Private Capital Management Value Fund Class I (VFPIX)

Fund Assets	69.50M
Expense Ratio	1.21%
Min. Investment	$5,000
Turnover	14.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 3, 2025

Previous Close	18.89
YTD Return	3.08%
1-Year Return	5.65%
5-Year Return	45.00%
52-Week Low	16.57
52-Week High	21.04
Beta (5Y)	0.88
Holdings	31
Inception Date	May 28, 2010

About VFPIX

Private Capital Management Value Fund Class I is an actively managed mutual fund focusing on long-term capital appreciation by investing primarily in common stocks of North American companies. The fund distinguishes itself through a value-oriented, cash-flow-driven investment approach that targets small-cap and micro-cap stocks—companies with market capitalizations below $3 billion and $1 billion, respectively. These segments often require intensive research and are considered under-followed, which can present unique opportunities for skilled analysis. The fund maintains a highly concentrated portfolio, typically holding fewer than 40 positions, and frequently commits 3% to 5% of assets to individual convictions, reflecting a high-conviction management style. This strategy seeks to capture significant potential upside from individual stock selection rather than diluting performance across hundreds of holdings. Managed by Private Capital Management—a firm with over 35 years of small-cap portfolio experience—the fund plays a niche role in the market, appealing to investors seeking exposure to less liquid, more volatile small companies with perceived undervaluation. Its institutional share class structure is designed for larger investors, with a minimum investment requirement and a focus on operational efficiency.

• Fund Family: Private Capital Management
• Category: Small Blend
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VFPIX
• Share Class: Class I
• Index: Russell 2000 TR

Performance

VFPIX had a total return of 5.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.66%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
SWSSX	Schwab	Schwab Small Cap Index Fund	0.04%
FSSNX	Fidelity	Fidelity Small Cap Index Fund	0.03%
FSCRX	Fidelity	Fidelity Small Cap Discovery Fund	0.64%
FSSLX	Fidelity	Fidelity Series Small Cap Core	0.01%
FLXSX	Fidelity	Fidelity Flex Small Cap Index Fund	n/a

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VFPAX	Class A	1.45%

Top 10 Holdings

61.68% of assets

Name	Symbol	Weight
BNY Dreyfus Treasury Secs Csh Mgmt Inst	DIRXX	13.86%
Harrow, Inc.	HROW	7.36%
Target Hospitality Corp.	TH	6.87%
QuinStreet, Inc.	QNST	6.63%
Ligand Pharmaceuticals Incorporated	LGND	5.51%
Perion Network Ltd.	PERI	4.91%
BGC Group, Inc.	BGC	4.67%
Lantheus Holdings, Inc.	LNTH	4.17%
Barrett Business Services, Inc.	BBSI	3.95%
KKR & Co. Inc.	KKR	3.75%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 3, 2025	$0.3957	Dec 4, 2025
Dec 4, 2024	$1.6857	Dec 5, 2024
Dec 6, 2023	$0.1008	Dec 7, 2023
Dec 7, 2022	$0.17021	Dec 8, 2022
Dec 31, 2021	$0.72217	Jan 3, 2022
Dec 8, 2021	$1.3399	Dec 9, 2021

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

Data Sources Report a data error