Absolute Strategies Fund (ASFIX)
The fund's investment adviser, believes that there are important benefits that come from investing through skilled asset managers whose strategies, when combined, seek to provide attractive long-term risk-adjusted returns, with lower volatility and low sensitivity to traditional market measures. Absolute selects the fund's Subadvisers and determines the portion of the fund's assets to be allocated to each Subadviser.
Fund Info
US34984T6001
34984T600
Jul 26, 2005
$25,000
Expense Ratio
ASFIX has a high expense ratio of 1.64%, 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 Absolute Strategies 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
ASFIX
N/A
N/A
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^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of ASFIX, 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 | -0.77% | -0.16% | 1.86% | 0.76% | -3.03% | -3.28% | 1.99% | -1.46% | -2.47% | 0.84% | -5.72% | ||
| 2023 | -2.56% | -0.41% | -2.78% | -1.43% | -3.77% | -0.96% | -1.53% | 0.15% | 3.11% | 1.05% | -3.58% | 0.46% | -11.78% |
| 2022 | 4.09% | 1.26% | -1.94% | 3.68% | 0.55% | -0.54% | -3.41% | 2.97% | 4.25% | -3.82% | -1.23% | 2.77% | 8.48% |
| 2021 | 1.23% | -1.70% | -2.84% | -0.25% | 0.13% | -3.67% | -1.22% | -1.51% | 1.53% | -4.66% | -1.01% | -0.73% | -13.90% |
| 2020 | -1.98% | 3.03% | 2.57% | 0.24% | -0.95% | -0.48% | -0.85% | -1.71% | 1.36% | 1.83% | -1.20% | -0.97% | 0.74% |
| 2019 | -1.31% | -1.45% | -0.61% | -0.62% | 2.86% | -0.52% | -0.73% | 1.71% | -0.60% | -1.21% | -1.22% | 0.37% | -3.38% |
| 2018 | -2.18% | 1.85% | 1.58% | 0.48% | -1.78% | -0.48% | -0.85% | -1.23% | -0.62% | 2.75% | -1.58% | 3.58% | 1.33% |
| 2017 | -0.33% | -1.33% | -1.35% | -0.46% | -0.11% | -0.34% | -1.15% | -0.70% | -1.29% | -1.78% | 0.00% | 0.12% | -8.42% |
| 2016 | 2.87% | 1.83% | -1.61% | 0.96% | -0.67% | 2.78% | -1.49% | -0.95% | -0.48% | 0.48% | -0.67% | -0.41% | 2.56% |
| 2015 | 1.08% | -1.61% | 0.09% | -0.54% | -0.46% | 0.55% | -0.27% | 2.19% | 0.71% | -2.93% | -1.10% | 0.90% | -1.47% |
| 2014 | 0.55% | -0.63% | 0.46% | 1.36% | 0.45% | -1.07% | 1.35% | -0.80% | 0.90% | -1.16% | -0.81% | 0.54% | 1.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ASFIX is 0, meaning it’s performing worse than 100% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Absolute Strategies Fund (ASFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Absolute Strategies Fund provided a 2.68% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.05 | $0.00 | $0.19 | $0.00 | $0.01 | $0.00 | $0.00 | $1.31 | $0.84 |
Dividend yield | 2.68% | 0.72% | 0.00% | 2.79% | 0.00% | 0.08% | 0.00% | 0.00% | 14.47% | 8.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Absolute Strategies 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 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 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 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $0.00 | $0.00 |
| 2017 | $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 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $1.31 |
| 2015 | $0.84 | $0.84 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Absolute Strategies 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 Absolute Strategies Fund was 33.68%, occurring on Oct 14, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.68% | Jun 28, 2016 | 2088 | Oct 14, 2024 | — | — | — |
| -20.37% | Dec 11, 2007 | 311 | Mar 9, 2009 | 143 | Sep 30, 2009 | 454 |
| -5.67% | Oct 16, 2014 | 278 | Nov 20, 2015 | 51 | Feb 5, 2016 | 329 |
| -3.96% | Jun 25, 2013 | 184 | Mar 18, 2014 | 144 | Oct 10, 2014 | 328 |
| -3.32% | Jul 16, 2007 | 24 | Aug 16, 2007 | 26 | Sep 24, 2007 | 50 |
Volatility
Volatility Chart
The current Absolute Strategies Fund volatility is 1.74%, 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.