Fund Evaluator:

Monongahela All Cap Value Overview

Monongahela All Cap Value (MCMVX) is an actively managed U.S. Equity Mid-Cap Value fund. Moncapfund launched the fund in 2013.

The investment seeks total return through long-term capital appreciation and income. The fund seeks to achieve its investment objective by investing primarily in a portfolio of domestic equity securities, which primarily consist of common and preferred stocks and securities convertible into common stocks, of companies of any market capitalization. It may invest up to 30% of its assets in fixed-income securities whose returns the Adviser believes will provide comparable returns to the equities in which the fund invests.

About Monongahela All Cap Value (MCMVX)

There are 2 members of the management team with an average tenure of 13.18 years: Michael Rodgers (2013), Mark Rodgers (2013). 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 2000 Value TR USD index with a weighting of 100%. Monongahela All Cap Value has 45 securities in its portfolio. The top 10 holdings constitute 42.6% 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.

Monongahela All Cap Value is part of the Equity global asset class and is within the U.S. Equity fund group. Monongahela All Cap Value has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.7%. 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). Monongahela All Cap Value has 8.3% of the portfolio in cash.

Assets Under Management

The fund has $48 million in total assets, which is below the $650 million average for the Mid-Cap 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.

MCMVX 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 Monongahela All Cap Value expense ratio is high compared to funds in the Mid-Cap Value category. Monongahela All Cap Value has an expense ratio of 0.86%, which is 17% 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. Monongahela All Cap Value has a portfolio turnover rate of 37%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of August 2026, Monongahela All Cap Value returned 1.3%, which earned it a grade of B, as the Mid-Cap Value category had an average return of 1.1%. 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.

Monongahela All Cap Value has a trailing yield of 0.99%, which is above the 0.85% 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.

Monongahela All Cap Value Grades

Year to date, the fund has returned 20.6%, 3.7 percentage points better than the category, which translates into a grade of A. The fund has returned 25.2% over the past year (grade of A), 17.3% over the past three years (grade of B) and 10.0% per year over the past five years (grade of B) and 12.7% per year over the past 10 years (grade of A).

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