Small Cap

Overview

Investment Objective

James Small Cap Fund seeks to provide long-term capital appreciation.

Fund Resources

Factsheet

Asset Allocation03/31/2025

Fund Operating Expenses11/01/2024

Quick Stats04/30/25

7.62%

Avg. Annual Return

-5.01%

YTD Return

$38.48

Daily Price
05/19/2025

$50 M

Net Assets

Previous Month04/30/25

High: $38.41

Low: $33.53

Invest With Us Today!
Minimum individual investment: $2,000.

Investment Strategy

The Fund invests primarily in equity securities of foreign and domestic companies that the Adviser believes are undervalued. Equity securities that the Fund will principally invest in are common stocks, preferred stocks and exchange-traded funds (“ETFs”) that invest primarily in equity securities. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of borrowing for investment purposes, if any) in equity securities of small capitalization companies. Small capitalization companies are defined as those companies with market capitalizations at the time of purchase no larger than the stocks in the VettaFi US Equity Small-Cap 2000 TR Index, including ETFs that invest primarily in such securities.

Daily Prices (NAV)05/19/2025

Prices are usually updated each business day by 7 pm EST.

Ticker	Expense Ratio	Price / Share	$ Change	% Change		52 Week High	52 Week Low
JASCX	1.50%	38.48	-0.16	-0.41		44.38	33.53

Start Date

End Date

Fund Performance

View Monthly View Quarterly

		Daily Price & YTD ReturnData as of 05/19/2025			Total % ReturnData as of 04/30/2025			Average AnnualTotal % Return as of 04/30/2025
Fund Name	Ticker	Price / Share	$ Change	YTD	YTD	1 Mo	3 Mo	1 Yr	3 Yr	5 Yr	10 Yr	S.I.
Small Cap Inception Date: 10/02/1998 Total Expense Ratio: (1.50%)	JASCX	38.48	-0.16	-0.03	-5.01	-3.59	-10.81	8.63	10.72	18.51	6.15	7.62
VettaFi US Equity Small Cap 2000 Index					-12.93	-2.83	-14.74	1.76	2.15	9.84	6.10	-
VettaFi US Equity 3000 Index **					-5.43	-0.67	-8.29	11.41	11.29	14.99	11.62	-

		Daily Price & YTD ReturnData as of 05/19/2025			Total % ReturnData as of 03/31/2025			Average AnnualTotal % Return as of 03/31/2025
Fund Name	Ticker	Price / Share	$ Change	YTD	YTD	1 Mo	3 Mo	1 Yr	3 Yr	5 Yr	10 Yr	S.I.
Small Cap Inception Date: 10/02/1998 Total Expense Ratio: (1.50%)	JASCX	38.48	-0.16	-0.03	-1.48	-2.29	-1.48	7.21	9.95	22.14	6.18	7.80
VettaFi US Equity Small Cap 2000 Index					-10.39	-6.98	-10.39	-2.67	-0.19	13.70	6.22	-
VettaFi US Equity 3000 Index **					-4.79	-5.88	-4.79	7.26	7.22	18.05	11.76	-

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses and are not available for investment.

