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Oberweis Micro-Cap Fund
mutual fund
OMCIX
Payout Change
Suspended
Price as of:
$50.5
+0.23
+0.46%
primary theme
U.S. Small-Cap Growth Equity
share class
OMCIX (Mutual Fund)
Oberweis Micro-Cap Fund
Payout Change
Suspended
Price as of:
$50.5
+0.23
+0.46%
primary theme
U.S. Small-Cap Growth Equity
share class
OMCIX (Mutual Fund)
Oberweis Micro-Cap Fund
Payout Change
Suspended
Price as of:
$50.5
+0.23
+0.46%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 11/29/2024Price
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
Vitals
YTD Return
31.5%
1 yr return
43.7%
3 Yr Avg Return
14.7%
5 Yr Avg Return
23.2%
Net Assets
$466 M
Holdings in Top 10
26.9%
52 WEEK LOW AND HIGH
$50.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 81.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
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
OMCIX - Profile
Distributions
- YTD Total Return 31.5%
- 3 Yr Annualized Total Return 14.7%
- 5 Yr Annualized Total Return 23.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameOberweis Micro-Cap Fund
-
Fund Family NameOberweis
-
Inception DateMay 01, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Oberweis
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets in the securities of very small companies which, at the time of purchase, have a market capitalization within the range of companies represented in the Russell Micro-Cap Growth Index. As of June 30, 2023, the market capitalization range of the Russell Micro-Cap Growth Index was $1.9 million to $4.8 billion. The Fund invests principally in the common stocks of companies that the Fund’s investment adviser, Oberweis Asset Management, Inc. (“OAM”), believes have the potential for significant long-term growth in market value.
The Fund seeks to invest in up-and-coming companies which OAM believes have the potential for increasing profitability and accelerating growth. The Fund primarily invests in companies headquartered in the United States. The Fund seeks to invest in equity securities that typically exhibit the following characteristics:
Under-Appreciated Revenue and Earnings Growth — potential for revenue and/or earnings growth in excess of consensus expectations.
Timely Catalyst — a recent positive earnings release or an earnings surprise that tangibly and quantitatively begins to confirm that consensus analyst expectations are too low.
Inflection Point of Change — a business that is experiencing change — often from a new product, a new management team or a regulatory change — as these changes can drive unexpected or underestimated growth. A significant gap generally exists between OAM’s forecasts and consensus analyst expectations.
Limited Analyst Coverage — a company not widely followed by other analysts to maximize the chances of finding misunderstood situations.
Sustainability — a sustainable business with a competitive position driven by niche market leadership, intellectual capital or unique manufacturing processes. Put another way, a reasonable barrier to competitive entry.
Operating Leverage — profitable and scalable business model, which tends to generate rising net profits margins as revenue growth accelerates.
Valuation — undervalued based on OAM’s growth forecasts and historical valuation metrics afforded the company and/or peers.
OMCIX - Performance
Return Ranking - Trailing
| Period | OMCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.5% | -0.2% | 116.8% | 14.58% |
| 1 Yr | 43.7% | 6.0% | 114.8% | 8.86% |
| 3 Yr | 14.7%* | -14.4% | 64.7% | 1.31% |
| 5 Yr | 23.2%* | -2.5% | 48.2% | 1.37% |
| 10 Yr | N/A* | 2.2% | 25.4% | 0.57% |
* Annualized
Return Ranking - Calendar
| Period | OMCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.2% | -20.5% | 54.6% | 19.81% |
| 2022 | -11.6% | -82.1% | 32.2% | 1.31% |
| 2021 | 24.1% | -90.6% | 300.1% | 1.51% |
| 2020 | 30.2% | -63.0% | 127.9% | 46.38% |
| 2019 | 22.1% | -7.7% | 42.9% | 49.90% |
Total Return Ranking - Trailing
| Period | OMCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.5% | -0.2% | 116.8% | 14.58% |
| 1 Yr | 43.7% | 6.0% | 114.8% | 8.86% |
| 3 Yr | 14.7%* | -14.4% | 64.7% | 1.31% |
| 5 Yr | 23.2%* | -2.5% | 48.2% | 1.37% |
| 10 Yr | N/A* | 2.2% | 25.4% | 0.57% |
* Annualized
Total Return Ranking - Calendar
| Period | OMCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.2% | -19.0% | 136.8% | 25.37% |
| 2022 | -10.4% | -59.9% | 44.3% | 2.80% |
| 2021 | 53.9% | -22.7% | 411.9% | 0.38% |
| 2020 | 30.2% | 1.5% | 150.8% | 69.86% |
| 2019 | 22.1% | 5.5% | 55.3% | 86.72% |
NAV & Total Return History
OMCIX - Holdings
Concentration Analysis
| OMCIX | Category Low | Category High | OMCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 466 M | 209 K | 34.3 B | 57.56% |
