# Clarkston Partners Fund Institutional Class (CISMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cismx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2015-09-15 Under typical market conditions, the fund predominantly channels its investments into equity securities issued by U.S. companies with small and medium market capitalizations. Its holdings within this equity category may encompass common stocks, preferred stocks, and convertible securities. The fund also retains the flexibility to invest in international equity markets through American Depositary Receipts (ADRs). The Adviser's selection process focuses on identifying high-quality businesses that are perceived as undervalued relative to their anticipated long-term free cash flows. It is impor... ## Key Facts | Metric | Value | |---|---| | Price | $14.25 | | Expense Ratio | 1.00% | | Assets Under Management | $696.7M | | NAV | $14.25 | | Holdings Count | — | | Distribution Yield (TTM) | 4.12% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Annual | | 52-Week Range | $11.91 – $14.61 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.5867 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-17 ## Frequently Asked Questions ### What does CISMX invest in? Under typical market conditions, the fund predominantly channels its investments into equity securities issued by U.S. companies with small and medium market capitalizations. Its holdings within this equity category may encompass common stocks, preferred stocks, and convertible securities. The fund also retains the flexibility to invest in international equity markets through American Depositary Receipts (ADRs). The Adviser's selection process focuses on identifying high-quality businesses that are perceived as undervalued relative to their anticipated long-term free cash flows. It is important to note that this fund is classified as non-diversified. ### What is the expense ratio of CISMX? Clarkston Partners Fund Institutional Class (CISMX) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CISMX? Clarkston Partners Fund Institutional Class (CISMX) manages $696.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CISMX actively managed or an index fund? CISMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CISMX's is 1.00%) in exchange for the discretion to over- or under-weight positions. ### When was CISMX launched? Clarkston Partners Fund Institutional Class (CISMX) launched in September 2015 and is managed by the fund issuer. ### How has CISMX performed? CISMX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CISMX pay a dividend? Clarkston Partners Fund Institutional Class (CISMX) currently distributes little or no income. Trailing-twelve-month yield is 4.12%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CISMX pay dividends? Clarkston Partners Fund Institutional Class pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CISMX's dividend yield? CISMX's trailing-twelve-month yield is 4.12%, calculated from the sum of dividends over the past year divided by the current price. ### When is CISMX's next ex-dividend date? The most recently announced ex-dividend date for CISMX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will CISMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CISMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CISMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CISMX cost more than a fund like VOO? CISMX is actively managed (current expense ratio 1.00%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether CISMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to CISMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CISMX (1.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cismx - Distribution history: https://www.dividenddata.com/funds/cismx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cismx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cismx/expenses - Peer comparison: https://www.dividenddata.com/funds/cismx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.