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Acuitas US Microcap Fund (AFMCX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

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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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.

AFMCX (Acuitas US Microcap Fund)
Benchmark (^GSPC)

S&P 500

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Acuitas US Microcap Fund


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.

1 month-11.78%-3.13%
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


Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Acuitas US Microcap Fund Sharpe ratio is -0.51. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

AFMCX (Acuitas US Microcap Fund)
Benchmark (^GSPC)

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.


Dividend yield


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.


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

AFMCX (Acuitas US Microcap Fund)
Benchmark (^GSPC)

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.



To Bottom


To Recover



-51.84%Sep 4, 2018387Mar 18, 2020182Dec 4, 2020569
-31.02%Nov 8, 2021153Jun 16, 2022
-17.72%Jun 24, 2015161Feb 11, 2016103Jul 11, 2016264
-9.4%Sep 3, 201428Oct 10, 201415Oct 31, 201443
-9.39%Jun 9, 202128Jul 19, 202176Nov 3, 2021104
-9.25%Jan 24, 201812Feb 8, 201868May 17, 201880
-9.2%Mar 15, 20218Mar 24, 202147Jun 1, 202155
-7.68%Sep 8, 201642Nov 4, 20165Nov 11, 201647
-7.56%Jan 5, 201753Mar 22, 201777Jul 12, 2017130
-5.23%Mar 2, 20213Mar 4, 20214Mar 10, 20217

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.

AFMCX (Acuitas US Microcap Fund)
Benchmark (^GSPC)