ALAMX – Alambic Small Cap Value Plus Fund

Download ALAMX – Alambic Small Cap Value Plus Fund Info Sheet

The Alambic Small Cap Value Plus Fund seeks long-term capital appreciation by investing predominately in securities of smaller capitalization companies, those companies that have a market cap equal to or less than the largest company in the Russell 2000 Index®.

The Fund’s objective is to generate returns that over time exceed those of its benchmark, the Russell 2000 Value Index®. Alambic’s stock selection methodology relies on the systematic application of fundamental equity research principles across the universe of Russell 2000® stocks. Alambic’s proprietary return forecasting model identifies investment opportunities based on valuation, quality and growth factors that were formulated by the portfolio managers based on decades of equity research experience and rigorous statistical and historical testing. The resulting portfolio consists of a relatively large number of small positions and although its turnover is high relative to our peer group, the portfolio is expected to be relatively tax efficient. Alambic Investment Management, LP was founded in 2006 by Albert Richards and Brian Thompson.

Link to Morningstar *

*The above link is provided for informational purposes based on publicly available information from sources we believe to be reliable – we cannot assure the accuracy or completeness of the information. The information can change at any time without notice.

Ticker: ALAMX
CUSIP: 90386H768
Minimum Investment: $5,000
Inception Date 8/31/2015
Net Expense Ratio: 0.95%
Gross Expense Ratio: 6.65%

Data as of 06/30/20183M Change6M ChangeYTD Change1-Year
Russell 2000 Value Index TR8.30%5.44%5.44%13.10%
Data as of 06/30/20182017Q12017Q22017Q32017Q42018Q12018Q2Since ALAMX
Inception (Annualized)
Russell 2000 Value Index TR-0.13%0.67%5.11%2.05%-2.64%8.30%16.23%

Quarterly Performance vs. Benchmark

Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that 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 data quoted. For performance information current to the most recent month end, call Shareholder Services at 1-888-890-8988.

Russell Investment Group is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes.  Russell® is a trademark of Russell Investment Group.

Expense Waivers: Alambic Investment Management, L.P. has contractually agreed, until August 31, 2018, to waive Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding brokerage costs; taxes; interest; acquired fund fees and expenses) to 0.95% of the Fund’s average daily net assets. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of three years after such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to August 31, 2018, this agreement may not be modified or terminated without the approval of the Board.

Investment Risks: Investment in the Fund is subject to investment risks, including, without limitation, active management risk, equity securities risk, convertible stock risk, preferred stock risk, REIT risk, small-cap risk, foreign securities risk, ADR risk, quantitative model risk, issuer risk, new fund and manger risk, portfolio turnover risk, and value investing risk. For more information about the Fund, including the Fund’s objectives, charges, expenses and risks (including more information about the risks listed above), please read the prospectus.

Index Definitions: Russell 2000® Index is an index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index. You cannot invest directly in an index.Russell 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.