IMS Capital Value Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
17.9%
1 yr return
34.8%
3 Yr Avg Return
4.8%
5 Yr Avg Return
10.4%
Net Assets
$51.3 M
Holdings in Top 10
54.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.58%
Redemption Fee 0.50%
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IMSCX - Profile
Distributions
- YTD Total Return 17.9%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.69%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameIMS Capital Value Fund
-
Fund Family NameIMS
-
Inception DateJun 23, 2014
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCarl Marker
Fund Description
The investment objective of the Value Fund is long-term growth from capital appreciation, and secondarily, income from dividends. The Value Fund invests primarily in common stocks of mid-cap and large-cap U.S. companies. With respect to both mid-cap and large-cap stocks, the Adviser employs a selection process designed to produce a diversified portfolio of companies exhibiting both value and positive momentum characteristics. Value characteristics include a historically low stock price, as well as historically low fundamental ratios such as price to earnings, price to sales, price to book value and price to cash flow. Positive momentum characteristics include positive earnings revisions, positive earnings surprises, relative price strength and other developments that may favorably affect a company’s stock price, such as a new product or change in management.
The Adviser seeks to reduce risk through diversification and through the ownership of undervalued companies, which may be less volatile than overpriced companies whose fundamentals do not support their valuations. The Value Fund typically invests in mid-cap securities, which the Adviser defines as those with a market capitalization of approximately $2 billion to $11 billion, and in large-cap securities, which the Adviser defines as those with a market capitalization of greater than $11 billion. The Adviser generally seeks companies that it believes are well-capitalized, globally diversified, and that have the resources to weather negative business conditions successfully.
Most stocks in the Value Fund’s portfolio fall into one of the Adviser’s seven strategic focus areas: healthcare, technology, financial services, communications/entertainment, consumer, consolidating industries (i.e., companies buying other companies in an industry) and industries that, in the past, have declined less than others during general market declines (i.e., defensive industries). The Adviser believes that stocks in these focus areas have the potential to produce superior long-term returns. In addition, the Adviser carefully diversifies the Value Fund’s holdings to ensure representation in all ten major broad-based industry sectors as defined by Standard & Poor’s, Inc.
Although the Value Fund intends to be invested primarily in mid-cap and large-cap stocks as described above, the Value Fund may also invest in common stocks of any capitalization. The Value Fund may pursue its investment objective directly or indirectly through investments in other investment companies (including exchange-traded funds (“ETFs”) and open-end and closed-end mutual funds) that invest in the securities described above.
The Value Fund typically will sell a portfolio company if both of the following occur: (1) a company’s stock price exceeds the Adviser’s target sell price; and (2) the company demonstrates that it may be losing positive momentum as described above. The Value Fund also could sell a portfolio company earlier if the Adviser believes that the company’s stock price may not reach the Adviser’s target sell price due to a material event, such as major industry-wide change, a significant change in the company’s management or direction, the emergence of a better opportunity within the same industry, or if the company becomes involved in a merger or acquisition.
The Value Fund’s primary objective is capital appreciation. The Value Fund seeks to achieve its secondary objective of income by investing in dividend-paying stocks.
As a result of the Adviser’s overall strategy, the Value Fund engages in active trading of portfolio securities which causes the Value Fund to experience a high portfolio turnover rate.
