CSCVX — Cornercap Small-Cap Value Fund
Data updated: 2022-11-17
CSCVX — Cornercap Small-Cap Value Fund. United States Small Cap Value Equity · $120.34M AUM. Holdings, fees, performance and SEC filings.
CSCVX Fund Overview
CSCVX — Cornercap Small-Cap Value Fund is a US mutual fund managed by CornerCap Group of Funds /VA/, categorised as United States Small 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: CornerCap Group of Funds /VA/
- Category: United States Small Cap Value Equity
- Assets under management: $120.34M
- 1-year return: -12.4%
- Ticker: CSCVX
- SEC CIK: 0000789280
- SEC series ID: S000004377
- Share class ID: C000012115
CSCVX Investment Objective and Strategy
Cornercap Small-Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by CornerCap Group of Funds /VA/.
Investment objective
"The investment objective of the CornerCap Small-Cap Value Fund (the ""Small-Cap Value Fund"") is long-term capital appreciation"
Principal investment strategy
"The Small-Cap Value Fund normally invests more than 80% of its net assets (including borrowings for investment, if any) in equity securities of small-cap U.S. companies. The Adviser defines small-cap companies as those companies with market capitalizations within the range of the Russell 2000 Index at the time of purchase. The market capitalization range of the Russell 2000 Index was $8.9 million to $5.29 billion as of June 30, 2018, and is expected to change frequently. Under normal circumstances, the Small-Cap Value Fund will be invested in common stocks that the Adviser believes are attractively valued relative to their growth potential or undervalued in the market. The Adviser uses Fundametrics , the Adviser's proprietary quantitative research system, to select stocks for the Fund. Fundametrics evaluates all stocks in the Small-Cap Value Fund's investible universe with respect to over 120 fundamental factors.
Fundametrics was designed to evaluate stocks on many of the same criteria used by a human analyst, but is done using a systematic approach intended to minimize human emotion and bias. Buy and sell decisions are determined by a subset of factors contained within the Fundametrics ""Alpha Composite"" and ""Financial Warnings Overlay"". The Alpha Composite is a combination of alpha seeking factors designed to identify stocks with potential for excess returns. The makeup of the Alpha Composite is primarily comprised of value-focused factors; however, for diversification purposes, it also includes additional factors, such as growth- and momentum-focused factors that the Adviser believes have low correlations to the Alpha Composite's value-focused factors. The Financial Warnings Overlay is then applied to the Fund's investible universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to under performance.
The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise have attractive valuation metrics. Potential ""buy"" stocks those that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay are then evaluated with respect to whether they would improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk."
CSCVX Performance
Total returns for CSCVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.4% |
| 3 years (annualised) | 4.8% |
CSCVX Risk Information
Risk metrics for CSCVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.0%
CSCVX Costs and Fees
CSCVX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.30%
- Portfolio turnover: 116%
- Brokerage commissions: 15.06 bps of average net assets (SEC N-CEN)
CSCVX Cashflows
Over the 12 months to 2022-09, Cornercap Small-Cap Value Fund had net inflows of $12.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | −$514.57K |
| 2022-08 | −$874.70K |
| 2022-07 | −$1.16M |
| 2022-06 | −$1.24M |
| 2022-05 | −$1.91M |
| 2022-04 | −$985.24K |
CSCVX Debt Constituents
No individual debt constituents are reported in Cornercap Small-Cap Value Fund's latest SEC N-PORT filing.
CSCVX Prospectus and SEC Filings
Official Cornercap Small-Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-07-19
- Prospectus (485BPOS) — filed 2021-07-27
- Prospectus (485BPOS) — filed 2020-08-12
- Portfolio holdings (N-PORT) — filed 2022-11-17
- Portfolio holdings (N-PORT) — filed 2022-08-16
- Portfolio holdings (N-PORT) — filed 2022-05-31
- Annual census (N-CEN) — filed 2022-06-10
- Annual census (N-CEN) — filed 2021-06-10
Related Funds
Other United States Small 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.