ISMIX — Lmcg International Small Cap Fund
Data updated: 2021-06-11
ISMIX — Lmcg International Small Cap Fund. Money Market · $7.06M AUM · 0.86% expense ratio. Holdings, fees, performance and SEC filings.
ISMIX Fund Overview
ISMIX — Lmcg International Small Cap Fund is a US mutual fund managed by Forum Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Forum Funds
- Category: Money Market
- Assets under management: $7.06M
- Ticker: ISMIX
- SEC CIK: 0000315774
- SEC series ID: S000053391
- Share class ID: C000167921
ISMIX Investment Objective and Strategy
Lmcg International Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Forum Funds.
Investment objective
The LMCG International Small Cap Fund (the Fund) seeks long-term capital appreciation.
Principal investment strategy
The Adviser seeks to achieve the Funds investment objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in the equity securities of small capitalization companies. For these purposes, the Fund considers small capitalization companies to be those that, at the time of investment, are within the range of the MSCI EAFE Small Cap Index (the Index). As of June 30, 2018, the market capitalization range of companies in the Index was $88.7 million to $8.5 billion. Equity securities in which the Fund invests may include common stock, preferred stock, real estate investment trusts (REITs), American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). Under normal circumstances, the Fund invests primarily in companies in developed markets outside of the United States.
The Adviser defines developed markets as including those represented in the Index, such as Germany, France, the United Kingdom, Japan and Hong Kong. The Fund also may invest up to 10% of its total assets in companies in each of the United States and Canada, and up to 10% of its total assets in companies in emerging market countries. The location of companies in which the Fund invests may be determined by a companys country of incorporation, the location of the securities exchange on which its securities are principally traded, or where it derives the majority of its revenues. The Advisers investment strategy is centered on fundamental principles and uses well-known investment metrics to evaluate securities in a quantitative framework. The strategy combines growth and value approaches to investing.
Stocks are ranked on a variety of quantitative factors which are used to produce an overall attractiveness score. The Fund is not limited by a fixed allocation of assets to stocks of either growth or value companies and, depending on the economic environment and judgment of the Adviser, may invest in either growth companies or value companies to the exclusion of the other. The Adviser also may allocate investment opportunities in stocks based on earnings quality. In addition, the Fund may invest in exchange-traded funds (ETFs) that provide international small cap exposure, as well as other registered investment companies, money market funds, initial public offerings (IPOs), and 144A securities. The Fund may, from time to time, utilize stock index futures to gain exposure on short-term cash investments.
ISMIX Costs and Fees
ISMIX costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 1.50%
- Portfolio turnover: 70%
- Brokerage commissions: 18.02 bps of average net assets (SEC N-CEN)
ISMIX Cashflows
Over the 12 months to 2020-09, Lmcg International Small Cap Fund had net outflows of $32.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | −$35.91M |
| 2020-08 | −$57.45K |
| 2020-07 | $1.94M |
| 2020-06 | $81.31K |
| 2020-05 | −$1.02M |
| 2020-04 | −$273.56K |
ISMIX Debt Constituents
No individual debt constituents are reported in Lmcg International Small Cap Fund's latest SEC N-PORT filing.
ISMIX Prospectus and SEC Filings
Official Lmcg International Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-08-07
- Prospectus (485BPOS) — filed 2019-08-09
- Prospectus (485BPOS) — filed 2018-08-14
- Portfolio holdings (N-PORT) — filed 2020-10-26
- Portfolio holdings (N-PORT) — filed 2020-07-28
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Annual census (N-CEN) — filed 2021-06-11
- Annual census (N-CEN) — filed 2020-06-11
Related Funds
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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.