Acuitas US Microcap Fund (AFMCX)
The fund normally invests at least 80% of its net assets in the equity securities of microcap companies that (i) are headquartered in the U.S., or (ii) generate at least 50% of their revenue from activity in the U.S. It will pursue its investment objective using a "multi-manager" process, allocating assets among a carefully chosen group of asset managers (the "Subadvisers"). The adviser will select the fund's sub-advisers using its manager research and selection process which seeks to identify investment managers that are likely to achieve out performance over a long time horizon.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Acuitas US Microcap Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $18,400 for a total return of roughly 84.00%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Acuitas US Microcap Fund had a return of -1.23% year-to-date (YTD) and -14.56% in the last 12 months. Over the past 10 years, Acuitas US Microcap Fund had an annualized return of 7.29%, while the S&P 500 had an annualized return of 8.29%, indicating that Acuitas US Microcap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -11.78% | -3.13% |
| Year-To-Date | -1.23% | 2.92% |
| 6 months | -1.28% | 2.02% |
| 1 year | -14.56% | -11.46% |
| 5 years (annualized) | 4.37% | 7.79% |
| 10 years (annualized) | 7.29% | 8.29% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 12.05% | -2.51% | ||||||||||
| 2022 | -10.31% | 9.65% | 1.12% | -4.32% |
Dividend History
Acuitas US Microcap Fund granted a 6.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.73 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.73 | $1.25 | $0.00 | $0.01 | $2.57 | $0.47 | $0.11 | $0.68 |
Dividend yield | 6.48% | 6.40% | 8.87% | 0.00% | 0.11% | 32.82% | 5.25% | 1.40% | 10.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Acuitas US Microcap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $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 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 |
| 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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.57 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2015 | $0.68 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Acuitas US Microcap Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Acuitas US Microcap Fund is 51.84%, recorded on Mar 18, 2020. It took 182 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.84% | Sep 4, 2018 | 387 | Mar 18, 2020 | 182 | Dec 4, 2020 | 569 |
| -31.02% | Nov 8, 2021 | 153 | Jun 16, 2022 | — | — | — |
| -17.72% | Jun 24, 2015 | 161 | Feb 11, 2016 | 103 | Jul 11, 2016 | 264 |
| -9.4% | Sep 3, 2014 | 28 | Oct 10, 2014 | 15 | Oct 31, 2014 | 43 |
| -9.39% | Jun 9, 2021 | 28 | Jul 19, 2021 | 76 | Nov 3, 2021 | 104 |
| -9.25% | Jan 24, 2018 | 12 | Feb 8, 2018 | 68 | May 17, 2018 | 80 |
| -9.2% | Mar 15, 2021 | 8 | Mar 24, 2021 | 47 | Jun 1, 2021 | 55 |
| -7.68% | Sep 8, 2016 | 42 | Nov 4, 2016 | 5 | Nov 11, 2016 | 47 |
| -7.56% | Jan 5, 2017 | 53 | Mar 22, 2017 | 77 | Jul 12, 2017 | 130 |
| -5.23% | Mar 2, 2021 | 3 | Mar 4, 2021 | 4 | Mar 10, 2021 | 7 |
Volatility Chart
Current Acuitas US Microcap Fund volatility is 32.60%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.