Aegis Value Fund Class I (AVALX)

Fund Assets	1.10B
Expense Ratio	1.36%
Min. Investment	$10,000
Turnover	12.00%
Dividend (ttm)	1.37
Dividend Yield	1.74%
Dividend Growth	-52.92%
Payout Frequency	Annual
Ex-Dividend Date	Dec 12, 2025

Previous Close	77.52
YTD Return	31.94%
1-Year Return	57.41%
5-Year Return	228.57%
52-Week Low	50.28
52-Week High	78.62
Beta (5Y)	0.75
Holdings	91
Inception Date	May 15, 1998

About AVALX

Aegis Value Fund Class I is a mutual fund focused on delivering long-term capital appreciation by investing primarily in small capitalization stocks considered deeply undervalued. Employing a contrarian, fundamentals-driven strategy, the fund seeks companies trading at significant discounts to tangible book value or at low multiples of future cash flows. Its portfolio is highly concentrated, with a significant proportion invested in energy, basic materials, and financial services sectors, reflecting a high conviction approach. Managed since inception by Scott Barbee, the fund is recognized for its disciplined emphasis on asset valuation and balance sheet strength, conducting rigorous financial analysis to identify potential opportunities overlooked by the broader market. Institutional in structure, Aegis Value Fund Class I maintains a high active share and is often cited for its low price-to-book portfolio metrics relative to peers. With a history dating back to 1998, it serves investors aiming for exposure to undervalued small-cap equities as part of diversified portfolios, while charging a management fee that reflects its active, research-intensive approach.

• Fund Family: Aegis
• Category: Natural Resources
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: AVALX
• Share Class: Class I
• Index: S&P SmallCap 600 Pure Value TR

Performance

AVALX had a total return of 57.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.71%.

Top 10 Holdings

34.29% of assets

Name	Symbol	Weight
Cenovus Energy Inc.	CVE	7.35%
International Petroleum Corporation	IPCO	3.54%
Precision Drilling Corporation	PD	3.35%
Equinox Gold Corp.	EQX	3.20%
Bank of Cyprus Holdings PLC	318	3.05%
Harley-Davidson, Inc.	HOG	2.96%
Capital Limited	CAPD	2.83%
Hallador Energy Company	HNRG	2.70%
Vermilion Energy Inc.	VET	2.66%
Radian Group Inc.	RDN	2.66%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$1.36918	Dec 12, 2025
Dec 13, 2024	$2.90831	Dec 13, 2024
Dec 15, 2023	$0.78837	Dec 15, 2023
Dec 16, 2022	$0.05086	Dec 16, 2022
Dec 4, 2020	$1.3939	Dec 4, 2020
Dec 20, 2019	$0.4467	Dec 20, 2019

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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