CION Ares Diversified Credit Fund Class I (CADUX)

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CION Ares Diversified Credit Fund Class I (CADUX) is down 0.5% since the beginning of the year. CADUX is currently trading at $24 per share. Investors who bought $1,000 worth of CADUX shares 5 years ago would now be looking at an investment worth $1,325.

CION Ares Diversified Credit Fund Class I (CADUX) has returned -0.45% so far this year and 4.15% over the past 12 months.

Based on dividend-adjusted daily data since Jul 11, 2019, CADUX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 83% of months were positive and 17% were negative. The best month was May 2020 with a return of +4.1%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 2 months.

On a daily basis, CADUX closed higher 37% of trading days. The best single day was Mar 27, 2020 with a return of +2.7%, while the worst single day was Mar 20, 2020 at -3.5%.

CION Ares Diversified Credit Fund Class I has an annualized alpha of 5.31%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 11, 2019.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.93%) than losses (11.16%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CADUX ranks 50 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

CION Ares Diversified Credit Fund Class I provided a 8.83% dividend yield over the last twelve months, with an annual payout of $2.13 per share.

The table displays the monthly dividend distributions for CION Ares Diversified Credit Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the CION Ares Diversified Credit Fund Class I. 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 CION Ares Diversified Credit Fund Class I was 18.59%, occurring on Mar 25, 2020. Recovery took 176 trading sessions.

The current CION Ares Diversified Credit Fund Class I drawdown is 0.62%.

The chart below shows the rolling one-month volatility.