Fund Returns

Monthly Quarterly Yearly

Ticker

JASCX

03/31/25	-1.48%
12/31/24	-0.42%
09/30/24	8.91%
06/30/24	0.35%
03/31/24	8.58%
12/31/23	13.93%
09/30/23	0.36%
06/30/23	6.25%
03/31/23	3.02%
12/31/22	10.33%
09/30/22	-4.08%
06/30/22	-13.79%
03/31/22	-3.17%
12/31/21	10.98%
09/30/21	-0.69%
06/30/21	5.14%
03/31/21	19.76%
12/31/20	26.12%
09/30/20	2.55%
06/30/20	17.65%
03/31/20	-35.01%
12/31/19	7.19%
09/30/19	-1.21%
06/30/19	-0.39%
03/31/19	11.69%
12/31/18	-24.04%
09/30/18	-0.17%
06/30/18	3.01%
03/31/18	-3.24%
12/31/17	4.11%
09/30/17	7.36%
06/30/17	-0.85%
03/31/17	-3.85%
12/31/16	9.75%
09/30/16	6.43%
06/30/16	0.39%
03/31/16	-1.39%
12/31/15	3.25%
09/30/15	-6.69%
06/30/15	-2.48%
03/31/15	1.81%
12/31/14	6.01%
09/30/14	-6.14%
06/30/14	2.11%
03/31/14	-0.06%
12/31/13	10.79%
09/30/13	7.43%
06/30/13	1.13%
03/31/13	14.97%
12/31/12	2.33%
09/30/12	2.97%
06/30/12	-5.31%
03/31/12	7.59%
12/31/11	16.98%
09/30/11	-15.95%
06/30/11	2.05%
03/31/11	10.07%
12/31/10	12.24%
09/30/10	8.34%
06/30/10	-2.33%
03/31/10	7.14%
12/31/09	2.82%
09/30/09	14.88%
06/30/09	15.90%
03/31/09	-12.32%
12/31/08	-20.84%
09/30/08	-11.63%
06/30/08	0.42%
03/31/08	-8.46%
12/31/07	-5.38%
09/30/07	-5.74%
06/30/07	4.71%
03/31/07	0.49%
12/31/06	3.76%
09/30/06	-2.02%
06/30/06	-0.85%
03/31/06	11.60%
12/31/05	-1.30%
09/30/05	5.84%
06/30/05	6.62%
03/31/05	-3.47%
12/31/04	17.27%
09/30/04	-4.39%
06/30/04	0.97%
03/31/04	11.46%
12/31/03	17.62%
09/30/03	5.36%
06/30/03	25.01%
03/31/03	-0.82%
12/31/02	2.17%
09/30/02	-11.42%
06/30/02	-1.63%
03/31/02	9.64%
12/31/01	15.36%
09/30/01	-11.88%
06/30/01	9.64%
03/31/01	-5.45%
12/31/00	1.24%
09/30/00	-0.94%
06/30/00	8.04%
03/31/00	-3.06%
12/31/99	2.53%
09/30/99	-16.76%
06/30/99	17.41%
03/31/99	-10.61%
12/31/98	13.14%

