CSCAX Performance — Cove Street Capital Small Cap Value Fund, Insitituational Class
Data updated: 2025-06-16
CSCAX returned +3.64% over one year to Dec 2024. Annualised returns are +3.21% over 3 years and +4.21% over 5 years. The fund trailed its Alternative category average: $100 invested three years ago grew to $110, against $137 for the category, and to $104 over one year, against $139. Volatility over the past three years was 20.51% a year. In the 12 months to Dec 2024 the fund lost a net $5.5M, and assets reached $20.97M.
CSCAX Growth of $100
What $100 invested in Cove Street Capital Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | CSCAX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $104 | $139 |
| 3 years (Jan 2022 – Dec 2024) | $110 | $137 |
| 5 years (Jan 2020 – Dec 2024) | $123 | $160 |
CSCAX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.64% |
| 3 years (annualised) | +3.21% |
| 5 years (annualised) | +4.21% |
CSCAX Annual Returns
Calendar-year total returns of Cove Street Capital Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +3.64% |
| 2023 | +18.34% |
| 2022 | −10.35% |
| 2021 | +22.29% |
| 2020 | −8.61% |
CSCAX 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 | −1.9% | +4.2% | −0.6% | −6.0% | −4.6% | −0.5% | +12.6% | −10.0% | +2.3% | +3.7% | +4.8% | +1.5% |
| 2023 | +10.0% | −3.5% | −3.1% | 0.0% | +7.3% | +7.0% | +2.2% | −5.1% | −4.6% | −4.9% | +8.0% | +5.5% |
| 2022 | −2.6% | +1.7% | +2.5% | −7.1% | −0.2% | −6.9% | +7.0% | −0.1% | −11.3% | +11.5% | +2.2% | −5.4% |
| 2021 | +2.6% | +10.5% | +6.1% | +2.2% | +5.3% | −5.0% | +1.3% | +0.9% | −3.8% | +1.9% | −6.7% | +6.3% |
| 2020 | −5.5% | −7.0% | −31.5% | +12.6% | +3.1% | +1.8% | +3.5% | +5.3% | −5.3% | +0.9% | +17.1% | +5.3% |
CSCAX Risk
Risk measures from monthly returns over Jan 2022 – Dec 2024.
- 3-year volatility (annualised): 20.51%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +12.63% (Jul 2024)
- Worst month: −11.28% (Sep 2022)
CSCAX Fund Flows
Monthly money in and out of Cove Street Capital Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.5M
- 12-month gross sales (incl. reinvestments): $2.8M
- Sales ÷ redemptions: 0.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $1K | $2.5M | −$2.5M |
| Nov 2024 | $1.6M | $694K | $897K |
| Oct 2024 | $181K | $782K | −$601K |
| Sep 2024 | $4K | $613K | −$608K |
| Aug 2024 | $11K | $137K | −$127K |
| Jul 2024 | $169K | $314K | −$145K |
| Jun 2024 | $259K | $457K | −$197K |
| May 2024 | $17K | $373K | −$356K |
| Apr 2024 | $184K | $309K | −$125K |
| Mar 2024 | $167K | $1.5M | −$1.3M |
| Feb 2024 | $118K | $358K | −$239K |
| Jan 2024 | $76K | $257K | −$182K |
CSCAX Assets Under Management
Net assets of Cove Street Capital Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $20.97M |
| 2024-09-30 | $23.00M |
| 2024-06-30 | $23.04M |
| 2024-03-31 | $26.56M |
| 2023-12-31 | $27.89M |
| 2023-09-30 | $27.78M |
| 2023-06-30 | $32.05M |
| 2023-03-31 | $29.14M |
| 2022-12-31 | $31.84M |
| 2022-09-30 | $34.04M |
| 2022-06-30 | $44.25M |
| 2022-03-31 | $51.48M |
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.