ESGAX — Dana Epiphany Equity Fund
Data updated: 2026-09-24
ESGAX — Dana Epiphany Equity Fund. United States Large Cap Blend / Core Equity · $78.07M AUM. Holdings, fees, performance and SEC filings.
ESGAX Fund Overview
ESGAX — Dana Epiphany Equity Fund is a US mutual fund managed by Valued Advisers Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Valued Advisers Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $78.07M
- Ticker: ESGAX
- SEC CIK: 0001437249
- SEC series ID: S000063526
- Share class ID: C000205826
ESGAX Investment Objective and Strategy
Dana Epiphany Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Valued Advisers Trust.
Investment objective
"The investment objective of the Dana Epiphany ESG Equity Fund (the ""Fund"") is long-term growth of capital."
Principal investment strategy
"The Fund seeks to achieve its investment objective through investment in publicly traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral relative-value approach that has been used by the Adviser since 1999. The Fund employs a risk-controlled relative-value equity strategy. The Fund is designed to resemble the broad market, add value above market returns through superior stock selection and yet exhibit lower volatility than the market. The investment process combines quantitative and fundamental techniques. Individual securities in the Fund are chosen after fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.
The investment process seeks to minimize volatility (and thus control risk) by utilizing several strategies including, but not limited to, rebalancing the portfolio quarterly to be within 1% of its target benchmark sector weights, equally weighting position sizes within each sector, and maintaining positions at less than 4% of the portfolio. The Fund's benchmark is the Standard & Poor's 500 Index (""S&P 500""). ""Sector-neutral, relative-value"" refers to the Adviser striving to keep sector diversification within the Fund's portfolio similar to that in its target benchmark. To do this, the Adviser will generally emphasize valuation metrics within each sector when analyzing securities. Valuation metrics may include evaluating the pricing of a security based off its price to earnings ratio, price to cash flow ratio, price to book value ratio, and earnings to growth ratio.
Under normal circumstances, the Fund will invest at least 80% of its net assets in a diversified portfolio of equity securities. Normally, the Adviser selects from a group of equity securities with market capitalizations above $10 billion, although the Fund may also invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies. The Adviser's environmental, social, and governance (""ESG"") screening process is then applied to the eligible securities. Under normal circumstances, at least 80% of the Fund's net assets will be subject to the ESG screening process. Application of the screening process is based on information known by the Adviser and information provided by third parties that compile and publish such data. The screening criteria is based on the belief in responsible investing consistent with Christian moral and social justice principals as outlined by the U.S.
Conference of Catholic Bishops Socially Responsible Investment Guidelines and other Christian teachings. The criteria are reviewed from time to time by the Adviser. Companies will generally be excluded that are known to: ? Directly participate in abortion; ? Manufacture contraceptives; ? Produce pornographic media content; ? Engage in scientific research on human fetuses or embryos; ? Have recent material fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations; ? Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines; Eligible companies are further evaluated and an assessment is made concerning their record on human rights, environment and corporate governance, both positive and negative.
The screening process is designed to measure a company's impact on people, communities and the market and is an integral part of the investment process. Once it has been determined that a company is eligible for investment, the portfolio managers apply economic criteria to select equity securities for the Fund's portfolio to correlate to the stock sectors of the S&P 500. Economic criteria used includes the company's valuation, growth potential, dividend policy, and other economic factors. The portfolio holdings of eligible companies within each sector are weighted as equally as feasible at the time of purchase, with the portfolio managers purchasing new positions approximately equal in weight to the other companies held within the applicable sector. The Adviser will rebalance the portfolio holdings from time to time as it deems appropriate.
From time to time investments may no longer be considered eligible given changes in their economic outlook or their compliance with the Adviser's screening process. In such a case, the Fund may sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the screening process is at the discretion of the Adviser, who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.
Otherwise, the Fund intends to remain fully invested. In addition to common stocks, the Fund may from time to time purchase other equities such as real estate investment trusts (""REITs""), shares of other investment companies and exchange traded funds (""ETFs""), mainly as an alternative to holding cash prior to investment. To the extent that investments in other investment companies and ETFs are included in order to satisfy the requirement to invest at least 80% of the Fund's net assets according to the ESG guidelines outlined above, the Fund will take reasonable steps to verify that the holdings of these underlying funds meet the ESG screening criteria."
ESGAX Holdings
Top 10 holdings of Dana Epiphany Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 7.48% |
| Apple, Inc. | 6.96% |
| Microsoft Corp. | 5.30% |
| Alphabet, Inc. | 5.20% |
| Amazon.com, Inc. | 3.48% |
| Broadcom, Inc. | 2.84% |
| Iqvia Holdings, Inc. | 2.35% |
| Cisco Systems, Inc. | 2.28% |
| Lam Research Corp. | 2.13% |
| Nxp Semiconductors NV | 2.11% |
ESGAX Portfolio Allocation
Asset-class allocation of Dana Epiphany Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 1.0% |
ESGAX Costs and Fees
ESGAX costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 2.38%
- Portfolio turnover: 40%
- Brokerage commissions: 1.73 bps of average net assets (SEC N-CEN)
ESGAX Cashflows
Over the 12 months to 2026-04, Dana Epiphany Equity Fund had net outflows of $941.18K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $383.59K |
| 2026-03 | $1.04M |
| 2026-02 | $194.21K |
| 2026-01 | $99.79K |
| 2025-12 | $3.95M |
| 2025-11 | −$4.22M |
ESGAX Debt Constituents
No individual debt constituents are reported in Dana Epiphany Equity Fund's latest SEC N-PORT filing.
ESGAX Prospectus and SEC Filings
Official Dana Epiphany Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-24
- Portfolio holdings (N-PORT) — filed 2026-06-29
- Portfolio holdings (N-PORT) — filed 2026-04-01
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Large Cap Blend / Core 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.