What is CSF?

CSF tracks an index of 500 US small-cap stocks, screened for positive earnings and weighted by volatility. The fund can hold up to 75% cash in market downturns.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CSF -9.85% -8.88% -8.85% -15.73% 17.98% 3.87% --
CSF (NAV) -9.73% -8.91% -8.66% -15.66% 18.00% 4.23% --
MSCI USA Small Cap Index -9.51% -1.27% -1.33% -12.26% 25.36% 6.37% 9.13%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CSF Factset Analytics Insight

CSF offers small-cap exposure with downside protection. The Index screens out companies with negative earnings in any of the last four quarters, then selects 500 constituents and overweights those with low price volatility. The index applies a 25% sector cap and reconstitutes every March and September. Furthermore, in the event of a 10% decline in its equity holdings, 75% of the portfolio will be liquidated. CSF will move back into stocks gradually if the market continues to decline, or immediately if the market recovers. This sort of rules-based market timing can help limit losses, though there is a risk that the fund will act too late (moves in and out of cash only occur at month-end). CSF's sector exposures reflect the market well, though its earnings screen and low-vol weighting seem to create a value tilt.

CSF Summary Data

08/01/14
0.37%
$82.62M
Nasdaq Victory U.S. Small Cap 500 Long/Cash Volatility Weighted Index
MSCI USA Small Cap Index
Open-Ended Fund

Peers

MSCI USA Small Cap Index

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
+$0.01B 90 Days

CSF Portfolio Data

$515.98M
11.72
1.83
1.69%
N/A
499

CSF Index Data

Nasdaq Victory U.S. Small Cap 500 Long/Cash Volatility Weighted Index
Technical
Multi-Factor
MSCI USA Small Cap Index

CSF Portfolio Management

0.37%
-0.52%
-0.41%
-0.67%

CSF Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

CSF Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of CSF. CSF is rated a 5 out of 5.

CSF Tradability

9,723
$527.96K
6,635
$365.06K
0.16%
$0.09
0.01%
0.38% / -0.55%
None
100.00%
50,000
0.13
0.03%
0.05%
0
$49.69
5

CSF Sector/Industry Breakdown

CSF Segment
Benchmark
25.29% --
9.35% --
5.93% --
5.64% --
5.50% --
5.31% --
4.99% --
4.73% --
4.70% --
4.51% --

CSF Performance Statistics

0.64
0.43
0.37
0.40
1.05%
MSCI USA Small Cap Index

CSF Countries

CSF Segment
Benchmark
100.00% 100.00%

CSF Regions

CSF Segment
Benchmark
100.00% 100.00%

CSF Economic Development

CSF Segment
Benchmark
100.00% 100.00%
0.00% 0.00%

CSF Benchmark Comparison Holdings

499
1935
493
16.68%

CSF Benchmark Comparison Summary

CSF Segment
Benchmark
499 1935
$515.98M $4.96B
11.72 22.30
1.83 2.32
1.41% 1.33%
High Low

CSF Benchmark Comparison Market Cap Size

CSF Segment
Benchmark
0.00% 1.13%
5.39% 72.35%
20.80% 24.40%
0.07% 2.10%