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AAM/Phocas Real Estate Fund (APRIX)

Mutual Fund · Currency in USD · Last updated Mar 22, 2023

The investment seeks long-term total investment return through a combination of capital appreciation and current income. Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of equity real estate investment trusts ("REITs") and companies of any size market capitalization which primarily own, manage and invest in underlying real estate assets. Therefore, it invests at least 25% of its net assets (i.e., concentrates) in the real estate industry.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in AAM/Phocas Real Estate Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $24,433 for a total return of roughly 144.33%. All prices are adjusted for splits and dividends.


140.00%160.00%180.00%200.00%220.00%NovemberDecember2023FebruaryMarch
144.33%
197.42%
APRIX (AAM/Phocas Real Estate Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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AAM/Phocas Real Estate Fund

Return

AAM/Phocas Real Estate Fund had a return of -2.46% year-to-date (YTD) and -25.17% in the last 12 months. Over the past 10 years, AAM/Phocas Real Estate Fund had an annualized return of 6.06%, while the S&P 500 had an annualized return of 9.92%, indicating that AAM/Phocas Real Estate Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-9.64%-1.87%
Year-To-Date-2.46%4.25%
6 months-9.79%2.64%
1 year-25.17%-10.31%
5 years (annualized)5.34%8.11%
10 years (annualized)6.06%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202310.62%-5.71%
2022-11.89%3.43%4.46%-5.28%

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 AAM/Phocas Real Estate Fund Sharpe ratio is -0.97. 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.


-1.20-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.97
-0.44
APRIX (AAM/Phocas Real Estate Fund)
Benchmark (^GSPC)

Dividend History

AAM/Phocas Real Estate Fund granted a 5.88% dividend yield in the last twelve months. The annual payout for that period amounted to $1.86 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$1.86$1.86$1.44$0.59$1.63$1.11$1.93$1.62$1.60$0.02$0.19$0.19

Dividend yield

5.88%5.74%3.13%1.85%5.05%4.48%7.17%6.47%6.89%0.11%1.08%1.14%

Monthly Dividends

The table displays the monthly dividend distributions for AAM/Phocas Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00
2022$0.00$0.00$0.10$0.00$0.00$0.00$0.14$0.00$0.15$0.00$0.00$1.48
2021$0.00$0.00$0.08$0.00$0.00$0.00$0.12$0.00$0.13$0.00$0.00$1.11
2020$0.00$0.00$0.09$0.00$0.00$0.00$0.11$0.00$0.11$0.00$0.00$0.28
2019$0.00$0.00$0.13$0.00$0.00$0.00$0.15$0.00$0.14$0.00$0.00$1.22
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.65$0.00$0.00$0.46
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.93
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.62
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.60
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.19
2012$0.19

Drawdowns Chart

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


-35.00%-30.00%-25.00%-20.00%-15.00%NovemberDecember2023FebruaryMarch
-31.21%
-16.55%
APRIX (AAM/Phocas Real Estate Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AAM/Phocas Real Estate 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 AAM/Phocas Real Estate Fund is 69.73%, recorded on Mar 6, 2009. It took 845 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-69.73%Feb 8, 2007521Mar 6, 2009845Jul 13, 20121366
-41.03%Feb 18, 202025Mar 23, 2020261Apr 6, 2021286
-34.47%Jan 3, 2022198Oct 14, 2022
-18.77%Jan 27, 2015264Feb 11, 201696Jun 29, 2016360
-16.9%May 22, 201362Aug 19, 2013173Apr 28, 2014235
-14.55%Aug 29, 201881Dec 24, 201827Feb 4, 2019108
-14.49%Dec 19, 201735Feb 8, 2018102Jul 6, 2018137
-13.45%Aug 2, 201667Nov 3, 2016236Oct 12, 2017303
-9.57%Sep 17, 201242Nov 15, 201233Jan 4, 201375
-7.02%Sep 8, 201414Sep 25, 201422Oct 27, 201436

Volatility Chart

Current AAM/Phocas Real Estate Fund volatility is 27.51%. 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2023FebruaryMarch
27.51%
22.09%
APRIX (AAM/Phocas Real Estate Fund)
Benchmark (^GSPC)