Undiscovered Managers Funds has filed a new prospectus for its Undiscovered Managers Behavioral Value Fund, which will take effect on November 1, 2026. This filing is crucial as it provides investors with updated information on the fund's investment strategies, fees, and operational expenses.
Founded in Massachusetts, Undiscovered Managers Funds operates in the investment management sector. The firm is known for its focus on identifying undervalued companies and employing behavioral finance principles in its investment strategies. The company has a history of filing various forms with the SEC, including recent filings on October 20, 2026, which include multiple 497K forms and a 485BPOS form.
The latest filing, accession number 0001193125-26-426691, includes detailed information about the Undiscovered Managers Behavioral Value Fund. The prospectus outlines that the fund aims for capital appreciation by investing primarily in U.S. companies that exhibit value characteristics. This includes stocks of small-cap companies, which are often included in the Russell 2000 Value Index.
According to the filing, the fund's Class L shares are currently offered on a limited basis. The management fees are set at 0.75%, with total annual fund operating expenses estimated at 0.94%. After fee waivers and reimbursements, the total annual operating expenses are expected to be 0.90%. This transparency is designed to help potential investors make informed decisions.
The filing also highlights the fund's investment strategies, which include a focus on behavioral finance. The fund's adviser, Fuller & Thaler Asset Management, Inc., utilizes a three-pronged approach to identify investment opportunities based on market overreactions and underreactions to company news. This strategy aims to capitalize on stocks that are undervalued or have been overlooked by the market.
Investors looking to invest in the Undiscovered Managers Behavioral Value Fund may find the updated prospectus helpful in understanding the fund's objectives and associated risks. The filing indicates that the fund is subject to management risk, which could impact its performance if the adviser’s expectations are not met.
As the investment management industry continues to evolve, filings like this one from Undiscovered Managers Funds provide essential insights for investors. The focus on transparency and detailed information about fees and strategies may influence investor decisions in a competitive market.
Looking ahead, it remains to be seen how the fund will perform in the current market environment and whether it will attract new investors. The filing does not specify any upcoming votes or additional filings related to this prospectus.