FTBHSX

About FTBHSX

FullerThaler Behavioral Small-Cap Equity Fund Institutional Shares is an actively managed U.S. mutual fund focused on **small-cap equities** within a **small blend** style. The fund’s primary objective is long-term capital appreciation, employing a behavioral finance-based process that seeks to exploit investor **overreaction** to negative history and **underreaction** to new positive information. The strategy emphasizes signals such as **significant insider buying**, **stock repurchases**, and **large earnings surprises**, aiming to identify mispriced companies with market capitalizations similar to those in the Russell 2000 Index. The portfolio typically maintains diversified exposure across sectors including industrials, consumer cyclicals, basic materials, healthcare, and technology, with a modest liquidity sleeve in cash equivalents. As an institutional share class, it features a lower expense structure relative to non-institutional classes and is designed for larger allocators seeking cost efficiency. Within the small-cap segment, the fund serves as a **core allocation** that combines systematic research with fundamental oversight to capture behavioral-driven opportunities while targeting risk characteristics broadly aligned with its benchmark.