M Capital Appreciation Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
17.2%
1 yr return
25.9%
3 Yr Avg Return
6.4%
5 Yr Avg Return
8.3%
Net Assets
$11.3 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFCPX - Profile
Distributions
- YTD Total Return 17.2%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameM Capital Appreciation Fund
-
Fund Family NameM Funds
-
Inception DateApr 22, 2002
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Bennett
Fund Description
The Fund principally invests in common stock of U.S. companies of all sizes, with emphasis on stocks of companies with capitalizations that are consistent with the capitalizations of those companies found in the Russell 2500® Index. As of March 31, 2024, the market capitalization range of companies in the Russell 2500® Index was between approximately $16.6 million and $59.2 billion. The Fund may invest up to 15% of the value of its total assets in equity securities of foreign issuers.
The Fund's sub-adviser, Frontier Capital Management Company, LLC ("Frontier") seeks long-term capital appreciation by employing a Growth-At-A-Reasonable-Price approach to identify, in its view, the best risk/reward investment ideas in the U.S. small- and mid-capitalization equity universe. Frontier purchases companies that, in its view, have above-average earnings growth potential and are available at reasonable valuations. Frontier's philosophy combines rigorous bottom-up fundamental analysis with a proven investment process.
Frontier may sell stocks for a number of reasons, including when price objectives are reached, fundamental conditions have changed so that future earnings progress is likely to be adversely affected, or a stock is fully invested and an attractive, new opportunity causes the sale of a current holding with less appreciation potential. Frontier does not sell stocks solely on changes to a company's market capitalization.
MFCPX - Performance
Return Ranking - Trailing
Period | MFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.2% | -60.4% | 86.4% | 80.74% |
1 Yr | 25.9% | -57.4% | 88.1% | 75.37% |
3 Yr | 6.4%* | -15.0% | 63.0% | 11.63% |
5 Yr | 8.3%* | -10.4% | 48.0% | 67.91% |
10 Yr | 2.4%* | -3.9% | 25.6% | 99.74% |
* Annualized
Return Ranking - Calendar
Period | MFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.6% | -20.5% | 54.6% | 42.57% |
2022 | -25.3% | -82.1% | 32.2% | 17.26% |
2021 | -1.6% | -90.6% | 300.1% | 35.85% |
2020 | 14.9% | -63.0% | 127.9% | 91.78% |
2019 | 18.5% | -7.7% | 42.9% | 66.60% |
Total Return Ranking - Trailing
Period | MFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.2% | -60.4% | 86.4% | 80.74% |
1 Yr | 25.9% | -57.4% | 88.1% | 75.37% |
3 Yr | 6.4%* | -15.0% | 63.0% | 11.63% |
5 Yr | 8.3%* | -10.4% | 48.0% | 67.91% |
10 Yr | 2.4%* | -3.9% | 25.6% | 99.74% |
* Annualized
Total Return Ranking - Calendar
Period | MFCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.6% | -19.0% | 136.8% | 6.32% |
2022 | -18.1% | -59.9% | 44.3% | 7.69% |
2021 | 16.6% | -22.7% | 411.9% | 22.26% |
2020 | 14.9% | 1.5% | 150.8% | 96.67% |
2019 | 18.5% | 5.5% | 55.3% | 96.78% |
NAV & Total Return History
MFCPX - Holdings
Concentration Analysis
MFCPX | Category Low | Category High | MFCPX % Rank | |
---|---|---|---|---|
Net Assets | 11.3 M | 209 K | 34.3 B | 96.85% |
Number of Holdings | 142 | 7 | 1226 | 23.33% |
Net Assets in Top 10 | 41.7 M | 53.8 K | 3.02 B | 82.59% |
Weighting of Top 10 | 16.88% | 7.5% | 100.0% | 78.85% |
Top 10 Holdings
