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Morningstar

First Trust/Confluence Small Cap Val I FOVIX

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 27.86  /  0.04 %
  • Total Assets 24.0 Mil
  • Adj. Expense Ratio
    1.350%
  • Expense Ratio 1.350%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield —
  • Turnover 17%

USD | NAV as of Sep 30, 2023 | 1-Day Return as of Sep 30, 2023, 12:37 AM GMT+0

Morningstar’s Analysis FOVIX

Will FOVIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FOVIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FOVIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FOVIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in First Trust/ Confluence Small Cap Val I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FOVIX

More FOVIX Holdings
  • Current Portfolio Date
  • Equity Holdings 31
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 40.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Spectrum Brands Holdings Inc

5.05
1,264,350
Consumer Defensive

Brown & Brown Inc

4.75
1,188,786
Financial Services

Hayward Holdings Inc

4.13
1,035,038
Industrials

Kadant Inc

3.98
995,422
Industrials

BRP Group Inc Class A

3.97
994,493
Financial Services

Stewart Information Services Corp

3.78
947,244
Financial Services

MGP Ingredients Inc

3.71
929,225
Consumer Defensive

Winnebago Industries Inc

3.68
921,389
Consumer Cyclical

Core Laboratories Inc

3.63
909,601
Energy

J&J Snack Foods Corp

3.60
901,119
Consumer Defensive