The Cook & Bynum Fund (COBYX)
The fund pursues its objective of long-term growth of capital by investing in global public equities using an absolute value investing philosophy. The fund's investment decisions are driven by the application of the Adviser's core investment criteria and are informed by rigorous, immersive research. It is non-diversified.
Fund Info
US2130221060
213022106
Jun 30, 2009
$5,000
Large-Cap
Growth
Expense Ratio
COBYX has a high expense ratio of 1.49%, 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 The Cook & Bynum 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
The Cook & Bynum Fund had a return of 10.08% year-to-date (YTD) and -2.12% in the last 12 months. Over the past 10 years, The Cook & Bynum Fund had an annualized return of 1.31%, while the S&P 500 had an annualized return of 11.26%, indicating that The Cook & Bynum Fund did not perform as well as the benchmark.
COBYX
10.08%
9.41%
-3.49%
-2.12%
4.86%
1.31%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of COBYX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.32% | 10.08% | |||||||||||
| 2024 | 2.79% | -2.18% | 1.33% | -3.99% | 6.70% | -2.38% | 2.68% | -3.25% | 0.54% | -4.65% | -3.44% | -2.90% | -9.03% |
| 2023 | 5.89% | -1.46% | 1.48% | 2.98% | -1.93% | 5.18% | 1.00% | 0.12% | -4.56% | -2.91% | 7.92% | 2.63% | 16.74% |
| 2022 | 0.08% | 2.80% | 2.13% | -5.98% | 2.76% | -8.51% | 1.79% | -1.60% | -3.18% | 11.10% | 6.43% | 2.60% | 9.28% |
| 2021 | -3.15% | 2.00% | 7.04% | 4.43% | 2.05% | -1.08% | -2.10% | 1.18% | -4.98% | 0.92% | -2.44% | 5.55% | 9.05% |
| 2020 | -2.22% | -9.02% | -15.24% | 1.81% | 1.59% | -0.37% | 5.91% | -0.78% | -4.48% | -0.09% | 12.71% | 1.39% | -10.98% |
| 2019 | 6.94% | 0.66% | 0.43% | 3.46% | -6.20% | 3.49% | 1.58% | -2.12% | 1.88% | -2.62% | -2.33% | 4.60% | 9.41% |
| 2018 | 3.54% | -3.53% | -0.78% | -1.57% | -1.23% | -0.68% | 2.13% | -2.33% | 0.88% | -8.09% | 3.25% | -15.70% | -22.97% |
| 2017 | 0.61% | 1.48% | 4.64% | 1.71% | 1.31% | 0.37% | 2.08% | -0.18% | -0.66% | 2.06% | -0.65% | -0.20% | 13.18% |
| 2016 | -0.20% | 0.40% | 5.04% | -1.20% | -0.06% | 2.18% | -0.38% | -0.50% | -0.13% | 0.44% | -2.14% | -4.96% | -1.80% |
| 2015 | -3.27% | 2.19% | -2.21% | 1.53% | -0.59% | -2.70% | 1.55% | -3.13% | -0.00% | 3.37% | -0.33% | 0.33% | -3.47% |
| 2014 | -2.49% | 0.27% | 3.15% | 1.50% | 0.06% | 0.26% | -0.26% | 2.82% | -0.06% | -0.31% | 2.81% | -5.29% | 2.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of COBYX is 4, meaning it’s performing worse than 96% 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 The Cook & Bynum Fund (COBYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
The Cook & Bynum Fund provided a 1.32% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.17 | $0.17 | $0.29 | $0.04 | $0.10 | $0.03 | $0.03 |
Dividend yield | 1.32% | 1.45% | 1.01% | 1.16% | 2.18% | 0.32% | 0.70% | 0.23% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for The Cook & Bynum 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 |
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 The Cook & Bynum 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 The Cook & Bynum Fund was 41.46%, occurring on Mar 23, 2020. Recovery took 940 trading sessions.
The current The Cook & Bynum Fund drawdown is 5.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.46% | Feb 2, 2018 | 537 | Mar 23, 2020 | 940 | Dec 14, 2023 | 1477 |
| -15.09% | Jul 18, 2024 | 123 | Jan 13, 2025 | — | — | — |
| -14.29% | Dec 1, 2014 | 185 | Aug 25, 2015 | 445 | Jun 1, 2017 | 630 |
| -10.29% | Apr 27, 2010 | 48 | Jul 2, 2010 | 87 | Nov 4, 2010 | 135 |
| -8.64% | Oct 28, 2011 | 42 | Dec 28, 2011 | 118 | Jun 18, 2012 | 160 |
Volatility
Volatility Chart
The current The Cook & Bynum Fund volatility is 3.90%, 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.