3 / 5 Stars
4 2 3 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#22 in Small Value
U.S. News evaluated 119 Small Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 14.06 percent over the past year, 13.37 percent over the past three years, 36.15 percent over the past five years, and 8.86 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||-1.5%|
|3 Years (Annualized)||13.4%|
|5 Years (Annualized)||36.2%|
|10 Years (Annualized)||8.9%|
Many of Aegis Value's holdings aren't far removed from being penny stocks.
As of April 22, 2014, the fund has assets totaling almost $271.91 million invested in 81 different holdings. Its portfolio consists of shares of small companies.
This fund takes its mandate to invest in small companies quite seriously. As of the end of May, upwards of 72 percent of its portfolio was invested in micro-cap stocks. That compares to an average of 6 percent among the funds in Morningstar's small value category. As recently as 2009, the fund's micro-cap exposure accounted for 90 percent of its assets. Some of the fund's holdings are virtually penny stocks. Take, for instance, Fibrek, Inc., which as of August 11 was trading at just above a dollar per share. Smaller companies tend to be quite volatile, and this fund's returns exemplify that pattern. After losing 51 percent in 2008, for instance, the fund gained 91 percent in 2009. The fund has returned 14.06 percent over the past year and 13.37 percent over the past three years.
Since 2001, the fund has finished three separate years in the top 5 percent of its Morningstar category. But it has also finished two years in the bottom three percent. Over time, however, the good has outweighed the bad. Still, this fund is not for the faint of heart. The fund has returned 36.15 percent over the past five years and 8.86 percent over the past decade.
According to the fund's prospectus: "The Fund invests primarily in domestic common stocks that the Fund's investment advisor ... believes are significantly undervalued relative to the market based on fundamental accounting measures including book value (assets less liabilities), revenues, or cash flow. This strategy is commonly known as a 'deep value' investment strategy."
Role in Portfolio
Morningstar calls the fund a "supporting player."
Scott Barbee manages the fund.
Aegis Value Fund has an expense ratio of 1.38 percent.
Like all stock funds, this one comes with some risks.