The Satuit Capital Micro Cap Fund (MUTF:SATMX) is an IRA focused on small companies with the potential for big returns. It invests primarily in the securities of U.S. companies with market capitalizations under $500 million and prefers companies that are slightly undervalued. The fund may be suitable for aggressive, growth-minded and long-term investors who can withstand the market volatility that comes with investing in small companies with limited revenues and perhaps limited product or service lines.
Investing Strategy: Currently, 88% of the fund’s assets are invested in stocks, 10% is in cash and the rest of the assets are in other securities.
Expense Ratio: The fund has a 1.95 expense ratio and no transaction fee, making it expensive. It has a Morningstar Rating of five stars.
Top 5 Holdings: The top stocks in the Satuit Capital Micro Cap Fund include software products and solution provider ClickSoftware Technologies, Ltd. (NASDAQ:CKSW) at 1.64%, consumer electronics accessories designer Zagg, Inc. (NASDAQ:ZAGG) at 1.61%, Internet protocol service provider Allot Communications, Ltd. (NASDAQ:ALLT) at 1.38%, semiconductor manufacturer Volterra Semiconductor Corporation (NASDAQ:VLTR) at 1.36%, and container leasing company SeaCube Container Leasing Ltd (NYSE:BOX) at 1.34%.
Returns: The Satuit Capital Micro Cap Fund’s 12-month return of about 37% outperformed the Russell 2000’s 29% and S&P 500 Index’s 21% return over the same period. Its five-year return of about 56% is more than double the Russell 2000’s 25% return and dwarfed the S&P 500’s 8% return over the same period.
Other Fund Statistics
- Total Assets: $170.24 million (as of 7/22/11)
- Minimum Investment: $1,000
- Fund manager: Robert Sullivan, Robert Johnson, Jeffry MacCune, and Edward Moore
- Manager’s Tenure: Since December 2000, September 2006, January 2007 and February 2008, respectively