FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
Capitol Series Trust · Series S000051163 · 5 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q1
The FullerThaler Behavioral Small-Cap Equity Fund (the ?Small-Cap Equity Fund? or the ?Fund?) seeks long-term capital appreciation.
The fund invests in small-cap U.S. stocks selected through a behavioral finance framework that identifies investor mistakes—overreactions to bad news or underreactions to good news—and then applies fundamental analysis to confirm solid company fundamentals before buying. The fund may concentrate more than 25% of assets in a single sector when its behavioral strategy indicates this is appropriate, though it will not exceed 25% in any single industry. Because the fund's security selection depends on identifying and exploiting specific behavioral patterns and events, its holdings and performance may diverge materially from the Russell 2000 Index.
| Share class | Expense ratio |
|---|---|
| FTHNX | 1.05% |
| FTHFX | 0.64% |
| FTHSX | 0.76% |
| FTYCX | 1.64% |
| FTHAX | 1.07% |
Portfolio turnover 28.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.87% |
| Cash & short-term | 0.60% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +32.61% | +70.81% | +70.43% | 12.70% | -15.53% | |
| +33.16% | +72.95% | +73.93% | 12.69% | -15.40% | |
| +32.98% | +72.29% | +72.91% | 12.71% | -15.44% | |
| +17.24% | +18.14% | -8.06% | 12.64% | -19.79% | |
| -34.90% | -79.74% | -95.12% | 11.96% | -80.28% |
These classes hold the same portfolio, so the 169.04pp spread over 5 years is the cost difference between them — roughly 33.81pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| EXEL | EXELIXIS INCEXEL | 3.03% | $54.41 | $383.13M | 7.0M |
| JAZZ | JAZZ PHARMACEUTICALS PLCJAZZ | 2.97% | $240.97 | $376.29M | 1.6M |
| EME | EMCOR GROUP INCEME | 2.70% | $829.88 | $341.46M | 411.5K |
| MTCH | MATCH GROUP INCMTCH | 2.42% | $38.05 | $306.23M | 8.0M |
| AIT | APPLIED INDUSTRIAL TECHNOLOGIES INCAIT | 2.28% | $338.15 | $288.59M | 853.5K |
| AMG | AFFILIATED MANAGERS GROUP INCAMG | 2.18% | $338.40 | $276.06M | 815.8K |
| AYI | ACUITY INCAYI | 2.05% | $376.66 | $259.49M | 688.9K |
| GTX | GARRETT MOTION INCGTX | 2.00% | $36.23 | $253.41M | 7.0M |
| EHC | ENCOMPASS HEALTH CORPEHC | 1.87% | $101.08 | $237.29M | 2.3M |
| BWA | BORGWARNER INCBWA | 1.84% | $66.40 | $232.66M | 3.5M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 23.34% of net assets, top 25 46.94%, across 121 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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