Hillman Value Fund
Data updated: 2021-02-25
C000028969 — Hillman Value Fund. United States Value Equity · $132.24M AUM · 0.95% expense ratio. Holdings, fees, performance and SEC filings.
C000028969 Fund Overview
Hillman Value Fund is a US mutual fund managed by Hillman Capital Management Investment Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Hillman Capital Management Investment Trust
- Category: United States Value Equity
- Assets under management: $132.24M
- 1-year return: 5.6%
- SEC CIK: 0001122649
- SEC series ID: S000010501
- Share class ID: C000028969
C000028969 Investment Objective and Strategy
Hillman Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hillman Capital Management Investment Trust.
Investment objective
"The Hillman Fund (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"In seeking to achieve its objective, the Fund invests primarily in common stocks of U.S. companies which the Advisor believes have qualitative and quantitative competitive advantages, as described below, and have temporarily fallen out of favor for reasons that are considered non-recurring or short-term; whose value is not currently well known; or whose value is not fully recognized by the public. In selecting investments for the Fund, the Advisor first looks at qualitative measures of a company. Qualitative measures of a company include: dominance in a particular industry or niche market; management style and adaptability; strength of pricing and purchasing power; barriers to industry competition; strength of brand or franchise with commensurate brand loyalty; and quality of products and services.
If certain companies meet most or all of the qualitative measures, the Advisor then seeks to identify which of those companies possess certain positive quantitative measures and which of those companies the Advisor feels show superior prospects for growth. The Advisor may make investments without regard to market capitalization. These companies may , in the view of the Advisor, exhibit positive changes such as a promising new product, new distribution strategy, new manufacturing technology, new management team, or new management philosophy. These companies may also be responsible for technological breakthroughs and/or unique solutions to market needs. The q uantitative measures of a company include: price-to-book ratio; present value of discounted projected cash flows; balance sheet strength; price-to-sales ratio; and price-to-earnings ratio.
The Advisor allocates a target percentage of total portfolio value to each security it purchases. From time to time, the Fund may also focus the Fund's assets in securities of one or more particular sectors of the economy and may at times invest more than 25% of the Fund's net assets in a particular sector, such as the financial, healthcare, retail, and technology sectors. The Advisor may sell a portfolio holding if the Advisor believes that the price of the security is overvalued or to rebalance the security to the Advisor's targeted percentage of total portfolio value for that security. The Advisor may also sell (or ""write"") call and put options for the Fund. Besides selling options in order to receive premiums, the Advisor will seek to sell options that obligate the Fund to purchase or sell the underlying stock at a price believed to be attractive based on the qualitative and quantitative factors described above."
C000028969 Performance
Total returns for C000028969 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.6% |
C000028969 Risk Information
Risk metrics for C000028969, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 31.6%
C000028969 Costs and Fees
C000028969 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.31%
- Portfolio turnover: 30%
- Brokerage commissions: 9.55 bps of average net assets (SEC N-CEN)
C000028969 Cashflows
Over the 12 months to 2020-12, Hillman Value Fund had net inflows of $140.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-12 | $34.10M |
| 2020-11 | $6.01M |
| 2020-10 | $11.63M |
| 2020-09 | $4.41M |
| 2020-08 | $6.19M |
| 2020-07 | $9.46M |
C000028969 Debt Constituents
No individual debt constituents are reported in Hillman Value Fund's latest SEC N-PORT filing.
C000028969 Prospectus and SEC Filings
Official Hillman Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-16
- Prospectus (485BPOS) — filed 2020-02-20
- Prospectus (485BPOS) — filed 2019-02-19
- Portfolio holdings (N-PORT) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2020-11-17
- Portfolio holdings (N-PORT) — filed 2020-08-26
- Annual census (N-CEN) — filed 2020-12-11
- Annual census (N-CEN) — filed 2019-12-13
Related Funds
Other United States Value 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.