CSCAX — Cove Street Capital Small Cap Value Fund
Data updated: 2025-06-16
CSCAX — Cove Street Capital Small Cap Value Fund. Alternative · $20.97M AUM · 1.27% expense ratio. Holdings, fees, performance and SEC filings.
CSCAX Fund Overview
CSCAX — Cove Street Capital Small Cap Value Fund is a US mutual fund managed by Managed Portfolio Series, categorised as Alternative. 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: Alternative
- Assets under management: $20.97M
- 1-year return: 3.6%
- Ticker: CSCAX
- SEC CIK: 0001511699
- SEC series ID: S000034690
- Share class ID: C000106866
CSCAX Investment Objective and Strategy
Cove Street Capital 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 Cove Street Capital Small Cap Value Fund (the Fund) seeks capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a limited number of equity securities of small capitalization companies. The equity securities in which the Fund invests include common stocks, preferred stocks, and real estate investment trusts (REITs). The Fund considers a company to be a small-cap company if it has a market capitalization, at the time of purchase, in the range of $50 million to $5 billion. Although the Fund will invest primarily in the equity securities of U.S. companies, the Fund may also invest up to 20% of its assets in the securities of foreign companies, including common and preferred stocks. From time to time, the Fund may focus its investments in securities of companies in the same economic sector.
The Funds investment strategy involves a value-oriented focus on preservation of capital over the long term using a bottom-up approach. The Fund may show increased portfolio turnover in a given year in order to reflect tax strategies that reduce its realized gains and losses for the benefit of the shareholders.
CSCAX Holdings
Top 2 holdings of Cove Street Capital Small Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Treasury Obligations P | 90.77% |
| Series A Convertible Preferred Stock Of Lifecore B | 9.26% |
CSCAX Portfolio Allocation
Asset-class allocation of Cove Street Capital Small Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 90.8% |
| Equity | 9.3% |
CSCAX Performance
Total returns for CSCAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.6% |
| 3 years (annualised) | 3.2% |
| 5 years (annualised) | 4.2% |
CSCAX Risk Information
Risk metrics for CSCAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.4%
CSCAX Costs and Fees
CSCAX costs about $127 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.27%
- Gross expense ratio: 1.61%
- Portfolio turnover: 45%
CSCAX Cashflows
Over the 12 months to 2024-12, Cove Street Capital Small Cap Value Fund had net outflows of $5.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$2.53M |
| 2024-11 | $896.56K |
| 2024-10 | −$601.45K |
| 2024-09 | −$608.32K |
| 2024-08 | −$126.55K |
| 2024-07 | −$145.15K |
CSCAX Debt Constituents
No individual debt constituents are reported in Cove Street Capital Small Cap Value Fund's latest SEC N-PORT filing.
CSCAX Prospectus and SEC Filings
Official Cove Street Capital Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-25
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-27
- Portfolio holdings (N-PORT) — filed 2025-02-27
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-22
- Annual census (N-CEN) — filed 2025-06-16
- Annual census (N-CEN) — filed 2024-12-12
Related Funds
Other Alternative 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.