Welcome to the AEGIS Funds

Aegis Financial Corporation serves as the investment advisor to the Aegis Value Fund and Aegis High Yield Fund, and offers institutional and private client wealth management services through separately managed accounts.

AEGIS VALUE FUND (AVALX & AVFAX)

The Aegis Value Fund is a contrarian, fundamentals-driven mutual fund focused on deep-value small cap stocks. Managed by Scott Barbee since inception, the Fund has a long track record focused on exploiting investment opportunities within the low price-to-book equity segment. The research team is strongly committed to the strategy, with significant co-investment in the Fund.

Performance

Net Asset Value as of
September 29, 2014
Institutional Class
AVALX
Retail Class
AVFAX
NAV$18.82$18.81
Change-$0.07-$0.07
Percent Change-0.37%-0.37%

 

 

Quarter-End Performance as of 6/30/14

    Annualized
  3
Months
YTD 1
Year
3
Years
5
Years
10
Years
Since
Inception*
Aegis
Value Fund
Class I
(AVALX)
4.39% 2.87% 14.78% 16.00% 26.89% 9.26% 12.07%
Aegis
Value Fund
Class A
Without Load
(AVFAX)
4.34% NA NA NA NA NA 2.77%
Aegis
Value Fund
Class A
With Load
(AVFAX)
0.41% NA NA NA NA NA -1.08%
Russell 2000
Value Index
 
2.38% 4.20% 22.54% 14.65% 19.88% 8.24% 8.45%^
S&P 500
Index
 
5.23% 7.14% 24.61% 16.58% 18.83% 7.78% 5.52%^

Month-End Performance as of 8/31/14

    Annualized
  1
Month
YTD 1
Year
3
Years
5
Years
10
Years
Since
Inception*
Aegis
Value Fund
Class I
(AVALX)
2.99% -1.13% 5.86% 18.27% 19.36% 8.95% 11.66%
Aegis
Value Fund
Class A
Without Load
(AVFAX)
2.94% NA NA NA NA NA -1.27%
Aegis
Value Fund
Class A
With Load
(AVFAX)
-0.94% NA NA NA NA NA -4.97%
Russell 2000
Value Index
 
4.35% 2.16% 18.10% 18.78% 15.74% 8.43% 8.23%
S&P 500
Index
 
4.00% 9.89% 25.25% 20.61% 16.88% 8.38% 5.63%

*The inception date for AVALX (Class I) is 05/15/1998. The inception date for AVFAX (Class A) is 02/26/2014.

The Since Inception returns for AVFAX (Class A) are not annualized.

^Since Inception returns are as of the fund's I Class date. The returns for the Russell 2000 Value Index is 2.35% and S&P500 Index is 9.70% as of the inception date of the A Class month-end data numbers. The returns are not annualized for the Russell 2000 Value Index is 4.40% and S&P500 Index is NA% as of the inception date of the A Class for quarter-end data numbers.

The Value Fund (AVALX) has an annualized gross expense ratio of 1.38%.

The Value Fund (AVFAX) has an annualized gross expense ratio of 1.63%.

Click here for the Fund's most recent Factsheet.

AEGIS HIGH YIELD FUND (AHYFX & AHYAX)

The Aegis High Yield Fund is a value oriented, fundamentals-driven mutual fund focused on investing in the inefficient segments of the high yield bond market. The Fund normally invests at least 80% of its assets in high yield fixed income securities, and typically holds 30-50 issues believed to offer superior yield and capital appreciation potential. Credit risk is carefully scrutinized when selecting issues and interest rate risk is taken into consideration when managing portfolio duration. The research team is strongly committed to the strategy, with significant co-investment in the Fund.

Performance

Net Asset Value as of
September 29, 2014
Institutional Class
AHYFX
Retail Class
AHYAX
NAV$8.23$8.20
Change-$0.01-$0.01
Percent Change-0.12%-0.12%

 

 

Quarter-End Performance as of 6/30/14

    Annualized
  3
Months
YTD 1
Year
3
Years
5
Years
10
Years
Since
Inception*
Aegis
High Yield Fund
Class I
(AHYFX)
1.91% 5.28% 11.31% 5.44% 11.87% 8.07% 7.70%
Aegis
High Yield Fund
Class A
Without Load
(AHYAX)
1.85% 5.17% 10.83% NA NA NA 9.09%
Aegis
High Yield Fund
Class A
With Load
(AHYAX)
-1.97% 1.27% 6.68% NA NA NA 6.88%
Barclays
High Yield
Index
2.41% 5.46% 11.73% 9.48% 13.98% 9.05% 8.74%^
Morningstar
High Yield
Category Average
2.12% 4.81% 10.53% 8.19% 12.46% 7.13% 6.90%^

