Lisanti Small Cap Growth Fund
ASCGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Forum Funds (Adams Harkness) DE United States of America
- IPO Date
- Mar 1, 2004
- CIK
- 0000315774
- Website
- lisantismallcap.com
- Similar Companies
- Business
- Lisanti Small Cap Growth Fund (ASCGX) is an open-end mutual fund that seeks maximum capital appreciation by investing primarily in the equity securities of smaller, lesser-known U.S. companies exhibiting above-average growth potential; the fund normally allocates at least 80% of its net assets (plus borrowings for investment purposes) to common stocks of small-capitalization firms in early-stage or transitional development phases, with a focus on aggressive growth through bottom-up fundamental research, quantitative screening, thematic overlays emphasizing secular, structural, and turnaround opportunities, and high-conviction portfolio construction. Core holdings span sectors such as technology (including Credo Technology Group Holding Ltd and Lumentum Holdings Inc), industrials (including Sterling Infrastructure Inc), healthcare, consumer cyclical (including Boot Barn Holdings Inc and National Vision Holdings Inc), and consumer defensive, with top positions typically representing around 11-20% of the portfolio and total net assets of approximately $17 million as of late 2025. The fund employs a disciplined sell discipline based on valuation targets, deteriorating fundamentals, or superior alternatives, while emphasizing risk management through favorable up/down capture ratios relative to benchmarks. It targets individual investors with a minimum initial investment of $2,000 ($2,000 for IRAs) and additional investments of $250, features no sales charges but a 1% redemption fee for shares sold within 30 days, and maintains a net expense ratio of 1.35% (gross 1.67%-2.48%) through contractual fee waivers by its adviser through April 30, 2025. Lisanti Capital Growth, LLC, a women-owned investment management firm founded in 2003 by Mary Lisanti, CFA—who has served as sole portfolio manager since the fund's inception on February 27, 2004—advises the fund from its headquarters at 777 Third Avenue, 14th Floor, New York, New York; the firm, with approximately $400 million in assets under management across small- and SMID-cap growth strategies, also serves institutional clients including public pension plans, endowments, and foundations via separate accounts. Geographically, the fund concentrates on U.S. equities (over 96% allocation), with minor non-U.S. exposure, and is available for sale in the United States. Recent major changes include a benchmark shift on May 1, 2024, from the Russell 2000 Growth Index to the Russell 2000 Index to comply with regulatory requirements, alongside ongoing portfolio adjustments reflected in the adviser's June 30, 2025, 13F filing showing increased holdings in names like Credo Technology Group Holding Ltd, Magnite Inc, and American Superconductor Corp, and new positions such as BWX Technologies Inc and Adaptive Biotechnologies Corp, as part of its active management approach amid small-cap market dynamics.