winmark Corp 1.49% 182.00 0.83%
Argan Inc 1.41% 45.43 -0.44%
QAD Inc 1.36% 67.41 1.22%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee Upgrade
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in the equity securities of microcap companies. It will pursue its investment objective using a "multi-manager" process, allocating assets among a carefully chosen group of asset managers (the "Subadvisers"). The Adviser will select the fund's Subadvisers using its manager research and selection process which seeks to identify investment managers that are likely to achieve out performance over a long time horizon.
General
Security Type Mutual Fund
Oldest Share Symbol AFMCX
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Small Blend
Category Index Russell 2000 TR USD
Prospectus Objective Small Company
Fund Owner Firm Name Acuitas Investments
Prospectus Benchmark Index
Russell Micro Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Christopher Tessin 6.46 yrs
Dennis Jensen 6.46 yrs
Michael Waterman 6.46 yrs
Todd Wolter 6.46 yrs
DeShay McCluskey 2.46 yrs
Timothy Chatard 2.46 yrs
Touk Sinantha 2.46 yrs
Andrew Beja 0.51 yrs
David Rose 0.51 yrs
Gary Hatton 0.51 yrs
Jeffrey Harrison 0.51 yrs
Jennifer Pawloski 0.51 yrs
Matthew Dhane 0.51 yrs
William Dezellem 0.51 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0.00%
30-Day SEC Yield --
7-Day SEC Yield (1-20-21) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.94
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2020

Fund Details

Key Dates
Inception Date 7/18/2014
Last Annual Report Date 6/30/2020
Last Prospectus Date 11/1/2020
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No