Southernsun Small Cap Fund
The SouthernSun Small Cap Fund seeks to provide long-term capital appreciation by applying our proprietary methodology of analyzing smaller capitalization companies based on financial strength, management adaptability, and niche dominance. In doing so, we look for companies we feel are trading at significant discounts to our view of their long-term value.
The fund generally holds between twenty (20) and forty (40) companies. No single name will be more than ten percent (10%) of the Fund's market value. No single industry will be more than twenty-five percent (25%) of the Fund's market value.
There are two share classes of the SouthernSun Small Cap Fund available. The Investor share class (SSSFX) and the Institutional share class (SSSIX). Please see the prospectus for more details regarding these two share classes.
For more information about the Fund, please contact us at 866-672-3863 or click here to read the prospectus.
| Top 10 Holdings As of 3/31/2012 | |
| Security Description * | |
| URS Corporation | 4.84% |
| Darling International, Inc. | 4.71% |
| OGE Energy Corp. | 4.62% |
| AGCO Corp. | 4.60% |
| Trinity Industries, Inc. | 4.38% |
| Affiliated Managers Group | 4.22% |
| Brink's Co. | 4.03% |
| Chicago Bridge & Iron Co. | 4.00% |
| Broadridge Financial Solutions | 3.96% |
| Centene Corp. | 3.93% |
| 43.29% | |
* Based On Net Assets
Portfolio holdings are subject to change and should not be considered to be investment advice.
| Fund Facts | ||
| Investor | Institutional | |
| Ticker | SSSFX | SSSIX |
| CUSIP | 66537T190 | 66537T216 |
| Expense Ratio (1) | 1.35% | 1.10% |
| 12(b)-1 fees (2) | 0.25% | N/A |
| Inception Date | 10/1/2003 | 10/1/2009 |
| Investment Minimums | ||
| Initial | $1,000 | $1,000,000 |
| Subsequent (3) | $250 | N/A |
| Industry Weightings (4) As of 3/31/2012 |
 |
| *The above are sub-sectors within the Producer Durables sector |
| Fund Characteristics * As of 3/31/2012 | ||
| Fund | Russell 2000 Index | |
| Net Assets (mil) As of 3/31/2012 | $322.6 | N/A |
| Number of Holdings | 27 | 1,941 |
| Annualized Turnover (5yr) | 39.39% | N/A |
| Market Cap-Wtd Med (bil) | $3.26 | $1.23 |
| Market Cap-Wtd Avg (bil) | $3.35 | $1.35 |
| Price-to-Earnings | 14.6x | 17.4x |
| Debt-to-Capital | 28.4% | 23.5% |
| Return on Equity | 16.7% | 9.3% |
| Regional Breakdown As of 3/31/2012 | |
| Country | Percentage Allocation |
| United States | 95.48% |
| Netherlands | 4.52% |
Source: FactSet, Gemini Fund Services, LLC and SouthernSun Asset Management, LLC
*Price-to-Earnings is calculated using weighted harmonic averages
excluding negative values. Return on Equity and Debt-to-Capital are calculated using weighted averages.
(1) The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until January 31, 2013, to ensure that the net annual fund operating expenses will not exceed 1.50% for the Investor share class and 1.25% for the Institutional share class, subject to possible recoupment from the Fund in future years. Without these waivers, the Fund's total annual operating expenses would be 1.35% for the Investor share class and 1.10% for the Institutional share class.
(2) Included in expense ratio.
(3) All account types.
(4) Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy any individual security.
Small Cap securities involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more-erratic and more-abrupt market movements. There is no guarantee the fund will meet or maintain its objective.
Disclaimer
SouthernSun Funds are offered only to citizens and residents of the U.S., and the information on this Internet site is intended only for such persons. Nothing on this Internet site should be considered a solicitation to buy or an offer to sell shares of any SouthernSun Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Investments are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money.
Investors should carefully consider the investment objectives, risks, charges and expenses of the SouthernSun Funds. This and other information about the Funds is contained in the prospectus and should be read carefully before investing. The prospectus for both funds can be obtained by calling toll free 1-866-672-3863 or by clicking here. The SouthernSun Funds are distributed by Northern Lights Distributors, LLC. SouthernSun Asset Management and Northern Lights Distributors, LLC are not affiliated.
© 2012 SouthernSun Asset Management. All rights reserved.
0660-NLD-5/2/2012