PPM Large Cap Value Fund

C000198339 Fund Overview

PPM Large Cap Value Fund is a US mutual fund managed by PPM Funds, categorised as United States Large Cap 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: PPM Funds
• Category: United States Large Cap Value Equity
• Assets under management: $8.24M
• SEC CIK: 0001722478
• SEC series ID: S000061241
• Share class ID: C000198339

C000198339 Investment Objective and Strategy

PPM Large Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PPM Funds.

Investment objective

The Fund seeks to achieve long-term growth of capital.

Principal investment strategy

The Fund seeks to achieve its objectives by investing under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in a diversified portfolio of equity securities of US companies with market capitalizations within the range of securities constituting the S&P 500 Index (Index) at the time of initial purchase. The market capitalization range of the Index will vary with market conditions over time, and was $3.4 billion to $868.9 billion as of December 31, 2017. If the market capitalization of a company held by the Fund moves outside the then-current Index range, the Fund may, but is not required to, sell such companys securities. Equity securities include common and preferred stocks and securities with economic characteristics similar to those of common stocks, such as rights and warrants.

PPM employs a value investing style that seeks to uncover investment opportunities that trade at significant discounts relative to the market. PPM utilizes fundamental research with a focus on bottom up security selection using a range of quantitative and qualitative factors. These factors include a companys financial condition, competitive position and management team strength. The investment process is focused on appraising companies rather than forecasting earnings. This process involves understanding the reasons why securities are undervalued and identifying potential for positive change. With a focus on security selection, sector and industry weightings are primarily the residual of bottom-up stock selection.

C000198339 Costs and Fees

C000198339 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.95%
• Portfolio turnover: 29%
• Brokerage commissions: 3.44 bps of average net assets (SEC N-CEN)

C000198339 Cashflows

Over the 12 months to 2020-09, PPM Large Cap Value Fund had net inflows of $1.30M, from monthly SEC N-PORT filings.

C000198339 Debt Constituents

No individual debt constituents are reported in PPM Large Cap Value Fund's latest SEC N-PORT filing.

C000198339 Prospectus and SEC Filings

Official PPM Large Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-05-14
• Prospectus (485BPOS) — filed 2019-05-14
• Prospectus (485BPOS) — filed 2018-05-08
• Portfolio holdings (N-PORT) — filed 2020-11-24
• Portfolio holdings (N-PORT) — filed 2020-08-28
• Portfolio holdings (N-PORT) — filed 2020-05-29
• Annual census (N-CEN) — filed 2020-03-13
• Annual census (N-CEN) — filed 2019-03-15

Related Funds

Other United States Large Cap Value Equity funds tracked on ABC INVEST:

• Vanguard Value Index Fund (VIVAX)
• Washington Mutual Investors Fund (AWSHX)
• Investment CO Of America (AIVSX)
• American Mutual Fund (AMRMX)
• Vanguard High Dividend Yield Index Fund (VYM)

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.