Small Cap Value Fund

Overall Morningstar Rating
Overall rating out of 353 Small Value category funds as of 03/31/2017

Value Fund

Overall Morningstar Rating
Overall rating out of 1,084 Large Value category funds as of 03/31/2017

Learn more about the Morningstar rating.

Bragg Financial Advisors

The Queens Road Funds are managed by Bragg Financial Advisors, a family owned and directed RIA firm serving the Charlotte, North Carolina community for over 50 years.

Research our firm with FINRA's BrokerCheck.

Bragg Building
The Bragg Building

In the Press

04/17/2017 Financial Advisor—PM Steve Scruggs and Bill Hortz discuss how Benjamin Graham principles apply to today's innovative companies as Queens Road looks for investment opportunities.

04/05/2017 Morningstar Magazine—Tom Lauricella sat down with the investment team at Queens Road for an in-depth interview to learn more about our people, process and results over time. Morningstar named the Queens Road Small Cap Value fund to the Morningstar Prospects list in 2016 and chose to feature the fund in the April issue of the magazine.

02/13/2017 US News & World Report—Queens Road Small Cap Value included on list of Small Value mutual fund picks as of 02/13/2017. Click here to learn more about their ratings methodology.

Read more in the Press Center.

Queens Road Funds

Welcome to the Queens Road Funds. We are pleased to offer two value-oriented mutual funds that are managed using the security valuation principles of Benjamin Graham and David Dodd. Thank you for taking a few moments to read about our investment philosophy and process and our investment committee.

We welcome calls and questions from the Registered Investment Advisory community. Please email John Bragg, CFP®, or call (888) 353‑0261 with questions or to schedule a call with Portfolio Manager Steve Scruggs, CFA®.


Firm Principals
Front: John Bragg, Steve Scruggs, and Phillips Bragg
Back: Benton and Frank Bragg

Performance Summary: March 31, 2017

Queens Road Small Cap Value Fund

YTD 12
Months
Avg.
Annual
3-Year
Return*
Avg.
Annual
5-Year
Return*
Avg.
Annual
10-Year
Return*
Since
Inception*
Lifetime
Cumulative
Queens Road Small Cap Value Fund -0.76% 8.81% 6.14% 9.37% 6.69% 9.63% 289.76%
Russell 2000 Value Index -0.13% 29.37% 7.62% 12.54% 6.09% 9.04% 259.80%
Performance as of March 31, 2017; gross annual operating expenses 1.26%
*Performance annualized since June 2002 inception.

Queens Road Value Fund

YTD 12
Months
Avg.
Annual
3-Year
Return*
Avg.
Annual
5-Year
Return*
Avg.
Annual
10-Year
Return*
Since
Inception*
Lifetime
Cumulative
Queens Road Value Fund 6.96% 17.13% 8.38% 11.48% 5.69% 7.88% 207.29%
S&P 500/Citi Value Index 3.29% 18.65% 8.87% 12.66% 5.70% 7.71% 200.11%
Performance as of March 31, 2017; gross annual operating expenses 0.96%
*Performance annualized since June 2002 inception

Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. Returns as of the recent month-end may be obtained by calling (888) 353‑0261.

Investment return and principal value will fluctuate, so that shares may be worth more or less than their original cost when redeemed. There can be no assurance that the fund will meet any of its objectives.

From inception to 12/31/2004 the Fund's manager and its affiliates voluntarily absorbed certain expenses of the fund and voluntarily waived its management fee. Had the Fund's manager not done this, returns would have been lower. The Fund's manager and its affiliates do not intend to absorb any expenses or waive its management fee in the future.

Queens Road Small Cap Value Fund invests primarily in small-cap companies which may involve considerably more risk than investing in larger-cap stocks.

Morningstar Rating
© 2016 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-,five- and 10-year (if applicable) Morningstar Rating metrics.

The Queens Road Small Cap Value fund was rated against the following numbers of U.S.-domiciled insert name of Small Value category funds over the following time periods: 353 funds in the last three years, 309 funds in the last five years, and 199 funds in the last 10 years. With respect to these Small Value category funds, the Queens Road Small Cap Value fund received a Morningstar Rating of 3-stars, 2-stars, and 4-stars for the three-, five- and 10-year periods, respectively. Past performance is no guarantee of future results.

The Queens Road Value fund was rated against the following numbers of U.S.-domiciled insert name of Large Value category funds over the following time periods: 1,084 funds in the last three years, 936 funds in the last five years, and 679 funds in the last 10 years. With respect to these Large Value category funds, the Queens Road Value fund received a Morningstar Rating of 4-stars, 3-stars, and 4-stars for the three-, five- and 10-year periods, respectively. Past performance is no guarantee of future results.