Aegis Value Fund (AVALX)
The fund invests primarily in common stocks that the fund's investment advisor believes are significantly undervalued relative to the market based on fundamental accounting measures including book value (assets less liabilities), revenues, or cash flow. It has no percentage allocation for investments in small- or mid-capitalization companies, and the fund may invest up to 100% of its portfolio in the securities of these companies.
Fund Info
| ISIN | US00761L1026 |
|---|---|
| CUSIP | 00761L102 |
| Issuer | Aegis |
| Inception Date | May 15, 1998 |
| Category | Small Cap Value Equities |
| Minimum Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Value |
Expense Ratio
The Aegis Value Fund has a high expense ratio of 1.50%, 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 Aegis Value 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
Aegis Value Fund had a return of 9.32% year-to-date (YTD) and 10.64% in the last 12 months. Over the past 10 years, Aegis Value Fund had an annualized return of 9.31%, which was very close to the S&P 500 benchmark's annualized return of 9.70%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.32% | 18.49% |
| 1 month | 1.42% | 4.20% |
| 6 months | 5.37% | 6.60% |
| 1 year | 10.64% | 15.43% |
| 5 years (annualized) | 18.12% | 11.59% |
| 10 years (annualized) | 9.31% | 9.70% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -7.92% | 6.80% | 4.85% | -3.84% | 0.79% | -1.89% | 7.15% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Aegis Value Fund (AVALX) 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 | |
|---|---|---|---|---|---|
AVALX Aegis Value Fund | 0.44 | ||||
^GSPC S&P 500 | 1.00 |
Dividend History
Aegis Value Fund granted a 0.15% dividend yield in the last twelve months. The annual payout for that period amounted to $0.05 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.00 | $1.39 | $0.45 | $0.95 | $0.00 | $0.24 | $0.00 | $2.78 | $0.71 | $0.01 |
Dividend yield | 0.15% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% | 21.18% | 3.35% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Aegis Value 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $1.39 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 |
| 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 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.78 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 |
| 2012 | $0.01 |
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 Aegis Value 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 Aegis Value Fund was 73.72%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.72% | Jul 10, 2007 | 419 | Mar 9, 2009 | 484 | Feb 7, 2011 | 903 |
| -53.43% | Jul 7, 2014 | 389 | Jan 20, 2016 | 466 | Nov 22, 2017 | 855 |
| -48.34% | May 25, 2018 | 456 | Mar 18, 2020 | 97 | Aug 5, 2020 | 553 |
| -32% | Apr 21, 2022 | 109 | Sep 26, 2022 | — | — | — |
| -27.29% | May 2, 2011 | 108 | Oct 3, 2011 | 237 | Sep 12, 2012 | 345 |
Volatility Chart
The current Aegis Value Fund volatility is 5.31%, 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.