ACMSX — Argent Small Cap Fund
Data updated: 2022-11-29
ACMSX — Argent Small Cap Fund. United States Small Cap Blend / Core Equity · $13.50M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
ACMSX Fund Overview
ACMSX — Argent Small Cap Fund is a US mutual fund managed by Manager Directed Portfolios, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Manager Directed Portfolios
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $13.50M
- 1-year return: -29.5%
- Ticker: ACMSX
- SEC CIK: 0001359057
- SEC series ID: S000063161
- Share class ID: C000204775
ACMSX Investment Objective and Strategy
Argent Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Manager Directed Portfolios.
Investment objective
"The Argent Small Cap Fund (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"The Fund invests primarily in a diversified portfolio of common stocks of U.S. small-capitalization (""small-cap"") companies. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-cap companies. The Fund considers small-cap companies to be those that, at the time of investment, are in the capitalization range of $50 million to the largest company in the Russell 2000 Index. The Fund will generally hold 60 to 80 stocks identified by the Fund's investment advisor, Argent Capital Management LLC (the ""Advisor"") through its active, bottom-up fundamental investment research process, which employs quantitative screening to identify incremental changes in fundamentals and qualitative research and analysis, emphasizing valuation and anticipating change to identify overlooked and underappreciated stocks in the small-cap universe.
The Fund will invest in companies that, in the Advisor's opinion, are undergoing positive fundamental change that is expected to result in superior returns over the long term and exhibit attractive reward opportunities when compared to the risk of investment. The Fund's investment strategy is a ""core"" approach. The Fund is comprised of ""core growth"" stocks, which are companies with earnings and sales growth that are above the average compared to the market, and that continue to reinvest in their business to seek further growth. The Fund also holds ""core value"" stocks, which are companies trading at significant discounts and are deemed to be undervalued by the market. The Fund incorporates a broad spectrum of investment opportunities in the small capitalization universe. The Advisor will sell an investment when the stock reaches the target value determined by the Advisor, if fundamentals supporting the stock's value deteriorate, or when a better investment opportunity becomes available."
ACMSX Performance
Total returns for ACMSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -29.5% |
| 3 years (annualised) | -8.2% |
ACMSX Risk Information
Risk metrics for ACMSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.1%
ACMSX Costs and Fees
ACMSX costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.63%
- Portfolio turnover: 33%
- Brokerage commissions: 8.20 bps of average net assets (SEC N-CEN)
ACMSX Cashflows
Over the 12 months to 2022-09, Argent Small Cap Fund had net inflows of $5.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $670.96K |
| 2022-08 | $256.43K |
| 2022-07 | $31.58K |
| 2022-06 | $2.24M |
| 2022-05 | $118.53K |
| 2022-04 | $335.44K |
ACMSX Debt Constituents
No individual debt constituents are reported in Argent Small Cap Fund's latest SEC N-PORT filing.
ACMSX Prospectus and SEC Filings
Official Argent Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-04-27
- Prospectus (485BPOS) — filed 2020-05-06
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Portfolio holdings (N-PORT) — filed 2022-08-29
- Portfolio holdings (N-PORT) — filed 2022-05-18
- Annual census (N-CEN) — filed 2022-03-14
- Annual census (N-CEN) — filed 2021-03-16
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.