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Trending ETFs

SouthernSun U.S. Equity Fund

mutual fund
SSEFX
Payout Change
Pending
Price as of:
$14.36 -0.24 -1.64%
primary theme
U.S. Mid-Cap Blend Equity
share class
SSEFX (Mutual Fund)

SouthernSun U.S. Equity Fund

Payout Change
Pending
Price as of:
$14.36 -0.24 -1.64%
primary theme
U.S. Mid-Cap Blend Equity
share class
SSEFX (Mutual Fund)

SouthernSun U.S. Equity Fund

Payout Change
Pending
Price as of:
$14.36 -0.24 -1.64%
primary theme
U.S. Mid-Cap Blend Equity
share class

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

$14.36

$48.9 M

0.12%

$0.02

1.40%

Vitals

YTD Return

5.6%

1 yr return

10.9%

3 Yr Avg Return

7.9%

5 Yr Avg Return

13.6%

Net Assets

$48.9 M

Holdings in Top 10

56.8%

52 WEEK LOW AND HIGH

$14.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


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

$14.36

$48.9 M

0.12%

$0.02

1.40%

SSEFX - Profile

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SouthernSun U.S. Equity Fund
  • Fund Family Name
    SouthernSun Asset Management
  • Inception Date
    Apr 10, 2012
  • Shares Outstanding
    293515
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Cook

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities (common stocks) of U.S. companies. The Fund considers a company to be a U.S. company if (i) it is organized inside the U.S. or maintains a principal place of business inside the U.S.; or (ii) its securities are traded principally inside the U.S.; or (iii) during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed inside the U.S. or it has at least 50% of its assets inside the U.S. The Adviser seeks to achieve the Fund’s investment objective by investing primarily in common stocks of small to middle capitalization U.S. companies that the Adviser

selects using a research-driven, value-oriented investment strategy. The Fund defines the investable universe of small to middle capitalization securities to include securities of issuers with a market capitalization at the time of purchase within the capitalization range of companies in the Russell 2500 Index during the most recent 12 month period (based on month-end data). This capitalization range will change over time. While the market capitalization range of the Russell 2500 Index changes throughout the year, as of November 30, 2023, the range of the Russell 2500 Index was $20.9 million to $19.8 billion.

The Fund typically invests in 20-40 companies that the Adviser believes are niche dominant and attractively valued with financial flexibility and uniquely fitted management teams. When selecting companies for investment, the Adviser seeks opportunities that it believes have the following characteristics:

Financial Flexibility: The Adviser seeks companies that have strong balance sheets while generating discretionary cash flow and organic revenue growth (revenue growth not obtained through mergers or acquisitions).

Management Adaptability: The Adviser seeks management teams with measurable, transparent goals that are held accountable for performance. As long-term owners of businesses, the Adviser is looking for like-minded management teams that know how to adapt and innovate.

Niche Dominance: The Adviser seeks companies that it believes possess meaningful competitive advantages over peers with attractive opportunities in their target markets.

Under normal market conditions, the majority of the Fund’s assets will be allocated to equity securities. The Fund may hold assets in cash and cash equivalents, and at times these holdings may be significant. Under normal market conditions, the Fund’s holdings in cash and cash equivalents will not exceed 20% of the Fund’s net assets. The Fund’s cash level at any point typically relates to the Adviser’s individual security selection process, and therefore may vary, depending on the Adviser’s desired security weightings or other factors. The Fund may also allocate a greater percentage of its portfolio to investments in a particular sector, such as the industrials sector.

The Fund generally seeks to buy and hold stocks for the long-term, and sells holdings that the Adviser believes have exceeded their intrinsic market value, become too large a position, experienced a change in fundamentals or are subject to other factors that the Adviser believes may contribute to underperformance.

The Fund generally seeks to hold positions in companies as they increase in market capitalization, potentially beyond the small to mid-capitalization range, as long as the Adviser considers the company to remain an attractive investment with capital appreciation potential.

The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund.

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SSEFX - Performance

Return Ranking - Trailing

Period SSEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -9.2% 18.8% 20.22%
1 Yr 10.9% -12.4% 38.0% 70.91%
3 Yr 7.9%* -20.7% 17.9% 6.18%
5 Yr 13.6%* -1.7% 22.1% 3.11%
10 Yr 4.6%* 1.5% 11.9% 91.16%

* Annualized

Return Ranking - Calendar

Period SSEFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -12.9% 28.8% 88.86%
2022 -19.9% -52.6% 20.1% 54.21%
2021 6.9% -43.8% 32.4% 70.77%
2020 12.7% -10.6% 82.1% 27.76%
2019 30.0% -8.5% 37.5% 5.38%

Total Return Ranking - Trailing

Period SSEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -9.2% 18.8% 20.22%
1 Yr 10.9% -12.4% 38.0% 70.91%
3 Yr 7.9%* -20.7% 17.9% 6.18%
5 Yr 13.6%* -1.7% 22.1% 3.11%
10 Yr 4.6%* 1.5% 11.9% 91.16%

* Annualized

Total Return Ranking - Calendar

Period SSEFX Return Category Return Low Category Return High Rank in Category (%)
2023 18.6% 1.2% 31.3% 19.22%
2022 -4.5% -45.7% 21.1% 3.65%
2021 22.4% -30.2% 52.8% 65.04%
2020 13.1% -8.4% 84.3% 47.76%
2019 31.3% 1.0% 43.4% 18.35%

