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Trending ETFs

EIC Value Fund

mutual fund
EICCX
Payout Change
Pending
Price as of:
$16.36 -0.09 -0.55%
primary theme
U.S. Large-Cap Value Equity
EICCX (Mutual Fund)

EIC Value Fund

Payout Change
Pending
Price as of:
$16.36 -0.09 -0.55%
primary theme
U.S. Large-Cap Value Equity
EICCX (Mutual Fund)

EIC Value Fund

Payout Change
Pending
Price as of:
$16.36 -0.09 -0.55%
primary theme
U.S. Large-Cap Value Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

EIC Value Fund

EICCX | Fund

$16.36

$265 M

2.68%

$0.44

2.02%

Vitals

YTD Return

2.2%

1 yr return

12.4%

3 Yr Avg Return

6.8%

5 Yr Avg Return

10.5%

Net Assets

$265 M

Holdings in Top 10

41.5%

52 WEEK LOW AND HIGH

$16.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.02%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 41.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

EIC Value Fund

EICCX | Fund

$16.36

$265 M

2.68%

$0.44

2.02%

EICCX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.70%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    EIC Value Fund
  • Fund Family Name
    Equity Investment Corp
  • Inception Date
    Jul 18, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ian Zabor

Fund Description

The Fund, under normal circumstances, primarily invests in common stocks of U.S. companies. The Fund may invest in the stocks of companies of all capitalization sizes.

The Fund invests in companies the Adviser believes are well-managed, structurally sound, and selling at a discount to their value as an ongoing business entity. The Adviser attempts to avoid investing in companies that appear to be inexpensive relative to their historical records, but are actually in long-term structural decline (i.e., “value traps”).

Starting with the Russell 3000® universe, the Adviser attempts to identify companies it believes have strong and stable returns on invested capital (“ROIC”), returns on equity (“ROE”), and, preferably, earnings growth. The Adviser may also identify companies through the use of traditional news sources and non-opinionated research and by monitoring companies with recent and significant price declines. Once a potential candidate is identified, the Adviser determines whether the company is selling at a discount to its value as an ongoing business entity based upon the Adviser’s in-house valuation models, which rely on ROE and earnings growth as key inputs.

After the Adviser identifies a company it believes is selling at a meaningful discount to its value as an ongoing concern, the Adviser employs a comprehensive set of web-based analytics to facilitate financial statement and ratio analysis which helps the Adviser to identify and avoid companies with characteristics that are consistent with potential value traps. The Adviser then performs additional research to gain further insight into accounting policies, factors impacting reported earnings, unusual transactions, attempts to manage earnings, and any other evidence that earnings-power is, or may in the future be, different than what the financial statements currently portray. If a company passes all levels of analysis, then the Adviser may add it to the Fund’s portfolio.

The Adviser sells a position in a company if the Adviser believes the security has reached its full value, the company shows balance sheet stress (indicating potential earnings management, weak financial controls or possible earnings shortfalls), a major change occurs (rendering historical data invalid for determining the value of business ownership) or the Adviser believes the company’s quality or financial strength falls below acceptable levels, or if a more attractive investment opportunity becomes available. Positions reaching 6% of the Fund’s value will be trimmed to reduce exposure.

Up to 20% of the Fund’s net assets may be held in cash, cash equivalents, or short-term investments if the Adviser believes that there are not a sufficient number of currently compelling investment opportunities in which to fully invest the Fund’s assets. While holding a significant position in cash could help the Fund reduce losses during market downturns, it may have the effect of lessening the Fund’s capital appreciation during market upturns.

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EICCX - Performance

Return Ranking - Trailing

Period EICCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -6.8% 36.1% 91.16%
1 Yr 12.4% -5.5% 44.2% 68.44%
3 Yr 6.8%* -4.6% 30.6% 42.71%
5 Yr 10.5%* -0.2% 43.9% 39.74%
10 Yr 7.6%* 0.9% 24.2% 68.77%

* Annualized

Return Ranking - Calendar

Period EICCX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -16.9% 46.1% 34.03%
2022 -6.0% -64.7% 4.6% 15.00%
2021 16.9% -44.2% 57.5% 45.95%
2020 -2.2% -23.2% 285.0% 64.61%
2019 13.6% -21.4% 48.5% 84.69%

Total Return Ranking - Trailing

Period EICCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -6.8% 36.1% 91.16%
1 Yr 12.4% -5.5% 44.2% 68.44%
3 Yr 6.8%* -4.6% 30.6% 42.71%
5 Yr 10.5%* -0.2% 43.9% 39.74%
10 Yr 7.6%* 0.9% 24.2% 68.77%

* Annualized

Total Return Ranking - Calendar

Period EICCX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -15.9% 46.7% 43.41%
2022 -0.1% -42.0% 8.5% 9.61%
2021 28.8% 3.6% 129.7% 21.19%
2020 3.2% -22.6% 304.8% 48.02%
2019 21.4% -12.7% 52.1% 88.47%

