NASDAQ • Last print unknown ago
$22.55—Stale · unknown old
The LSV Small Cap Value Fund (LVAQX) focuses on investing in undervalued small-cap stocks across various sectors, primarily within the U.S. market. Its competitive advantage lies in a disciplined value investment approach, leveraging quantitative models to identify mispriced securities.
The fund generates revenue primarily through management fees based on a percentage of AUM, typically around 1% annually. This model benefits from economies of scale as AUM increases, allowing for lower operational costs relative to revenue.
Changes in small-cap equity valuations driven by market sentiment
Performance relative to benchmark indices such as the Russell 2000
Inflows/outflows of capital based on investor sentiment towards small-cap stocks
Macroeconomic indicators affecting small-cap growth prospects
Regulatory changes affecting asset management fees and structures
Market volatility impacting small-cap stock performance
Increased competition from passive investment vehicles and ETFs
Market share loss to larger funds with lower fees
Liquidity risks associated with sudden capital outflows
Potential impact of rising operational costs on margins
high - Small-cap stocks typically perform well in economic recoveries as they are more sensitive to domestic economic growth.
Rising interest rates can lead to increased borrowing costs for small-cap companies, potentially impacting their growth and profitability, which may affect fund performance.
minimal - The fund is not directly credit-dependent, but broader credit conditions can influence small-cap valuations.
value - The fund appeals to value-oriented investors looking for undervalued small-cap opportunities.
moderate - Historically, small-cap funds exhibit higher volatility compared to large-cap funds, with a beta typically around 1.2.