Cardinal Small Cap Value Fund Overview


The Cardinal Small Cap Value Fund seeks to achieve long-term capital appreciation.


Cardinal uses a value investment strategy based on proprietary fundamental research. Value investing involves buying stocks that, in the view of Cardinal, are out of favor or undervalued relative to their peers. We emphasize companies with the ability to generate discretionary cash flow after spending what is required to maintain the business at its current level of revenue, and to redeploy such cash flow to enhance value.

We also look for the following characteristics:

  • Stable and predictable business model
  • Motivated and competent management
  • Unduly depressed valuation
  • Catalyst for positive market revaluation

In-house fundamental research is the centerpiece of our investment process. We focus on gathering information on companies that, in our view, are not well known to most institutional investors, by developing opinions on companies or businesses that are contrary to prevailing thinking, or by investigating corporate events that may signal a company's undervaluation. Once investment opportunities are identified, we research prospective companies by analyzing regulatory financial disclosures, and by speaking with industry experts and company management. The purpose of this research is to gain an understanding of the company's business model, competitive advantages and capital allocation discipline. The information gathered in the due diligence process is incorporated into a proprietary discounted cash flow model, which is used to guide our buy and sell prices for each company.

Cardinal Small Cap Value Fund
Asset Class / Style U.S. Equity / Value
Fund Inception Date: 04/01/2014
Benchmark: Russell 2000 Value Index
Ticker Symbol: CCMSX
Minimum Initial Investment: $1,000,000
Gross Expense Ratio: 1.44%
Net Expense Ratio: 1.00%*

*Fee waivers are contractual through May 31, 2019

Cardinal Capital Management, L.L.C. (the "Adviser") has contractually agreed to reduce its fees and/or reimburse expenses in order to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, Acquired Fund Fees and Expenses and extraordinary expenses) from exceeding 1.00% of the Fund's Institutional Class shares' average daily net assets until May 31, 2019.

Principal Risks

The Cardinal Small Cap Value Fund is distributed by SEI Investments Distribution Co. 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with the Adviser or its affiliates. Check the background of SEI Investments Distribution Co. on FINRA's BrokerCheck.

Mutual fund investing involves risk, including possible loss of principal. There can be no assurance that the Portfolio will achieve its stated objectives. Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus. Investments in foreign securities may underperform and may be more volatile than comparable U.S. securities because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. Investments in foreign and emerging markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information may be found in the Fund's summary and full prospectus, which may be obtained by calling 1-844-CCM-SEIC (1-844-226-7342), or by visting the website at CARDINAL SMALL CAP VALUE FUND Prospectus | March 1, 2018. Please read the prospectus carefully before investing.

Mutual fund investing involves risk including loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. There can be no assurance that the Fund will achieve its stated objective.

The Cardinal Small Cap Value Fund is 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 this Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.