04/30/25	-3.59%
03/31/25	-2.29%
02/28/25	-5.32%
01/31/25	6.50%
12/31/24	-7.25%
11/30/24	9.84%
10/31/24	-2.26%
09/30/24	0.88%
08/31/24	-1.17%
07/31/24	9.23%
06/30/24	-0.74%
05/31/24	6.24%
04/30/24	-4.84%
03/31/24	3.73%
02/29/24	4.71%
01/31/24	-0.03%
12/31/23	10.15%
11/30/23	6.22%
10/31/23	-2.62%
09/30/23	-3.26%
08/31/23	-1.65%
07/31/23	5.49%
06/30/23	7.37%
05/31/23	0.64%
04/30/23	-1.68%
03/31/23	-3.86%
02/28/23	-0.63%
01/31/23	7.84%
12/31/22	-6.72%
11/30/22	5.03%
10/31/22	12.61%
09/30/22	-8.65%
08/31/22	-3.58%
07/31/22	8.91%
06/30/22	-9.95%
05/31/22	1.40%
04/30/22	-5.58%
03/31/22	-0.43%
02/28/22	2.23%
01/31/22	-4.87%
12/31/21	4.36%
11/30/21	-0.92%
10/31/21	7.34%
09/30/21	-2.73%
08/31/21	1.67%
07/31/21	0.43%
06/30/21	-0.88%
05/31/21	2.26%
04/30/21	3.73%
03/31/21	7.66%
02/28/21	10.70%
01/31/21	0.50%
12/31/20	7.93%
11/30/20	13.33%
10/31/20	3.11%
09/30/20	-3.70%
08/31/20	3.46%
07/31/20	2.93%
06/30/20	0.21%
05/31/20	4.69%
04/30/20	12.14%
03/31/20	-24.55%
02/29/20	-11.60%
01/31/20	-2.56%
12/31/19	1.40%
11/30/19	3.02%
10/31/19	2.62%
09/30/19	4.08%
08/31/19	-5.69%
07/31/19	0.65%
06/30/19	7.05%
05/31/19	-9.44%
04/30/19	2.75%
03/31/19	-3.20%
02/28/19	3.08%
01/31/19	11.93%
12/31/18	-13.02%
11/30/18	-0.19%
10/31/18	-12.50%
09/30/18	-2.40%
08/31/18	2.02%
07/31/18	0.27%
06/30/18	-0.43%
05/31/18	4.74%
04/30/18	-1.23%
03/31/18	-0.27%
02/28/18	-4.93%
01/31/18	2.05%
12/31/17	1.36%
11/30/17	1.30%
10/31/17	1.40%
09/30/17	8.35%
08/31/17	-1.98%
07/31/17	1.09%
06/30/17	1.71%
05/31/17	-3.27%
04/30/17	0.79%
03/31/17	0.29%
02/28/17	-2.46%
01/31/17	-1.71%
12/31/16	4.61%
11/30/16	9.58%
10/31/16	-4.26%
09/30/16	1.34%
08/31/16	0.25%
07/31/16	4.77%
06/30/16	1.39%
05/31/16	0.10%
04/30/16	-1.08%
03/31/16	3.67%
02/29/16	2.76%
01/31/16	-7.43%
12/31/15	-6.86%
11/30/15	1.67%
10/31/15	9.03%
09/30/15	0.61%
08/31/15	-5.05%
07/31/15	-2.33%
06/30/15	-0.51%
05/31/15	1.33%
04/30/15	-3.26%
03/31/15	2.39%
02/28/15	3.62%
01/31/15	-4.03%
12/31/14	1.63%
11/30/14	-0.45%
10/31/14	4.78%
09/30/14	-6.17%
08/31/14	6.37%
07/31/14	-5.96%
06/30/14	2.88%
05/31/14	0.09%
04/30/14	-0.84%
03/31/14	0.73%
02/28/14	2.49%
01/31/14	-3.19%
12/31/13	2.41%
11/30/13	5.21%
10/31/13	2.83%
09/30/13	5.34%
08/31/13	-3.53%
07/31/13	5.72%
06/30/13	-1.00%
05/31/13	1.22%
04/30/13	0.92%
03/31/13	4.81%
02/28/13	2.58%
01/31/13	6.94%
12/31/12	0.65%
11/30/12	1.92%
10/31/12	-0.24%
09/30/12	2.59%
08/31/12	0.04%
07/31/12	0.33%
06/30/12	3.91%
05/31/12	-7.67%
04/30/12	-1.31%
03/31/12	0.92%
02/29/12	2.67%
01/31/12	3.84%
