North Square Advisory Research Small Cap Value Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.3%
1 yr return
25.3%
3 Yr Avg Return
4.8%
5 Yr Avg Return
7.6%
Net Assets
$24.3 M
Holdings in Top 10
41.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ADVGX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.34%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNorth Square Advisory Research Small Cap Value Fund
-
Fund Family NameNorth Square
-
Inception DateNov 17, 2009
-
Shares Outstanding2123678
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Swaim
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization companies. The Fund considers small-capitalization companies to be companies with market capitalizations generally within the ranges of the Russell 2000 Value Total Return Index at the time of purchase. As of October 31, 2023, the market capitalization range of the Russell 2000 Value Total Return Index was between $32 million and $7.4 billion. The Fund’s investments in equity securities primarily include common stock, preferred securities, and convertible securities. While the Fund invests primarily in equity securities of U.S. issuers, it may invest in securities of foreign issuers, including those in emerging markets. In keeping with the Fund’s investment objective, investments in such foreign issuers is not expected to exceed 20% of the Fund’s net assets. The Fund follows an investing style that favors value investments.
Advisory Research, Inc.’s (“ARI” or “Sub-Adviser”), the Fund's sub-adviser, uses a bottom-up investment approach that seeks to identify companies with attractive valuations relative to their estimated full value. The Sub-Adviser employs a four-step investment process. First, the Sub-Adviser uses a quantitative screen to identify a group of value-oriented securities. Second, the Sub-Adviser conducts a thorough fundamental analysis of each company, focusing on key balance sheet information to determine the estimated value of the company. In the third step, the Sub-Adviser analyzes the companies’ senior management and their business plans with the goal of identifying competent senior management teams that are committed to unlocking value. Finally, the portfolio management team determines whether to buy, wait or pass on those companies that have passed the first three steps. The Sub-Adviser also considers other factors including political risk, monetary policy risk, and regulatory risk when selecting foreign (non-U.S.) securities.
The Fund also may invest in American, European, and Global Depositary Receipts (“ADRs,” “EDRs,” and “GDRs,” respectively). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks. EDRs and GDRs have the same qualities as ADRs, except that they may be traded in several international trading markets.
ADVGX - Performance
Return Ranking - Trailing
Period | ADVGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -3.1% | 11.8% | 97.70% |
1 Yr | 25.3% | -7.5% | 35.0% | 5.49% |
3 Yr | 4.8%* | -5.2% | 29.5% | 75.11% |
5 Yr | 7.6%* | -1.1% | 43.0% | 81.07% |
10 Yr | 8.6%* | 1.0% | 24.4% | 42.10% |
* Annualized
Return Ranking - Calendar
Period | ADVGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.9% | -24.9% | 46.1% | 2.29% |
2022 | -18.6% | -64.7% | 4.6% | 88.28% |
2021 | 20.6% | -44.2% | 57.5% | 29.07% |
2020 | -12.7% | -23.2% | 285.0% | 97.18% |
2019 | 14.6% | -21.4% | 48.5% | 80.31% |
Total Return Ranking - Trailing
Period | ADVGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -3.1% | 11.8% | 97.70% |
1 Yr | 25.3% | -7.5% | 35.0% | 5.49% |
3 Yr | 4.8%* | -5.2% | 29.5% | 75.11% |
5 Yr | 7.6%* | -1.1% | 43.0% | 81.07% |
10 Yr | 8.6%* | 1.0% | 24.4% | 42.10% |
* Annualized
Total Return Ranking - Calendar
Period | ADVGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.9% | -15.9% | 46.7% | 5.20% |
2022 | -13.0% | -42.0% | 8.5% | 93.47% |
2021 | 29.9% | 3.6% | 129.7% | 14.90% |
2020 | -2.5% | -22.6% | 304.8% | 90.87% |
2019 | 27.7% | -12.7% | 52.1% | 26.87% |
NAV & Total Return History
ADVGX - Holdings
Concentration Analysis
ADVGX | Category Low | Category High | ADVGX % Rank | |
---|---|---|---|---|
Net Assets | 24.3 M | 1.09 M | 163 B | 94.28% |
Number of Holdings | 37 | 2 | 1683 | 90.04% |
Net Assets in Top 10 | 8.41 M | 420 K | 33.9 B | 94.89% |
Weighting of Top 10 | 41.54% | 4.8% | 98.8% | 11.84% |
Top 10 Holdings
- Miller Industries, Inc. 5.61%
- Enstar Group Ltd. 5.35%
- Performance Food Group Co. 4.37%
- Viad Corp. 4.02%
- Asbury Automotive Group, Inc. 3.96%
- Monarch Casino Resort, Inc. 3.74%
- John Bean Technologies Corp. 3.74%
- Alkami Technology, Inc. 3.71%
- Bel Fuse, Inc. 3.66%
