Congress Small Cap Growth Fund

Frequently Asked Questions About CSMVX

What does CSMVX invest in?

The primary strategy for this fund to meet its investment goals involves committing a minimum of 80% of its net capital (along with any borrowed funds used for investment) to the ordinary shares of small-capitalization enterprises. The fund's advisor designates small-cap firms as those possessing market valuations that do not exceed the peak market capitalization observed within the Russell 2000® Growth Index over the past twelve months. Although investments can be made across the entire spectrum of economic sectors, the fund retains the discretion to emphasize specific industries or market segments during different periods.

What is the expense ratio of CSMVX?

Congress Small Cap Growth Fund (CSMVX) charges an expense ratio of 1.26%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CSMVX?

Congress Small Cap Growth Fund (CSMVX) manages $2.14B 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 CSMVX actively managed or an index fund?

CSMVX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CSMVX's is 1.26%) because there's no security selection cost.

When was CSMVX launched?

Congress Small Cap Growth Fund (CSMVX) launched in February 2000 and is managed by the fund issuer.

How has CSMVX performed?

CSMVX'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.