12/31/11	0.68%
11/30/11	1.26%
10/31/11	14.75%
09/30/11	-9.96%
08/31/11	-5.47%
07/31/11	-1.26%
06/30/11	0.63%
05/31/11	-1.12%
04/30/11	2.56%
03/31/11	3.59%
02/28/11	5.12%
01/31/11	1.08%
12/31/10	4.99%
11/30/10	2.27%
10/31/10	4.53%
09/30/10	8.52%
08/31/10	-4.79%
07/31/10	4.85%
06/30/10	-3.25%
05/31/10	-4.79%
04/30/10	6.02%
03/31/10	6.19%
02/28/10	2.30%
01/31/10	-1.37%
12/31/09	3.40%
11/30/09	2.34%
10/31/09	-2.82%
09/30/09	5.64%
08/31/09	2.19%
07/31/09	6.42%
06/30/09	-0.37%
05/31/09	3.26%
04/30/09	12.65%
03/31/09	5.61%
02/28/09	-10.80%
01/31/09	-6.92%
12/31/08	3.01%
11/30/08	-10.05%
10/31/08	-14.57%
09/30/08	-12.89%
08/31/08	0.40%
07/31/08	1.05%
06/30/08	-3.03%
05/31/08	2.73%
04/30/08	0.80%
03/31/08	-1.56%
02/29/08	-1.41%
01/31/08	-5.68%
12/31/07	-1.07%
11/30/07	-7.25%
10/31/07	3.11%
09/30/07	1.71%
08/31/07	-0.61%
07/31/07	-6.76%
06/30/07	-1.14%
05/31/07	3.79%
04/30/07	2.04%
03/31/07	2.14%
02/28/07	-2.74%
01/31/07	1.15%
12/31/06	-0.38%
11/30/06	0.30%
10/31/06	3.86%
09/30/06	-0.26%
08/31/06	0.62%
07/31/06	-2.36%
06/30/06	2.28%
05/31/06	-5.17%
04/30/06	2.21%
03/31/06	3.85%
02/28/06	-2.54%
01/31/06	10.27%
12/31/05	-0.05%
11/30/05	2.45%
10/31/05	-3.61%
09/30/05	1.09%
08/31/05	-2.55%
07/31/05	7.43%
06/30/05	3.12%
05/31/05	8.36%
04/30/05	-4.59%
03/31/05	-5.56%
02/28/05	1.60%
01/31/05	0.60%
12/31/04	4.97%
11/30/04	10.23%
10/31/04	1.35%
09/30/04	4.45%
08/31/04	-3.77%
07/31/04	-4.88%
06/30/04	5.72%
05/31/04	2.86%
04/30/04	-7.14%
03/31/04	2.33%
02/29/04	5.80%
01/31/04	2.96%
12/31/03	3.36%
11/30/03	3.94%
10/31/03	9.48%
09/30/03	0.71%
08/31/03	2.48%
07/31/03	2.08%
06/30/03	4.19%
05/31/03	9.50%
04/30/03	9.57%
03/31/03	2.86%
02/28/03	-1.77%
01/31/03	-1.83%
12/31/02	-0.26%
11/30/02	3.10%
10/31/02	-0.65%
09/30/02	-3.60%
08/31/02	3.54%
07/31/02	-11.26%
06/30/02	-3.82%
05/31/02	-1.41%
04/30/02	3.75%
03/31/02	9.25%
02/28/02	0.36%
01/31/02	0.00%
12/31/01	4.70%
11/30/01	4.39%
10/31/01	5.56%
09/30/01	-9.33%
08/31/01	-2.01%
07/31/01	-0.82%
06/30/01	0.46%
05/31/01	2.81%
04/30/01	6.16%
03/31/01	-2.33%
02/28/01	-3.83%
01/31/01	0.66%
12/31/00	13.43%
11/30/00	-10.41%
10/31/00	-0.38%
09/30/00	-5.06%
08/31/00	7.89%
07/31/00	-3.30%
06/30/00	8.71%
05/31/00	-3.65%
04/30/00	3.16%
03/31/00	10.21%
02/29/00	-3.05%
01/31/00	-9.28%
12/31/99	7.31%
11/30/99	4.19%
10/31/99	-8.30%
09/30/99	-2.85%
08/31/99	-9.03%
07/31/99	-5.81%
06/30/99	4.49%
05/31/99	2.25%
04/30/99	9.89%
03/31/99	0.00%
02/28/99	-9.25%
01/31/99	-1.50%
12/31/98	2.44%
11/30/98	0.18%
10/31/98	10.60%

