CCMSX — Cardinal Small Cap Value Fund
Data updated: 2024-09-27
CCMSX — Cardinal Small Cap Value Fund. United States Small Cap Value Equity · $28.91M AUM · 0.99% expense ratio. Holdings, fees, performance and SEC filings.
CCMSX Fund Overview
CCMSX — Cardinal Small Cap Value Fund is a US mutual fund managed by Advisors' Inner Circle Fund II, 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: Advisors' Inner Circle Fund II
- Category: United States Small Cap Value Equity
- Assets under management: $28.91M
- 1-year return: 18.5%
- Ticker: CCMSX
- SEC CIK: 0000890540
- SEC series ID: S000044747
- Share class ID: C000139045
CCMSX Investment Objective and Strategy
Cardinal Small Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund II.
Investment objective
The Cardinal Small Cap Value Fund (the Fund) seeks to achieve long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small capitalization companies. The Adviser defines small capitalization companies as companies with market capitalizations, at the time of acquisition, within the range of market capitalizations of companies constituting the Russell 2000 Index. The securities in which the Fund invests are primarily common stock and real estate investment trusts (REITs). The Adviser uses a value investment strategy based on proprietary fundamental research. Value investing involves buying stocks that, in the view of the Adviser, are out of favor or undervalued relative to their peers. The Adviser emphasizes companies with the ability to generate discretionary cash flow after spending what is required to maintain the business at its current level of revenue, and to redeploy such cash flow to enhance value.
The Adviser also looks for the following characteristics: Stable and predictable business model Motivated and competent management Unduly depressed valuation Catalyst for positive market revaluation To manage risk, the Adviser seeks to adhere to a strong buy, hold and sell discipline. The Adviser may sell a security if (1) its expected return falls below certain levels due to price appreciation, (2) its market capitalization appreciates above the range of small capitalization securities, (3) there are, in the view of the Adviser, adverse changes in the fundamentals of the issuer, (4) the Adviser believes that the business model of the issuer becomes unpredictable, or (5) the Adviser believes better relative value exists elsewhere.
CCMSX Holdings
Top 10 holdings of Cardinal Small Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dt Midstream, Inc. | 4.43% |
| Bwx Technologies, Inc. | 4.16% |
| Silgan Holdings Inc. | 3.98% |
| Cbiz, Inc. | 3.93% |
| Ligand Pharmaceuticals Incorporated | 3.90% |
| Nexstar Media Group, Inc. | 3.76% |
| Technipfmc PLC | 3.61% |
| First Merchants Corporation | 3.40% |
| FB Financial Corporation | 3.24% |
| Starwood Property Trust, Inc. | 3.16% |
CCMSX Portfolio Allocation
Asset-class allocation of Cardinal Small Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.1% |
| Cash & Equivalents | 5.1% |
CCMSX Performance
Total returns for CCMSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 18.5% |
| 3 years (annualised) | 1.9% |
CCMSX Risk Information
Risk metrics for CCMSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.5%
CCMSX Costs and Fees
CCMSX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.24%
- Portfolio turnover: 29%
- Brokerage commissions: 19.71 bps of average net assets (SEC N-CEN)
CCMSX Cashflows
Over the 12 months to 2024-07, Cardinal Small Cap Value Fund had net inflows of $12.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | −$413.51K |
| 2024-06 | −$329.80K |
| 2024-05 | −$1.04M |
| 2024-04 | −$800.31K |
| 2024-03 | −$2.30M |
| 2024-02 | −$2.45M |
CCMSX Debt Constituents
No individual debt constituents are reported in Cardinal Small Cap Value Fund's latest SEC N-PORT filing.
CCMSX Prospectus and SEC Filings
Official Cardinal Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2024-03-29
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-17
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.