Friess Small Cap Growth Investor
Name
As of 05/31/2022Price
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
-31.2%
1 yr return
-22.2%
3 Yr Avg Return
9.9%
5 Yr Avg Return
11.8%
Net Assets
$4.72 M
Holdings in Top 10
28.9%
52 WEEK LOW AND HIGH
$23.0
$22.69
$41.88
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/31/2022Price
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
SCGNX - Profile
Distributions
- YTD Total Return -31.2%
- 3 Yr Annualized Total Return 9.9%
- 5 Yr Annualized Total Return 11.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.09%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFriess Small Cap Growth Fund
-
Fund Family NameFriess Associates
-
Inception DateMay 31, 2017
-
Shares Outstanding25225
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott Gates
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by smaller capitalization companies. The Fund invests principally in common stocks of U.S. companies but may also invest in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (“ADRs”).
The Fund defines smaller capitalization companies as companies having market capitalizations at the time of purchase within the market capitalization range of companies included in the Russell 2000® Index (the “Russell 2000®”) at the date of its last reconstitution. As of May 7, 2021, the date of the latest reconstitution of the Russell 2000® (implemented June 25, 2021), the capitalization range of the Russell 2000® was between $257.1 million and $7.3 billion.
The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the premise that companies generating strong earnings growth should see their stock price rise. The Fund invests in companies in a broad range of industries, generally focusing on companies delivering at least 20% year-over-year earnings growth (under normal economic conditions) with shares that sell at reasonable price-to-earnings ratios as determined by the Adviser. The Fund targets fundamentally sound companies that are experiencing positive change, such as new products, new management teams or members, acquisitions or divestitures, or legislative changes. The Fund’s annual portfolio turnover rate may exceed 250%.
The Fund employs a firm sell discipline. The Fund will sell a portfolio holding when:
•The company’s fundamentals deteriorate such as contracting profit margins or reduced revenue growth;
•The Adviser believes investor expectations become unrealistically high regarding the company’s outlook;
•The Adviser identifies a better investment that needs capital to be made available to facilitate its purchase; or
•The holding’s share price reaches the Adviser’s target price.
SCGNX - Performance
Return Ranking - Trailing
| Period | SCGNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -31.2% | -48.4% | 500.0% | 86.33% |
| 1 Yr | -22.2% | -63.8% | 11.1% | 51.74% |
| 3 Yr | 9.9%* | -20.6% | 26.6% | 34.65% |
| 5 Yr | 11.8%* | -14.3% | 22.3% | 26.90% |
| 10 Yr | N/A* | -7.0% | 18.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SCGNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -98.2% | 781.7% | 7.10% |
| 2022 | 27.0% | -63.0% | 340.3% | 53.78% |
| 2021 | 16.6% | -9.1% | 48.3% | 75.00% |
| 2020 | -10.0% | -76.3% | 13.6% | 19.86% |
| 2019 | N/A | -46.3% | 37.0% | N/A |
Total Return Ranking - Trailing
| Period | SCGNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -31.2% | -53.1% | 500.0% | 86.17% |
| 1 Yr | -22.2% | -64.1% | 8.6% | 48.18% |
| 3 Yr | 9.9%* | -22.2% | 26.6% | 33.39% |
| 5 Yr | 11.8%* | -15.3% | 22.3% | 25.76% |
| 10 Yr | N/A* | -7.6% | 18.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SCGNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -98.2% | 781.7% | 7.10% |
| 2022 | 27.0% | -63.0% | 340.3% | 53.78% |
| 2021 | 16.6% | -9.1% | 48.3% | 75.00% |
| 2020 | -10.0% | -76.3% | 14.5% | 41.32% |
| 2019 | N/A | -8.4% | 42.0% | N/A |