12/31/24	18.17%
12/31/23	25.16%
12/31/22	-11.65%
12/31/21	38.79%
12/31/20	-1.11%
12/31/19	17.82%
12/31/18	-24.42%
12/31/17	6.57%
12/31/16	15.63%
12/31/15	-4.34%
12/31/14	1.54%
12/31/13	38.38%
12/31/12	7.35%
12/31/11	10.43%
12/31/10	27.24%
12/31/09	20.04%
12/31/08	-35.69%
12/31/07	-6.16%
12/31/06	12.49%
12/31/05	7.51%
12/31/04	26.18%
12/31/03	53.64%
12/31/02	-2.40%
12/31/01	5.38%
12/31/00	5.03%
12/31/99	-10.43%
12/31/98	13.51%

Calendar Year Total Returns

Holdings and Details

Top Five Sector Allocations03/31/2025

Financials	24.90%
Health Care	14.10%
Consumer Discretionary	12.30%
Industrials	8.90%
Information Technology	7.50%

Total as % of Fund	67.70%

Top Five Industry Allocations03/31/2025

Investment Banks/Brokers	7.70%
Pharmaceuticals: Major	7.50%
Real Estate Investment Trusts	6.80%
Finance/Rental/Leasing	5.70%
Restaurants	4.40%

Total as % of Fund	32.10%

Top Ten Equity Holdings (% of Fund)03/31/2025

Brinker International Inc	4.40%
Corcept Therapeutics Inc	4.10%
Enova International Inc	3.40%
Piper Sandler Companies	3.00%
Coca-Cola Consolidated Inc	3.00%
Evercore Inc	2.70%
PC Connection Inc	2.20%
Houlihan Lokey, Inc.	2.00%
MGIC Investment Corp	1.90%
FTI Consulting Inc	1.80%

Total as % of Fund	28.50%

Region Exposure Top Three03/31/2025

United States	100.00%
Canada	0.00%
United Kingdom	0.00%

Total as % of Fund	100.00%

Holdings are subject to change without notice.
Current and future portfolio holdings are subject to risk.

Fund Characteristics03/31/2025

Ticker	JASCX
Inception Date	10/02/1998
Cusip	470259508
Total Net Assets as of 05/19/2025 ($mil)	$50.00
Price/Earnings Ratio (12m trailing)	16.53
Price/Book Ratio	1.95
Weighted Average Market Capitalization ($ mil)	5,053.4
Median Market Capitalization ($ mil)	3,745.4
Total Number of Equity Issues	86
Total Number of Debt Issues	-??
Portfolio Turnover Rate (annualized as of Fiscal Year-End 11/01/24)	23.00%

Asset Allocation (%)03/31/2025

Market Capitalization Equity Holdings (%)03/31/2025

Fund Operating Expenses11/01/2024

Management Fee	1.21%
Distribution (12b-1) Fee	0.25%
Other Expenses	0.04%
Acquired Fund Fees and Expenses(AFFE)	0.00%
Total Annual Fund Operating Expenses	1.50%

