Fund Evaluator:
Geneva SMID Cap Growth Institutional (GCSVX)
Follow This Fund
Best Performing in Mid-Cap Growth Over the Last Year
| 44.9% | PRIMECAP Odyssey Aggressive Growth (POAGX) |
| 27.1% | Eventide Gilead N (ETGLX) |
| 23.3% | Sit Small Cap Growth (SSMGX) |
| 19.8% | Goldman Sachs Small/Mid Cap Growth Inv (GTMTX) |
| 19.2% | ProFunds Mid Cap Growth Inv (MGPIX) |
Fund Details
Geneva SMID Cap Growth Institutional Overview
Geneva SMID Cap Growth Institutional (GCSVX) is an actively managed U.S. Equity Mid-Cap Growth fund. Geneva launched the fund in 2021.
The investment seeks to achieve long-term capital appreciation. The fund invests, under normal market conditions, in common stocks of publicly traded companies that the adviser believes demonstrate, at the time of a stock’s purchase, strong growth characteristics such as a leadership position in the relevant industry, a sustainable advantage, strong earnings growth potential and experienced management. Under normal circumstances, the fund invests at least 80% of its net assets in small- and mid-cap companies.
About Geneva SMID Cap Growth Institutional (GCSVX)
There are 2 members of the management team with an average tenure of 4.92 years: William Priebe (2021), José Muñoz (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 2500 Growth TR USD index with a weighting of 100%. Geneva SMID Cap Growth Institutional has 37 securities in its portfolio. The top 10 holdings constitute 44.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Geneva SMID Cap Growth Institutional is part of the Equity global asset class and is within the U.S. Equity fund group. Geneva SMID Cap Growth Institutional has 2.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.8%. There is 2.2% 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). Geneva SMID Cap Growth Institutional has 4.0% of the portfolio in cash.
Assets Under Management
The fund has $42 million in total assets, which is below the $658 million average for the Mid-Cap Growth 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.
GCSVX 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 Geneva SMID Cap Growth Institutional expense ratio is high compared to funds in the Mid-Cap Growth category. Geneva SMID Cap Growth Institutional has an expense ratio of 0.85%, which is 22% lower than its category average, making the fund expense ratio grade a B. 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. Geneva SMID Cap Growth Institutional has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Growth category.
Recently, in the month of July 2026, Geneva SMID Cap Growth Institutional returned -2.8%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of -5.5%. 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.
Geneva SMID Cap Growth Institutional has a trailing yield of 0.00%, which is below the 0.03% category average. The fund normally distributes its income 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.
Geneva SMID Cap Growth Institutional Grades
Year to date, the fund has returned -1.6%, 7.3 percentage points worse than the category, which translates into a grade of F. The fund has returned -4.7% over the past year (grade of F) and 2.7% over the past three years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Geneva SMID Cap Growth Institutional, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GCSVX 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 |
|
| GCSVX Return (NAV) | -2.8% | -1.0% | -4.7% | 2.7% | na | na |
| GCSVX Grade | A | F | F | F | na | na |
| +/- Category | 2.7% | -3.1% | -10.2% | -7.8% | na | na |
| Mid-Cap Growth Avg | -5.5% | 2.1% | 5.5% | 10.5% | 2.5% | 10.9% |
| GCSVX Tax Cost Ratio | na | na | 0.7% | 0.3% | na | na |
GCSVX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GCSVX Return (NAV) | -1.6% | -8.9% | 14.7% | 19.9% | -24.7% | na | na | na | na | na | na |
| GCSVX Grade | F | F | C | D | B | na | na | na | na | na | na |
| +/- Category | -7.3% | -15.0% | -2.6% | -0.8% | 3.3% | na | na | na | na | na | na |
| Mid-Cap Growth Avg | 5.7% | 6.1% | 17.3% | 20.8% | -28.1% | 12.3% | 40.4% | 33.9% | -4.6% | 25.3% | 5.3% |
| Risk Measures | |
| Standard Deviation: | 17.5% |
| Total Risk Index: | 1.42 - High |
| Category Risk Index: | 0.92 - Below Average |
| Category Risk Grade: | B (31% Rank) |
| Beta: | 0.98 |
| R-Squared: | 54% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $42 Mil |
| Fund Total Assets: | $ 42 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 12% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Priebe William (2021), Muñoz José (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 44.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.2% |
Portfolio Allocation |
|
| Domestic Stock: | 93.8% |
| Foreign Stock: | 2.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.0% |
Purchase Information
| Fund Family: | Geneva |
| Phone Number: | 855-213-2973 |
| Website: |
| Status: | Open |
| Inception Date: | September 3, 2021 |
| 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 (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.09% |
| Share Class: | Geneva SMID Cap Growth Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
