COGVX — Cognios Large Cap Value Fund
Data updated: 2021-02-25
COGVX — Cognios Large Cap Value Fund. United States Large Cap Value Equity · $1.29M AUM · 1.77% expense ratio. Holdings, fees, performance and SEC filings.
COGVX Fund Overview
COGVX — Cognios Large Cap Value Fund is a US mutual fund managed by Trailmark Series Trust, categorised as United States Large 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: Trailmark Series Trust
- Category: United States Large Cap Value Equity
- Assets under management: $1.29M
- 1-year return: 6.4%
- Ticker: COGVX
- SEC CIK: 0001643838
- SEC series ID: S000055441
- Share class ID: C000174438
COGVX Investment Objective and Strategy
Cognios Large Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trailmark Series Trust.
Investment objective
The Cognios Large Cap Value Fund (the Value Fund) seeks long-term growth of capital.
Principal investment strategy
The Value Funds principal investment objective is long-term growth of capital. The Value Fund seeks to achieve its investment objective by purchasing equity securities of U.S. companies that the Adviser believes are undervalued and likely to appreciate. The Value Fund generally seeks to purchase large capitalization U.S. equity common stocks of companies that are constituents of the S&P 500 Index. It may invest across different industries and sectors. Under normal circumstances, the Value Fund invests at least 80% of its assets in securities of large capitalization companies as defined by the S&P 500 Index. As of September 30, 2018, the S&P 500 Index includes U.S. companies with a market capitalization greater than $6.1 billion. The Value Fund may use borrowings for investment purposes.
In determining when and to what extent to employ borrowing ( i.e. , leverage), the Adviser will consider factors such as the relative risks and returns expected from the portfolio as a whole and the costs of such transactions. These loans may be structured as secured or unsecured loans, and may have fixed or variable interest rates. The Value Fund may borrow an amount equal to as much as one-third of the value of its total assets (which includes the amount borrowed). The Value Fund will only engage in borrowing when the Adviser believes the return from the additional investments will be greater than the costs associated with the borrowing. The Adviser selects securities for purchase using its proprietary ROTA/ROME investment selection and portfolio construction methodology. ROTA/ROME focuses on a companys Return on Tangible Assets (ROTA) and Return on Market Value of Equity (ROME) in order to identify companies whose per share intrinsic value has diverged significantly from the current market price of its stock.
ROTA, or Return on Tangible Assets, measures the profits that a company has earned on the capital invested in the business. The portfolio managers believe that companies with higher ROTAs are more attractive investment opportunities than companies with lower ROTAs because a business that has a high ROTA and can maintain that high ROTA over long periods of time most likely has some sort of competitive advantage in the marketplace that gives it an edge over its competition. ROME, or Return on Market Value of Equity, divides a companys profits by its current stock price. This profit yield is similar in concept to a bonds yield. Like a bond yield, a higher ROME yield generally means that a stock price is lower and cheaper. Similarly, a low ROME yield means the stock price is higher and thus more expensive.
The portfolio managers use these two metrics together to determine if a particular stock is an attractive business ( i.e. , ROTA) and whether that stock is cheap or expensive ( i.e. , ROME).
COGVX Performance
Total returns for COGVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.4% |
COGVX Risk Information
Risk metrics for COGVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 35.2%
COGVX Costs and Fees
COGVX costs about $177 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.77%
- Gross expense ratio: 2.62%
- Portfolio turnover: 74%
- Brokerage commissions: 3.20 bps of average net assets (SEC N-CEN)
COGVX Cashflows
Over the 12 months to 2020-12, Cognios Large Cap Value Fund had net outflows of $23.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-12 | $97.62K |
| 2020-11 | $36.31K |
| 2020-10 | $108.51K |
| 2020-09 | −$126.86K |
| 2020-08 | −$11.03M |
| 2020-07 | −$322.11K |
COGVX Debt Constituents
No individual debt constituents are reported in Cognios Large Cap Value Fund's latest SEC N-PORT filing.
COGVX Prospectus and SEC Filings
Official Cognios Large Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-11-06
- Prospectus (485BPOS) — filed 2020-06-15
- Prospectus (485BPOS) — filed 2019-11-13
- Portfolio holdings (N-PORT) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2020-11-30
- Portfolio holdings (N-PORT) — filed 2020-08-31
- Annual census (N-CEN) — filed 2020-09-14
- Annual census (N-CEN) — filed 2019-09-13
Related Funds
Other United States Large 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.