Risk Measures (3yr Trailing)03/31/2025

0.84

Beta

0.92

R-Squared

20.60

Standard Deviation

0.38

Sharpe Ratio

Distributions

EX-Date	Payable Date	Reinvestment Price	Dividend Type	Dividend Amount
12/30/2024	12/31/2024	$38.43	Income	$0.0744
12/05/2024	12/06/2024	$41.08	Long Term Cap Gain	$2.4729
12/28/2023	12/29/2023	$34.97	Income	$0.1062
12/06/2023	12/07/2023	$32.15	Long Term Cap Gain	$0.0939
12/28/2022	12/28/2022	$27.48	Income	$0.1416
12/07/2022	12/07/2022	$28.72	Long Term Cap Gain	$1.6698
12/29/2021	12/30/2021	$33.66	Income	$0.0927
12/29/2020	12/30/2020	$23.95	Income	$0.1251
12/07/2018	12/10/2018	$22.53	Long Term Cap Gain	$1.7170
12/07/2018	12/10/2018	$22.53	Short Term Cap Gain	$0.4194
12/28/2017	12/29/2017	$30.47	Income	$0.1896
12/05/2017	12/06/2017	$29.70	Long Term Cap Gain	$6.4956
12/05/2017	12/06/2017	$29.70	Short Term Cap Gain	$0.8672
12/29/2016	12/30/2016	$35.86	Income	$0.1699
12/30/2015	12/31/2015	$31.42	Income	$0.1223
12/03/2015	12/04/2015	$32.79	Long Term Cap Gain	$1.2407
12/30/2014	12/31/2014	$33.92	Income	$0.0000
12/04/2014	12/05/2014	$33.23	Long Term Cap Gain	$0.0000
12/04/2014	12/05/2014	$33.23	Short Term Cap Gain	$0.0000
12/30/2013	12/31/2013	$32.95	Income	$0.9043
12/28/2012	12/31/2012	$24.10	Income	$0.5120
12/29/2011	12/30/2011	$23.63	Income	$0.0278
03/30/2011	03/31/2011	$23.30	Income	$0.0000
12/30/2010	12/31/2010	$21.36	Income	$0.0323
06/29/2010	06/30/2010	$17.63	Income	$0.0019
03/30/2010	03/31/2010	$18.04	Income	$0.0161
06/30/2009	06/30/2009	$14.18	Income	$0.0178
03/31/2009	03/31/2009	$12.25	Income	$0.0426
06/30/2008	06/30/2008	$20.04	Income	$0.0231
03/31/2008	03/31/2008	$19.98	Income	$0.0223
12/26/2007	12/26/2007	$22.37	Income	$0.0547
06/29/2007	06/29/2007	$24.56	Income	$0.0465
03/30/2007	03/30/2007	$23.50	Income	$0.0239
12/29/2006	12/29/2006	$23.41	Income	$0.0413
12/01/2006	12/01/2006	$23.35	Long Term Cap Gain	$0.2163
12/30/2005	12/30/2005	$20.85	Income	$0.0074
12/01/2005	12/01/2005	$21.35	Long Term Cap Gain	$0.2992
09/30/2005	09/30/2005	$21.12	Income	$0.0344
12/01/2004	12/01/2004	$18.59	Long Term Cap Gain	$0.9965
12/24/2003	12/24/2003	$15.44	Income	$0.0400
09/24/2003	09/24/2003	$13.43	Income	$0.0199
06/25/2003	06/25/2003	$12.30	Income	$0.0203
03/26/2003	03/26/2003	$10.00	Income	$0.0708
12/26/2002	12/26/2002	$10.12	Income	$0.0117
12/31/2001	12/31/2001	$10.40	Income	$0.0129
12/28/1998	12/28/1998	$10.08	Income	$0.0039

NAV History

Previous Year Ending 12/31/24
High	$44.38	11/25/2024
Low	$33.53	01/17/2024

Previous Month Ending 04/30/25
High	$38.41	04/02/2025
Low	$33.53	04/08/2025

Documents

JASCX

Prospectus

Annual

Semi-Annual

SAI

Fact Sheet

Daily NAV & Distributions

Economic Outlook

Annual Outlook from Fund Advisor
Provides recommendation for Investors
Forecast for Economy, Bonds, Stocks and International

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Forms & Reports

Need a specific form or application? From Individual Accounts to Corporate Applications, we have them here!

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Important Disclosure

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-995-2637 or click here to view or download the JASCX prospectus online. To view or download the JASCX prospectus, click here.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends, and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses, and are not available for investment.

Mid, Small and Micro Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat. Fund holdings and sector weightings are subject to change without notice. Past performance is no guarantee of future results.

