Fund Evaluator:
Pinnacle Value (PVFIX)
Follow This Fund
Best Performing in Small Value Over the Last Year
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| 45.7% | Bridgeway Omni Small-Cap Value N (BOSVX) |
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| 44.6% | Diamond Hill Small Cap Inv (DHSCX) |
Fund Details
Pinnacle Value Overview
Pinnacle Value (PVFIX) is an actively managed U.S. Equity Small Value fund. Pinnacle launched the fund in 2003.
The investment seeks long term capital appreciation with income as a secondary objective. The fund invests primarily in publicly traded equity securities of companies including common and preferred stocks, convertible securities, rights, warrants and other securities. It will invest in a diversified portfolio of securities issued primarily by small and micro-cap (generally less than $2 billion at time of investment) domestic companies which the advisor believes are trading at significant discounts to underlying earnings power or asset values.
About Pinnacle Value (PVFIX)
There are 1 members of the management team with an average tenure of 23.26 years: John Deysher (2003). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Russell 2000 TR USD index with a weighting of 100%. Pinnacle Value has 41 securities in its portfolio. The top 10 holdings constitute 32.2% 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.
Pinnacle Value is part of the Equity global asset class and is within the U.S. Equity fund group. Pinnacle Value has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.5%. There is 3.0% 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). Pinnacle Value has 44.4% of the portfolio in cash.
Assets Under Management
The fund has $38 million in total assets, which is below the $418 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.
PVFIX 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 Pinnacle Value expense ratio is high compared to funds in the Small Value category. Pinnacle Value has an expense ratio of 1.31%, which is 12% higher than its category average, making the fund expense ratio grade a D. 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. Pinnacle Value has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 127% for the Small Value category.
Recently, in the month of June 2026, Pinnacle Value returned 2.1%, which earned it a grade of F, as the Small Value category had an average return of 5.7%. 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.
Pinnacle Value has a trailing yield of 1.10%, which is above 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.
Pinnacle Value Grades
Year to date, the fund has returned 11.2%, 9.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 20.6% over the past year (grade of F), 14.4% over the past three years (grade of C) and 9.8% per year over the past five years (grade of B) and 7.7% per year over the past 10 years (grade of F).
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PVFIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PVFIX Return (NAV) | 2.1% | 7.0% | 20.6% | 14.4% | 9.8% | 7.7% |
| PVFIX Grade | F | F | F | C | B | F |
| +/- Category | -3.5% | -9.5% | -12.4% | -1.3% | 1.2% | -2.8% |
| Small Value Avg | 5.7% | 16.5% | 33.0% | 15.7% | 8.7% | 10.5% |
| PVFIX Tax Cost Ratio | na | na | 2.3% | 2.4% | 2.3% | 1.6% |
PVFIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PVFIX Return (NAV) | 11.2% | 6.0% | 10.6% | 25.4% | 1.1% | 14.3% | 3.4% | 10.7% | -11.7% | -0.1% | 16.5% |
| PVFIX Grade | F | C | B | A | A | F | C | F | A | F | F |
| +/- Category | -9.5% | -0.7% | 0.9% | 9.6% | 11.5% | -16.0% | -0.7% | -12.3% | 3.0% | -10.4% | -8.2% |
| Small Value Avg | 20.7% | 6.6% | 9.7% | 15.8% | -10.3% | 30.3% | 4.1% | 22.9% | -14.7% | 10.2% | 24.7% |
| Risk Measures | |
| Standard Deviation: | 10.2% |
| Total Risk Index: | 0.84 - Average |
| Category Risk Index: | 0.56 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.45 |
| R-Squared: | 33% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $38 Mil |
| Fund Total Assets: | $ 39 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 24% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 23.3 years | |||
| Average Tenure: 23.3 years | |||
| Managers (Year): Deysher John (2003) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 32.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.0% |
Portfolio Allocation |
|
| Domestic Stock: | 52.5% |
| Foreign Stock: | 3.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 44.4% |
Purchase Information
| Fund Family: | Pinnacle |
| Phone Number: | 877-369-3705 |
| Website: | www.pinnaclevaluefund.com |
| Status: | Open |
| Inception Date: | April 1, 2003 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.31% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.17% |
| Share Class: | Pinnacle Value |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