Month-End Performance as of 8/31/14

    Annualized
  1
Month
YTD 1
Year
3
Years
5
Years
10
Years
Since
Inception*
Aegis
High Yield Fund
Class I
(AHYFX)
-2.82% 1.36% 4.31% 5.11% 8.31% 7.58% 7.19%
Aegis
High Yield Fund
Class A
Without Load
(AHYAX)
-2.97% 1.09% 3.72% NA NA NA 6.19%
Aegis
High Yield Fund
Class A
With Load
(AHYAX)
-6.59% -2.66% -0.12% NA NA NA 4.22%
Barclays
High Yield
Index
1.59% 5.70% 10.58% 10.64% 12.28% 8.72% 8.62%^
Morningstar
High Yield
Category Average
1.27% 4.84% 9.25% 9.50% 10.82% 6.85% 6.79%^

*The inception date for AHYFX (Class I) is 01/02/2004. The inception date for AHYAX (Class A) is 08/24/2012.

^Since Inception returns are as of the fund's I Class date. The returns for the Barclays Capital High Yield Index is 9.10% and Morningstar High Yield Category is N/A as of the inception date of the A Class month-end data numbers. The returns are not annualized for the Barclays Capital High Yield Index which is 9.84% and Morningstar High Yield Category is N/A as of the inception date of the A Class for quarter-end data numbers.

The High Yield Fund (AHYFX) has an annualized gross expense ratio of 1.32%.
The Fund's net annualized expense ratio, after fee waivers, is 1.20%.

The High Yield Fund (AHYAX) has an annualized gross expense ratio of 1.57%.
The Fund's net annualized expense ratio, after fee waivers, is 1.45%.

The Advisor has contractually agreed to waive fees through 4/30/2015.

Click here for the Fund's most recent Factsheet.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call us at 800-528-3780. The Aegis High Yield Fund imposes as 2% redemption fee on shares held for less than 180 days. Performance data does not reflect the redemption fee, which would have reduced the total return. Performance data for the AVFAX and AHYAX shares with load reflects the Class A maximum sales charge of 3.75%. Additionally, performance for the Class A Shares without load is shown at NAV, and does not reflect the maximum sales charge. If reflected, total return would be reduced.




Applications   Aegis Value Fund Reports   Aegis High Yield Fund Reports
PDF Application   Class A   Class I   PDF Statutory Prospectus   PDF Statutory Prospectus
PDF Coverdell Application   Class A   Class I   PDF Summary Prospectus   PDF Summary Prospectus
PDF IRA Application   Class A   Class I   PDF SAI   PDF SAI
PDF IRA Transfer Form  
PDF IRA Disclosure      
PDF Transfer On Death Designation Form   PDF Annual Report   PDF Annual Report
  PDF Semi-Annual Report   PDF Semi-Annual Report
Shareholder Information  PDF Detail in XBRL Format   PDF Detail in XBRL Format
Click here to log into your account   PDF 2014 2Q Manager's Letter   PDF 2014 2Q Manager's Letter
  PDF 2014 1Q Manager's Letter   PDF 2014 1Q Manager's Letter
PDF AVALX - Dividends   PDF 2013 4Q Manager's Letter   PDF 2013 4Q Manager's Letter
PDF AHYFX/AHYAX - Dividends   PDF 2013 3Q Manager's Letter   PDF 2013 3Q Manager's Letter
  PDF 2013 2Q Manager's Letter   PDF 2013 2Q Manager's Letter
  PDF 2013 1Q Manager's Letter   PDF 2013 1Q Manager's Letter
  PDF 2012 4Q Manager's Letter   PDF 2012 4Q Manager's Letter
  PDF 2012 3Q Manager's Letter   PDF 2012 3Q Manager's Letter
  PDF 2012 2Q Manager's Letter   PDF 2012 2Q Manager's Letter
  PDF 2012 1Q Manager's Letter   PDF 2012 1Q Manager's Letter
  PDF 2011 4Q Manager's Letter   PDF 2011 4Q Manager's Letter


Please read and consider the prospectus carefully before investing. To obtain a hardcopy of the prospectus, please call 1.800.528.3780.

Mutual fund investing involves risk. Principal loss is possible.
Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. For the Value Fund, Investments in Real Estate Investment Trusts (REITs) involve additional risks such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. The Fund invests in smaller companies, which involves additional risks such as limited liability and greater volatility. For the High Yield Fund, investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.

Barclays High Yield Index: An unmanaged index that covers the universe of fixed-rate, non investment-grade debt.

Morningstar High Yield Bond Category: an average of all of the funds in the Morningstar High Yield Bond category.

Russell 2000 Value Index: A market capitalization weighted equity index maintained by the Russell Investment Group and based on the Russell 2000 Index,which measures how U.S. stocks in the equity value segment perform.

S&P 500 Index: An index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. One cannot invest directly in an index.

Price to Book: A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

Duration: A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years.

The Aegis Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Aegis Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

The Aegis Funds are distributed by Quasar Distributors, LLC.