	Up Capture	Down Capture	Overall
vs. Russell 2000® Index	98.00%	78.00%	126.00%

Bloomberg Barclays U.S. Aggregate Government/Credit Bond Index*	An unmanaged index generally representative of dollar denominated U.S. Treasuries, government related and investment grade U.S. corporate securities that have a remaining maturity greater than one year.
Beta	A measure of a stock's volatility in relation to the overall market.
Dividend Yield	Expressed as a percentage, is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.
Down-Market Capture Ratio	A statistical measure of an investment manager's overall performance in down-markets. The ratio is calculated by dividing the manager's returns by the returns of the index during the down-market and multiplying that factor by 100.
Price/Book Ratio	A financial ratio that compares a company's stock price to its book value per share.
Price/Earnings Ratio	The price-to-earnings (P/E) ratio measures a company's current share price relative to its per-share earnings.
R-squared (R²)	A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.
Russell 1000® Index*	The Russell 1000® Index, a subset of the Russell 3000® Index, represents the 1000 top companies by market capitalization in the United States.
Russell 2000® Index*	An index measuring the performance of approximately 2,000 smallest-cap American companies in the Russell 3000® Index, which is made up of 3,000 of the largest U.S. stocks.
Russell 2000® Value Index*	Refers to a composite of small cap companies located in the United States that also exhibit a value probability.
Russell 3000® Index*	The Russell 3000® Index is a market-capitalization-weighted equity index maintained by FTSE Russell that provides exposure to the entire U.S. stock market.
Russell Microcap® Index*	The Russell Microcap Index is a capitalization-weighted index of almost 1,550 small cap and micro cap stocks that captures the smallest 1,000 companies in the Russell 2000, plus 1,000 smaller U.S.-based listed stocks.
Sharpe Ratio	Measures the performance of an investment compared to a risk-free asset, after adjusting for its risk. It is defined as the difference between the returns of the investment and the risk-free return, divided by the standard deviation of the investment.
Standard Deviation	In statistics, the standard deviation is a measure of the amount of variation or dispersion of a set of values.
Up-Market Capture Ratio	The statistical measure of an investment manager's overall performance in up-markets. The ratio is calculated by dividing the manager's returns by the returns of the index during the up-market and multiplying that factor by 100.
VettaFi US Equity 3000 index	The VettaFi US Equity 3000 Value Index represents large-, mid-, and small-capitalization US stocks that are constituents of SNR3000 and maintain certain characteristics associated with "value" stocks.
VettaFi US Equity Small Cap 2000 index	The VettaFi US Benchmark Indexes are a family of benchmark indexes designed to provide accurate coverage to segments of publicly listed US stocks that together represent over 98% of the market capitalization of the US market. The VettaFi US Equity Small-Cap 2000 Index represents the 1001st through 3000th largest US stocks.
Weighted Average Market Capitilization	Weighted average market cap (WAM) is a metric that measures the average market capitalization of a group of stocks, where each stock's weight is based on its market capitalization relative to the total market capitalization of the group.
Median Market Capitilization	The median market cap is the midpoint of the market capitalizations of a group of stocks.
	*indexes are not managed, one cannot invest directly in an index

Overview

Investment Objective

Fund Resources

Quick Stats04/30/25

Investment Strategy

Daily Prices (NAV)05/19/2025

Fund Performance

Growth of $10,000

Fund Returns

Calendar Year Total Returns

Holdings and Details

Top Five Sector Allocations03/31/2025

Top Five Industry Allocations03/31/2025

Top Ten Equity Holdings (% of Fund)03/31/2025

Region Exposure Top Three03/31/2025

Top Five Contributors to Performance03/31/2025

Bottom Five Contributors to Performance03/31/2025

Fund Characteristics03/31/2025

Asset Allocation (%)03/31/2025

Market Capitalization Equity Holdings (%)03/31/2025

Fund Operating Expenses11/01/2024

Capture Ratios (3yr Trailing)03/31/2025

Risk Measures (3yr Trailing)03/31/2025

Distributions

NAV History

Documents

Daily NAV & Distributions

Economic Outlook

Forms & Reports

Important Disclosure