Aegis Value I
AVALX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jan van Eck
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- McLean, VA 22101 Kansas City MO United States of America 64111
- IPO Date
- May 15, 1998
- CIK
- 0001052169
- Website
- avantisinvestors.com
- Similar Companies
- Business
- Aegis Value Fund Class I (AVALX) is a small-cap deep value mutual fund that seeks long-term capital appreciation by investing primarily in undervalued equities trading at significant discounts to tangible book value or low multiples of future cash flows; its highly concentrated portfolio, typically comprising around 70 holdings with active share above 95%, emphasizes contrarian, fundamentals-driven selections in energy, basic materials, financial services, and select industrials sectors. The fund targets small-capitalization companies, predominantly in North America with roughly 62% in Canadian stocks and 24% in U.S. equities as of recent periods, including top holdings such as Hallador Energy Co., International Petroleum Corp., Amerigo Resources Ltd., MEG Energy Corp., and Equinox Gold Corp. Aegis Financial Corporation serves as the investment advisor, with Scott Barbee as portfolio manager since inception and the team plus families holding over $40 million co-invested. Founded in 1998 and headquartered in McLean, Virginia, the fund operates from 6862 Elm Street, Suite 830, with a net expense ratio of 1.45% (net 1.46% after waivers through April 30, 2025) and minimum initial investment of $10,000 for Class I shares. In recent developments, the fund has sustained strong performance amid market volatility, achieving 257% returns since March 2020 versus 125% for the S&P 500 and outperforming 99% of peers over 15 years as of early 2025, driven by disciplined deep-value execution. Portfolio manager Scott Barbee was named Business Insider's Investor of the Month for March 2025, highlighting the strategy's resilience with year-to-date gains of 14% through that period despite broader index declines. The firm maintains its independent, internally owned structure under Aegis Financial, prioritizing long-term growth over asset gathering, with no reported acquisitions, partnerships, or major reorganizations in the last 1-2 years.