facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck

MUTUAL FUNDS

All Cap Value Fund 

The Advisory Research All Cap Value Fund invests in equity securities across all market capitalizations that we believe are profitable, asset rich, conservatively capitalized and maintain high-quality balance sheets.

                      

The investment process focuses on the downside protection and upside potential of individual securities. Downside protection may be discovered through extensive fundamental analysis of companies in order to determine a security’s true net asset value. The team determines upside potential in a particular company through qualitative analysis utilizing senior management interviews, company visits and competitive analysis.

Fund Facts
TickerADVGX
CUSIP461418816
Inception11/16/2009
Minimum Investment$2,500
Net Expense Ratio1.00%
Gross Expense Ratio1.78%
Portfolio ManagersMatt Swaim Bruce Zessar Chris Harvey

Sector Allocation
Top 10 Holdings
Delta Air Lines, Inc.4.46%
Chevron Corp.4.24%
Fortune Brands Home & Security, Inc.4.24%
Alphabet, Inc.4.21%
TJX Cos., Inc.4.13%
First Interstate BancSystem, Inc.4.00%
American Express Co.3.88%
TE Connectivity, Ltd.3.82%
TriMas Corp.3.81%
Berkshire Hathaway, Inc.3.78%
Total40.57%

Performance as of Aug 31, 2019

Monthly Fund Performance

1 MonthYear to Date1 Year3 Year5 YearSince Inception*
All Cap Value Fund-4.24%16.51%3.87%13.03%8.46%11.12%
Russell 3000 Value-3.12%13.31%-0.56%7.89%6.46%10.83%

Performance as of Jun 30, 2019

Quarterly Fund Performance

3 MonthsYear to Date1 Year3 Year5 YearSince Inception*
All Cap Value Fund7.20%18.37%14.27%15.37%8.80%11.51%
Russell 3000 Value3.68%16.05%7.34%10.19%7.31%11.30%

The fund's net expense ratio is 1.00% and the gross expense ratio is 1.78%.

* Fund inception date is 11/16/2009.

All data as of the most recent quarter-end unless otherwise stated.

Performance for periods over one year is annualized. The performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. A redemption fee of 2.00% will be imposed on redemptions of Fund shares owned less than 90 days.

The Fund’s advisor has contractually agreed to waive its fees and/or absorb expenses of the Fund to ensure that total annual fund operating expenses (excluding taxes, leverage interest, brokerage commissions, dividend expenses on short sales, acquired fund fees and expenses as determined in accordance with Form N-1A, expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation) do not exceed “Gross Expense Ratio” listed on the Portfolio tab. This agreement is in effect until March 31, 2020, and it may be terminated before that date only by the Trust’s Board of Trustees. The Fund’s advisor is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid for three years from the date of any such waiver or payment.

The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. It is not possible to invest in an index.


Commentary
Prospectus and SAI
Reports
Applications/Forms

View a list of glossary terms

Matthew Swaim, CFA

Managing Director, Portfolio Manager & Research Analyst

Matt Swaim

Matthew Swaim, with 19 years of investment experience, serves as a Managing Director, Portfolio Manager and Chair of the Executive Committee. Prior to joining the firm, he 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 Indiana University’s Kelley School of Business. Matthew is a Chartered Financial Analyst (CFA®) charterholder and has passed the Uniform CPA Examination.

Bruce Zessar, JD, CFA

Managing Director, Portfolio Manager & Research Analyst

Bruce Zessar

Bruce Zessar, with 17 years of investment experience, serves as a Managing Director of Advisory Research. Prior to joining the firm, 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.

Chris Harvey, CFA

Managing Director, Portfolio Manager & Research Analyst

Chris Harvey

Chris Harvey, with 19 years investment experience, serves as a Managing Director of Advisory Research. Prior to joining the firm, he 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.