First Trust/Confluence Small Cap Value Fund Class A (FOVAX)
| Fund Assets | 8.02M |
| Expense Ratio | 1.60% |
| Min. Investment | $2,500 |
| Turnover | 30.00% |
| Dividend (ttm) | 3.94 |
| Dividend Yield | 16.14% |
| Dividend Growth | 213.96% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 23.09 |
| YTD Return | -1.58% |
| 1-Year Return | -11.60% |
| 5-Year Return | -12.50% |
| 52-Week Low | 21.16 |
| 52-Week High | 26.24 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Feb 24, 2011 |
About FOVAX
First Trust/Confluence Small Cap Value Fund Class A is a mutual fund dedicated to seeking long-term capital appreciation by investing predominantly in small-cap U.S. companies. The fund primarily allocates its portfolio to equities of firms that fall within the lower end of the market capitalization spectrum, as defined by indexes such as the Russell 2000, and focuses on companies exhibiting value characteristics, such as lower price-to-book ratios and modest growth expectations. The strategy blends both value and growth considerations, resulting in a diversified collection of holdings across sectors, including consumer defensive, financial services, industrials, energy, and consumer cyclical companies. The fund is actively managed with the aim to identify undervalued opportunities among smaller, often overlooked businesses that have the potential for capital appreciation. By targeting this segment, the fund plays a role in offering investors access to a dynamic and potentially rewarding area of the U.S. equity market, while maintaining a disciplined approach to security selection and risk management within the small-cap value universe.
Performance
FOVAX had a total return of -11.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.64%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCVCX | Fidelity | Fidelity Advisor Small Cap Value Fund - Class C | 2.06% |
| FCVAX | Fidelity | Fidelity Advisor Small Cap Value Fund - Class A | 1.30% |
| FCVTX | Fidelity | Fidelity Advisor Small Cap Value Fund - Class M | 1.54% |
| FIKNX | Fidelity | Fidelity Advisor Small Cap Value Fund - Class Z | 0.90% |
| FCVIX | Fidelity | Fidelity Advisor Small Cap Value Fund - Class I | 1.03% |
Top 10 Holdings
38.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Knowles Corporation | KN | 4.63% |
| Altus Group Limited | ASGTF | 4.03% |
| Cavco Industries, Inc. | CVCO | 3.91% |
| Winnebago Industries, Inc. | WGO | 3.90% |
| Tripadvisor, Inc. | TRIP | 3.88% |
| JBT Marel Corporation | JBTM | 3.80% |
| Stewart Information Services Corporation | STC | 3.70% |
| RBC Bearings Incorporated | RBC | 3.64% |
| Hayward Holdings, Inc. | HAYW | 3.63% |
| Valvoline Inc. | VVV | 3.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $3.9421 | Dec 23, 2025 |
| Dec 24, 2024 | $1.2556 | Dec 24, 2024 |
| Dec 21, 2023 | $0.4237 | Dec 21, 2023 |
| Dec 21, 2022 | $4.2567 | Dec 21, 2022 |
| Dec 21, 2018 | $3.7825 | Dec 21, 2018 |
| Dec 23, 2014 | $2.0434 | Dec 23, 2014 |