AXS Merger Fund (GAKAX)
Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities and related derivatives of U.S. and foreign companies that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations (collectively, "Merger Transactions"). The types of equity securities in which the fund primarily invests include common stocks and preferred stocks of any size market capitalization.
Fund Info
| ISIN | US46141T2160 |
|---|---|
| CUSIP | 00768D343 |
| Issuer | Kellner |
| Inception Date | Jun 28, 2012 |
| Category | Event Driven |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
GAKAX has a high expense ratio of 1.75%, 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 AXS Merger 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
AXS Merger Fund had a return of 0.76% year-to-date (YTD) and 6.50% in the last 12 months. Over the past 10 years, AXS Merger Fund had an annualized return of 4.10%, while the S&P 500 had an annualized return of 10.33%, indicating that AXS Merger Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.76% | 5.21% |
| 1 month | -0.84% | -4.30% |
| 6 months | 2.90% | 18.42% |
| 1 year | 6.50% | 21.82% |
| 5 years (annualized) | 2.46% | 11.27% |
| 10 years (annualized) | 4.10% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.57% | 0.19% | 0.66% | -1.03% | ||||||||
| 2023 | -0.36% | 1.46% | 0.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GAKAX is 54, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
AXS Merger Fund(GAKAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AXS Merger Fund (GAKAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AXS Merger Fund granted a 6.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.06 | $0.11 | $0.20 | $2.26 | $0.08 | $0.00 | $0.05 | $0.36 | $0.12 | $0.44 |
Dividend yield | 6.04% | 6.08% | 0.55% | 1.07% | 1.93% | 21.48% | 0.79% | 0.00% | 0.47% | 3.50% | 1.11% | 4.34% |
Monthly Dividends
The table displays the monthly dividend distributions for AXS Merger 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2019 | $0.47 | $0.17 | $0.57 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2013 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AXS Merger 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 AXS Merger Fund was 13.73%, occurring on Mar 18, 2020. Recovery took 177 trading sessions.
The current AXS Merger Fund drawdown is 4.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.73% | Feb 24, 2020 | 18 | Mar 18, 2020 | 177 | Nov 27, 2020 | 195 |
| -5.57% | Dec 15, 2023 | 1 | Dec 15, 2023 | — | — | — |
| -4.97% | Aug 20, 2015 | 307 | Nov 4, 2016 | 121 | May 2, 2017 | 428 |
| -4.94% | Oct 9, 2014 | 7 | Oct 17, 2014 | 48 | Dec 26, 2014 | 55 |
| -4.78% | Oct 23, 2017 | 133 | May 3, 2018 | 24 | Jun 7, 2018 | 157 |
Volatility
Volatility Chart
The current AXS Merger Fund volatility is 0.92%, 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.