IMSCX - Performance
Return Ranking - Trailing
Period | IMSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.9% | 3.3% | 32.1% | 76.84% |
1 Yr | 34.8% | 9.4% | 54.9% | 46.32% |
3 Yr | 4.8%* | -10.5% | 17.2% | 95.08% |
5 Yr | 10.4%* | -7.9% | 111.5% | 93.42% |
10 Yr | 8.1%* | 0.0% | 52.6% | 95.41% |
* Annualized
Return Ranking - Calendar
Period | IMSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 47.4% | -42.6% | 47.4% | 0.08% |
2022 | -30.1% | -56.3% | -4.2% | 92.48% |
2021 | 8.6% | -27.2% | 537.8% | 82.41% |
2020 | 11.5% | -22.5% | 2181.7% | 50.65% |
2019 | 26.0% | -13.5% | 40.4% | 33.48% |
Total Return Ranking - Trailing
Period | IMSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.9% | 3.3% | 32.1% | 76.84% |
1 Yr | 34.8% | 9.4% | 54.9% | 46.32% |
3 Yr | 4.8%* | -10.5% | 17.2% | 95.08% |
5 Yr | 10.4%* | -7.9% | 111.5% | 93.42% |
10 Yr | 8.1%* | 0.0% | 52.6% | 95.41% |
* Annualized
Total Return Ranking - Calendar
Period | IMSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 47.4% | -5.0% | 47.4% | 0.08% |
2022 | -30.1% | -36.8% | -2.2% | 99.51% |
2021 | 8.6% | 3.0% | 537.8% | 98.92% |
2020 | 13.8% | -15.8% | 2266.0% | 70.92% |
2019 | 32.5% | -0.4% | 241.3% | 13.39% |
NAV & Total Return History
IMSCX - Holdings
Concentration Analysis
IMSCX | Category Low | Category High | IMSCX % Rank | |
---|---|---|---|---|
Net Assets | 51.3 M | 2.34 M | 1.55 T | 92.23% |
Number of Holdings | 35 | 2 | 4002 | 90.94% |
Net Assets in Top 10 | 28 M | 979 K | 517 B | 90.21% |
Weighting of Top 10 | 54.64% | 0.3% | 112.9% | 5.52% |
Top 10 Holdings
- COMMON STOCK 9.63%
- COMMON STOCK 8.06%
- COMMON STOCK 5.72%
- COMMON STOCK 5.49%
- COMMON STOCK 5.48%
- COMMON STOCK 4.98%
- COMMON STOCK 4.38%
- COMMON STOCK 4.10%
- COMMON STOCK 3.80%
- COMMON STOCK 3.00%
Asset Allocation
Weighting | Return Low | Return High | IMSCX % Rank | |
---|---|---|---|---|
Stocks | 100.18% | 0.00% | 105.85% | 3.07% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 21.76% |
Other | 0.00% | -13.91% | 100.00% | 45.15% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 18.10% |
Cash | 0.00% | 0.00% | 99.07% | 94.34% |
Bonds | 0.00% | 0.00% | 94.06% | 24.68% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IMSCX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 30.33% | 0.00% | 30.33% | 0.08% |
Technology | 22.30% | 0.00% | 48.94% | 65.73% |
Communication Services | 16.72% | 0.00% | 27.94% | 2.06% |
Industrials | 15.58% | 0.00% | 29.90% | 5.60% |
Financial Services | 10.85% | 0.00% | 55.59% | 90.69% |
Healthcare | 4.22% | 0.00% | 60.70% | 99.09% |
Utilities | 0.00% | 0.00% | 20.91% | 86.82% |
Real Estate | 0.00% | 0.00% | 31.91% | 89.04% |
Energy | 0.00% | 0.00% | 41.64% | 87.15% |
Consumer Defense | 0.00% | 0.00% | 47.71% | 97.86% |
Basic Materials | 0.00% | 0.00% | 25.70% | 94.81% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IMSCX % Rank | |
---|---|---|---|---|
US | 100.18% | 0.00% | 105.85% | 2.18% |
Non US | 0.00% | 0.00% | 64.54% | 34.63% |
IMSCX - Expenses
Operational Fees
IMSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.00% | 0.01% | 19.75% | 4.64% |
Management Fee | 1.21% | 0.00% | 1.90% | 99.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | 81.92% |
Sales Fees
IMSCX 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 | 1.00% | 5.00% | N/A |
Trading Fees
IMSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 0.50% | 0.25% | 2.00% | 94.87% |
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.
IMSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.58% | 0.00% | 268.00% | 87.94% |
IMSCX - Distributions
Dividend Yield Analysis
IMSCX | Category Low | Category High | IMSCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.47% | 91.00% |
Dividend Distribution Analysis
IMSCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
IMSCX | Category Low | Category High | IMSCX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.69% | -54.00% | 2.44% | 96.86% |
Capital Gain Distribution Analysis
IMSCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2020 | $0.039 | OrdinaryDividend |
Dec 15, 2020 | $0.531 | CapitalGainLongTerm |
Dec 16, 2019 | $0.447 | CapitalGainShortTerm |
Dec 16, 2019 | $0.792 | CapitalGainLongTerm |
Dec 17, 2018 | $0.481 | CapitalGainShortTerm |
Dec 17, 2018 | $2.046 | CapitalGainLongTerm |
Dec 15, 2017 | $0.495 | CapitalGainLongTerm |
Dec 15, 2017 | $0.020 | OrdinaryDividend |
IMSCX - Fund Manager Analysis
Managers
Carl Marker
Start Date
Tenure
Tenure Rank
Aug 05, 1996
25.84
25.8%
Mr. Marker, co-Portfolio Manager, currently serves as Chairman and Chief Investment Officer, and has served as primary portfolio manager of the IMS Capital Management, Inc. since 1988. Prior to founding IMS Capital Management in 1988, Marker was employed by subsidiaries of General Motors and Mercedes-Benz.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |