First Trust/Confluence Small Cap Value Fund (FOVAX)
First Trust/Confluence Small Cap Value Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $23.09, up 0.00% on the session, giving a market capitalisation of $10.8M. Its beta of 1.03 implies it has historically moved more than the broad market.
The fund strives to meet its investment goals by allocating at least 80% of its total assets, including any borrowed capital, to the equity securities of U.S.-based companies. These are specifically firms with small market capitalizations, termed "Small-Cap Companies," at the point of investment. In typical market conditions, a company is considered a Small-Cap Company if its market value, when acquired, falls within the size spectrum of companies included in either the Russell 2000 Index or the S&P SmallCap 600 Index, based on month-end data from the most recent 12-month period.
First Trust/Confluence Small Cap Value Fund is most often compared with the following Financial Services names: