Union Street Partners Value Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.1%
1 yr return
12.2%
3 Yr Avg Return
5.6%
5 Yr Avg Return
10.6%
Net Assets
$74.9 M
Holdings in Top 10
59.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.72%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
USPVX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 10.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUnion Street Partners Value Fund
-
Fund Family NameUnion Street Partners
-
Inception DateDec 29, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBernard McGinn
Fund Description
Under normal market conditions, the Fund will invest primarily in the equity securities of large capitalization (“large-cap”) U.S. companies. The Fund defines a large-cap company as one whose market capitalization is $5 billion or greater at the time of purchase. The Fund will normally hold a core position of between 25 and 30 securities. The number of securities held by the Fund may occasionally exceed this range at times, such as when the portfolio managers are accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions.
Equity securities consist of common stock, depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”), Global Depositary Receipts (“GDRs”) and unsponsored depositary receipts), real estate investment trusts (“REITs”), master limited partnerships (“MLPs”), and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. ADRs are receipts typically issued by an American bank or trust company that evidence underlying securities issued by a foreign corporation. EDRs (issued in Europe) and GDRs (issued throughout the world) each evidence a similar ownership arrangement. MLPs are generally energy-related businesses and the Fund may invest in energy, real estate, and/or finance-related MLPs if the Adviser believes the business will deliver desirable returns.
The Fund may invest up to 20% of its net assets in high quality money market instruments and repurchase agreements. The Fund may also invest in shares of other registered investment companies, such as closed-end investment companies and exchange-traded funds (“ETFs”).
McGinn Penninger Investment Management, Inc. (the “Sub-Adviser”) utilizes a value approach to investing in that it selects investments for the Fund based on its belief that stock prices fluctuate around the true value of a company. The Sub-Adviser analyzes valuation ratios and typically selects stocks with low ratios of price/earnings, price/cash flow, price/book value and price/dividend.
The Sub-Adviser desires to produce superior risk adjusted returns by building portfolios of businesses with outstanding risk/reward profiles without running a high degree of capital risk. The Sub-Adviser only invests in those businesses it understands and where it has confidence in the company’s management and financial strength. Emphasis is placed on those companies which the Sub-Adviser believes are most likely to prosper under various economic conditions.
The Sub-Adviser sells or reduces the Fund’s position in a security (1) when it approaches the Sub-Adviser’s estimate of its fair value, (2) when its economic fundamentals have deteriorated, or (3) when the facts or the analysis surrounding the reason to originally put the security in the Fund’s portfolio have changed.
The Fund is a “non-diversified” fund, which means it can invest in fewer securities at any one time than a diversified fund. Also, from time to time the Fund may invest a significant portion of its assets in a limited number of industry sectors, but will not concentrate in any particular industry.
USPVX - Performance
Return Ranking - Trailing
Period | USPVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -12.3% | 50.7% | 98.41% |
1 Yr | 12.2% | -3.7% | 64.1% | 98.50% |
3 Yr | 5.6%* | -4.2% | 31.8% | 87.27% |
5 Yr | 10.6%* | 0.1% | 45.7% | 52.26% |
10 Yr | 9.2%* | 1.9% | 25.5% | 47.79% |
* Annualized
Return Ranking - Calendar
Period | USPVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.7% | -16.9% | 46.1% | 5.90% |
2022 | -8.8% | -64.7% | 4.6% | 25.26% |
2021 | 28.1% | -44.2% | 57.5% | 5.38% |
2020 | 6.3% | -23.2% | 285.0% | 10.03% |
2019 | 28.8% | -21.4% | 48.5% | 2.27% |
Total Return Ranking - Trailing
Period | USPVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -12.3% | 50.7% | 98.41% |
1 Yr | 12.2% | -3.7% | 64.1% | 98.50% |
3 Yr | 5.6%* | -4.2% | 31.8% | 87.27% |
5 Yr | 10.6%* | 0.1% | 45.7% | 52.26% |
10 Yr | 9.2%* | 1.9% | 25.5% | 47.79% |
* Annualized
Total Return Ranking - Calendar
Period | USPVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.5% | -15.9% | 46.7% | 10.59% |
2022 | -8.4% | -42.0% | 8.5% | 74.17% |
