First Trust/Confluence Small Cap Value Fund (FOVIX)
The investment seeks to provide long-term capital appreciation. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in equity securities of U.S. listed companies with small market capitalizations ("Small-Cap Companies") at the time of investment. Currently, a company will be considered to be a Small-Cap Company if its market capitalization at the time of purchase is within the range of companies in the Russell 2000 Index or the S&P SmallCap 600 Index during the most recent 12-month period (based on month-end data).
Fund Info
US33731W1302
Jan 11, 2011
$1,000,000
Small-Cap
Blend
Expense Ratio
FOVIX has a high expense ratio of 1.35%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
First Trust/Confluence Small Cap Value Fund (FOVIX) returned -7.82% year-to-date (YTD) and -7.09% over the past 12 months. Over the past 10 years, FOVIX returned 4.15% annually, underperforming the S&P 500 benchmark at 10.84%.
FOVIX
-7.82%
1.57%
-15.35%
-7.09%
-0.78%
3.42%
4.15%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FOVIX, 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 | 2.82% | -3.30% | -4.61% | -4.66% | 1.95% | -7.82% | |||||||
| 2024 | -3.08% | 7.05% | 5.09% | -8.66% | 5.78% | -1.48% | 9.46% | -2.47% | -1.44% | -3.50% | 7.58% | -8.42% | 3.83% |
| 2023 | 11.15% | -3.51% | -4.34% | -0.80% | -4.57% | 8.66% | 2.49% | -3.38% | -5.37% | -5.42% | 4.71% | 8.66% | 6.42% |
| 2022 | -6.41% | -2.03% | -0.94% | -7.28% | -0.75% | -4.70% | 7.41% | -3.64% | -11.30% | 10.28% | 5.43% | -5.05% | -19.26% |
| 2021 | -0.94% | 7.52% | 2.91% | 2.91% | -0.23% | 0.47% | -1.45% | 2.86% | -4.54% | 2.72% | -0.94% | 4.59% | 16.45% |
| 2020 | -1.25% | -8.91% | -18.66% | 7.58% | 4.96% | 1.73% | -0.60% | 4.10% | -5.62% | 0.36% | 15.24% | 7.51% | 2.06% |
| 2019 | 10.79% | 3.04% | -0.59% | 3.93% | -7.69% | 8.19% | 0.57% | -5.22% | 3.47% | 2.42% | 3.40% | 2.13% | 25.67% |
| 2018 | 0.64% | -4.96% | 2.64% | 2.04% | 4.84% | 1.13% | 2.65% | 3.62% | -0.92% | -10.19% | -1.76% | -10.26% | -11.38% |
| 2017 | 3.85% | 1.41% | -0.19% | 0.56% | -1.39% | 1.60% | 0.99% | -0.27% | 4.83% | 2.33% | 3.34% | 0.40% | 18.72% |
| 2016 | -4.26% | 2.41% | 9.16% | -0.69% | 3.20% | 0.72% | 2.94% | 1.17% | -0.54% | -2.97% | 6.97% | 2.11% | 21.27% |
| 2015 | -4.14% | 5.35% | 2.23% | -2.61% | -0.48% | 1.40% | 0.51% | -5.76% | -2.61% | 5.88% | 0.86% | -4.03% | -4.07% |
| 2014 | -2.08% | 3.23% | 0.40% | -1.87% | 0.49% | 4.35% | -4.24% | 3.79% | -2.36% | 4.66% | 0.46% | 2.24% | 8.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FOVIX is 2, meaning it’s performing worse than 98% 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 First Trust/Confluence Small Cap Value Fund (FOVIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
First Trust/Confluence Small Cap Value Fund provided a 4.63% dividend yield over the last twelve months, with an annual payout of $1.26 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.26 | $1.26 | $0.42 | $3.65 | $0.35 | $0.00 | $0.00 | $3.78 | $1.94 | $0.39 | $0.38 | $2.04 |
Dividend yield | 4.63% | 4.27% | 1.43% | 12.97% | 0.89% | 0.00% | 0.00% | 14.17% | 5.62% | 1.29% | 1.48% | 7.55% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust/Confluence Small Cap Value 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 | $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 | $1.26 | $1.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.65 | $3.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.78 | $3.78 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.94 | $1.94 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2014 | $2.04 | $2.04 |
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 First Trust/Confluence Small Cap Value 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 First Trust/Confluence Small Cap Value Fund was 39.47%, occurring on Mar 23, 2020. Recovery took 186 trading sessions.
The current First Trust/Confluence Small Cap Value Fund drawdown is 19.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.47% | Jan 21, 2020 | 44 | Mar 23, 2020 | 186 | Dec 15, 2020 | 230 |
| -28.38% | Nov 9, 2021 | 225 | Sep 30, 2022 | — | — | — |
| -25.79% | Aug 27, 2018 | 83 | Dec 24, 2018 | 267 | Jan 16, 2020 | 350 |
| -22.52% | Jun 1, 2011 | 87 | Oct 3, 2011 | 233 | Sep 6, 2012 | 320 |
| -14.77% | Mar 31, 2015 | 204 | Jan 20, 2016 | 62 | Apr 19, 2016 | 266 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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