Fund Evaluator:
Boston Trust Walden Small Cap (BOSOX)
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Best Performing in Small Blend Over the Last Year
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Fund Details
Boston Trust Walden Small Cap Overview
Boston Trust Walden Small Cap (BOSOX) is an actively managed U.S. Equity Small Blend fund. Boston Trust Walden Funds launched the fund in 2005.
The investment seeks long-term capital growth through an actively managed portfolio of stocks of small capitalization companies. The fund invests, under normal circumstances, at least 80% of its assets in a diversified portfolio of domestic equity securities of small cap companies. For these purposes, the Adviser defines small cap issuers as those with market capitalizations within the range encompassed by the Russell 2000® Index at the time of purchase.
About Boston Trust Walden Small Cap (BOSOX)
There are 3 members of the management team with an average tenure of 5.94 years: Richard Williams (2017), Leanne Moore (2020), Bradley Hunnewell (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 TR USD index with a weighting of 100%. Boston Trust Walden Small Cap has 92 securities in its portfolio. The top 10 holdings constitute 22.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Boston Trust Walden Small Cap is part of the Equity global asset class and is within the U.S. Equity fund group. Boston Trust Walden Small Cap has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Boston Trust Walden Small Cap has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $974 million in total assets, which is above the $685 million average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BOSOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Boston Trust Walden Small Cap expense ratio is high compared to funds in the Small Blend category. Boston Trust Walden Small Cap has an expense ratio of 1.00%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Boston Trust Walden Small Cap has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.
Recently, in the month of July 2026, Boston Trust Walden Small Cap returned -0.7%, which earned it a grade of A, as the Small Blend category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Boston Trust Walden Small Cap has a trailing yield of 0.00%, which is below the 0.42% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Boston Trust Walden Small Cap Grades
Year to date, the fund has returned 13.9%, 4.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.0% over the past year (grade of F), 7.7% over the past three years (grade of F) and 6.1% per year over the past five years (grade of D) and 9.9% per year over the past 10 years (grade of D).
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BOSOX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BOSOX Return (NAV) | -0.7% | 8.4% | 15.0% | 7.7% | 6.1% | 9.9% |
| BOSOX Grade | A | A | F | F | D | D |
| +/- Category | 2.1% | 3.2% | -13.2% | -5.8% | -1.5% | -0.4% |
| Small Blend Avg | -2.8% | 5.2% | 28.3% | 13.5% | 7.6% | 10.3% |
| BOSOX Tax Cost Ratio | na | na | 1.0% | 1.0% | 1.3% | 1.6% |
BOSOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BOSOX Return (NAV) | 13.9% | -4.0% | 12.6% | 10.1% | -9.1% | 28.2% | 8.2% | 29.9% | -6.0% | 12.3% | 23.3% |
| BOSOX Grade | F | F | B | F | A | B | D | A | A | D | B |
| +/- Category | -4.2% | -11.9% | 1.0% | -6.4% | 7.4% | 4.9% | -6.2% | 4.4% | 5.8% | -1.8% | 3.1% |
| Small Blend Avg | 18.2% | 7.9% | 11.6% | 16.5% | -16.5% | 23.2% | 14.4% | 25.5% | -11.8% | 14.1% | 20.2% |
| Risk Measures | |
| Standard Deviation: | 16.2% |
| Total Risk Index: | 1.32 - Above Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (9% Rank) |
| Beta: | 0.82 |
| R-Squared: | 43% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $974 Mil |
| Fund Total Assets: | $ 975 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.3 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Williams Richard (2017), Moore Leanne (2020), Hunnewell Bradley (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 92 |
| % in Top 10 Holdings: | 22.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Boston Trust Walden Funds |
| Phone Number: | 800-282-8782 |
| Website: | www.btim.com |
| Status: | Closed |
| Inception Date: | December 16, 2005 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Boston Trust Walden Small Cap |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
