Alpha Fiduciary Quantitative Strategy Fund (AFQSX)
The fund seeks to achieve its investment objective by investing primarily in a portfolio of exchange-traded funds ("ETFs") and equity index futures. It implements a quantitative trend-following strategy by generally holding long positions in S&P 500 Index ETF(s) and equity index futures that provide either long and/or short exposure to the equity markets. The Adviser's quantitative strategy seeks to identify price trends in the equity markets as indicated by the S&P 500 reference index. It is non-diversified.
Fund Info
| ISIN | US71709W7570 |
|---|---|
| Issuer | Alpha Fiduciary |
| Inception Date | Dec 30, 2019 |
| Category | Tactical Allocation |
| Min. Investment | $5,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
AFQSX has a high expense ratio of 1.70%, 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 Alpha Fiduciary Quantitative Strategy 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
Alpha Fiduciary Quantitative Strategy Fund had a return of 8.91% year-to-date (YTD) and 6.48% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.91% | 13.78% |
| 1 month | -1.04% | -0.38% |
| 6 months | 6.72% | 11.47% |
| 1 year | 6.48% | 18.82% |
| 5 years (annualized) | N/A | 12.44% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns
The table below presents the monthly returns of AFQSX, 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 | 0.80% | 3.40% | 1.64% | 0.65% | 1.61% | 1.69% | 8.91% | ||||||
| 2023 | 1.63% | -3.90% | 3.58% | -1.27% | 4.09% | 1.68% | -1.43% | 4.14% | -0.11% | -5.17% | -2.38% | 1.74% | 2.10% |
| 2022 | -10.34% | -6.68% | -1.63% | 2.32% | 9.48% | -8.96% | -1.08% | -8.09% | -1.31% | -0.96% | 2.68% | 1.54% | -22.23% |
| 2021 | -1.97% | 5.89% | 7.84% | 8.09% | 1.41% | 2.57% | 2.19% | 4.39% | -7.33% | 10.65% | -2.00% | 7.20% | 44.62% |
| 2020 | -1.00% | -13.94% | -25.47% | 0.00% | -0.16% | -5.52% | 5.68% | 7.90% | -8.05% | -4.30% | 19.47% | 6.13% | -23.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AFQSX is 16, indicating that it is in the bottom 16% 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 Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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 Alpha Fiduciary Quantitative Strategy 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 Alpha Fiduciary Quantitative Strategy Fund was 46.18%, occurring on Jun 26, 2020. Recovery took 343 trading sessions.
The current Alpha Fiduciary Quantitative Strategy Fund drawdown is 14.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.18% | Feb 20, 2020 | 90 | Jun 26, 2020 | 343 | Nov 4, 2021 | 433 |
| -29.02% | Jan 5, 2022 | 194 | Oct 12, 2022 | — | — | — |
| -7.27% | Nov 17, 2021 | 10 | Dec 1, 2021 | 16 | Dec 23, 2021 | 26 |
| -4.99% | Jan 21, 2020 | 9 | Jan 31, 2020 | 3 | Feb 5, 2020 | 12 |
| -1.57% | Nov 9, 2021 | 2 | Nov 10, 2021 | 4 | Nov 16, 2021 | 6 |
Volatility
Volatility Chart
The current Alpha Fiduciary Quantitative Strategy 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.