CornerCap Small-Cap Value Fund
Data updated: 2025-06-16
C000238278 — CornerCap Small-Cap Value Fund. United States Small Cap Value Equity · $120.68M AUM. Holdings, fees, performance and SEC filings.
C000238278 Fund Overview
CornerCap Small-Cap Value Fund is a US mutual fund managed by Managed Portfolio Series, 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: Managed Portfolio Series
- Category: United States Small Cap Value Equity
- Assets under management: $120.68M
- 1-year return: 8.7%
- SEC CIK: 0001511699
- SEC series ID: S000077752
- Share class ID: C000238278
C000238278 Investment Objective and Strategy
CornerCap Small-Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.
Investment objective
The CornerCap Small-Cap Value Fund (the Fund) seeks long-term capital appreciation
Principal investment strategy
The Fund normally invests more than 80% of its net assets (including borrowings for investment, if any) in equity securities of small-cap U.S. companies. The Adviser defines small-cap companies as those companies with market capitalizations within the range of the Russell 2000 Index at the time of purchase. The market capitalization range of the Russell 2000 Index is expected to change frequently. As of June 30, 2024, the market capitalization range of the Russell 2000 Index was between approximately $8.0 million and $48.0 billion. The Fund may also invest in real estate investment trusts (REITs) that are a part of the Funds investable universe. The Adviser uses Fundametrics to select stocks for the Fund. Fundametrics is the Advisers proprietary, quantitative research system. Fundametrics first evaluates all stocks in the Funds investable universe (U.S.
domestic small-cap stocks) and groups companies with similar business models and characteristics into custom peer groups. Each peer group is then evaluated with respect to over 200 fundamental factors across all major styles (value, growth, growth at a reasonable price, price momentum, quality and risk) to find the optimized risk adjusted mix ( i.e. , to determine unbiasedly which blends of factors are best for each peer group). Overall, valuation generally maintains the highest weight and greatest importance within a peer group, but otherwise each peer group can have fundamental factor and style representation that is unique from the other peer groups. For example, the Software peer group generally has a higher representation of growth factors versus other peer groups, while the Banks peer group generally has a higher representation of value factors versus other peer groups.
The Fundametrics Alpha Composite (Alpha Composite) is designed to identify alpha stocks, which are stocks considered to have the potential for returns in excess of the Funds benchmark over time ( i.e. , excess returns). It is comprised of two parts, the universe composite and the peer group composite. The universe composite ranks a company against all stocks in the Funds investable universe and helps to determine sector allocations to over or underweight, while the peer group composite ranks each stock amongst its peers for stronger stock selection. The Fundametrics Financial Warnings Overlay (Financial Warnings Overlay) is then applied to the Funds investable universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to underperformance.
The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise rank attractively in the Alpha Composite. The Fund typically buys stocks that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay and, as a final analysis, improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk. A stock is determined to carry unreasonable risk when it accumulates multiple exceptions or warnings within the Financial Warnings Overlay. Warnings are customized by peer group. For example, the Banks peer group will have different risk factors tied to loan quality and capital levels that would not be relevant to Software peer group.
Buy and sell decisions are determined by the rankings produced by the Alpha Composite and the Financial Warnings Overlay. All parameters set within Fundametrics , including the Alpha Composite and Financial Warnings Overlay, to generate the Funds portfolio are set at the full discretion of the Adviser based upon the Advisers beliefs regarding the proper approach to constructing a portfolio to meet the Funds investment objective. In addition, the Adviser, in its sole discretion, will continue to test, evaluate and modify these parameters over time. The Adviser selects securities from among approximately 1,950 issuers ranked according to fundamental factors using the Advisers Alpha Composite. Among other fundamental factors, the Alpha Composite model emphasizes the following three key fundamental factors when choosing equity securities with the potential for excess returns: relative valuation ( i.e.
, a stocks valuation relative to its history); earnings growth rates, including the evaluation of both historic and forecasted rates over multiple time periods; and cash flow, including the evaluation of cash flow over historic, current and forecasted time periods. From time to time, the Fund may have an allocation of greater than 25% to companies in the same economic sector, including the financial sector. The Fund may lend its portfolio securities to brokers, dealers, and other financial organizations. These loans, if and when made, may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). By lending its securities, the Fund may increase its income by receiving payments from the borrower. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Funds principal investment strategies in an attempt to respond to adverse market, economic, political or other conditions.
C000238278 Holdings
Top 10 holdings of CornerCap Small-Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Government Obli | 4.91% |
| Olo Inc | 0.73% |
| Exelixis Inc | 0.69% |
| Smartsheet Inc | 0.63% |
| CrossFirst Bankshares Inc | 0.59% |
| United Therapeutics Corp | 0.59% |
| HealthEquity Inc | 0.59% |
| Western Alliance Bancorp | 0.59% |
| Addus HomeCare Corp | 0.58% |
| Newell Brands Inc | 0.57% |
C000238278 Portfolio Allocation
Asset-class allocation of CornerCap Small-Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 4.9% |
C000238278 Performance
Total returns for C000238278 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.7% |
| 3 years (annualised) | 15.1% |
C000238278 Risk Information
Risk metrics for C000238278, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.9%
C000238278 Costs and Fees
C000238278 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.11%
- Portfolio turnover: 111%
C000238278 Cashflows
Over the 12 months to 2024-12, CornerCap Small-Cap Value Fund had net outflows of $18.45M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$844.24K |
| 2024-11 | −$6.91M |
| 2024-10 | −$3.12M |
| 2024-09 | −$1.22M |
| 2024-08 | −$522.27K |
| 2024-07 | −$1.28M |
C000238278 Debt Constituents
No individual debt constituents are reported in CornerCap Small-Cap Value Fund's latest SEC N-PORT filing.
C000238278 Prospectus and SEC Filings
Official CornerCap Small-Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus (485BPOS) — filed 2023-07-27
- Prospectus (485BPOS) — filed 2022-11-10
- Portfolio holdings (N-PORT) — filed 2025-02-27
- Portfolio holdings (N-PORT) — filed 2024-11-25
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Annual census (N-CEN) — filed 2025-06-16
- Annual census (N-CEN) — filed 2024-06-13
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.