CCMSX Performance — Cardinal Small Cap Value Fund, Institutional Class
Data updated: 2024-09-27
CCMSX returned +18.55% over one year to Jul 2024. The annualised 3-year return is +1.91%. Against its US Small Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $106, against $121 for the category, and to $119 over one year, against $116. Volatility over the past three years was 21.19% a year. In the 12 months to Jul 2024 the fund took in a net $12.5M, and assets reached $28.91M.
CCMSX Growth of $100
What $100 invested in Cardinal Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | CCMSX | Category average |
|---|---|---|
| 1 year (Aug 2023 – Jul 2024) | $119 | $116 |
| 3 years (Aug 2021 – Jul 2024) | $106 | $121 |
| Since data start (Feb 2020 – Jul 2024) | $129 | $167 |
CCMSX Trailing Returns
Total returns to Jul 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +18.55% |
| 3 years (annualised) | +1.91% |
CCMSX Annual Returns
Calendar-year total returns of Cardinal Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jul) | +24.48% |
| 2023 | −8.82% |
| 2022 | −11.69% |
| 2021 | +39.97% |
| 2020 (Feb–Dec) | −7.87% |
CCMSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +7.6% | −5.5% | +4.4% | +4.2% | +8.8% | −1.1% | +4.5% | — | — | — | — | — |
| 2023 | +2.9% | −1.9% | −7.4% | −3.4% | +4.0% | +7.6% | −5.3% | −4.6% | −5.1% | −2.7% | −1.6% | +9.8% |
| 2022 | −3.8% | −7.7% | −1.4% | +2.6% | +8.2% | −9.0% | +2.8% | +11.5% | −11.7% | −3.6% | +10.3% | −7.3% |
| 2021 | +16.5% | +3.4% | +3.9% | +8.6% | −0.9% | −2.8% | +1.2% | +2.9% | −1.5% | +1.6% | −4.0% | +6.8% |
| 2020 | — | +15.2% | −29.5% | −9.4% | +2.1% | +2.7% | +3.2% | +2.6% | −5.7% | +5.1% | +4.7% | +8.7% |
CCMSX Risk
Risk measures from monthly returns over Aug 2021 – Jul 2024.
- 3-year volatility (annualised): 21.19%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +11.55% (Aug 2022)
- Worst month: −11.68% (Sep 2022)
CCMSX Fund Flows
Monthly money in and out of Cardinal Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $12.5M
- 12-month gross sales (incl. reinvestments): $14.8M
- Sales ÷ redemptions: 6.55×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2024 | $10K | $423K | −$414K |
| Jun 2024 | $6K | $336K | −$330K |
| May 2024 | $11K | $1.0M | −$1.0M |
| Apr 2024 | $321K | $1.1M | −$800K |
| Mar 2024 | $28K | $2.3M | −$2.3M |
| Feb 2024 | $14K | $2.5M | −$2.5M |
| Jan 2024 | $57K | −$1.0M | $1.1M |
| Dec 2023 | $14.1M | −$424K | $14.5M |
| Nov 2023 | $84K | −$2.7M | $2.8M |
| Oct 2023 | $53K | −$177K | $231K |
| Sep 2023 | $39K | −$671K | $711K |
| Aug 2023 | $30K | −$427K | $457K |
CCMSX Assets Under Management
Net assets of Cardinal Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-07-31 | $28.91M |
| 2024-04-30 | $27.42M |
| 2024-01-31 | $32.00M |
| 2023-10-31 | $19.54M |
| 2023-07-31 | $23.42M |
| 2023-04-30 | $66.12M |
| 2023-01-31 | $82.00M |
| 2022-10-31 | $93.34M |
| 2022-07-31 | $105.09M |
| 2022-04-30 | $107.02M |
| 2022-01-31 | $116.30M |
| 2021-10-31 | $116.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.