Queens Road Small Cap ValueQRSVX

Morningstar Rating

Fund Research and Analysis

by John Coumarianos

Queens Road Small Cap Value is getting a little defensive, and that's fine for this solid fund.

According to its most recent public filings, this successful fund has more than 25% of its assets in cash. Not only have the fund's holdings rallied hard Read more

Kudos

Sound value approach to investing.

Solid performance in down markets.

Small asset base makes this fund nimble.

Reasonable fees. Read more

Risks

Not as much analyst support as other small-value funds that we like, and manager Steve Scruggs might be spread a bit thin between this fund and his large-cap fund.

Will likely lag when the market roars or when debt-laden banks and REITs are the darlings. Read more

Strategy

This fund owns small, underfollowed companies that display strong free cash-flow characteristics. Management tries to normalize free cash-flow estimates and buy undervalued stocks relative to that normalized Read more

Management

Steve Scruggs has been running this fund since its inception in 2002. He's been with Bragg Financial Advisors, Inc., parent of the fund, since 1999, and was previously a product manager with GMAC Insurance and Reliance Insurance Companies. He's not Read more

Inside Scoop

This fund is a value hound, and it looks for underfollowed, out-of-the-way small-cap firms or companies that are struggling with temporary earnings problems. Manager Steve Read more

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