Aperture Discover Equity Fund (ADSRX)
The investment seeks a return in excess of the Russell 2000 Total Return Index. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The equity securities in which it primarily invests are common stocks of North American companies, including initial public offerings ("IPOs"). The fund may invest in both small capitalization companies and medium capitalization companies, and may invest in companies located in both the U.S. and non-U.S. developed market countries. It is non-diversified.
Fund Info
| ISIN | US00774Q4293 |
|---|---|
| CUSIP | 00774Q429 |
| Issuer | Aperture Investors |
| Inception Date | Dec 30, 2019 |
| Category | Small Cap Blend Equities |
| Min. Investment | $500 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
ADSRX has a high expense ratio of 4.18%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ADSRX vs. SCHD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Aperture Discover Equity 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 16.48% |
| 1 month | N/A | 1.67% |
| 6 months | N/A | 14.21% |
| 1 year | N/A | 21.98% |
| 5 years (annualized) | N/A | 13.13% |
| 10 years (annualized) | N/A | 10.91% |
Monthly Returns
The table below presents the monthly returns of ADSRX, 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 | -5.37% | -5.37% | |||||||||||
| 2023 | 15.81% | -2.30% | -4.54% | -0.86% | -5.47% | 14.40% | 3.19% | -6.01% | -8.87% | -9.03% | 14.55% | 11.16% | 18.58% |
| 2022 | -13.23% | -2.77% | -4.13% | -9.08% | -3.10% | -12.34% | 11.75% | -3.72% | -9.23% | 13.49% | 2.65% | -7.96% | -34.58% |
| 2021 | 3.80% | 9.36% | -0.74% | 5.43% | 1.30% | 4.60% | -0.92% | 5.42% | -2.01% | 4.50% | -5.26% | 0.93% | 28.73% |
| 2020 | -1.60% | -6.40% | -23.64% | 24.29% | 19.77% | 7.44% | 8.88% | 5.79% | -4.47% | -0.89% | 18.24% | 9.48% | 58.80% |
| 2019 | 0.10% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Aperture Discover Equity Fund (ADSRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Aperture Discover Equity Fund granted a 100.08% dividend yield in the last twelve months. The annual payout for that period amounted to $10.94 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $10.94 | $0.01 | $0.58 | $4.24 | $0.35 |
Dividend yield | 100.08% | 0.07% | 5.93% | 26.80% | 2.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Aperture Discover Equity 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 | $10.93 | $0.00 | $10.93 | ||||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.24 | $4.24 |
| 2020 | $0.35 | $0.35 |
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 Aperture Discover Equity 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 Aperture Discover Equity Fund was 45.49%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.49% | Nov 10, 2021 | 494 | Oct 27, 2023 | — | — | — |
| -40.47% | Feb 13, 2020 | 26 | Mar 20, 2020 | 44 | May 22, 2020 | 70 |
| -11.18% | Sep 3, 2020 | 15 | Sep 24, 2020 | 11 | Oct 9, 2020 | 26 |
| -10.04% | Mar 16, 2021 | 7 | Mar 24, 2021 | 21 | Apr 23, 2021 | 28 |
| -9.94% | Apr 28, 2021 | 11 | May 12, 2021 | 13 | Jun 1, 2021 | 24 |
Volatility
Volatility Chart
The current Aperture Discover Equity Fund volatility is 1.65%, 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.