# North Square Small Cap Value Fund Investor Class Shares (DRSVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/drsvx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2003-12-31 This fund primarily concentrates on equity investments, committing at least 80% of its total capital (which can include borrowed funds) to common shares of smaller companies. These companies are chosen based on their market capitalization, which, at the time of acquisition, must be comparable to enterprises listed within the Russell 2000® Value Index. Up to 20% of the fund's portfolio may also be directed towards international securities, encompassing those from emerging markets, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) traded on U.S. exchanges. F... ## Key Facts | Metric | Value | |---|---| | Price | $22.31 | | Expense Ratio | 1.30% | | Assets Under Management | $198.8M | | NAV | $22.31 | | Holdings Count | — | | Distribution Yield (TTM) | 0.82% | | Annual Distribution (TTM) | $0.18 /share | | Distribution Frequency | Annual | | 52-Week Range | $17.48 – $23.48 | | Beta | 0.84 | ## Latest Distribution - Amount: $0.1820 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-19 ## Frequently Asked Questions ### What does DRSVX invest in? This fund primarily concentrates on equity investments, committing at least 80% of its total capital (which can include borrowed funds) to common shares of smaller companies. These companies are chosen based on their market capitalization, which, at the time of acquisition, must be comparable to enterprises listed within the Russell 2000® Value Index. Up to 20% of the fund's portfolio may also be directed towards international securities, encompassing those from emerging markets, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) traded on U.S. exchanges. Furthermore, the fund has the flexibility to allocate up to 20% of its assets to high-quality debt instruments, regardless of their duration. ### What is the expense ratio of DRSVX? North Square Small Cap Value Fund Investor Class Shares (DRSVX) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DRSVX? North Square Small Cap Value Fund Investor Class Shares (DRSVX) manages $198.8M 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 DRSVX actively managed or an index fund? DRSVX 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 (DRSVX's is 1.30%) because there's no security selection cost. ### When was DRSVX launched? North Square Small Cap Value Fund Investor Class Shares (DRSVX) launched in December 2003 and is managed by the fund issuer. ### How has DRSVX performed? DRSVX'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 DRSVX pay a dividend? North Square Small Cap Value Fund Investor Class Shares (DRSVX) currently distributes little or no income. Trailing-twelve-month yield is 0.82%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DRSVX pay dividends? North Square Small Cap Value Fund Investor Class Shares pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DRSVX's dividend yield? DRSVX's trailing-twelve-month yield is 0.82%, calculated from the sum of dividends over the past year divided by the current price. ### When is DRSVX's next ex-dividend date? The most recently announced ex-dividend date for DRSVX was 2025-12-19. 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 DRSVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.30% 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 DRSVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DRSVX'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 DRSVX cost more than a fund like VOO? DRSVX is a passive index fund (current expense ratio 1.30%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to DRSVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DRSVX (1.30%) 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/drsvx - Distribution history: https://www.dividenddata.com/funds/drsvx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/drsvx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/drsvx/expenses - Peer comparison: https://www.dividenddata.com/funds/drsvx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.