AISOX — Affinity Small Cap Fund
Data updated: 2019-10-15
AISOX — Affinity Small Cap Fund. Small Cap Blend / Core Equity · 1.75% expense ratio. Holdings, fees, performance and SEC filings.
AISOX Fund Overview
AISOX — Affinity Small Cap Fund is a US mutual fund managed by Two Roads Shared Trust, categorised as 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: Two Roads Shared Trust
- Category: Small Cap Blend / Core Equity
- Ticker: AISOX
- SEC CIK: 0001552947
- SEC series ID: S000050225
- Share class ID: C000158552
AISOX Investment Objective and Strategy
Affinity Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Affinity Small Cap Fund (the Fund) seeks to provide capital growth and income.
Principal investment strategy
The Fund normally invests at least 80% of its assets in common stocks and other equity securities of small capitalization companies, including exchange-traded funds (ETFs) which, in turn, invest in small capitalization companies. The Fund generally considers a company to be small capitalization if, at the time of purchase, the companys capitalization is within the market capitalization range of the Russell 2000 Total Return Index (the Russell 2000 Index), a small cap index. Stocks in the Russell 2000 Index are weighted according to their market capitalization (the number of shares outstanding multiplied by the stocks current price). As of November 1, 2018, the market capitalization range of the Russell 2000 Index was between $13 million to $6.7 billion. The Fund may invest up to 20% of its assets in American Depositary Receipts (ADRs).
The Fund selects stocks that it believes are undervalued and has strong earnings and/or revenue momentum and relative strength. In selecting securities, the Fund employs a disciplined approach to equity investing based on both quantitative modeling and fundamental analysis. The Fund employs a quantitative, algorithm-based model that evaluates, ranks and monitors stocks included in the Russell 2000 Index based on factors such as valuation, earnings, revenues and price momentum. Using this multi-factor analysis, the model ranks stocks within each economic sector of the Russell 2000 Index. Stocks ranked in the top quartile of each sector are identified as buy candidates, and stocks ranked in the bottom quartile are identified as sell candidates. The Fund conducts further fundamental analysis on the stocks identified as buy candidates to confirm the attractiveness of the companies and identify possible weaknesses that are not reflected in the model.
Stocks identified by the model as sell candidates are typically sold when the Funds assessments of capital growth and income potential of such securities materially change.
AISOX Costs and Fees
AISOX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 3.35%
- Portfolio turnover: 40%
- Brokerage commissions: 12.19 bps of average net assets (SEC N-CEN)
AISOX Debt Constituents
No individual debt constituents are reported in Affinity Small Cap Fund's latest SEC N-PORT filing.
AISOX Prospectus and SEC Filings
Official Affinity Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other 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.