Changing Parameters Fund (CPMPX)
The fund seeks to achieve its investment objective by investing primarily in a combination of long and short positions in equity and fixed income securities (which includes common stocks, bonds, preferred stocks, shares of open-end and closed-end investment companies and exchange-traded funds, futures contracts, options on futures contracts and U.S. Treasury instruments). It typically invests in U.S. Treasuries with maturities of any duration, or their derivatives, and the fund's allocation of its investments between the equity and fixed income market segments may vary without limitation.
Fund Info
| ISIN | US66537T8514 |
|---|---|
| Issuer | Changing Parameters |
| Inception Date | Oct 2, 2006 |
| Category | High Yield Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
The Changing Parameters Fund has a high expense ratio of 2.90%, 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 Changing Parameters 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
Changing Parameters Fund had a return of 0.09% year-to-date (YTD) and 6.57% in the last 12 months. Over the past 10 years, Changing Parameters Fund had an annualized return of 4.22%, while the S&P 500 had an annualized return of 10.37%, indicating that Changing Parameters Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.09% | 5.06% |
| 1 month | -1.02% | -3.23% |
| 6 months | 5.16% | 17.14% |
| 1 year | 6.57% | 20.62% |
| 5 years (annualized) | 5.60% | 11.54% |
| 10 years (annualized) | 4.22% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.47% | 1.03% | |||||||||
| 2023 | -0.38% | 0.28% | 1.70% | 3.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Changing Parameters Fund(CPMPX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Changing Parameters Fund (CPMPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Changing Parameters Fund granted a 4.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.52 | $0.46 | $0.75 | $0.29 | $0.17 | $0.34 | $0.22 | $0.14 | $0.26 | $0.27 |
Dividend yield | 4.25% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% | 2.65% | 2.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Changing Parameters 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2013 | $0.27 |
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 Changing Parameters 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 Changing Parameters Fund was 8.87%, occurring on Jun 30, 2010. Recovery took 464 trading sessions.
The current Changing Parameters Fund drawdown is 3.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.87% | Apr 26, 2010 | 47 | Jun 30, 2010 | 464 | May 2, 2012 | 511 |
| -4.87% | Dec 31, 2007 | 280 | Feb 10, 2009 | 166 | Oct 7, 2009 | 446 |
| -4.75% | Oct 8, 2009 | 84 | Feb 8, 2010 | 52 | Apr 23, 2010 | 136 |
| -4.7% | Dec 26, 2023 | 8 | Jan 5, 2024 | — | — | — |
| -4.62% | Jul 7, 2014 | 408 | Feb 17, 2016 | 37 | Apr 11, 2016 | 445 |
Volatility
Volatility Chart
The current Changing Parameters Fund volatility is 0.84%, 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.