NAV & Total Return History
SCGNX - Holdings
Concentration Analysis
| SCGNX | Category Low | Category High | SCGNX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.72 M | 183 K | 28 B | 98.13% |
| Number of Holdings | 45 | 6 | 1336 | 90.98% |
| Net Assets in Top 10 | 11.6 M | 59 K | 2.7 B | 88.49% |
| Weighting of Top 10 | 28.93% | 4.7% | 100.0% | 26.52% |
Top 10 Holdings
- Voyager Digital Ltd 4.33%
- Limelight Networks Inc 4.19%
- Hovnanian Enterprises Inc 3.46%
- Chesapeake Energy Corp Ordinary Shares - New 3.30%
- ACM Research Inc Class A 3.27%
- Apollo Medical Holdings Inc 3.26%
- CryoPort Inc 3.22%
- Identiv Inc 3.21%
- Axcelis Technologies Inc 3.08%
- InterDigital Inc 3.08%
Asset Allocation
| Weighting | Return Low | Return High | SCGNX % Rank | |
|---|---|---|---|---|
| Stocks | 97.38% | 77.52% | 101.30% | 51.79% |
| Cash | 2.62% | -1.30% | 22.49% | 43.08% |
| Preferred Stocks | 0.00% | 0.00% | 3.43% | 39.50% |
| Other | 0.00% | -1.88% | 20.21% | 50.23% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 36.08% |
| Bonds | 0.00% | 0.00% | 3.19% | 37.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SCGNX % Rank | |
|---|---|---|---|---|
| Industrials | 26.08% | 0.00% | 36.64% | 5.75% |
| Technology | 25.45% | 0.00% | 75.51% | 48.83% |
| Consumer Cyclical | 24.32% | 0.00% | 40.68% | 0.93% |
| Healthcare | 7.23% | 0.00% | 58.05% | 94.56% |
| Basic Materials | 7.10% | 0.00% | 10.74% | 2.95% |
| Energy | 5.22% | 0.00% | 55.49% | 14.46% |
| Consumer Defense | 2.51% | 0.00% | 30.87% | 74.34% |
| Utilities | 2.09% | 0.00% | 10.26% | 7.62% |
| Real Estate | 0.00% | 0.00% | 27.01% | 84.45% |
| Financial Services | 0.00% | 0.00% | 100.00% | 98.60% |
| Communication Services | 0.00% | 0.00% | 15.31% | 89.89% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SCGNX % Rank | |
|---|---|---|---|---|
| US | 92.19% | 32.04% | 99.56% | 63.45% |
| Non US | 5.19% | 0.00% | 46.32% | 30.95% |
SCGNX - Expenses
Operational Fees
| SCGNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.03% | 6.02% | 22.97% |
| Management Fee | 1.00% | 0.05% | 4.05% | 86.29% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.44% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| SCGNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| SCGNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| SCGNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 461.00% | 98.78% |
SCGNX - Distributions
Dividend Yield Analysis
| SCGNX | Category Low | Category High | SCGNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.14% | 40.44% |
Dividend Distribution Analysis
| SCGNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| SCGNX | Category Low | Category High | SCGNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.09% | -5.42% | 1.10% | 78.83% |
Capital Gain Distribution Analysis
| SCGNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
SCGNX - Fund Manager Analysis
Managers
Scott Gates
Start Date
Tenure
Tenure Rank
May 31, 2017
5.0
5.0%
Scott Gates has more than 28 years of experience, including over 14 years with Friess Associates. He serves as the Chief Investment Officer of Friess and Friess of Delaware, positions he has held since March 2013. Previously, from September 2012 until March 2013, he served as Co-Chief Investment Officer of Friess and Friess of Delaware. Mr. Gates has been a Team Leader since 2008, a member of the Management Committee of Friess and Friess of Delaware since 2010, and a key member of the Research Team since joining Friess in 2003. Prior to Friess Associates, Scott was a Senior Analyst and Portfolio Manager at Gardner Lewis Asset Management. His career also includes time spent as a trader in the foreign exchange for Butler Harlow LTD in New York. Scott earned his undergraduate degree at Wake Forest University and his MBA from Emory University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 8.65 | 0.33 |