NAV & Total Return History


SSEFX - Holdings

Concentration Analysis

SSEFX Category Low Category High SSEFX % Rank
Net Assets 48.9 M 728 K 160 B 87.26%
Number of Holdings 22 1 2667 98.34%
Net Assets in Top 10 29.4 M 224 K 12.8 B 73.68%
Weighting of Top 10 56.78% 4.3% 100.0% 4.44%

Top 10 Holdings

  1. DYCOM INDUSTRIES INC COMMON STOCK 7.05%
  2. DARLING INGREDIENTS INC COMMON STOCK 6.67%
  3. BOOT BARN HOLDINGS INC COMMON STOCK 6.01%
  4. BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 5.76%
  5. BROWN BROTHERS HARRIMAN SWEEP INTEREST 5.56%
  6. LOUISIANA-PACIFIC CORP COMMON STOCK 5.47%
  7. U.S. PHYSICAL THERAPY INC COMMON STOCK 5.32%
  8. MGP INGREDIENTS INC COMMON STOCK 5.03%
  9. WATSCO INC COMMON STOCK 4.97%
  10. BELDEN INC COMMON STOCK 4.95%

Asset Allocation

Weighting Return Low Return High SSEFX % Rank
Stocks
94.48% 14.60% 108.70% 92.24%
Cash
5.56% 0.00% 27.80% 11.36%
Preferred Stocks
0.00% 0.00% 13.94% 73.68%
Other
0.00% -0.06% 23.02% 76.45%
Convertible Bonds
0.00% 0.00% 1.78% 73.13%
Bonds
0.00% 0.00% 62.14% 76.18%

Stock Sector Breakdown

Weighting Return Low Return High SSEFX % Rank
Industrials
45.89% 0.00% 45.89% 0.56%
Consumer Cyclical
19.19% 2.49% 46.48% 7.50%
Consumer Defense
12.49% 0.00% 32.18% 5.28%
Technology
9.87% 0.00% 40.65% 90.56%
Basic Materials
6.24% 0.00% 16.35% 40.28%
Healthcare
3.29% 0.00% 24.06% 95.83%
Financial Services
3.04% 0.00% 46.10% 98.06%
Utilities
0.00% 0.00% 18.97% 93.89%
Real Estate
0.00% 0.00% 25.82% 97.50%
Energy
0.00% 0.00% 58.13% 95.56%
Communication Services
0.00% 0.00% 30.98% 95.83%

Stock Geographic Breakdown

Weighting Return Low Return High SSEFX % Rank
US
94.48% 14.60% 108.70% 90.30%
Non US
0.00% 0.00% 10.11% 77.84%

SSEFX - Expenses

Operational Fees

SSEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.03% 19.40% 23.74%
Management Fee 0.75% 0.00% 1.50% 74.37%
12b-1 Fee 0.25% 0.00% 1.00% 58.24%
Administrative Fee 0.15% 0.01% 0.30% 75.47%

Sales Fees

SSEFX 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% 4.00% N/A

Trading Fees

SSEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 53.85%

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.

SSEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 304.00% 42.86%

SSEFX - Distributions

Dividend Yield Analysis

SSEFX Category Low Category High SSEFX % Rank
Dividend Yield 0.12% 0.00% 29.78% 3.05%

Dividend Distribution Analysis

SSEFX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

SSEFX Category Low Category High SSEFX % Rank
Net Income Ratio 0.52% -2.06% 3.38% 38.72%

Capital Gain Distribution Analysis

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

Distributions History

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SSEFX - Fund Manager Analysis

Managers

Michael Cook


Start Date

Tenure

Tenure Rank

Apr 10, 2012

10.15

10.2%

Michael Cook is the Founder, the Chief Executive Officer and Chief Investment Officer at SouthernSun responsible for all portfolio management activities for the firm. In his over 30 years of experience as a research analyst and portfolio manager, Mr. Cook has developed a unique investment philosophy and process which serves as the core of the firm’s U.S. and Global Equity strategies. Prior to founding SouthernSun in 1989, Mr. Cook was a portfolio manager/analyst at Front Street Capital Management from 1986 to 1988, and was an account executive at Merrill Lynch from 1985 to 1986. Throughout his career, he has been featured and quoted in The Wall Street Journal, Barron’s, and Bloomberg Markets Magazine and has been a speaker on CNBC, Fox Business News, and Bloomberg TV. Mr. Cook attended Covenant College and the OCCA Business Programme, Wycliffe Hall, University of Oxford, and is a member of the CFA Institute.

Phillip Cook


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Cook joined SouthernSun in 2006. He is responsible for coordination of research and communication within the Investment Team and is responsible for the research and analysis of existing portfolio companies as well as new ideas. He also provides input on portfolio management and construction. Prior to joining SouthernSun, Mr. Cook served as the Analyst to the Chairman and CEO of Trivest Partners, a Miami-based private equity firm focused on middle-market LBOs. He received his B.S. in International Business, summa cum laude, from Auburn University. Mr. Cook serves on the Board of Su Casa Family Ministries.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.26 5.78