Investment Objective and Strategy

Is this fund a good choice for me?
The Small-Company Stock Fund may be appropriate if your goal is to grow your savings over the next several years by investing in smaller U.S. companies. You’re also comfortable with temporary — yet sometimes dramatic — fluctuations in your account balance based on the performance of the underlying stocks.

Investment objective and strategy
The fund seeks long-term growth of capital for the long-term investor and generally invests in stocks of companies selling at prices below what RE Advisers believes to be their fundamental value. To determine whether a stock is undervalued, RE Advisers considers, among other factors, potential earning power, financial debt ratios and any competitive advantages a company may have. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowing for investment purposes) in common stocks of companies whose market capitalization, at the time of purchase, is within the range of the market capitalization of companies represented in the Russell 2000 Index.

Performance

Total Returns

As of 9/30/2021

Calendar-Year Total Returns

Growth of $10,000

The line chart compares the change in value of a $10,000 investment in the fund and the Russell 2000 Index over a 10-year period. The chart represents past performance, which is no guarantee of future results. Current performance may be higher or lower than that shown above. Returns and the principal value of your investment will fluctuate such that shares, when redeemed, may be worth more or less than their original cost. The fund’s average annual total returns are net of any fee waivers and reimbursements. Returns do not reflect taxes that the shareholder may pay on fund distributions or the redemption of fund shares.

Industry Rankings

For the month ending 12/31/2021

Morningstar

Category Small Blend
Rating*
★★★

*Overall, out of 596 funds, according to risk-adjusted return

Lipper

Classification Small-Cap Core Funds
expense1
4

1Overall, out of 177 funds, according to expense minimization

Share Price History

As of 01/18/2022

The chart plots daily share prices for the last 10 years. The interactive calendar will retrieve the share price for any business day since the fund's inception.

Composition

Sector Weightings

As of 9/30/2021

Top 10 Holdings

As of 9/30/2021

Medpace Holdings, Inc. 3.6%
Avient Corp. 3.5%
Applied Industrial Technologies, Inc. 3.3%
AMN Healthcare Services, Inc. 3.3%
Summit Materials, Inc. 3.2%
Atkore Inc. 2.8%
j2 Global, Inc. 2.8%
Glacier Bancorp, Inc. 2.8%
Descartes Systems Group Inc. (The) 2.7%
ManTech International Corp. 2.6%
Total 30.6%

Portfolio holdings are subject to change without notice.

Portfolio Characteristics

As of 9/30/2021

Net Assets $304,807,879
Number of Holdings 61

Distributions

Income and/or capital gains distributions for this fund, if any, are listed in the table below for the current and previous calendar year. Mutual funds are required to pass through to their shareholders substantially all of the interest income and capital gains earned by the fund during the year. These distributions are paid on a regular schedule as shown in the table below.

2021 Earnings Distribution

Distribution Type Record Date Declaration Date $/Per Share
Long-Term Capital Gains 6/29/21 6/30/21 $0.6825
Short-Term Capital Gains 6/29/21 6/30/21 $0.1388
Long-Term Capital Gains 12/15/21 12/16/21 $3.6492
Ordinary Income 12/15/21 12/16/21 $0.1683
Short-Term Capital Gains 12/15/21 12/16/21 $0.6487

The record date is the date on which you must be a shareholder in order to receive a portion of the fund’s distribution.

The declaration date, typically the business day after the record date, is the date the amount of the distribution is announced and deducted from fund assets. On this day, the amount of the distribution is deducted from fund assets and calculated as a per share amount to be passed through to shareholders. The fund’s share price will decline by the amount of the distribution (plus or minus any share price change related to market activity). The following business day, shareholders will see their portion of the distribution posted to their account as either a cash dividend or dividend reinvestment.

Portfolio Management

Equity securities generally have greater price volatility than fixed-income securities and are subject to issuer risk and market risk. Securities of small and medium-sized companies tend to be riskier than those of larger companies.