PPM Small Cap Value Fund

Data updated: 2021-05-27

C000198341 — PPM Small Cap Value Fund. United States Small Cap Value Equity · $9.92M AUM · 1.00% expense ratio. Holdings, fees, performance and SEC filings.

C000198341 Fund Overview

PPM Small Cap Value Fund is a US mutual fund managed by PPM Funds, categorised as United States Small 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 Small Cap Value Equity
Assets under management: $9.92M
1-year return: 107.5%
SEC CIK: 0001722478
SEC series ID: S000061243
Share class ID: C000198341

C000198341 Investment Objective and Strategy

PPM Small 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 objective 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 within the range of securities of the S&P SmallCap 600 Index (Index) at the time of initial purchase. The market capitalization range of the Index will vary with market conditions over time, and was $96 million to $9.4 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 stock, 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.

C000198341 Performance

Total returns for C000198341 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	107.5%

C000198341 Risk Information

Risk metrics for C000198341, derived from monthly returns in SEC filings.

1-year volatility (annualised): 23.3%

C000198341 Costs and Fees

C000198341 costs about $100 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.00%
Gross expense ratio: 1.14%
Portfolio turnover: 40%
Brokerage commissions: 14.76 bps of average net assets (SEC N-CEN)

C000198341 Cashflows

Over the 12 months to 2021-03, PPM Small Cap Value Fund had net outflows of $5.90M, from monthly SEC N-PORT filings.

Month	Net flow
2021-03	−$6.75M
2021-02	$108.19K
2021-01	$35.00K
2020-12	−$2.17M
2020-11	$85.77K
2020-10	−$1.34M

C000198341 Debt Constituents

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

C000198341 Prospectus and SEC Filings

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

Related Funds

Other United States Small Cap 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.