AmericaFirst Monthly Risk-On Risk-Off Fund (ABRFX)
The fund seeks to achieve its investment objective primarily through long positions in global equity markets and U.S. interest rate markets. It will invest in equity securities regardless of market capitalization and regardless of industry sector. With regard to fixed income securities, the fund invests primarily in U.S. Treasury bonds with a mid-term maturity.
Fund Info
| ISIN | US02365Y7040 |
|---|---|
| CUSIP | 02365Y704 |
| Issuer | AmericaFirst Funds |
| Inception Date | Feb 25, 2010 |
| Category | Tactical Allocation |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
ABRFX has a high expense ratio of 3.27%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AmericaFirst Monthly Risk-On Risk-Off Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AmericaFirst Monthly Risk-On Risk-Off Fund had a return of -0.81% year-to-date (YTD) and 7.44% in the last 12 months. Over the past 10 years, AmericaFirst Monthly Risk-On Risk-Off Fund had an annualized return of 1.08%, while the S&P 500 had an annualized return of 10.64%, indicating that AmericaFirst Monthly Risk-On Risk-Off Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.81% | 13.78% |
| 1 month | -2.89% | -0.38% |
| 6 months | -3.52% | 11.47% |
| 1 year | 7.44% | 18.82% |
| 5 years (annualized) | 0.09% | 12.44% |
| 10 years (annualized) | 1.08% | 10.64% |
Monthly Returns
The table below presents the monthly returns of ABRFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | 7.47% | -1.16% | -10.96% | 3.79% | 3.80% | -0.81% | ||||||
| 2023 | 2.09% | -4.18% | 0.77% | -1.70% | -0.43% | 7.47% | 4.85% | -5.86% | -5.16% | -2.07% | 9.25% | 9.19% | 13.40% |
| 2022 | -4.75% | -0.31% | 0.00% | -4.24% | -1.21% | -5.54% | 3.71% | -0.75% | -5.19% | 5.83% | 2.25% | -2.53% | -12.66% |
| 2021 | -3.07% | 1.79% | 3.35% | 2.93% | 1.80% | 2.06% | -4.26% | 0.83% | -2.99% | 2.00% | -0.53% | 3.80% | 7.55% |
| 2020 | 0.37% | -7.82% | -7.45% | 6.00% | -1.05% | -0.00% | 2.78% | -0.32% | -0.80% | -1.93% | 3.11% | 1.03% | -6.75% |
| 2019 | 5.79% | 0.56% | 0.87% | 1.33% | -2.70% | 3.89% | 1.83% | -0.53% | -0.30% | 0.23% | 3.09% | -0.22% | 14.44% |
| 2018 | 1.48% | -1.84% | -0.94% | 2.21% | 2.70% | 1.50% | -0.15% | 1.34% | 0.59% | -6.70% | -2.03% | -5.18% | -7.24% |
| 2017 | 0.25% | -0.00% | -1.23% | 0.83% | -0.58% | 1.82% | 1.22% | -2.73% | 2.14% | 1.13% | 1.04% | 1.42% | 5.33% |
| 2016 | -4.75% | 2.12% | 4.43% | 2.77% | -2.61% | 2.59% | 0.51% | -2.43% | -0.60% | -3.80% | 6.65% | 2.70% | 7.12% |
| 2015 | -0.82% | 1.24% | -0.41% | -1.15% | -0.08% | -2.66% | -0.00% | -2.56% | 0.00% | -0.26% | 1.49% | -1.47% | -6.57% |
| 2014 | -5.59% | 7.11% | -1.36% | -1.64% | 2.19% | 3.09% | -2.41% | 5.55% | -6.06% | 4.22% | -0.17% | 0.74% | 4.82% |
| 2013 | 2.77% | 0.76% | 3.80% | 0.93% | 0.82% | -5.55% | 7.97% | -2.29% | 4.90% | 3.40% | 6.68% | 2.47% | 29.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABRFX is 12, indicating that it is in the bottom 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AmericaFirst Monthly Risk-On Risk-Off Fund (ABRFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AmericaFirst Monthly Risk-On Risk-Off Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for AmericaFirst Monthly Risk-On Risk-Off Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AmericaFirst Monthly Risk-On Risk-Off Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AmericaFirst Monthly Risk-On Risk-Off Fund was 29.99%, occurring on Nov 15, 2012. Recovery took 441 trading sessions.
The current AmericaFirst Monthly Risk-On Risk-Off Fund drawdown is 10.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.99% | Apr 26, 2010 | 646 | Nov 15, 2012 | 441 | Aug 19, 2014 | 1087 |
| -26.73% | Feb 21, 2020 | 22 | Mar 23, 2020 | 956 | Jan 9, 2024 | 978 |
| -16.53% | Jun 15, 2018 | 133 | Dec 24, 2018 | 264 | Jan 13, 2020 | 397 |
| -16.09% | Sep 4, 2014 | 363 | Feb 11, 2016 | 210 | Dec 9, 2016 | 573 |
| -14.11% | Mar 8, 2024 | 30 | Apr 19, 2024 | — | — | — |
Volatility
Volatility Chart
The current AmericaFirst Monthly Risk-On Risk-Off Fund volatility is 5.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.