Davidson Multi-Cap Equity Fund (DFMAX)
The fund invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities across a wide range of market capitalizations and investment styles with attractive fundamental characteristics. It invests its assets in both value and growth stocks, as well as dividend-paying and non-dividend-paying stocks. The fund may invest up to 25% of its net assets in foreign securities.
Fund Info
US0079892396
Aug 11, 2008
$2,500
Large-Cap
Blend
Expense Ratio
DFMAX has a high expense ratio of 1.15%, 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 Davidson Multi-Cap Equity 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
Davidson Multi-Cap Equity Fund had a return of 4.57% year-to-date (YTD) and 16.97% in the last 12 months. Over the past 10 years, Davidson Multi-Cap Equity Fund had an annualized return of 4.87%, while the S&P 500 had an annualized return of 11.26%, indicating that Davidson Multi-Cap Equity Fund did not perform as well as the benchmark.
DFMAX
4.57%
2.26%
8.20%
16.97%
6.37%
4.87%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of DFMAX, 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 | 4.13% | 4.57% | |||||||||||
| 2024 | 1.15% | 4.05% | 4.02% | -4.18% | 2.97% | 1.60% | 0.90% | 2.72% | 1.25% | -1.74% | 6.17% | -3.56% | 15.87% |
| 2023 | 7.36% | -2.36% | 1.26% | 0.77% | -2.15% | 6.40% | 2.59% | -2.22% | -3.90% | -2.07% | 6.56% | 2.95% | 15.34% |
| 2022 | -4.71% | -1.37% | 3.04% | -7.44% | 0.78% | -6.90% | 9.29% | -4.33% | -8.34% | 8.00% | 5.17% | -14.48% | -21.71% |
| 2021 | -0.40% | 3.32% | 4.96% | 5.25% | 2.02% | 1.58% | 2.35% | 2.20% | -5.30% | 6.56% | -1.73% | -3.17% | 18.32% |
| 2020 | -0.86% | -6.90% | -13.08% | 13.15% | 5.59% | 1.83% | 5.08% | 4.95% | -3.34% | -0.38% | 12.13% | -6.04% | 9.22% |
| 2019 | 8.03% | 2.69% | 1.79% | 3.59% | -6.31% | 6.36% | 1.62% | -2.49% | 1.92% | 0.71% | 3.66% | -3.34% | 18.77% |
| 2018 | 5.43% | -3.12% | -2.52% | 1.35% | 1.14% | 1.01% | 2.69% | 3.74% | 0.72% | -7.20% | 1.89% | -16.66% | -12.83% |
| 2017 | 1.48% | 3.14% | 0.67% | 1.03% | -0.86% | 0.79% | 0.78% | -0.89% | 1.27% | 1.01% | 2.93% | -1.17% | 10.55% |
| 2016 | -6.71% | -0.30% | 7.57% | 1.27% | 2.14% | -0.78% | 4.97% | 2.41% | -1.11% | -1.69% | 5.15% | -3.81% | 8.55% |
| 2015 | -3.29% | 6.67% | -1.17% | 0.96% | 0.91% | -1.63% | 0.91% | -6.69% | -2.54% | 7.55% | 1.02% | -7.22% | -5.49% |
| 2014 | -3.53% | 3.85% | 0.70% | 0.09% | 1.72% | 3.48% | -2.96% | 3.51% | -2.42% | 2.93% | 2.46% | -2.96% | 6.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DFMAX is 71, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Davidson Multi-Cap Equity Fund (DFMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Davidson Multi-Cap Equity Fund provided a 0.25% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.09 | $0.09 | $0.10 | $0.07 | $0.06 | $0.13 | $0.16 | $0.36 | $0.13 | $0.04 | $0.07 | $0.21 |
Dividend yield | 0.25% | 0.26% | 0.33% | 0.26% | 0.19% | 0.47% | 0.61% | 1.66% | 0.52% | 0.19% | 0.34% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Davidson Multi-Cap Equity 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 | $0.09 | $0.09 |
| 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 | $0.07 | $0.07 |
| 2021 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2016 | $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 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.21 | $0.21 |
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 Davidson Multi-Cap Equity 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 Davidson Multi-Cap Equity Fund was 47.54%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.54% | Aug 18, 2008 | 140 | Mar 9, 2009 | 420 | Nov 4, 2010 | 560 |
| -34.4% | Sep 24, 2018 | 376 | Mar 23, 2020 | 109 | Aug 26, 2020 | 485 |
| -28.94% | Nov 15, 2021 | 282 | Dec 28, 2022 | 484 | Dec 2, 2024 | 766 |
| -21.69% | May 2, 2011 | 108 | Oct 3, 2011 | 239 | Sep 14, 2012 | 347 |
| -20.96% | Jun 24, 2015 | 161 | Feb 11, 2016 | 192 | Nov 14, 2016 | 353 |
Volatility
Volatility Chart
The current Davidson Multi-Cap Equity Fund volatility is 2.74%, 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.