Dean Mid Cap Value
DALCX
NASDAQ30.23
USD
+0.16
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Dean Mid Cap Value
DALCX
(NASDAQ)
Recent
price
30.23
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Dean Mid Cap Value Fund (DALCX) is an open-end mutual fund that seeks long-term capital appreciation and, secondarily, dividend income by investing primarily in equity securities of U.S. and foreign mid-cap companies with market capitalizations similar to those in the Russell Midcap Value Index, typically ranging from $3.5 billion to $40 billion at purchase; the fund employs a disciplined value investment strategy utilizing multi-factored valuation methods, including normal earnings power, discounted cash flows, price-to-earnings and price-to-book ratios, and fundamental bottom-up research to identify undervalued companies temporarily out of favor in the market. Under normal circumstances, the fund invests at least 80% of its net assets in such mid-cap equities directly or indirectly through other investment companies, including common stocks, convertible securities, warrants, and equity real estate investment trusts (REITs); it maintains a portfolio of 40 to 60 holdings with sector variance limited to ±15%, individual security positions capped at 5% at purchase and 7% at market value, top-10 concentration of 15% to 35%, cash exposure under 5%, and foreign exposure under 10%, with remaining assets potentially allocated to small-cap or large-cap equities, preferred stocks, derivatives like options and futures, or fixed income securities including corporate bonds. The fund targets neglected industries and underfollowed mid-cap segments for long-term opportunities, diversifying across traditional and relative value-oriented investments while seeking to preserve capital in down markets. Dean Mid Cap Value Fund, with inception on May 28, 1997, and sub-advisor Dean Capital Management, LLC (DCM) commencing management on June 30, 2008 following an investment strategy shift to mid-cap focus on March 31, 2011, is distributed by Unified Financial Securities and advised through affiliates including C.H. Dean, LLC and Dean Investment Associates; DCM, an employee-owned registered investment advisor founded in 2008 and headquartered in Overland Park, Kansas, manages the fund alongside separately managed accounts from its base, with overall fund operations linked to Beavercreek, Ohio. The fund serves investors seeking mid-cap value exposure, with total net assets of approximately $228.8 million as of November 30, 2025, a net expense ratio of 0.85%, minimum initial investment of $1,000 ($250 for IRAs), and daily pricing; portfolio manager Douglas A. Leach, CFA, leads the team with significant personal investments aligned with client interests. Recent developments include the DCM Mid Cap Value strategy, underlying the fund, being named to the PSN Top Guns List of Best Performing Strategies for Q4 2024 in March 2025, reflecting strong performance attribution; in Q2 2025, the strategy reported 3.73% gross return versus the Russell Midcap Value Index's 5.35%, with portfolio rotations from defensive Consumer Staples and Utilities into undervalued Materials, Industrials, and Information Technology amid tariff uncertainty and market rallies, alongside stock-specific adjustments such as adding to Microchip Technology on cyclical recovery signals and maintaining positions in Dollar General amid its "Back to Basics" turnaround. Sector positioning as of June 30, 2025, features overweight in Utilities and Consumer Staples, underweight in Information Technology and Energy, with top holdings including Bank of New York Mellon Corp., L3Harris Technologies Inc., Littelfuse Inc., Ameren Corp., and SS&C Technologies Holdings Inc.; no major acquisitions, funding rounds, or structural reorganizations noted in the past 1-2 years, though ongoing active management exploits volatility in less efficient mid-cap value arenas. The fund operates primarily in U.S. markets with limited foreign exposure, targeting institutional clients, financial intermediaries, and individual investors through its value-oriented, concentrated approach.