| Number of Holdings | 91 | 7 | 1226 | 59.41% |
| Net Assets in Top 10 | 159 M | 53.8 K | 3.02 B | 49.08% |
| Weighting of Top 10 | 26.94% | 7.5% | 100.0% | 32.35% |
Top 10 Holdings
- ADMA Biologics Inc 6.89%
- Ultra Clean Holdings Inc 2.97%
- American Superconductor Corp 2.53%
- Blue Bird Corp 2.42%
- Camtek Ltd/Israel 2.40%
- Applied Optoelectronics Inc 2.09%
- Primoris Services Corp 2.06%
- Boot Barn Holdings Inc 1.96%
- Veeco Instruments Inc 1.83%
- Rush Street Interactive Inc 1.78%
Asset Allocation
| Weighting | Return Low | Return High | OMCIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.88% | 92.05% | 107.62% | 71.77% |
| Cash | 2.02% | 0.00% | 28.78% | 48.89% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 85.61% |
| Other | 0.00% | -0.26% | 6.70% | 84.87% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 83.76% |
| Bonds | 0.00% | 0.00% | 2.40% | 84.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OMCIX % Rank | |
|---|---|---|---|---|
| Technology | 37.95% | 2.91% | 75.51% | 4.80% |
| Industrials | 21.19% | 0.00% | 36.64% | 14.02% |
| Consumer Cyclical | 16.02% | 0.00% | 24.04% | 15.31% |
| Healthcare | 14.55% | 0.00% | 47.90% | 85.24% |
| Communication Services | 4.57% | 0.00% | 15.31% | 12.73% |
| Energy | 3.51% | 0.00% | 55.49% | 35.06% |
| Financial Services | 1.71% | 0.00% | 42.95% | 97.42% |
| Consumer Defense | 0.50% | 0.00% | 13.56% | 95.20% |
| Utilities | 0.00% | 0.00% | 5.57% | 88.75% |
| Real Estate | 0.00% | 0.00% | 15.31% | 94.83% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 97.23% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OMCIX % Rank | |
|---|---|---|---|---|
| US | 96.88% | 17.30% | 107.62% | 64.94% |
| Non US | 0.00% | 0.00% | 77.12% | 87.08% |
OMCIX - Expenses
Operational Fees
| OMCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.28% | 0.05% | 23.20% | 42.33% |
| Management Fee | 1.00% | 0.05% | 1.62% | 91.68% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.64% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| OMCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OMCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 97.83% |
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.
| OMCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 81.00% | 3.00% | 264.00% | 70.53% |
OMCIX - Distributions
Dividend Yield Analysis
| OMCIX | Category Low | Category High | OMCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 87.64% |
Dividend Distribution Analysis
| OMCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| OMCIX | Category Low | Category High | OMCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.47% | 1.10% | 62.87% |
Capital Gain Distribution Analysis
| OMCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2022 | $0.435 | CapitalGainLongTerm |
| Dec 30, 2021 | $8.737 | OrdinaryDividend |
| Dec 28, 2018 | $3.613 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.633 | CapitalGainShortTerm |
| Dec 27, 2017 | $1.717 | CapitalGainLongTerm |
OMCIX - Fund Manager Analysis
Managers
James Oberweis
Start Date
Tenure
Tenure Rank
Nov 04, 2001
20.58
20.6%
Jim is President of Oberweis Asset Management, Inc. and oversees all investment research at Oberweis. He has spent his entire career managing portfolios of high-growth, small-cap companies. Jim is a holder of the Chartered Financial Analyst (CFA) designation. Jim earned an MBA with high honors from the University of Chicago and a BS in Computer Science from the University of Illinois. He has been a featured guest on CNBC and Bloomberg Television and authors a growth stock column for Forbes. Jim is a member of the Young Presidents’ Organization (YPO), the Economic Club of Chicago, the Investment Analysts Society of Chicago, and the CFA Institute.
Kenneth Farsalas
Start Date
Tenure
Tenure Rank
May 01, 2015
7.09
7.1%
Ken joined Oberweis Asset Management, Inc. in November 2004 and is Director of U.S. Equities and Portfolio Manager for the firm’s domestic strategies. Previously, he was employed at Dearborn Partners LLC, where he was a Managing Director and the Director of Research. Prior to that, Ken worked as a small cap Research Analyst and Portfolio Manager at Sterling Johnston Capital Management, and began his career at SEI Capital Resources as an Investment Consultant. Ken is a holder of the Chartered Financial Analyst (CFA) designation. He earned an MBA in Finance and Accounting from the University of Chicago and a BS in Journalism and Economics from Northwestern University. He is a member of the Investment Analysts Society of Chicago and the CFA Institute. Ken has been featured on Forbes.com and has provided commentary on various investment issues to Investor’s Business Daily, Reuters and Bloomberg.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.15 | 5.25 |
