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 |
| Minimum Investment | $5,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The Alpha Fiduciary Quantitative Strategy Fund has a high expense ratio of 1.70%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Return
Alpha Fiduciary Quantitative Strategy Fund had a return of 3.97% year-to-date (YTD) and -12.30% in the last 12 months. Over the past 10 years, Alpha Fiduciary Quantitative Strategy Fund had an annualized return of -3.33%, while the S&P 500 had an annualized return of 7.85%, indicating that Alpha Fiduciary Quantitative Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 3.97% | 0.29% |
| Year-To-Date | 3.97% | 8.86% |
| 6 months | 5.57% | 2.44% |
| 1 year | -12.30% | 1.15% |
| 5 years (annualized) | -3.33% | 7.85% |
| 10 years (annualized) | -3.33% | 7.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.63% | -3.90% | 3.58% | -1.27% | ||||||||
| 2022 | 2.68% | 1.54% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AFQSX Alpha Fiduciary Quantitative Strategy Fund | -0.81 | ||||
^GSPC S&P 500 | 0.02 |
Dividend History
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 Alpha Fiduciary Quantitative Strategy 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 Alpha Fiduciary Quantitative Strategy Fund is 46.18%, recorded on Jun 26, 2020. It took 343 trading sessions for the portfolio to recover.
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 Chart
The current Alpha Fiduciary Quantitative Strategy Fund volatility is 3.40%, 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.