North Square Small Cap Value Fund Investor Class Shares
DRSVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Indianapolis IN 46208 Indianapolis IN United States of America 46208
- IPO Date
- Dec 31, 2003
- CIK
- 0001437249
- Website
- northsquareinvest.com
- Similar Companies
- Business
- North Square Small Cap Value Fund (Investor Class; ticker: DRSVX), formerly known as the Foundry Partners Small Cap Value Fund, is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in common stocks of small capitalization companies with market capitalizations similar to those in the Russell 2000 Value Index; it may allocate up to 20% of assets to foreign securities, including American Depositary Receipts traded on U.S. markets, and up to 20% in investment-grade fixed income securities of any maturity. The fund employs a disciplined investment process emphasizing behavioral biases in stock pricing, guided by valuation metrics such as low price-to-earnings ratios, positive price momentum to avoid value traps, in-depth fundamental research on company quality, and narrative analysis of market perceptions. It maintains a diversified portfolio across sectors including financial services (approximately 22%), industrials (19%), technology (16%), basic materials (10%), and energy (8%), with top holdings such as Hancock Whitney Corp., International Bancshares Corp., and Pathward Financial Group, Inc.; portfolio turnover stands at 46%, with net assets of approximately $195 million as of May 31, 2025. Launched in 2003 and domiciled in the United States, the fund operates primarily in U.S. markets while providing exposure to non-U.S. stocks from regions including Canada, the United Kingdom, and Latin America; Investor Class shares carry a net expense ratio of 1.30%, with a minimum initial investment of $2,500. In a significant development, on April 25, 2025, North Square Small Cap Value Fund completed a tax-free reorganization, acquiring all assets and liabilities of the Foundry Partners Small Cap Value Fund (the Predecessor Fund), a series of Valued Advisers Trust; this transaction included the Predecessor Fund's portfolio managers joining North Square's sub-adviser to continue managing the strategy, with Investor Class shares of the Predecessor Fund converting directly into those of the successor fund. The fund also changed its fiscal year-end to May 31 as part of this reorganization. These changes reflect North Square Investments' broader strategy of integrating boutique managers like Foundry Partners LLC, an employee-owned firm founded in 2013 with headquarters in Cleveland, Ohio, and an office in Minneapolis, Minnesota.