2021 | 28.1% | 3.6% | 129.7% | 27.30% |
2020 | 6.3% | -22.6% | 304.8% | 24.97% |
2019 | 31.1% | -12.7% | 52.1% | 6.20% |
NAV & Total Return History
USPVX - Holdings
Concentration Analysis
USPVX | Category Low | Category High | USPVX % Rank | |
---|---|---|---|---|
Net Assets | 74.9 M | 126 K | 163 B | 88.22% |
Number of Holdings | 26 | 2 | 1727 | 97.76% |
Net Assets in Top 10 | 46.7 M | 466 K | 39.5 B | 82.34% |
Weighting of Top 10 | 59.34% | 4.4% | 99.1% | 3.00% |
Top 10 Holdings
- Microsoft Corp. 10.73%
- Apple, Inc. 8.66%
- META Platforms, Inc. 8.62%
- JPMorgan Chase Co. 6.70%
- Bayer AG 4.73%
- Fidelity Government Portfolio 4.53%
- FedEx Corp. 4.21%
- PGE Corp. 3.86%
- Exxon Mobil Corp. 3.68%
- Simon Property Group, Inc. 3.63%
Asset Allocation
Weighting | Return Low | Return High | USPVX % Rank | |
---|---|---|---|---|
Stocks | 95.38% | 4.16% | 102.49% | 87.85% |
Cash | 4.62% | 0.00% | 17.28% | 9.25% |
Preferred Stocks | 0.00% | 0.00% | 13.68% | 95.33% |
Other | 0.00% | -2.59% | 39.89% | 91.03% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 95.21% |
Bonds | 0.00% | 0.00% | 97.99% | 95.42% |
Stock Sector Breakdown
Weighting | Return Low | Return High | USPVX % Rank | |
---|---|---|---|---|
Technology | 21.07% | 0.00% | 54.02% | 4.81% |
Financial Services | 19.69% | 0.00% | 58.05% | 45.85% |
Healthcare | 17.05% | 0.00% | 30.08% | 56.42% |
Consumer Defense | 13.72% | 0.00% | 34.10% | 12.36% |
Energy | 10.74% | 0.00% | 54.00% | 19.43% |
Industrials | 7.79% | 0.00% | 42.76% | 85.66% |
Utilities | 3.09% | 0.00% | 27.04% | 68.87% |
Communication Services | 2.73% | 0.00% | 26.58% | 85.28% |
Real Estate | 2.26% | 0.00% | 90.54% | 57.92% |
Consumer Cyclical | 1.85% | 0.00% | 22.74% | 95.75% |
Basic Materials | 0.00% | 0.00% | 21.69% | 99.62% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | USPVX % Rank | |
---|---|---|---|---|
US | 95.38% | 4.16% | 102.49% | 69.35% |
Non US | 0.00% | 0.00% | 24.08% | 95.51% |
USPVX - Expenses
Operational Fees
USPVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.72% | 0.03% | 14.82% | 12.01% |
Management Fee | 1.00% | 0.00% | 1.50% | 99.16% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 59.08% |
Administrative Fee | N/A | 0.00% | 0.50% | 52.33% |
Sales Fees
USPVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 46.10% |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
USPVX 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.
USPVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 18.00% | 0.00% | 488.00% | 17.49% |
USPVX - Distributions
Dividend Yield Analysis
USPVX | Category Low | Category High | USPVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.57% | 0.00% | 16.67% | 93.08% |
Dividend Distribution Analysis
USPVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
USPVX | Category Low | Category High | USPVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.09% | -1.51% | 4.28% | 94.83% |
Capital Gain Distribution Analysis
USPVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2023 | $0.180 | OrdinaryDividend |
Dec 05, 2022 | $0.121 | OrdinaryDividend |
Nov 21, 2019 | $0.281 | OrdinaryDividend |
Nov 21, 2019 | $0.059 | CapitalGainLongTerm |
Dec 28, 2018 | $0.150 | CapitalGainLongTerm |
Dec 28, 2018 | $0.195 | OrdinaryDividend |
Dec 27, 2017 | $0.154 | CapitalGainLongTerm |
Dec 27, 2017 | $0.025 | OrdinaryDividend |
Dec 12, 2016 | $0.343 | CapitalGainLongTerm |
Dec 12, 2016 | $0.076 | OrdinaryDividend |
Dec 10, 2015 | $0.264 | CapitalGainLongTerm |
Dec 10, 2015 | $0.078 | OrdinaryDividend |
Dec 29, 2014 | $0.204 | CapitalGainLongTerm |
Dec 29, 2014 | $0.100 | OrdinaryDividend |
Dec 27, 2013 | $0.011 | CapitalGainShortTerm |
Dec 27, 2013 | $0.270 | CapitalGainLongTerm |
Dec 27, 2012 | $0.000 | CapitalGainShortTerm |
Dec 27, 2012 | $0.076 | OrdinaryDividend |
Dec 28, 2011 | $0.008 | OrdinaryDividend |
Dec 28, 2011 | $0.002 | CapitalGainShortTerm |
USPVX - Fund Manager Analysis
Managers
Bernard McGinn
Start Date
Tenure
Tenure Rank
Dec 30, 2010
11.42
11.4%
Bernard F. McGinn, CFA, is Chief Investment Officer of Union Street Partners, LLC and Chief Investment Officer of McGinn Investment Management, Inc. He began his over 25-year career in the investment profession as a registered representative with Merrill Lynch and later with Kidder Peabody. Mr. McGinn founded McGinn Investment Management, Inc. in 1991.
R. McCoy Penninger
Start Date
Tenure
Tenure Rank
Feb 01, 2015
7.33
7.3%
Mr. Penninger is Vice President of McGinn Investment Management, Inc. He holds an M.B.A. from the George Washington University and a B.A. in Economics from Sewanee: The University of the South.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.12 | 6.71 |