Small Cap Fund

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

FUND FACTS

Share Class

Ticker

Inception Date

Expense Ratio (Gross/Net)

Minimum Initial Investment

12b-1 Fees

Class N

SSSFX

10/1/2003

1.34%/1.26%*

$2,000

0.25%

Class I

SSSIX

9/30/2009

1.09%/1.01%*

$100,000

-

*Contractual waivers are in effect through February 16, 2022.

 

CHARACTERISTICS as of 12/31/2020

Fund

Fund Assets

Holdings

5-Year Turnover

Weighted Avg. Market Cap

Small Cap Fund

$237 million

25

24.4%

$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.
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

As of 02/25/2021

Ticker

NAV

Daily Change ($)

SSSFX

$30.17

-$0.81

SSSIX

$30.83

-$0.82

 

PERFORMANCE

Month-end Performance as of 01/31/2021

1 Month

QTD

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

SSSFX (%)

3.16

3.16

3.16

27.56

6.11

11.99

9.15

10.17

SSSIX (%)

3.17

3.17

3.17

27.90

6.36

12.27

9.42

12.86

Russell 2000 (%)

5.03

5.03

5.03

30.17

11.11

16.50

11.78

10.00

Russell 2000 Value (%)

5.26

5.26

5.26

16.42

5.08

12.34

9.21

8.56

Quarter-end Performance as of 12/31/2020

1 Month

QTD

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

SSSFX (%)

6.50

29.58

14.08

14.08

5.35

10.41

8.93

10.02

SSSIX (%)

6.50

29.68

14.37

14.37

5.61

10.67

9.21

12.65

Russell 2000 (%)

8.65

31.37

19.96

19.96

10.24

13.25

11.20

9.74

Russell 2000 Value (%)

7.92

33.36

4.63

4.63

3.72

9.65

8.66

8.28

Calendar year performance

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

SSSFX (%)

14.08

35.43

24.34

18.03

18.90

15.99

4.46

41.98

18.97

5.76

48.35

32.21

34.21

7.48

11.36

0.64

24.28

SSSIX (%)

14.37

35.81

24.17

18.35

19.10

15.74

4.24

42.34

19.28

6.09

48.84

Russell 2000 (%)

19.96

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 (%)

4.63

22.39

12.86

7.84

31.74

7.47

4.22

34.52

18.05

5.50

24.50

20.58

28.92

9.78

23.48

4.71

22.25

SSSFX: SouthernSun Small Cap Fund (N). Inception Date: October 1, 2003
SSSIX: SouthernSun Small Cap Fund (I). Inception Date: September 30, 2009 
Since inception performance for the index is using the Fund’s Class N shares on October 1, 2003. 
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 and current performance may be lower or higher than the performance quoted. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns of the Fund are net of expenses, and the returns of the indices exclude expenses. One‐year, three‐year, five‐year, ten‐year, and since inception returns are annualized averages and do not mean the manager achieved the stated return in each year. Periods less than one year are not annualized. The performance information shown for periods prior to February 16, 2021 is that of the predecessor to the Fund, AMG SouthernSun Small Cap Fund, a series of AMG Funds LLC, which was reorganized into the Fund on February 16, 2021, and was managed by AMG Funds LLC and sub-advised by SouthernSun Asset Management, LLC with the same investment objective and substantially similar investment policies as those of the Fund. The performance information shown for periods prior to March 31, 2014 is that of the predecessor to the Fund, SouthernSun Small Cap Fund, a series of Northern Lights Fund Trust, which was reorganized into the Fund on March 31, 2014, and was managed by SouthernSun Asset Management, LLC with the same investment objective and substantially similar investment policies as those of the Fund. 

HOLDINGS as of 12/31/2020

Ticker 

Name 

GICS Sector 

% of Fund 

BCO

The Brink's Co

Industrials

6.96%

DAR

Darling Ingredients, Inc.

Consumer Staples

6.67%

STAY

Extended Stay America, Inc.

Consumer Discretionary

5.55%

DY

Dycom Industries, Inc.

