Al Frank Fund Investor Class
VALUX
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
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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
- 225 Pictoria Drive Cincinnati OH United States of America 45246
- IPO Date
- Jan 2, 2019
- CIK
- 0001518042
- Similar Companies
- Business
- Al Frank Fund Investor Class (VALUX) is a mutual fund seeking long-term capital appreciation through investments in equity securities that the adviser believes are undervalued or out of favor, including common stocks, preferred stocks, convertible securities, rights, warrants, and American Depositary Receipts of foreign issuers publicly traded in the United States. The fund employs a value-oriented strategy independent of market capitalization, screening over 6,000 stocks using metrics such as low price-to-earnings, price-to-book, and price-to-revenue ratios relative to historical norms, industry peers, or the broader market, while assessing long-term growth prospects and risk to set target prices; it maintains broad diversification across major market sectors and industry groups, holding both dividend-paying and non-dividend-paying stocks, and may sell positions upon reaching target prices, reassessed valuations, or identification of more attractive opportunities. To generate additional income, the fund may lend portfolio securities to broker-dealers, limited to no more than 33-1/3% of total assets including collateral or 50% excluding collateral, with collateral at least 102% of loaned securities' value. Investor Class shares (VALUX) incur a 2% redemption fee on shares held 60 days or less, a management fee of 1.00%, distribution and service (Rule 12b-1) fees of 0.25%, and other expenses of 0.38%, resulting in total annual operating expenses of 1.63% before waivers (1.49% after waivers through at least April 30, 2021); Advisor Class shares (VALAX) have no 12b-1 fees and lower net expenses. The fund traces its origins to a predecessor fund launched on January 2, 1998, which reorganized into its current series structure within Northern Lights Fund Trust II on January 18, 2013. Kovitz Investment Group Partners, LLC serves as the investment adviser, with portfolio managers John Buckingham, Chief Investment Officer, and Jason Clark, Vice President and Senior Portfolio Manager, supported by an investment committee; Mr. Buckingham has managed the strategy since inception, while Mr. Clark joined in January 2016. Fund services are administered through Gemini Fund Services, LLC in Elkhorn, Nebraska, with a minimum initial investment of $1,000 for Investor Class shares ($100 subsequent) and $100,000 for Advisor Class ($100 subsequent), though waivers may apply. Recent developments include Kovitz Investment Group Partners, LLC assuming the advisory role, continuing the disciplined value strategy historically associated with AFAM Capital's Al Frank Asset Management division, which merged into Kovitz around 2018 to enhance distribution and operational scale. No major acquisitions, funding rounds, new product launches, or strategic shifts have been reported in the last 1-2 years, with the fund maintaining its core focus on U.S.-traded equities amid a low portfolio turnover rate of 1.78% in the most recent fiscal year. The strategy targets individual and institutional investors seeking long-term growth in large-value equity segments, benchmarked against the S&P 500 Index and Russell 3000 Index.