Silvercrest Small Cap Fund  (ASCTX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 08/16/2019

$14.75
+$0.32 (+2.22%)

Overall Morningstar Rating



Rated against 633 Small Blend funds as of 07/31/2019

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2019

Fund Inception 12/27/2011

YTD 1YR 3YR 5YR 10YR INCEP.
ASCTX 15.49 -3.23 8.92 5.82 - 10.53
Russell 2000® Value Index 13.47 -6.24 9.81 5.39 12.40 10.59
Russell 2000® Index 16.98 -3.31 12.30 7.06 13.45 11.88
View Monthly & Quarterly Performance Details

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 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses.

Expense Ratios

  • Gross Expense Ratio: 1.43%
  • Net Expense Ratio: 1.39%
  • Expense Cap Expiration Date: 03/01/2020

Read Important Investment Disclosures

Objective

The Fund seeks to provide long-term capital appreciation by investing in a portfolio of small cap stocks.

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking for exposure to U.S. small cap stocks.
  • Disciplined investment process that seeks to buy quality at a discount
  • Investment team has more than 20 years of experience working together focused on small cap investing

Fund Managers

Roger W. Vogel, CFA

Managing Director

Read Full Bio

Performance

Performance

Read Important Investment Disclosures

Returns & Distributions

As of 06/30/2019

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $1.561400 $0.003500 $0.354800 $1.203100
      Dec 27, 2017 $1.482200 $0.035800 $1.446400
      Dec 27, 2016 $0.127200 $0.127200
      Dec 30, 2015 $0.589900 $0.037800 $0.003400 $0.548700
      Dec 30, 2014 $0.327100 $0.024700 $0.066800 $0.235600
      Dec 30, 2013 $0.513300 $0.000800 $0.278100 $0.234400
      Dec 28, 2012 $0.139600 $0.108100 $0.030500 $0.001000

Growth of $10,000 (Hypothetical)

Since Inception 12/27/2011 to 07/31/2019 = $21,409.49

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

As of: 06/30/2019

IBERIABANK Corp 3.10%
BancorpSouth Bank 3.05%
Independent Bank Corp [MA] 2.92%
Selective Insurance Group Inc 2.89%
Brooks Automation Inc 2.79%
Glacier Bancorp Inc 2.49%
QTS Realty Trust Inc, Class A 2.48%
ESCO Technologies Inc 2.42%
ONE Gas Inc 2.38%
CVB Financial Corp 2.38%
% in Top 10 Holdings 26.90%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 07/31/2019

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 06/30/2019

Investment Approach

Investment Approach

Silvercrest Small Cap Fund

Silvercrest seeks to assemble a diversified portfolio of companies that can potentially deliver 3-5 year growth in the mid single- to low double-digit range of cash flow, EPS, sales and/or book value. Careful attention to valuation enables Silvercrest to take advantage of marketplace mis-pricings in order to invest in these companies at opportune moments, giving them the potential to benefit from an upward revaluation compounded by the companies’ intrinsic growth. With strong financial profiles and high market shares, their companies are also logical candidates for acquisition by either larger firms or financial buyers. Silvercrest believes this approach gives them a reasonable chance to earn a low to mid double-digit return with volatility at or below that of the benchmark indices.


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About

About Silvercrest Asset Management Group

Background

Silvercrest Asset Management specializes in seeking to create highly disciplined, quality-oriented equity strategies.

Learn More

Founded

2002


Headquarters

New York, NY


AUM

$15.3B

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