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
| ISIN | US34984T6001 |
|---|---|
| CUSIP | 34984T600 |
| Issuer | Absolute Investment Advisers |
| Inception Date | Jul 26, 2005 |
| Category | Multistrategy |
| Min. Investment | $25,000 |
| Asset Class | Alternatives |
Expense Ratio
The Absolute Strategies Fund has a high expense ratio of 1.64%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ASFIX vs. ^SP500TR, ASFIX vs. DBMF
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
Absolute Strategies Fund had a return of 1.69% year-to-date (YTD) and -5.31% in the last 12 months. Over the past 10 years, Absolute Strategies Fund had an annualized return of -2.75%, while the S&P 500 had an annualized return of 10.46%, indicating that Absolute Strategies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.69% | 5.84% |
| 1 month | 1.38% | -2.98% |
| 6 months | -2.36% | 22.02% |
| 1 year | -5.31% | 24.47% |
| 5 years (annualized) | -3.18% | 11.44% |
| 10 years (annualized) | -2.75% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.77% | -0.16% | 1.86% | |||||||||
| 2023 | 3.11% | 1.05% | -3.58% | 0.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Absolute Strategies Fund(ASFIX)
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 granted a 0.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.00 | $0.19 | $0.00 | $0.01 | $0.00 | $0.00 | $1.31 | $0.84 |
Dividend yield | 0.70% | 0.72% | 0.00% | 2.80% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2015 | $0.84 |
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 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 30.46%, occurring on Jan 24, 2024. The portfolio has not yet recovered.
The current Absolute Strategies Fund drawdown is 27.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.46% | Jun 28, 2016 | 1905 | Jan 24, 2024 | — | — | — |
| -20.37% | Dec 11, 2007 | 312 | Mar 9, 2009 | 143 | Sep 30, 2009 | 455 |
| -5.67% | Oct 16, 2014 | 278 | Nov 20, 2015 | 51 | Feb 5, 2016 | 329 |
| -3.96% | Jun 25, 2013 | 174 | Mar 4, 2014 | 154 | 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 1.94%, 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.