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First Trust/Confluence Small Cap Value Fund (FOVIX...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US33731W1302
Inception Date
Jan 11, 2011
Min. Investment
$1,000,000
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in First Trust/Confluence Small Cap Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


First Trust/Confluence Small Cap Value Fund

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.52%2.63%4.19%
20253.98%-4.38%-4.61%-4.66%2.03%0.99%0.77%3.94%-3.97%-3.77%4.56%-0.92%-6.58%
2024-3.08%7.05%5.09%-8.66%5.78%-1.48%9.46%-2.47%-1.44%-3.50%7.58%-12.15%-0.41%
202311.15%-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%
2021-0.93%7.52%2.91%2.91%-0.23%0.47%-1.45%2.86%-4.54%2.72%-0.94%4.59%16.45%

Benchmark Metrics

First Trust/Confluence Small Cap Value Fund has an annualized alpha of -3.75%, beta of 0.94, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 13, 2011.

  • This fund participated in 104.66% of S&P 500 Index downside but only 79.77% of its upside — more exposed to losses than it benefited from rallies.
  • This fund had an annualized alpha of -3.75% versus S&P 500 Index — delivering less than market exposure alone would predict.
  • With beta of 0.94 and R² of 0.63, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha
-3.75%
Beta
0.94
0.63
Upside Capture
79.77%
Downside Capture
104.66%

Expense Ratio

FOVIX has a high expense ratio of 1.35%, indicating above-average management fees.


Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for First Trust/Confluence Small Cap Value Fund (FOVIX) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

First Trust/Confluence Small Cap Value Fund provided a 16.01% dividend yield over the last twelve months, with an annual payout of $3.94 per share.


0.00%5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$3.94$3.94$0.00$0.42$3.65$0.35$0.00$0.00$3.78$1.93$0.39$0.38

Dividend yield

16.01%16.68%0.00%1.43%12.97%0.89%0.00%0.00%14.17%5.61%1.28%1.48%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.94$3.94
2024$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
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

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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-39.47%Jan 21, 202044Mar 23, 2020186Dec 15, 2020230
-30.18%Nov 9, 2021856Apr 8, 2025
-25.79%Aug 27, 201883Dec 24, 2018267Jan 16, 2020350
-22.52%Jun 1, 201187Oct 3, 2011234Sep 6, 2012321
-14.77%Mar 31, 2015204Jan 20, 201662Apr 19, 2016266

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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