Small Cap Fund

The Fund’s objective seeks to provide long term capital appreciation by investing in small cap U.S. companies.

Share Class

Ticker

Inception Date

Expense Ratio (Gross/Net)

Minimum Initial Investment

12b-1 Fees

Class N

SSSFX

10/1/2003

1.25%/1.25%

2000

0.25%

Class I

SSSIX

9/30/2009

1.00%/1.00%

100000

Characteristics


Fund Assets

Holdings

5-Year Turnover

Weighted Average Market Cap

Small Cap Fund

$168 million

26

24.35%

$3.6 billion

Fund Information

The Fund generally invests in companies with market capitalizations within the trailing twelve month range of the Russell 2000 Index (at initiation of position). The Fund typically invests in 20-40 companies the manager believes are niche dominant and attractively valued with financial flexibility and uniquely fitted management teams We seek to invest in companies which we believe have 50-100% upside over a 3-5 year time period at initial purchase.

 

Documents

Factsheet
Commentary
Summary Prospectus
Prospectus
Semi-Annual Fund Report
Annual Fund Report

Before investing in any SouthernSun funds, you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. The Prospectus and Summary Prospectus contain this and other important information. Please read the Prospectus and Summary Prospectus carefully before investing.

Prices & Performance

as of 11/16/2020

NAV

Daily Change ($)

Daily Change (%)

MTD

QTD

YTD

SSSFX1

$25.87

$0.85

3.4%

SSSIX2

$26.43

$0.87

3.4%

Month-end Performance

as of 10/31/2020

1 Month

3 Month

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

SSSFX1

4.6%

6%

-7.9%

0.95%

-1.51%

4.13%

8.47

8.75%

SSSIX2

4.65%

6.11%

-7.71%

1.19%

-1.25%

4.39%

8.76

10.69%

Russell 2000

2.09%

4.24%

-6.77%

-0.14%

2.19%

7.27%

9.64%

8.23%

Russell 2000 Value

3.58%

4.08%

-18.74%

-13.92%

-4.05%

3.71%

7.06%

6.77%

Quarter-end Performance

as of 9/30/2020

1 Month

3 Month

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

SSSFX1

-4.87%

SSSIX2

Russell 2000

Russell 2000 Value

Calendar year performance

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

SSSFX1

35.43%

-24.34%

18.03%

18.9%

-15.99%

-4.46%

41.98%

18.97%

5.76%

48.35%

32.21%

-34.21%

7.48%

11.36%

0.64%

24.28%

SSSIX2

35.81%

-24.17%

18.35%

19.1%

-15.74%

-4.24%

42.34%

19.28%

6.09%

48.84%

Russell 2000

25.52%

-11.01%

14.65%

21.31%

-4.41%

4.89%

38.82%

16.35%

-4.18%

26.85%

27.17%

-33.79%

-1.57%

18.37%

4.55%

18.33%

Russell 2000 Value

22.39%

-12.86%

7.84%

31.74%

-7.47%

4.22%

34.52%

18.05%

-5.5%

24.5%

20.58%

-28.92%

-9.78%

23.48%

4.71%

22.25%

 

