OBVLX — Oberweis Small-Cap Value Fund
Data updated: 2020-08-31
OBVLX — Oberweis Small-Cap Value Fund. Money Market · 1.30% expense ratio · -25.6% 1-yr return. Holdings, fees, performance and SEC filings.
OBVLX Fund Overview
OBVLX — Oberweis Small-Cap Value Fund is a US mutual fund managed by Oberweis 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: Oberweis Funds
- Category: Money Market
- 1-year return: -25.6%
- Ticker: OBVLX
- SEC CIK: 0000803020
- SEC series ID: S000058531
- Share class ID: C000192399
OBVLX Investment Objective and Strategy
Oberweis Small-Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Oberweis Funds.
Investment objective
The Oberweis Small-Cap Value Fund's investment objective is capital appreciation.
Principal investment strategy
The Fund seeks to achieve its objective by making intermediate and long-term investments in domestic, publicly-traded equity securities of small capitalization companies. Fund investment positions are generally held for 12 to 18 months, although longer or shorter holding periods may occur. Under normal circumstances, at least 80% of the Fund's net assets (plus the amount of borrowings, if any) will be invested in securities of small capitalization companies (80% investment policy). For purposes of the 80% investment policy, the Fund's investment adviser, Oberweis Asset Management, Inc. (OAM) considers small-cap companies as those, at the time of initial investment, with a market capitalization of less than $5 billion or with a market capitalization within the range of the holdings of the Russell 2000 Index.
As of March 31, 2018, the market capitalization range of the Russell 2000 Index was $7.7 million to $17.1 billion. OAM has developed and implemented a proprietary investment system focused on appreciation of publicly-traded small capitalization U.S. equities through intermediate- and long-term investment (the Small-Cap Value Strategy). The Small-Cap Value Strategy is guided by a proprietary initial screening system for companies included in the New York Stock Exchange, NASDAQ and AMEX. OAM applies a quantitative screen against the domestically traded equities listed on those exchanges, which narrows the investable universe of securities to approximately 300. The quantitative screen considers such factors as the security's price to earnings ratio, price to cash flow ratio, cash flow to earnings ratio, debt to equity ratio, one year price history, dividend yield and dividend history.
This screen aids in uncovering potentially undervalued securities that have a reasonable risk profile relative to the benchmark. A secondary, fundamental analysis is applied to further narrow the number of investable securities that prioritizes understanding and limiting the risks of the individual securities and portfolio as a whole. A computer-based mathematical program is then used to aid in determining the final composition of securities in the Fund's portfolio. Through the use of these screens, OAM attempts to actively monitor both macro and micro drivers of perceived risk. Accordingly, the management team may adjust individual, industry, sector or other factor-related weights in an attempt to limit perceived downside risk. OAM may, from time to time based on its analysis of market signals in conjunction with the Small-Cap Value Strategy, liquidate investment positions and hold the proceeds in money market funds, other highly liquid obligations or the electronically-traded iShares Russell 2000 Value Index Fund.
OAM expects to re-balance the Fund's portfolio of securities three to four times each calendar year based on investment performance.
OBVLX Holdings
Top 10 holdings of Oberweis Small-Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Old National Bancorp/IN | 0.03% |
| Williams-Sonoma Inc | 0.03% |
| Heritage Insurance Holdings In | 0.03% |
| Triumph Bancorp Inc | 0.02% |
| Simmons First National Corp | 0.02% |
| Central Pacific Financial Corp | 0.02% |
| MasTec Inc | 0.02% |
| Stifel Financial Corp | 0.02% |
| Ryman Hospitality Properties I | 0.02% |
| Oshkosh Corp | 0.02% |
OBVLX Portfolio Allocation
Asset-class allocation of Oberweis Small-Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 0.9% |
| Other | 0.1% |
OBVLX Performance
Total returns for OBVLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -25.6% |
OBVLX Risk Information
Risk metrics for OBVLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 34.9%
OBVLX Costs and Fees
OBVLX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.49%
- Portfolio turnover: 68%
- Brokerage commissions: 12.29 bps of average net assets (SEC N-CEN)
OBVLX Cashflows
Over the 12 months to 2020-06, Oberweis Small-Cap Value Fund had net inflows of $23.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $4.29M |
| 2020-05 | $9.92M |
| 2020-04 | $1.08M |
| 2020-03 | $1.62M |
| 2020-02 | $402.99K |
| 2020-01 | $969.49K |
OBVLX Debt Constituents
No individual debt constituents are reported in Oberweis Small-Cap Value Fund's latest SEC N-PORT filing.
OBVLX Prospectus and SEC Filings
Official Oberweis Small-Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-20
- Prospectus (485BPOS) — filed 2019-05-16
- Prospectus (485BPOS) — filed 2018-05-18
- Portfolio holdings (N-PORT) — filed 2020-08-31
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Annual census (N-CEN) — filed 2020-03-10
- Annual census (N-CEN) — filed 2019-03-18
Related Funds
Other Money Market 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.