Industrials

5.51%

CR

Crane Co.

Industrials

5.46%

AGCO

AGCO Corp.

Industrials

5.12%

TKR

Timken Co

Industrials

4.97%

PII

Polaris, Inc.

Consumer Discretionary

4.69%

SAFM

Sanderson Farms Inc.

Consumer Staples

4.53%

THOR

Thor Industries, Inc.

Consumer Discretionary

4.34%

NGVT

Ingevity Corp.

Materials

4.24%

CLH

Clean Harbors, Inc.

Industrials

4.19%

SCL

Stepan Co.

Materials

3.68%

BDC

Belden, Inc.

Information Technology

3.61%

TMX

Terminix Global Holdings Inc.

Consumer Discretionary

3.50%

MUSA

Murphy USA Inc.

Consumer Discretionary

3.45%

HRC

Hill-Rom Holdings Inc.

Health Care

3.12%

FTDR

Frontdoor Inc.

Consumer Discretionary

2.69%

KOP

Koppers Holdings Inc.

Materials

2.68%

DORM

Dorman Products, Inc.

Consumer Discretionary

2.45%

EPAC

Enerpac Tool Group Corp.

Industrials

2.44%

MGPI

MGP Ingredients, Inc.

Consumer Staples

1.98%

AEGN

Aegion Corp.

Industrials

1.91%

BR

Broadridge Financial Solutions, Inc.

Information Technology

1.79%

EGOV

NIC Inc.

Information Technology

0.25%

Cash & Equivalents

Cash

4.22%

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-20

$0.0630 

— 


$0.0630

16-Dec-19

$1.2797

$0.0117


$1.2680

27-Dec-18

$0.8977



$0.8977 

28-Dec-15

$2.3574

$0.0249


$2.3325

26-Dec-14

$2.1384



$2.1384

27-Mar-14

$2.0747 


$0.1510

$1.9238

20-Dec-13

$1.6664


$0.2311

$1.4353

20-Dec-12

$0.8849 

$0.1048

$0.1789 

$0.6012

22-Dec-11

$1.2394 


$0.4232 

$0.8162

22-Dec-08

$0.1800 


$0.0945

$0.0855

19-Dec-07

$0.9702


$0.0898

$0.8804

28-Dec-06

$0.2299


— 

$0.2299

29-Aug-06

$0.0415

$0.0415


29-Dec-05

$0.1305

$0.0725

$0.0450

$0.0130

28-Dec-04

$0.0450

$0.0450

Class I Distributions

Ex-Date

Name 

Income

Short-term Cap Gains

Long-term Cap Gains

16-Dec-20

$0.0788

$0.0158


$0.0630

16-Dec-19

$1.3420 

$0.0740


$1.2680 

27-Dec-18

$0.8977 



$0.8977 

27-Dec-16

$0.0548 

$0.0548 



28-Dec-15

$2.4766

$0.1051


$2.3715

26-Dec-14

$2.1779

$0.0119 


$2.1660 

27-Mar-14

$2.0747


$0.1510

$1.9238 

20-Dec-13

$1.6774

$0.0110 

$0.2311 

$1.4353 

20-Dec-12

$0.9360 

$0.1559 

$0.1789 

$0.6012

22-Dec-11

$1.2394


$0.4232

$0.8162

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. All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
Small-Capitalization Stock Risk— Small capitalization companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small capitalization stocks may be more volatile than those of larger companies. Small capitalization stocks may be traded over-the-counter or listed on an exchange
Non-Diversified Fund Risk— The Fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. To the extent that the Fund invests its assets in a smaller number of issuers, the Fund will be more susceptible to negative events affecting those issuers than a diversified fund.
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.
The SouthernSun funds are distributed by SEI Investments Distribution Co. (SIDCO). The Funds are managed by SouthernSun Asset Management, LLC. SIDCO is not affiliated with SouthernSun Asset Management, LLC or any of its affiliates. SIDCO is a member of FINRA/SIPC. FINRA Broker Check.


SouthernSun Asset Management Completes Management–Led Buyout.




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