CISAX — Copeland International Small Cap Fund
Data updated: 2026-07-24
CISAX — Copeland International Small Cap Fund. Developed ex-US Mid Cap Value Equity · $811.09K AUM. Holdings, fees, performance and SEC filings.
CISAX Fund Overview
CISAX — Copeland International Small Cap Fund is a US mutual fund managed by Copeland Trust, categorised as Developed ex-US Mid 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: Copeland Trust
- Category: Developed ex-US Mid Cap Value Equity
- Assets under management: $811.09K
- 1-year return: 13.4%
- Ticker: CISAX
- SEC CIK: 0001502745
- SEC series ID: S000074827
- Share class ID: C000233044
CISAX Investment Objective and Strategy
Copeland International Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Copeland Trust.
Investment objective
The Fund seeks long-term capital appreciation and income generation.
Principal investment strategy
The Fund seeks to achieve its investment objectives of long-term capital appreciation and income generation by purchasing small capitalization equities of international companies with a proven track record of consistent dividend growth. The Fund is primarily composed of common stocks, American Depositary Receipts (?ADRs?), real estate investment trusts (?REITs?) of international companies or entities, Master Limited Partnerships (?MLPs?) and cash equivalents. ADRs are investments issued by an American bank or trust company evidencing ownership of underlying securities issued by a foreign company. International companies or entities are those that trade on non-U.S. exchanges or that derive the majority of their revenue from non-U.S. sources. As an international fund, the Fund invests, under normal market conditions, in at least three different foreign countries, and at least 40% of its assets outside of the U.S.
The Fund plans to invest primarily in developed markets, and to a lesser degree in emerging markets, throughout the world. Emerging markets include all markets that are not considered to be developed markets by the MSCI World Ex USA Small Cap Index. The Fund may seek to reduce currency fluctuations by hedging its foreign currency exposure. Under normal market conditions, the Fund invests at least 80% of its net assets (including borrowings for investment purposes) in securities that pay a dividend and also have increased their dividend in the past 12 months or that the adviser expects to raise the dividend in the next 12 months. Up to 20% of the Fund?s net assets may be invested in stocks that do not meet these dividend criteria. The adviser sells securities when they no longer meet its fundamental dividend growth criteria.
The adviser may engage in active and frequent trading to meet the Fund?s investment objectives. In addition, under normal market conditions, the Fund invests at least 80% of its net assets (including borrowings for investment purposes) in small capitalization companies. The Fund?s adviser considers ?small capitalization? companies to include companies with market capitalizations, at the time of purchase, within the market capitalization range of any stock in the MSCI World Ex USA Small Cap Index. This capitalization range fluctuates and was $43 million to $14.6 billion as of February 28, 2026. As of the date of this Prospectus, the industrials sector represented a significant portion of the investments of the Fund. The Fund?s investments in various sectors may change over time.
CISAX Holdings
Top 10 holdings of Copeland International Small Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Maruwa Co. Ltd. | 2.24% |
| Halma PLC | 2.10% |
| Hill & Smith PLC | 2.05% |
| Chiba Bank Ltd. (the) | 1.80% |
| Micronics Japan Company Ltd. | 1.80% |
| Ventia Services Group Ltd. | 1.77% |
| Tfi International, Inc. | 1.77% |
| Asics Corp. | 1.74% |
| Asahi Intecc Company Ltd. | 1.69% |
| Recordati - Industria Chimica E Farmaceutica Spa | 1.58% |
CISAX Portfolio Allocation
Asset-class allocation of Copeland International Small Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.0% |
| Cash & Equivalents | 0.9% |
CISAX Performance
Total returns for CISAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.7% |
| 1 year | 13.4% |
| 3 years (annualised) | 8.8% |
CISAX Risk Information
Risk metrics for CISAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.5%
CISAX Costs and Fees
CISAX costs about $123 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.23%
- Gross expense ratio: 17.87%
- Portfolio turnover: 37%
CISAX Cashflows
Over the 12 months to 2026-05, Copeland International Small Cap Fund had net inflows of $69.05K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$32.94K |
| 2026-04 | $38.00K |
| 2026-03 | $3.00K |
| 2026-02 | $5.00K |
| 2026-01 | $3.00K |
| 2025-12 | $26.33K |
CISAX Debt Constituents
No individual debt constituents are reported in Copeland International Small Cap Fund's latest SEC N-PORT filing.
CISAX Prospectus and SEC Filings
Official Copeland International Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Developed ex-US Mid 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.