Footprints Discover Value Fund
Data updated: 2023-02-06
C000196830 — Footprints Discover Value Fund. Total Return Allocation · $2.05M AUM · 1.97% expense ratio. Holdings, fees, performance and SEC filings.
C000196830 Fund Overview
Footprints Discover Value Fund is a US mutual fund managed by MSS Series Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: MSS Series Trust
- Category: Total Return Allocation
- Assets under management: $2.05M
- 1-year return: -32.8%
- SEC CIK: 0001368578
- SEC series ID: S000060133
- Share class ID: C000196830
C000196830 Investment Objective and Strategy
Footprints Discover Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by MSS Series Trust.
Investment objective
Total return from capital appreciation and income.
Principal investment strategy
"The Fund's adviser seeks to achieve the Fund's investment objective by investing primarily in common stock and fixed income securities of domestic issuers using the adviser's ""Absolute Value"" strategy. This strategy relies upon both fundamental and technical analysis to select securities the adviser believes are undervalued and mispriced by the markets. The adviser uses qualitative and quantitative elements of fundamental analysis, including the use of internal and external resources, to identify securities currently discounted by the market such as those selling below the replacement cost of assets they represent. To determine if a company, in total, is being undervalued, the adviser's research team derives an estimate of the company's Absolute Value from key components, including management's competency, experience, culture, and ownership as well as earnings potential, free cash flow, current debt load, asset replacement cost and sector fundamentals.
Once fundamentally-screened discounted securities are identified, the adviser assesses the risk and rewards of securities of the company at various levels of the capital structure (debt or common stock). After identifying the appropriate investment vehicle within the capital structure, the adviser uses technical analysis, such as a trend-following or a momentum-based price forecast, to identify what it believes is the optimal purchase price. The Fund invests without restriction as to issuer capitalization, or the credit quality rating and maturity of fixed income securities. With respect to the fixed income portion of the Fund's portfolio, the adviser invests primarily in lower quality rated corporate debt commonly known as ""junk bonds."" Junk bonds are rated lower than Baa3 by Moody's Investors Service (""Moody's"") or lower than BBB- by Standard and Poor's Rating Group (""S&P"").
The adviser seeks capital appreciation from common and preferred stocks and fixed income securities as well as income from dividends or interest to generate total return. The Fund's adviser does not have a set asset allocation target between such equity and fixed income securities. The adviser sells a security once a price target is reached, when more attractive investments are available or to optimally re-allocate Fund assets consistent with the adviser's Absolute Value strategy. The Fund is non-diversified which means that it can invest a greater percentage of its assets in any one issue than a diversified fund."
C000196830 Performance
Total returns for C000196830 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -32.8% |
| 3 years (annualised) | 8.4% |
C000196830 Risk Information
Risk metrics for C000196830, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.4%
C000196830 Costs and Fees
C000196830 costs about $197 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.97%
- Gross expense ratio: 4.28%
- Portfolio turnover: 44%
- Brokerage commissions: 31.75 bps of average net assets (SEC N-CEN)
C000196830 Cashflows
Over the 12 months to 2022-11, Footprints Discover Value Fund had net outflows of $96.27K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-11 | $1.72K |
| 2022-10 | −$23.14K |
| 2022-09 | −$9.10K |
| 2022-08 | $4.97K |
| 2022-07 | $4.96K |
| 2022-06 | −$78.07K |
C000196830 Debt Constituents
No individual debt constituents are reported in Footprints Discover Value Fund's latest SEC N-PORT filing.
C000196830 Prospectus and SEC Filings
Official Footprints Discover Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-03-30
- Prospectus (485BPOS) — filed 2021-04-12
- Prospectus (485BPOS) — filed 2020-04-09
- Portfolio holdings (N-PORT) — filed 2023-01-17
- Portfolio holdings (N-PORT) — filed 2022-09-27
- Portfolio holdings (N-PORT) — filed 2022-06-28
- Annual census (N-CEN) — filed 2023-02-06
- Annual census (N-CEN) — filed 2022-02-14
Related Funds
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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.