Multi-Manager Small Cap Equity Strategies Fund (CZMSX)
The fund pursues its investment objective by allocating the fund's assets among different asset managers that use multiple investment styles to invest in equity securities. It invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities (including common stocks, preferred stocks and convertible securities) of companies that have market capitalizations in the range of the companies in the Russell 2000 Index at the time of purchase. The fund may invest up to 25% of its net assets in foreign investments.
Fund Info
US19767A5891
Jan 3, 2017
$100
Small-Cap
Blend
Expense Ratio
CZMSX has a high expense ratio of 0.99%, 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 Multi-Manager Small Cap Equity 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
Multi-Manager Small Cap Equity Strategies Fund had a return of 1.34% year-to-date (YTD) and 8.51% in the last 12 months.
CZMSX
1.34%
-3.26%
2.83%
8.51%
1.78%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of CZMSX, 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 | 2.99% | 1.34% | |||||||||||
| 2024 | -3.22% | 5.05% | 3.35% | -6.98% | 3.49% | -0.89% | 8.72% | -1.00% | 0.00% | -2.09% | 11.08% | -9.71% | 5.97% |
| 2023 | 9.68% | -1.26% | -4.84% | -1.77% | -1.87% | 8.57% | 5.26% | -4.23% | -5.56% | -6.73% | 8.51% | 9.60% | 13.90% |
| 2022 | -8.41% | 0.58% | -0.06% | -9.25% | 0.70% | -7.79% | 9.13% | -2.87% | -9.45% | 10.23% | 3.54% | -14.26% | -27.14% |
| 2021 | 2.32% | 7.70% | 1.57% | 3.62% | -0.37% | 0.51% | -1.53% | 2.03% | -1.80% | 5.28% | -3.71% | -12.08% | 2.10% |
| 2020 | -2.79% | -8.60% | -21.81% | 14.37% | 7.10% | 3.05% | 3.77% | 5.13% | -3.52% | 3.30% | 16.65% | 8.33% | 20.47% |
| 2019 | 10.41% | 4.93% | -2.01% | 4.79% | -8.30% | 7.55% | 0.66% | -5.33% | 2.22% | 1.43% | 4.22% | -0.46% | 20.27% |
| 2018 | 2.26% | -4.35% | 1.25% | 0.20% | 6.11% | 1.16% | 2.42% | 4.97% | -2.70% | -11.12% | 1.50% | -17.29% | -16.86% |
| 2017 | -1.69% | 1.37% | -0.41% | 1.02% | -1.08% | 2.38% | 1.26% | -0.39% | 6.59% | 1.67% | 2.31% | -7.85% | 4.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CZMSX is 16, meaning it’s performing worse than 84% 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 Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Multi-Manager Small Cap Equity Strategies Fund provided a 0.45% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.10 | $0.04 | $0.01 | $0.06 | $0.05 | $0.02 | $0.01 |
Dividend yield | 0.45% | 0.46% | 0.61% | 0.31% | 0.06% | 0.31% | 0.32% | 0.15% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Multi-Manager Small Cap Equity 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 | 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 | $0.08 | $0.08 |
| 2023 | $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 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2017 | $0.01 | $0.01 |
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 Multi-Manager Small Cap Equity 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 Multi-Manager Small Cap Equity Strategies Fund was 47.15%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.
The current Multi-Manager Small Cap Equity Strategies Fund drawdown is 28.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.15% | Sep 4, 2018 | 387 | Mar 18, 2020 | 182 | Dec 4, 2020 | 569 |
| -44.97% | Nov 9, 2021 | 495 | Oct 27, 2023 | — | — | — |
| -12.49% | Dec 1, 2017 | 47 | Feb 8, 2018 | 85 | Jun 12, 2018 | 132 |
| -8.47% | Mar 16, 2021 | 7 | Mar 24, 2021 | 113 | Sep 2, 2021 | 120 |
| -5.81% | Jan 25, 2021 | 5 | Jan 29, 2021 | 4 | Feb 4, 2021 | 9 |
Volatility
Volatility Chart
The current Multi-Manager Small Cap Equity Strategies Fund volatility is 3.57%, 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.