- FTAI Aviation Ltd. 2.53%
- ATI, Inc. 2.25%
- Carpenter Technology Corp. 1.77%
- MRC Global, Inc. 1.74%
- Builders FirstSource, Inc. 1.54%
- Jabil, Inc. 1.44%
- Granite Construction, Inc. 1.42%
- Beacon Roofing Supply, Inc. 1.41%
- Eagle Materials, Inc. 1.40%
- MasTec, Inc. 1.37%
Asset Allocation
Weighting | Return Low | Return High | MFCPX % Rank | |
---|---|---|---|---|
Stocks | 98.44% | 92.05% | 107.62% | 42.22% |
Cash | 1.56% | 0.00% | 28.78% | 61.11% |
Preferred Stocks | 0.00% | 0.00% | 4.59% | 69.44% |
Other | 0.00% | -0.26% | 6.70% | 75.00% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 65.93% |
Bonds | 0.00% | 0.00% | 2.40% | 65.37% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFCPX % Rank | |
---|---|---|---|---|
Industrials | 21.61% | 0.00% | 36.64% | 11.85% |
Technology | 20.53% | 2.91% | 75.51% | 80.00% |
Financial Services | 14.37% | 0.00% | 42.95% | 14.81% |
Healthcare | 14.36% | 0.00% | 47.90% | 85.93% |
Consumer Cyclical | 12.62% | 0.00% | 24.04% | 43.52% |
Basic Materials | 6.06% | 0.00% | 9.24% | 4.81% |
Energy | 3.92% | 0.00% | 55.49% | 30.19% |
Communication Services | 2.34% | 0.00% | 15.31% | 48.15% |
Real Estate | 2.24% | 0.00% | 15.31% | 47.96% |
Consumer Defense | 1.95% | 0.00% | 13.56% | 82.78% |
Utilities | 0.00% | 0.00% | 5.57% | 74.81% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFCPX % Rank | |
---|---|---|---|---|
US | 98.44% | 17.30% | 107.62% | 36.48% |
Non US | 0.00% | 0.00% | 77.12% | 71.30% |
MFCPX - Expenses
Operational Fees
MFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.05% | 23.20% | 71.24% |
Management Fee | 0.81% | 0.05% | 1.62% | 56.59% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
MFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MFCPX 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.
MFCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 3.00% | 264.00% | 32.56% |
MFCPX - Distributions
Dividend Yield Analysis
MFCPX | Category Low | Category High | MFCPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.91% | 12.96% |
Dividend Distribution Analysis
MFCPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
MFCPX | Category Low | Category High | MFCPX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.46% | -2.47% | 1.10% | 27.34% |
Capital Gain Distribution Analysis
MFCPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.105 | OrdinaryDividend |
Dec 28, 2023 | $1.382 | CapitalGainShortTerm |
Jun 15, 2023 | $0.208 | CapitalGainShortTerm |
Dec 29, 2022 | $1.332 | CapitalGainLongTerm |
Jun 16, 2022 | $0.635 | CapitalGainLongTerm |
Dec 29, 2021 | $0.702 | CapitalGainShortTerm |
Dec 29, 2021 | $4.534 | CapitalGainLongTerm |
MFCPX - Fund Manager Analysis
Managers
Andrew Bennett
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
Andrew B. Bennett, CFA, is Vice President at Frontier Capital Management Company and holds a B.A. degree from Wheaton College and is a Chartered Financial Analyst. He joined Frontier in 2003 and currently serves as co-portfolio manager for the Frontier Capital Appreciation strategy.
Peter Kuechle
Start Date
Tenure
Tenure Rank
May 31, 2018
4.0
4.0%
Peter G. Kuechle, is Vice President at Frontier Capital Management Company and holds a B.A. degree from Dartmouth College and an M.B.A. degree from Harvard Business School. He joined Frontier in 2002 and currently serves as co-team leader for the Frontier Focus strategy and co-portfolio manager for the Frontier Capital Appreciation strategy.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.17 | 5.25 |