Summary
The contrarian fund seeks to invest in small cap companies based in the U.S. and Canada.
Using the book value and cash flow measures, the investment process screens the list of 8,000 names to less than 300 for additional fundamental due diligence. The fund concentrates on its best ideas and most undervalued industry as estimated by its research team.
Investment process is designed to located companies that are out of favor with investors and trading at a deep discount to estimated value by the analyst team.
With
Link
Directors
Mar 7, 2024- SCOTT L. BARBEE
- DAVID A. GIANNINI
- JORDAN F. NASIR
- ANDREW R. BACAS
- ESKANDER MATTA
Chief Compliance Officer
- JUSTIN P. HARRISON
Fund Manager(s)
Price
Company Name |
Holding |
| International Petroleum Corp | 7.45 % |
| Amerigo Resources Ltd | 6.3 % |
| MEG Energy Corp | 5.41 % |
| Hallador Energy Co | 4.56 % |
| Kenmare Resources PLC | 4.47 % |
| Natural Gas Services Group Inc | 4.13 % |
| Bank of Cyprus Holdings PLC | 4.07 % |
| Equinox Gold Corp | 3.81 % |
| Interfor Corp | 3.57 % |
| Capital Ltd | 3.44 % |
| More |
Performance
YTD
5.2%
3 Year
41.72%
5 Year
146.67%
Best
91.44%
2009
Worst
-51.2%
2008
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 1.7% | 8.6% | 18.1% | 15.1% | -38.7% | 15.7% | 1.3% | - | 24% | -5.2% |
| Q2 | 1.2% | -2.7% | -15.6% | 17.1% | 47.2% | -4% | 4.1% | -3.3% | 17.9% | 8.5% |
| Q3 | - | 1.6% | -7.7% | -4.3% | 2.3% | -0.4% | -4.8% | -0.2% | 9.4% | -15.9% |
| Q4 | - | 6.6% | 19.9% | 6.8% | 20.4% | 10.4% | -16.6% | 21.2% | 6.7% | -12.1% |
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5% | -1.6% | 8.7% | 1.2% | - | - | - | - | - | - | - | - |
| 2023 | 11% | -3% | 0.8% | -1% | -7.9% | 6.8% | 4.9% | -3.8% | 0.8% | -1.9% | 7.2% | -2.1% |
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5% | 11% | 10% | 38% | 11% | 23% | -17% | 17% | 0% | -24% |
Alpha
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| AVALX | 5% | 11% | 10% | 38% | 11% | 23% | -17% | 17% | - | -24% |
| Russell 2000 | - | - | -15% | 26% | 2% | 20% | -15% | 6% | 29% | -9% |
| Alpha | 5% | 11% | 26% | 11% | 9% | 3% | -2% | 12% | - | -15% |