Palm Valley Capital Fund Investor Class

Frequently Asked Questions About PVCMX

What does PVCMX invest in?

The fund's central goal is to generate substantial overall returns over an extended period. Its primary method for reaching this aim is by allocating capital mainly to a diversified array of common shares from small-capitalization (small-cap) businesses. A significant portion of these equity investments will be in U.S.-based small-cap companies. Although common stocks form the backbone of its holdings, the fund retains the option to diversify into equity instruments of Real Estate Investment Trusts (REITs), convertible debt, and obligations issued by the U.S. government. To mitigate potential downside, the Adviser employs a dynamic and strategic approach when determining the fund's cash allocation.

What is the expense ratio of PVCMX?

Palm Valley Capital Fund Investor Class (PVCMX) charges an expense ratio of 1.26%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PVCMX?

Palm Valley Capital Fund Investor Class (PVCMX) manages $217.7M 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 PVCMX actively managed or an index fund?

PVCMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PVCMX's is 1.26%) in exchange for the discretion to over- or under-weight positions.

When was PVCMX launched?

Palm Valley Capital Fund Investor Class (PVCMX) launched in June 2019 and is managed by the fund issuer.

How has PVCMX performed?

PVCMX'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.