NAV & Total Return History


EICCX - Holdings

Concentration Analysis

EICCX Category Low Category High EICCX % Rank
Net Assets 265 M 1.69 M 163 B 73.81%
Number of Holdings 41 2 1683 85.96%
Net Assets in Top 10 107 M 435 K 38.9 B 65.98%
Weighting of Top 10 41.50% 4.8% 98.8% 12.08%

Top 10 Holdings

  1. Dreyfus Institutional Preferred Treasury Securities Money Market Fund 11.97%
  2. Verizon Communications Inc 4.08%
  3. ATT Inc 3.92%
  4. GSK PLC 3.53%
  5. Wells Fargo Co 3.24%
  6. Medtronic PLC 3.14%
  7. Hartford Financial Services Group Inc/The 2.98%
  8. US Bancorp 2.90%
  9. Williams Cos Inc/The 2.88%
  10. Kenvue Inc 2.85%

Asset Allocation

Weighting Return Low Return High EICCX % Rank
Stocks
89.12% 2.48% 108.67% 96.67%
Cash
11.97% 0.00% 20.27% 1.08%
Preferred Stocks
0.00% 0.00% 14.68% 60.67%
Other
0.00% -1.68% 42.55% 70.30%
Convertible Bonds
0.00% 0.00% 3.66% 58.05%
Bonds
0.00% -1.92% 77.58% 60.04%

Stock Sector Breakdown

Weighting Return Low Return High EICCX % Rank
Financial Services
23.64% 0.00% 58.05% 14.53%
Healthcare
16.22% 0.00% 30.08% 63.12%
Communication Services
15.74% 0.00% 26.58% 2.63%
Energy
14.47% 0.00% 54.00% 5.36%
Consumer Defense
8.71% 0.00% 34.10% 43.96%
Industrials
8.50% 0.00% 42.76% 81.93%
Real Estate
3.63% 0.00% 90.54% 37.33%
Utilities
3.58% 0.00% 27.04% 63.31%
Basic Materials
3.29% 0.00% 21.69% 51.04%
Technology
1.12% 0.00% 54.02% 98.09%
Consumer Cyclical
1.09% 0.00% 22.74% 97.73%

Stock Geographic Breakdown

Weighting Return Low Return High EICCX % Rank
US
89.12% 2.48% 108.67% 91.36%
Non US
0.00% 0.00% 26.07% 71.56%

EICCX - Expenses

Operational Fees

EICCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.02% 0.03% 14.82% 6.14%
Management Fee 0.75% 0.00% 1.50% 84.84%
12b-1 Fee 1.00% 0.00% 1.00% 92.83%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

EICCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 0.95% 5.00% 67.69%

Trading Fees

EICCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 48.28%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EICCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 488.00% 54.78%

EICCX - Distributions

Dividend Yield Analysis

EICCX Category Low Category High EICCX % Rank
Dividend Yield 2.68% 0.00% 16.67% 46.40%

Dividend Distribution Analysis

EICCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

EICCX Category Low Category High EICCX % Rank
Net Income Ratio 0.70% -1.51% 4.28% 82.87%

Capital Gain Distribution Analysis

EICCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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EICCX - Fund Manager Analysis

Managers

Ian Zabor


Start Date

Tenure

Tenure Rank

Apr 29, 2011

11.1

11.1%

Ian Zabor, CFA, Principal, joined Equity Investment Corporation in 2005 as a research analyst. He was named Portfolio Manager in 2010. Ian is a member of the investment team responsible for managing our All-, Large-, and Mid-Cap Value portfolios. Prior to joining EIC, he held trading, analyst, and portfolio management roles with AG Edwards, the US Small Business Administration, and Wachovia Securities. Ian received a BA in Economics from Indiana University and an MBA from The Darden School of Business, University of Virginia.

William Bruner


Start Date

Tenure

Tenure Rank

Apr 29, 2011

11.1

11.1%

W. Andrew Bruner, CPA, CFA, Principal, joined EIC in 1999 as a portfolio manager and was named Director of Research in 2010. He is a member of the investment team responsible for managing our All-, Large-, and Mid-Cap Value portfolios. From 1992 to 1999, he was involved in accounting assignments for KPMG LLP, primarily in conducting due diligence for mergers and acquisitions. Andrew received a BA degree from the University of the South in Sewanee, Tennessee. He then earned a Master in Professional Accounting degree from the University of Texas at Austin.

Richard Irrgang


Start Date

Tenure

Tenure Rank

Apr 29, 2011

11.1

11.1%

R. Terrence Irrgang, CFA, Principal, joined EIC in 2003 as a portfolio manager. He is part of the investment team responsible for managing our All-, Large-, and Mid-Cap Value portfolios. Previously he was a Global Partner, portfolio manager, and product manager for INVESCO Capital Management. Terry began his career as an investment consultant, working nine years with Mercer Consulting and Towers Perrin, where he assisted plan sponsors with asset allocation, manager selection, and performance monitoring activities. Terry received a BA degree from Gettysburg College, and earned an MBA in Finance from Temple University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 7.96 6.71