Private Capital Management Value Fund

  • Investment
    Philosophy
  • Investment
    Objective
  • Risk
    Considerations
  • Fund
    Information
  • Top Ten Holdings
    Sector Breakdown
  • Prospectus
    and Documents

Investment Philosophy

 

From our founding in 1986, PCM has achieved long-term capital appreciation by investing in companies that are out of favor, underappreciated or misunderstood, and thereby trade at a significant discount to our estimation of their long-term intrinsic value. We rigorously analyze a host of factors to fully understand a company's ability to create value in the future. We couple our quantitative assessment with an in-depth qualitative appraisal. Our long-term investment horizon matched with our in-depth knowledge of various industries developed over more than 20 years of investing in public companies can provide insights into what is being overlooked, misunderstood or underappreciated and how a company may unlock that hidden value for its shareholders.

Investment Objective

 

The fund seeks to achieve long-term capital appreciation by investing in companies that are out of favor, underappreciated or misunderstood, and thereby trade at a significant discount to PCM's estimation of long-term intrinsic value.

Risk Considerations

 

Mutual Fund investing involves risk and it is possible to lose money by investing in a fund. The Fund is non-diversified and may invest in a larger portion of its assets in the securities of a single issuer than a more diversified fund causing its value to fluctuate more widely. The fund may engage in strategies that are considered risky or invest in stocks of companies that are undervalued which may cause greater volatility and less liquidity.

Fund Information

 

Share Class
Class A
Class I
Ticker
VFPAX
VFPIX
CUSIP
360873848
360873822
Net Expense Ratio*
1.25%
1.00%
Gross Expense Ratio
1.54%
1.29%
Sales Load
5.00% Max**
None
Minimum Initial Investment
$5,000
$750,000
Investor Profile
Investors with an investment time horizon of 5 years
Redemption Fee
2% if within 30 days

* Private Capital Management has contractually agreed to limit certain Fund expenses until August 31, 2017 to ensure that the Fund's annualized expense ratio does not exceed 1.00%. Does not include "Acquired Fund Fees and Expenses".


**Class A Shares may be purchased without a load under certain conditions.


For a full description of the breakpoints, reductions and waivers by share class, please click here.

 

 

 

 
Prospectus / SAI / Reports Description
Visteon Distribution Notice for PCM Value Fund Visteon Distribution Notice for PCM Value Fund
PCM Value Fund Summary Prospectus PCM Value Fund Summary Prospectus
PCM Value Fund Prospectus PCM Value Fund Prospectus
PCM Value Fund Change of Control of Investment Adviser PCM Value Fund Change of Control of Investment Adviser
PCM Value Fund SAI PCM Value Fund Statement of Additional Information
Semi-Annual Report PCM Value Fund Semi-Annual Investment Adviser's Report
Annual Report PCM Value Fund Annual Investment Adviser's Report
XBRL Data Files (zip) XBRL Data Files (zip)
 
Legal Notices Description
PCM Code of Ethics PCM Code of Ethics
PCM Privacy Policy PCM Privacy Policy

 

 

Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus contains this and other important information about the Private Capital Management Value Fund, and it may be obtained by clicking here. Read it carefully before investing. Shares of the Private Capital Management Value Fund are distributed by Foreside Funds Distributors LLC (400 Berwyn Park, 899 Cassatt Rd., Berwyn, PA 19312), not an adviser affiliate.