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
US46141T2160
00768D343
Jun 28, 2012
$2,500
Expense Ratio
GAKAX has a high expense ratio of 1.75%, indicating above-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
GAKAX
N/A
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^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of GAKAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.57% | 0.19% | 0.66% | -1.03% | -0.09% | -0.09% | 1.33% | 0.19% | 0.28% | -2.42% | 0.57% | -8.73% | -8.64% |
| 2023 | 0.19% | -0.00% | 0.86% | 0.00% | -0.85% | 0.95% | 1.32% | 1.21% | 0.83% | -0.36% | 1.46% | -4.33% | 1.15% |
| 2022 | 1.67% | -0.10% | 0.58% | -0.58% | -0.29% | -0.58% | 0.68% | 0.39% | -0.19% | 1.36% | 0.48% | -0.19% | 3.25% |
| 2021 | -0.19% | -0.00% | 0.29% | 1.26% | 0.48% | -0.95% | -2.02% | -0.20% | 0.98% | -0.87% | -0.10% | -0.29% | -1.65% |
| 2020 | 0.28% | -0.38% | -4.57% | 3.79% | -2.21% | -0.49% | 1.88% | -0.19% | -0.68% | 1.47% | 1.73% | -2.18% | -1.81% |
| 2019 | 1.23% | -0.09% | 0.85% | 0.56% | -0.09% | -0.09% | 0.93% | 0.18% | 0.18% | 0.27% | 0.27% | -4.19% | -0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GAKAX is 0, meaning it’s performing worse than 100% 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 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 provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.08 | $0.00 | $0.00 | $0.00 | $1.77 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 1.50% | 0.80% | 0.00% | 0.00% | 0.00% | 16.82% | 0.00% | 0.00% | 0.00% | 0.00% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $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 |
| 2021 | $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 |
| 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 | $0.47 | $0.17 | $0.57 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 |
| 2015 | $0.01 | $0.01 |
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 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 17.11%, occurring on Mar 18, 2020. Recovery took 896 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.11% | Dec 11, 2019 | 67 | Mar 18, 2020 | 896 | Oct 9, 2023 | 963 |
| -12.98% | Dec 15, 2023 | 256 | Dec 20, 2024 | — | — | — |
| -1.09% | Oct 17, 2023 | 22 | Nov 15, 2023 | 5 | Nov 22, 2023 | 27 |
| -0.56% | Feb 22, 2019 | 5 | Feb 28, 2019 | 21 | Mar 29, 2019 | 26 |
| -0.46% | May 9, 2019 | 36 | Jun 28, 2019 | 6 | Jul 9, 2019 | 42 |
Volatility
Volatility Chart
The current AXS Merger Fund volatility is 9.13%, 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.