1SSSFX: SouthernSun Small Cap Fund (N). Inception Date: October 1, 2003

2SSSIX: SouthernSun Small Cap Fund (I). Inception Date: September 30, 2009

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Holdings

 as of 9/30/2020

Ticker 

Name 

GICS Sector 

% of Fund 

DAR

Darling Ingredients Inc

Consumer Staples

7.07%

BCO

Brink's Co

Industrials

6.09%

DY

Dycom Industries Inc

Industrials

6.09%

AGCO

AGCO Corp

Industrials

5.45%

TKR

Timken Co

Industrials

5.44%

STAY

Extended Stay America Inc

Consumer Discretionary

5.4%

PII

Polaris Inc

Consumer Discretionary

4.37%

CR

Crane Co

Industrials

3.91%

BR

Broadridge Financial Solutions Inc

Information Technology

3.83%

SAFM

Sanderson Farms Inc

Consumer Staples

3.8%

THO

Thor Industries Inc

Consumer Discretionary

3.75%

BDC

Belden Inc

Information Technology

3.74%

TRN

Trinity Industries Inc

Industrials

3.7%

CLH

Clean Harbors Inc

Industrials

3.7%

SCL

Stepan Co

Materials

3.67%

SERV

ServiceMaster Global Holdings Inc

Consumer Discretionary

3.41%

HRC

Hill-Rom Holdings Inc

Health Care

3.28%

MUSA

Murphy USA Inc

Consumer Discretionary

3.18%

KOP

Koppers Holdings Inc

Materials

2.93%

EPAC

Enerpac Tool Group Corp, Class A

Industrials

2.87%

NGVT

Ingevity Corp

Materials

2.75%

AEGN

Aegion Corp, Class A

Industrials

1.76%

FTDR

Frontdoor Inc

Consumer Discretionary

1.63%

DORM

Dorman Products Inc

Consumer Discretionary

1.29%

OVV

Ovintiv Inc

Energy

0.62%

EGOV

NIC Inc

Information Technology

0.22%

Cash & Equivalents

Cash

6.05%

The above holdings do not represent all of the securities purchased, sold, or recommended for the Fund. Discussion of particular investments is not a recommendation to buy or sell any security and holdings are subject to change.

Distributions

Class N Distributions

Ex-Date

Total Distribution

Income

Short-term Cap Gains

Long-term Cap Gains

16-Dec-19

$1.28

$0.01

-

1.268

27-Dec-18

$0.90

-

-

$0.90

28-Dec-15

$2.36

$0.02

-

2.3325

26-Dec-14

$2.14

-

-

2.1384

27-Mar-14

$2.07

-

0.15096

$1.92

20-Dec-13

$1.67

-

$0.23

$1.44

20-Dec-12

$0.88

$0.10

$0.18

$0.60

22-Dec-11

$1.2394

-

$0.42

$0.82

22-Dec-08

$0.18

-

$0.09

$0.09

19-Dec-07

$0.97

-

$0.09

$0.88

28-Dec-06

$0.23

-

-

$0.23

29-Aug-06

$0.04

$0.04

-

-

29-Dec-05

$0.13

$0.07

$0.05

$0.01

28-Dec-04

$0.05

-

$0.05

Text

Class I Distributions

Ex-Date

Total Distribution

Income

Short-term Cap Gains

Long-term Cap Gains

ec 16, 2019

$1.34

$0.07

-

$1.27

27-Dec-18

$0.90

-

-

$0.90

27-Dec-16

$0.05

$0.05

-

-

28-Dec-15

$2.48

$0.11

-

$2.37

26-Dec-14

$2.18

$0.01

-

$2.17

27-Mar-14

$2.07

-

$0.15

$1.92

20-Dec-13

$1.68

$0.01

$0.23

$1.44

20-Dec-12

$0.94

$0.16

$0.18

$0.60

22-Dec-11

$1.24

-

$0.42

$0.82

Important Disclosures:
• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice.
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account.
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account. Moreover, the effect of certain market or conditions may have impacted the performance composite data shown and may differ from the performance of your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited. Regulatory Disclosures: This material is provided for informational purposes only and is only directed at persons who may lawfully receive it. You should satisfy yourself that you are lawfully permitted to receive this. This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice. Past performance is not a reliable indicator of future performance. SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser. SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSun Asset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority. Notice to professional clients in the United Kingdom and Europe: SouthernSun Asset Management, LLC and its affiliates are permitted to provide advice in the United Kingdom to professional clients only. For this reason, the information contained herein is only permitted for individuals or firms who would fall within the definition of a professional client as defined by the Financial Conduct Authority’s rules. Notice to wholesale clients in Australia: SouthernSun Asset Management, LLC is exempt from the requirement to hold an Australian financial services license by operation of ASIC Class Order 03/1100: US SEC regulated financial service providers. Notice to recipients in Israel: The information contained herein is only permitted for individuals who are an “Investor” within the meaning of such term in section 15A(b)(1) of the Israeli Securities Law. © 2020 SouthernSun Asset Management, LLC. All Rights Reserved.


SouthernSun Asset Management Completes Management–Led Buyout.




X