SCGNX — Friess Small Cap Growth Fund
Data updated: 2022-05-24
SCGNX — Friess Small Cap Growth Fund. Developed ex-US Small Cap Growth Equity · $39.71M AUM. Holdings, fees, performance and SEC filings.
SCGNX Fund Overview
SCGNX — Friess Small Cap Growth Fund is a US mutual fund managed by Managed Portfolio Series, categorised as Developed ex-US Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Managed Portfolio Series
- Category: Developed ex-US Small Cap Growth Equity
- Assets under management: $39.71M
- 1-year return: -9.9%
- Ticker: SCGNX
- SEC CIK: 0001511699
- SEC series ID: S000057860
- Share class ID: C000187062
SCGNX Investment Objective and Strategy
Friess Small Cap Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.
Investment objective
The Friess Small Cap Growth Funds (the Fund) investment objective is to seek capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by smaller capitalization companies. The Fund invests principally in common stocks of U.S. companies but may also invest in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (ADRs). The Fund defines smaller capitalization companies as companies having market capitalizations at the time of purchase within the market capitalization range of companies included in Russell 2000 Index at the date of the last reconstitution of the Index. As of June 23, 2017, the date of the Indexs latest reconstitution (implemented by the Index on June 24, 2017), the capitalization range of the Russell 2000 Index was between $144 million and $4.4 billion.
The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the premise that companies generating strong earnings growth should see their stock price rise. The Fund invests in companies in a broad range of industries, generally focusing on companies delivering at least 20% year-over-year earnings growth (under normal economic conditions) with shares that sell at reasonable price-to-earnings ratios, typically less than 30 times forward earnings estimates as determined by the Adviser or Friess Associates of Delaware, LLC as sub-adviser of the Fund (Friess of Delaware or the Sub-Adviser). The Fund targets fundamentally sound companies that are experiencing positive change, such as new products, new management teams or members, acquisitions or divestitures, or legislative changes.
The Funds annual portfolio turnover rate may exceed 250%. The Fund employs a firm sell discipline. The Fund will sell a portfolio holding when: The companys fundamentals deteriorate such as contracting profit margins or reduced revenue growth; The Adviser or Sub-Adviser believes investor expectations become unrealistically high regarding the companys outlook; The Adviser or Sub-Adviser identifies a better investment that needs capital to be made available to facilitate its purchase; or The holdings share price reaches the Advisers or Sub-Advisers target price.
SCGNX Performance
Total returns for SCGNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.9% |
| 3 years (annualised) | 15.8% |
SCGNX Risk Information
Risk metrics for SCGNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.3%
SCGNX Costs and Fees
SCGNX costs about $145 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.45%
- Gross expense ratio: 2.04%
- Portfolio turnover: 200%
- Brokerage commissions: 59.17 bps of average net assets (SEC N-CEN)
SCGNX Cashflows
Over the 12 months to 2022-03, Friess Small Cap Growth Fund had net inflows of $19.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $1.11M |
| 2022-02 | $136.25K |
| 2022-01 | $1.26M |
| 2021-12 | $7.09M |
| 2021-11 | $1.97M |
| 2021-10 | $52.11K |
SCGNX Debt Constituents
No individual debt constituents are reported in Friess Small Cap Growth Fund's latest SEC N-PORT filing.
SCGNX Prospectus and SEC Filings
Official Friess Small Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-26
- Prospectus supplement (497) — filed 2020-05-14
- Portfolio holdings (N-PORT) — filed 2022-05-24
- Portfolio holdings (N-PORT) — filed 2022-02-25
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Annual census (N-CEN) — filed 2022-03-14
- Annual census (N-CEN) — filed 2021-03-11
Related Funds
Other Developed ex-US Small Cap Growth 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.