FPVSX — Frontier Phocas Small Cap Value Fund
Data updated: 2020-05-29
FPVSX — Frontier Phocas Small Cap Value Fund. United States Real Estate · $17.43M AUM · 1.11% expense ratio. Holdings, fees, performance and SEC filings.
FPVSX Fund Overview
FPVSX — Frontier Phocas Small Cap Value Fund is a US mutual fund managed by Mfg Funds, Inc., categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mfg Funds, Inc.
- Category: United States Real Estate
- Assets under management: $17.43M
- Ticker: FPVSX
- SEC CIK: 0001014913
- SEC series ID: S000030151
- Share class ID: C000167326
FPVSX Investment Objective and Strategy
Frontier Phocas Small Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mfg Funds, Inc..
Investment objective
The investment objective of the Frontier Phocas Small Cap Value Fund (the Fund) is long-term total investment return through capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets in shares of common stock of small-capitalization companies, consistent with companies within the Russell 2000 Value Index. As of September 30, 2018, the largest market capitalization of a company in the Russell 2000 Value Index was $6.005 billion and the weighted average market capitalization was $2.154 billion. The Fund also invests in Real Estate Investment Trusts (REITs) as part of its principal investment strategy. The Fund pursues its investment objective by investing in a diversified portfolio of small-capitalization securities selling at discounts to their fair value as assessed by the investment and research team of Phocas Financial Corporation (Phocas), the Funds subadviser. Phocas will typically invest in 100 to 120 companies with initial weightings between 0.25% to 1.00% of the Funds total assets in order to have broad industry representation and reduce individual security risk within the Fund.
Financial services is a very large segment of the Funds benchmark and, as such, it may represent a significant weight of the portfolio, oftentimes exceeding 25% of the Funds net assets. As a result, the Fund may have significant investments in the financial services sector.
FPVSX Holdings
Top 10 holdings of Frontier Phocas Small Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Bank Money Market Deposit Account | 4.50% |
| QTS Realty Trust Inc | 2.26% |
| Rexford Industrial Realty Inc | 2.12% |
| Nexstar Media Group Inc | 1.76% |
| OneMain Holdings Inc | 1.63% |
| Meta Financial Group Inc | 1.54% |
| Heritage Insurance Holdings In | 1.54% |
| CenterState Bank Corp | 1.53% |
| TopBuild Corp | 1.49% |
| Independence Realty Trust Inc | 1.47% |
FPVSX Portfolio Allocation
Asset-class allocation of Frontier Phocas Small Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.4% |
| Cash & Equivalents | 4.5% |
FPVSX Costs and Fees
FPVSX costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 586.61%
- Portfolio turnover: 40%
- Brokerage commissions: 4.25 bps of average net assets (SEC N-CEN)
FPVSX Cashflows
Over the 12 months to 2020-03, Frontier Phocas Small Cap Value Fund had net inflows of $12.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | $1.22M |
| 2020-02 | $609.57K |
| 2020-01 | $1.70M |
| 2019-12 | $542.51K |
| 2019-11 | $1.88M |
| 2019-10 | $1.25M |
FPVSX Debt Constituents
No individual debt constituents are reported in Frontier Phocas Small Cap Value Fund's latest SEC N-PORT filing.
FPVSX Prospectus and SEC Filings
Official Frontier Phocas Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-12
- Prospectus (485BPOS) — filed 2018-11-09
- Prospectus (485BPOS) — filed 2017-11-08
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Portfolio holdings (N-PORT) — filed 2020-02-27
- Portfolio holdings (N-PORT) — filed 2019-11-26
- Annual census (N-CEN) — filed 2018-09-13
- Annual census, amended (N-CEN/A) — filed 2019-09-20
Related Funds
Other United States Real Estate 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.