- ISIN
- US02110A6964
- CUSIP
- 02110A696
- Issuer
- Polen
- Inception Date
- Jul 16, 2015
- Category
- High Yield Bonds
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DDJIX Performance Chart
Polen DDJ Opportunistic High Yield Fund (DDJIX) is down 0.1% since the beginning of the year. DDJIX is currently trading at $7 per share. Investors who bought $1,000 worth of DDJIX shares 5 years ago would now be looking at an investment worth $1,078.
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Returns By Period
Polen DDJ Opportunistic High Yield Fund (DDJIX) has returned -0.14% so far this year and 0.46% over the past 12 months. Over the last ten years, DDJIX has returned 2.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Polen DDJ Opportunistic High Yield Fund
- 1D
- 0.15%
- 1M
- -0.88%
- 6M
- -1.53%
- YTD
- -0.14%
- 1Y
- 0.46%
- 3Y*
- 4.92%
- 5Y*
- 1.51%
- 10Y*
- 2.89%
- ALL TIME*
- 3.16%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
DDJIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, DDJIX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was May 2020 with a return of +4.5%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DDJIX closed higher 43% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 12, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.26% | -0.93% | -1.03% | 1.45% | 0.29% | -0.42% | -0.74% | -0.14% | |||||
| 2025 | 1.85% | 0.06% | -1.81% | -0.10% | 1.56% | 0.64% | 0.57% | 0.95% | 0.38% | -0.71% | -0.71% | 0.56% | 3.23% |
| 2024 | 0.72% | 0.38% | 1.81% | -0.36% | 1.18% | 0.66% | 1.23% | 0.83% | 1.20% | -0.41% | 0.76% | 0.57% | 8.90% |
| 2023 | 3.79% | 0.08% | -1.12% | 1.37% | 0.09% | 1.56% | 1.61% | -0.76% | 0.20% | -0.86% | 1.77% | 2.55% | 10.63% |
| 2022 | -0.89% | -1.56% | -0.73% | -2.98% | -1.99% | -5.72% | 2.90% | -0.80% | -3.87% | 0.88% | -0.27% | 0.65% | -13.73% |
| 2021 | 1.04% | 0.61% | 0.57% | 1.07% | 0.12% | 0.82% | 0.27% | 0.53% | 0.52% | -0.42% | -1.06% | 1.06% | 5.22% |
Benchmark Metrics
Polen DDJ Opportunistic High Yield Fund has an annualized alpha of 1.65%, beta of 0.12, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 31.50% of S&P 500 Index downside but only 22.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.21 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 0.21 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.
- Alpha
- 1.65%
- Beta
- 0.12
- R²
- 0.21
- Upside Capture
- 22.69%
- Downside Capture
- 31.50%
Expense Ratio
DDJIX has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DDJIX ranks 5 for risk / return — above 5% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Polen DDJ Opportunistic High Yield Fund (DDJIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DDJIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.41 | -2.30 |
| Martin ratioReturn relative to average drawdown | 0.30 | 10.22 | -9.93 |
Dividends
Dividend History
Polen DDJ Opportunistic High Yield Fund provided a 6.93% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.48 | $0.58 | $0.51 | $0.32 | $0.43 | $0.59 | $0.72 | $0.82 | $0.68 |
Dividend yield | 6.93% | 6.85% | 7.99% | 7.07% | 4.54% | 5.02% | 7.01% | 8.21% | 9.08% | 6.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Polen DDJ Opportunistic High Yield 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.00 | $0.27 | |||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.04 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.48 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.58 |
| 2023 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.00 | $0.06 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.51 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.04 | $0.04 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.32 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.00 | $0.04 | $0.05 | $0.04 | $0.05 | $0.00 | $0.04 | $0.43 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Polen DDJ Opportunistic High Yield 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 Polen DDJ Opportunistic High Yield Fund was 21.42%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current Polen DDJ Opportunistic High Yield Fund drawdown is 1.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.42%Mar 2020 | 1mo 2d | 8mo 13d | 9mo 15dFeb 2020 - Dec 2020 | COVID crash2020 |
-15.53%Sep 2022 | 10mo 24d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-4.30%Apr 2025 | 1mo 5d | 1mo 9d | 2mo 14dMar 2025 - May 2025 | 2025 selloff2025 |
-3.92%Oct 2019 | 5mo 10d | 3mo | 8mo 10dMay 2019 - Jan 2020 | — |
-3.89%Dec 2018 | 8mo 9d | 2mo 20d | 10mo 29dApr 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| DDJIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -56.78% | +35.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -9.10% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -18.90% | +14.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.53% | -25.43% | +9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | -33.92% | +12.50% |
Current DrawdownCurrent decline from peak | -1.69% | -0.12% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -10.70% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 2.14% | -1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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