Acuitas US Microcap Fund Institutional Shares (AFMCX)

Fund Assets	108.18M
Expense Ratio	1.442%
Min. Investment	$100,000
Turnover	83.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	Dec 10, 2025

Previous Close	18.65
YTD Return	24.24%
1-Year Return	27.50%
5-Year Return	45.52%
52-Week Low	14.31
52-Week High	20.58
Beta (5Y)	1.13
Holdings	279
Inception Date	Jul 18, 2014

About AFMCX

The Acuitas US Microcap Fund Institutional Shares is a mutual fund designed to invest primarily in microcap companies within the United States. This fund seeks to capitalize on opportunities within the smallest segment of the equity market, focusing on companies with market capitalizations generally under $1 billion. Utilizing a multi-manager approach, the fund allocates assets among several carefully selected subadvisers who employ a variety of investment strategies to exploit inefficiencies inherent in this less-researched market segment. Acuitas US Microcap Fund aims to provide long-term capital appreciation and is positioned to benefit from the potential for outsized returns among emerging, capacity-constrained companies that many larger institutional investors may overlook. The fund's structure emphasizes ongoing monitoring and portfolio optimization, reflecting its commitment to dynamic asset allocation and risk management. By concentrating on microcaps, the fund plays a distinctive role in portfolio diversification and offers investors access to a niche segment that can exhibit different performance dynamics compared to larger capitalization stocks.

• Fund Family: Acuitas Investments
• Category: Small Blend
• Performance Rating: Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: AFMCX
• Share Class: Institutional Shares
• Index: Russell Micro Cap TR

Performance

AFMCX had a total return of 27.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.48%.

Top 10 Holdings

14.93% of assets

Name	Symbol	Weight
Ducommun Incorporated	DCO	2.78%
First American Government Obligations Fund	TMPXX	2.25%
Select Water Solutions, Inc.	WTTR	1.82%
Insteel Industries Inc.	IIIN	1.24%
Vishay Precision Group, Inc.	VPG	1.18%
Magnite, Inc.	MGNI	1.16%
CME E-mini Russell 2000 Index Future	RTYU6	1.16%
Mama's Creations, Inc.	MAMA	1.14%
Cryoport, Inc.	CYRX	1.09%
Mesa Laboratories, Inc.	MLAB	1.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 10, 2025	$0.72138	Dec 11, 2025
Dec 30, 2024	$0.00278	Dec 31, 2024
Dec 11, 2024	$0.44339	Dec 12, 2024
Dec 13, 2022	$0.72812	Dec 14, 2022
Dec 14, 2021	$1.24648	Dec 15, 2021
Dec 13, 2019	$0.0105	Dec 16, 2019

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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