FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
Actively managed U.S. stock fund
As of its 2026 Q2 report, FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH held 77 positions with $6.18B in net assets. Its ten largest holdings made up 38.7% of the fund. The FTXNX share class costs 1.36% a year. Over the 12 months to May 2026, FTXNX returned 64.8%, with dividends reinvested. In 2026 Q2 it added 22 new positions and exited 19.
The FullerThaler Behavioral Small-Cap Growth Fund (the ?Small-Cap Growth Fund? or the ?Fund?) seeks long-term capital appreciation.
The fund invests in U.S. small-cap stocks selected through a behavioral finance framework that identifies moments when other investors have over-reacted or under-reacted to news, creating buying opportunities; it screens for companies with above-average earnings or sales growth and then applies fundamental analysis. The fund holds individual positions typically up to 10% of assets and may concentrate more than 25% in a sector when the behavioral strategy warrants it, though it will not exceed 25% in any single industry. Because the fund's security selection depends on identifying and exploiting behavioral mispricings rather than tracking an index, its performance may diverge materially from its benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.95% | $305.56M | 356.1K | $858.06 | |
4.78% | $295.39M | 975.9K | $302.70 | |
ALABASTERA LABS INC | 4.43% | $273.68M | 566.6K | $483.02 |
4.40% | $271.93M | 1.7M | $157.03 | |
4.20% | $259.48M | 1.7M | $150.03 | |
3.61% | $222.88M | 665.7K | $334.82 | |
MUFG Collateral | 3.42% | $211.25M | — | — |
3.17% | $195.57M | 732.4K | $267.02 | |
VSATVIASAT INC | 2.87% | $177.24M | 2.0M | $89.81 |
2.86% | $176.63M | 649.5K | $271.95 |
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.
All 77 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.96% |
| Cash & short-term | 5.53% |
By sector
- Information Technology
- 37.8%
- Industrials
- 24.6%
- Health Care
- 19.2%
- Consumer Discretionary
- 7.4%
- 5 other sectors
- 11.0%
- Information Technology
- 37.8%
- Industrials
- 24.6%
- Health Care
- 19.2%
- Consumer Discretionary
- 7.4%
- Cash
- 5.3%
- Financials
- 3.2%
- Energy
- 1.3%
- Materials
- 0.8%
- Consumer Staples
- 0.4%
How it has done
FTXNX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.32%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.36% | +64.80% | +126.48% | +102.59% | -21.73% | |
| 1.05% | +65.30% | +128.47% | +105.43% | -21.67% | |
| 0.93% | +65.48% | +129.19% | +106.46% | -21.66% | |
| 1.33% | +64.78% | +126.37% | +102.20% | -21.73% | |
| 1.94% | +64.81% | +125.89% | +101.25% | -21.84% |
These classes hold the same portfolio, so the 5.21pp spread over 5 years is the cost difference between them — roughly 1.04pp a year — not a difference in what they own.
Fees & fund details
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH is an actively managed U.S. equity fund. 56% of FTXNX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.93% – 1.94%· FTXNX 1.36%
- Portfolio turnover
- 99.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
22 new· the largest 8
19 exited· the largest 8
Understand how this fund fits with the rest.
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