MEMPHIS, Tenn., Sept. 26, 2011 (GLOBE NEWSWIRE) -- SouthernSun Asset Management, a research-driven investment management firm with 24 employees and more than $1.9 billion in assets under management as of August 31, 2011, announced today that the SouthernSun Small Cap Fund (the "Fund") has received a five-star Overall Morningstar Rating™ out of 305 small value funds as of August 31, 2011. The Fund, originally launched in September 2003, has two share classes: the Investor share class (SSSFX) and the Institutional share class (SSSIX).
Michael W. Cook, CEO and Chief Investment Officer of SouthernSun Asset Management, said, "We are pleased to have earned this rating from Morningstar. The rating highlights the strength of our detailed and thorough research process and dedicated investment team."
SouthernSun seeks to invest in niche-dominant, attractively valued companies with financial flexibility and high quality management teams. The firm believes careful, in-depth fundamental analysis of a company's financial strength, market position, and human capital is the most comprehensive method of assigning proper valuations, identifying catalysts, and reducing risk of investment.
The SouthernSun Small Cap Fund is a no-load small cap open-end mutual fund. Memphis-based SouthernSun Asset Management is the advisor to the Fund, with Michael W. Cook serving as Portfolio Manager to the Fund since inception. For more information on the Fund visit www.southernsunfunds.com or call 866-672-3863.
About SouthernSun Asset Management, LLC
SouthernSun Asset Management, LLC is a boutique investment firm that provides investment management services to public and private pension plan sponsors, corporations, foundations, endowments, and high net worth investors. The Company was founded in 1989 by Michael Cook, who continues to serve as the firm's CEO and Chief Investment Officer for all publicly traded investment strategies. SouthernSun's investment products are managed as separate accounts and in a mutual fund. For more information, please visit http://www.southernsunam.com and http://www.southernsunfunds.com.
The SouthernSun Small Cap Fund is distributed by Northern Lights Distributors, LLC. Member FINRA. SouthernSun Asset Management, LLC and Northern Lights Distributors, LLC are not affiliated entities.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so it is possible to lose money with the investment. Other fees and expenses do apply to a continued investment in the Fund and are described in the Fund's current prospectus.
The information provided in this document should not be considered a recommendation to buy or sell a particular security. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. Holdings vary over time. Sector weightings are subject to change and should not be considered a recommendation to invest in specific sectors. The Fund may contain international securities that may provide the opportunity for greater return, but also have special risks associated with foreign investing including fluctuations in currency, government regulation, differences in accounting standards, and liquidity. The Fund contains small cap securities that may provide the opportunity for greater return, but also have special risks associated with small cap investments including wider variations in earnings and business prospects than larger, more established companies. The Fund may contain illiquid securities that may also subject the Fund to a greater level of risk.
INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF SOUTHERNSUN FUNDS. THIS AND OTHER INFORMATION ABOUT SOUTHERNSUN FUNDS IS CONTAINED IN THE PROSPECTUS, WHICH CAN BE OBTAINED BY CALLING 1-866-672-3863 OR BY VISITING OUR WEBSITE AT
WWW.SOUTHERNSUNFUNDS.COM, AND SHOULD BE CAREFULLY READ BEFORE INVESTING.
© 2011 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating(TM) based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The SouthernSun Small Cap Fund was rated against the following numbers of U.S.-domiciled Small Value funds over the following time periods: 305 funds in the last three years and 258 funds in the last five years. With respect to these Small Value funds, the SouthernSun Small Cap Fund received a Morningstar Rating of four stars and five stars for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
Morningstar Rating is for the Investor share class only; other classes may have different performance characteristics, fees, and expenses.
1987-NLD-9/23/2011