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Home > Financial Services > Mutual Funds > ICM Series Trust.
ICM Series Trust.
Ironwood Capital Management, LLC, the funds manager, is located at 21
Custom House Street, Suite 240, Boston, MA 02110 and was formed in August 1997.
ICM has provided investment advisory and management services to clients since
1998. It currently manages approximately $450 million in assets for the fund,
Institutional clients, such as pension funds, endowments, foundations and public
Retirement plans, as well as for high net worth individual investors.
The funds investment adviser seeks to combine the risk-averse nature of value investing with the superior long-term capital appreciation potential of small company stocks. The fund invests at least 80 percent of its assets in companies that have market capitalizations of less than $1 billion at the time of purchase. Market capitalization is the stock price multiplied by the total number of shares outstanding. The fund may make subsequent investments in such companies as long as the company's market capitalization is less than $1.5 billion at the time of such investment.
Although the fund does not intend to engage in trading for short-term profits .Significant portfolio turnover could increase expenses the fund incurs for securities trading, as well as increase the likelihood that the fund will have more short-term capital gain from investment income, which is not taxed at a preferred rate. Increased expenses and taxes could adversely affect the funds Overall performance, as they reduce the fund's return.
ICM Series Trust is an open-end management investment company. Currently, the Trust offers one investment portfolio, ICM/Isabelle Small Cap Value Fund. The Fund currently offers two classes of shares, Investment Shares and Institutional Shares.
In approving the continuation of the investment advisory agreement with respect to the Fund, the Board, including the Disinterested Trustees, carefully considered (1) the nature and quality of services to be provided to the Fund; (2) ICM’s compensation and profitability for providing such services; (3) the indirect costs and benefits of providing the advisory services; (4) the extent to which economies of scale are shared with the Fund through breakpoints or otherwise; and (5) comparative information on fees and expenses of similar mutual funds.. From time to time, the fund may cite certain performance rankings in its advertisements or reports to Shareholders for the purpose of illustrating or comparing its past performance with that of other mutual funds.
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