OFSIX — OShaughnessy Small Cap Value Fund

OFSIX Fund Overview

OFSIX — OShaughnessy Small Cap Value Fund is a US mutual fund managed by Advisors Series Trust, 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: Advisors Series Trust
• Category: Money Market
• Assets under management: $11.50M
• Ticker: OFSIX
• SEC CIK: 0001027596
• SEC series ID: S000052916
• Share class ID: C000166456

OFSIX Investment Objective and Strategy

OShaughnessy Small Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Series Trust.

Investment objective

The OShaughnessy Small Cap Value Funds (the Small Cap Fund) investment objective is to seek long-term capital appreciation and income.

Principal investment strategy

Under normal market conditions, the Small Cap Fund invests at least 80% of its net assets (including any borrowings for investment purposes) in a diversified portfolio of common stocks of small cap companies. Shareholders will receive at least 60 days prior written notice before a change in this 80% policy. Under current market conditions, the Adviser defines a small cap company as a company with a market capitalization range (at time of initial purchase or rebalance) of those that are included in the Russell 2000 Value Index (which consisted of companies with capitalizations from approximately $14.6 million up to approximately $6.1 billion as of August 31, 2018). The Fund may from time to time emphasize investment in certain sectors of the market. The Adviser employs a bottom-up, quantitative, factor-based approach for security selection based on research and analysis of historical data.

The Adviser screens for companies within the market capitalization range. The Adviser then screens securities for companies that are priced cheaply relative to their fundamentals, such as sales, earnings and cash flows. In selecting securities, the Adviser evaluates factors that may include, but are not limited to: avoiding names with recent poor price momentum, companies with strong financial strength, conservative earnings reporting (earnings quality) and strong earnings growth. The Adviser may eliminate or substitute factors at its discretion. Portfolio securities may be sold generally upon periodic rebalancings of the Small Cap Funds portfolio. For selling decisions, the Adviser considers the same factors it uses in evaluating a security for purchase and generally sells securities when it believes such securities no longer meet its investment criteria.

The Small Cap Fund will primarily invest in common stocks of U.S. issuers but may also invest up to 20% of its total assets in common stocks of foreign securities and issuers, which may also include issuers located in emerging markets and frontier markets, also known as pre-emerging markets, as defined by countries listed on the Morgan Stanley Capital International (MSCI) Emerging Markets Index and/or the MSCI Frontier Markets Index. The Fund may also invest up to 20% of its total assets in depositary receipts of foreign based companies ( i.e. American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depositary Receipts (GDRs), etc.) whose common stock is not itself listed on a U.S. exchange. Depositary receipts may be purchased through sponsored or unsponsored facilities.

A sponsored facility is established jointly by the issuer of the underlying security and a depositary, whereas a depositary may establish an unsponsored facility without participation by the issuer of the depositary security. The Fund may invest up to 10% of its total assets in other investment companies, including exchange-traded funds (ETFs). The Small Cap Fund may also invest up to 100% of the Funds total assets in cash, cash equivalents, and high-quality, short-term debt securities, money market mutual funds and money market instruments for temporary defensive purposes. The Fund may also invest up to 50% of its total assets in ETFs that are aligned with the Funds principal investment strategies, for temporary defensive purposes.

OFSIX Costs and Fees

OFSIX costs about $99 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.99%
• Gross expense ratio: 1.79%
• Portfolio turnover: 75%

OFSIX Cashflows

Over the 12 months to 2020-04, OShaughnessy Small Cap Value Fund had net inflows of $8.18M, from monthly SEC N-PORT filings.

OFSIX Debt Constituents

No individual debt constituents are reported in OShaughnessy Small Cap Value Fund's latest SEC N-PORT filing.

OFSIX Prospectus and SEC Filings

Official OShaughnessy Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-12-10
• Prospectus (485BPOS) — filed 2018-12-06
• Prospectus (485BPOS) — filed 2017-12-08
• Portfolio holdings (N-PORT) — filed 2020-06-26
• Annual census (N-CEN) — filed 2020-10-13
• Annual census (N-CEN) — filed 2019-10-15
• Annual census (N-CEN) — filed 2018-10-15

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.