- Alamo Group, Inc. 3.38%
Asset Allocation
Weighting | Return Low | Return High | ADVGX % Rank | |
---|---|---|---|---|
Stocks | 97.53% | 1.86% | 108.42% | 68.52% |
Cash | 2.47% | 0.00% | 38.18% | 26.54% |
Preferred Stocks | 0.00% | 0.00% | 13.88% | 86.51% |
Other | 0.00% | -1.68% | 39.72% | 85.10% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 86.30% |
Bonds | 0.00% | -1.92% | 73.23% | 86.77% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ADVGX % Rank | |
---|---|---|---|---|
Industrials | 20.17% | 0.00% | 42.76% | 2.22% |
Consumer Cyclical | 19.93% | 0.00% | 22.74% | 0.53% |
Financial Services | 19.86% | 0.00% | 58.05% | 42.72% |
Energy | 14.60% | 0.00% | 54.00% | 4.80% |
Technology | 6.99% | 0.00% | 54.02% | 88.45% |
Healthcare | 6.06% | 0.00% | 30.08% | 97.96% |
Consumer Defense | 4.67% | 0.00% | 34.10% | 85.08% |
Basic Materials | 3.87% | 0.00% | 21.69% | 37.74% |
Communication Services | 3.84% | 0.00% | 26.58% | 77.09% |
Utilities | 0.00% | 0.00% | 27.04% | 97.87% |
Real Estate | 0.00% | 0.00% | 90.54% | 97.16% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ADVGX % Rank | |
---|---|---|---|---|
US | 97.53% | 1.86% | 108.42% | 52.56% |
Non US | 0.00% | 0.00% | 26.07% | 88.71% |
ADVGX - Expenses
Operational Fees
ADVGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.03% | 14.82% | 26.99% |
Management Fee | 0.70% | 0.00% | 1.50% | 78.13% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | 50.58% |
Sales Fees
ADVGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
ADVGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 26.32% |
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.
ADVGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 45.00% | 0.00% | 488.00% | 60.60% |
ADVGX - Distributions
Dividend Yield Analysis
ADVGX | Category Low | Category High | ADVGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.85% | 0.00% | 36.25% | 90.05% |
Dividend Distribution Analysis
ADVGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
ADVGX | Category Low | Category High | ADVGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.34% | -1.51% | 4.28% | 91.27% |
Capital Gain Distribution Analysis
ADVGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.097 | OrdinaryDividend |
Dec 22, 2022 | $0.653 | OrdinaryDividend |
Dec 22, 2021 | $0.878 | OrdinaryDividend |
Dec 23, 2019 | $1.268 | OrdinaryDividend |
Dec 21, 2018 | $0.072 | OrdinaryDividend |
Dec 21, 2017 | $0.052 | OrdinaryDividend |
Dec 21, 2016 | $0.090 | OrdinaryDividend |
Dec 17, 2015 | $0.135 | OrdinaryDividend |
Dec 17, 2014 | $0.078 | OrdinaryDividend |
Dec 18, 2013 | $0.054 | OrdinaryDividend |
Dec 19, 2012 | $0.117 | OrdinaryDividend |
Dec 22, 2010 | $0.026 | OrdinaryDividend |
ADVGX - Fund Manager Analysis
Managers
Matthew Swaim
Start Date
Tenure
Tenure Rank
Nov 16, 2009
12.55
12.6%
Matthew K. Swaim, CFA, serves as a Portfolio Manager, a Managing Director, and Chair of the Executive Committee for Advisory Research. Prior to joining the firm in 2005, Matthew worked in the assurance and business advisory group at PricewaterhouseCoopers LLP. Matthew holds a BS in accounting and business administration from the University of Kansas and an MBA from the Kelley School of Business at Indiana University. Matthew is a Chartered Financial Analyst (CFA®) charterholder and has passed the Uniform CPA Examination.
Bruce Zessar
Start Date
Tenure
Tenure Rank
Dec 31, 2010
11.42
11.4%
Bruce M. Zessar, JD, CFA, serves as a Managing Director and a Portfolio Manager. Prior to joining Advisory Research in 2004, Bruce was a co-founder and principal of Oasis Legal Finance, LLC, a specialty finance company. Bruce is a former partner in the law firm of Sidley Austin, where he practiced financial markets-related law, including securities, antitrust, and intellectual property for 12 years. Bruce holds an AB, magna cum laude, in economics from Harvard University and a JD, with distinction, from Stanford Law School. Bruce is a Chartered Financial Analyst (CFA®) charterholder.
Christopher Harvey
Start Date
Tenure
Tenure Rank
Oct 31, 2015
6.59
6.6%
Christopher R. Harvey, CFA, serves as a Managing Director and a Portfolio Manager. Prior to joining Advisory Research in 2015, Chris was the Director of Research and a member of the Investment Committee at Zuckerman Investment Group. Previous to that, Chris was a Vice President at Legg Mason Investment Counsel and senior equity analyst at William Harris Investors. Chris holds a BA from Clark University and an MBA from the University of Chicago. Chris is a Chartered Financial Analyst (CFA®) charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.06 | 16.42 |