Fund Evaluator:

Kennedy Capital Small Cap Value Instl Overview

Kennedy Capital Small Cap Value Instl (KVALX) is an actively managed U.S. Equity Small Value fund. Kennedy Capital Management launched the fund in 2022.

The investment seeks capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small capitalization companies. The equity securities in which the fund invests are primarily domestic common stock, but may also include securities of real estate investment trusts (“REITs”), warrants, rights, American Depositary Receipts (“ADR”), and shares of investment companies, including exchange-traded funds (“ETFs”) designed to track small cap indices.

About Kennedy Capital Small Cap Value Instl (KVALX)

There are 2 members of the management team with an average tenure of 4.35 years: Frank Latuda (2022), McAfee Burke (2022). 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 Value TR USD index with a weighting of 100%. Kennedy Capital Small Cap Value Instl has 116 securities in its portfolio. The top 10 holdings constitute 16.8% 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.

Kennedy Capital Small Cap Value Instl is part of the Equity global asset class and is within the U.S. Equity fund group. Kennedy Capital Small Cap Value Instl has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.4%. There is 0.9% 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). Kennedy Capital Small Cap Value Instl has 2.9% of the portfolio in cash.

Assets Under Management

The fund has $86 million in total assets, which is below the $415 million average for the Small Value 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.

KVALX 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 Kennedy Capital Small Cap Value Instl expense ratio is high compared to funds in the Small Value category. Kennedy Capital Small Cap Value Instl has an expense ratio of 0.89%, which is 24% 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. Kennedy Capital Small Cap Value Instl has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 129% for the Small Value category.

Recently, in the month of August 2026, Kennedy Capital Small Cap Value Instl returned 0.0%, which earned it a grade of B, as the Small Value category had an average return of -0.4%. 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.

Kennedy Capital Small Cap Value Instl has a trailing yield of 0.38%, which is below the 0.77% 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.

Kennedy Capital Small Cap Value Instl Grades

Year to date, the fund has returned 23.8%, 4.1 percentage points better than the category, which translates into a grade of B. The fund has returned 23.1% over the past year (grade of C) and 16.9% over the past three years (grade of B).

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