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.
Fund Info
| ISIN | US34984Y8075 |
|---|---|
| CUSIP | 34984Y807 |
| Issuer | Acuitas Investments |
| Inception Date | Jul 18, 2014 |
| Category | Small Cap Blend Equities |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
AFMCX has a high expense ratio of 1.50%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: AFMCX vs. VOO, AFMCX vs. IWC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Acuitas US Microcap 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
Acuitas US Microcap Fund had a return of 6.44% year-to-date (YTD) and 12.07% in the last 12 months. Over the past 10 years, Acuitas US Microcap Fund had an annualized return of 8.95%, while the S&P 500 had an annualized return of 10.64%, indicating that Acuitas US Microcap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.44% | 13.78% |
| 1 month | 9.14% | -0.38% |
| 6 months | 9.98% | 11.47% |
| 1 year | 12.07% | 18.82% |
| 5 years (annualized) | 10.24% | 12.44% |
| 10 years (annualized) | 8.95% | 10.64% |
Monthly Returns
The table below presents the monthly returns of AFMCX, 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 | -3.52% | 5.67% | 3.97% | -7.42% | 3.82% | -3.01% | 6.44% | ||||||
| 2023 | 12.05% | -2.51% | -5.07% | -3.56% | 0.70% | 8.03% | 4.77% | -3.94% | -4.66% | -6.57% | 7.03% | 12.47% | 17.41% |
| 2022 | -7.89% | 0.07% | -0.65% | -11.32% | 1.81% | -6.71% | 10.84% | -0.55% | -10.31% | 9.65% | 1.12% | -4.32% | -19.11% |
| 2021 | 7.96% | 14.07% | 1.42% | 2.48% | 2.05% | 2.01% | -2.63% | 1.29% | -3.81% | 3.27% | -4.27% | 3.38% | 29.20% |
| 2020 | -4.99% | -7.83% | -28.08% | 15.85% | 3.98% | 4.78% | 2.97% | 5.99% | -2.30% | 0.96% | 21.53% | 9.69% | 14.07% |
| 2019 | 9.61% | 4.43% | -1.16% | 1.95% | -8.24% | 4.91% | 0.30% | -4.56% | 2.08% | 4.07% | 4.40% | 3.38% | 21.88% |
| 2018 | 1.97% | -4.37% | 1.47% | 1.15% | 6.04% | 0.93% | 0.42% | 5.20% | -2.47% | -9.73% | -0.99% | -12.07% | -13.26% |
| 2017 | -3.06% | -1.00% | 2.35% | 1.96% | -2.33% | 3.37% | -0.24% | 0.24% | 7.40% | 1.41% | 1.31% | -1.13% | 10.32% |
| 2016 | -7.95% | 0.21% | 4.20% | 2.52% | 1.18% | 0.88% | 5.59% | 1.00% | 1.63% | -3.47% | 11.14% | 3.94% | 21.56% |
| 2015 | -4.58% | 5.80% | 4.07% | -2.18% | 1.95% | 2.73% | -1.77% | -3.98% | -2.91% | 5.43% | 2.67% | -1.32% | 5.27% |
| 2014 | -3.60% | 4.25% | -5.27% | 6.51% | -0.59% | 3.87% | 4.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AFMCX is 20, indicating that it is in the bottom 20% 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 Acuitas US Microcap Fund (AFMCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Acuitas US Microcap 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.73 | $1.25 | $0.00 | $0.01 | $2.57 | $0.47 | $0.11 | $0.68 |
Dividend yield | 0.00% | 0.00% | 6.40% | 8.34% | 0.00% | 0.10% | 28.38% | 3.58% | 0.92% | 6.58% |
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 | 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 | $0.73 | $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 | $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 | $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 | $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 | $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 | $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 | $0.11 |
| 2015 | $0.68 | $0.68 |
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 Acuitas US Microcap 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 Acuitas US Microcap Fund was 51.84%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.
The current Acuitas US Microcap Fund drawdown is 6.07%.
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 |
Volatility
Volatility Chart
The current Acuitas US Microcap Fund volatility is 8.15%, 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.