Multi-Manager Small Cap Equity Strategies Fund (CZMSX)

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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.

Multi-Manager Small Cap Equity Strategies Fund (CZMSX) has returned -2.48% so far this year and 10.40% over the past 12 months.

Based on dividend-adjusted daily data since Feb 1, 2017, CZMSX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +16.7%, while the worst month was Mar 2020 at -21.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CZMSX closed higher 52% of trading days. The best single day was Dec 9, 2021 with a return of +17.0%, while the worst single day was Dec 10, 2021 at -16.6%.

Multi-Manager Small Cap Equity Strategies Fund has an annualized alpha of -3.96%, beta of 1.07, and R² of 0.67 versus S&P 500 Index. Calculated based on daily prices since February 02, 2017.

• This fund participated in 116.45% of S&P 500 Index downside but only 97.38% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -3.96% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 1.07 and R² of 0.67, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

CZMSX has a high expense ratio of 0.99%, indicating above-average management fees.

CZMSX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and compare them to a chosen benchmark (S&P 500 Index).

Multi-Manager Small Cap Equity Strategies Fund provided a 9.07% dividend yield over the last twelve months, with an annual payout of $1.36 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 40.96%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.

The current Multi-Manager Small Cap Equity Strategies Fund drawdown is 15.76%.

The chart below shows the rolling one-month volatility.