Greenwich Ivy Long-Short Fund (GIVYX)
In pursuing its investment objective of long-term capital appreciation, the fund tactically invests in equity securities and exchange-traded funds that primarily invest in equity securities ("ETFs"). During periods of market volatility, the fund may assume a temporary defensive position by investing up to 70% of its assets in cash or cash equivalents such as money market funds and U.S. Treasury Securities. Under normal circumstances, it invests at least 40% (or 30% if conditions are not favorable) of the fund's net assets plus any amounts of borrowing in global securities. It is non-diversified.
Fund Info
| ISIN | US19423L8476 |
|---|---|
| Issuer | Greenwich Ivy Capital |
| Inception Date | Dec 3, 2019 |
| Category | Long-Short |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
GIVYX has a high expense ratio of 1.85%, 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 Greenwich Ivy Long-Short 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
Greenwich Ivy Long-Short Fund had a return of -4.72% year-to-date (YTD) and -2.26% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -4.72% | 9.49% |
| 1 month | 0.00% | 1.20% |
| 6 months | 3.89% | 18.29% |
| 1 year | -2.26% | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of GIVYX, 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 | -4.38% | -0.59% | 0.24% | 0.00% | -4.72% | ||||||||
| 2023 | 12.33% | -1.09% | -0.11% | -0.00% | -1.65% | 1.34% | 0.88% | -2.08% | -3.46% | -3.24% | 3.59% | 6.01% | 12.10% |
| 2022 | -0.10% | -2.46% | 0.53% | -0.84% | 2.43% | -4.94% | 3.79% | 0.73% | -5.18% | 0.55% | 2.61% | -0.89% | -4.14% |
| 2021 | -2.36% | 16.96% | 1.51% | -0.75% | 2.52% | -1.73% | -3.39% | -2.52% | 0.07% | -2.51% | -4.05% | 6.89% | 9.23% |
| 2020 | -0.90% | -6.73% | -4.10% | 5.96% | 0.32% | -4.12% | -0.77% | 5.89% | 1.47% | 3.21% | 20.64% | 5.81% | 26.89% |
| 2019 | 0.40% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GIVYX is 1, indicating that it is in the bottom 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GIVYX (Greenwich Ivy Long-Short Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Greenwich Ivy Long-Short Fund (GIVYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Greenwich Ivy Long-Short Fund granted a 3.27% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $1.16 | $4.07 |
Dividend yield | 3.27% | 3.12% | 14.13% | 41.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Greenwich Ivy Long-Short 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 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
| 2021 | $4.07 | $4.07 |
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 Greenwich Ivy Long-Short 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 Greenwich Ivy Long-Short Fund was 18.50%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
The current Greenwich Ivy Long-Short Fund drawdown is 9.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.5% | Feb 12, 2020 | 28 | Mar 23, 2020 | 53 | Jun 8, 2020 | 81 |
| -15.76% | Jun 11, 2021 | 340 | Oct 14, 2022 | 75 | Feb 2, 2023 | 415 |
| -13.76% | Jun 9, 2020 | 39 | Aug 3, 2020 | 65 | Nov 3, 2020 | 104 |
| -13.62% | Feb 3, 2023 | 183 | Oct 25, 2023 | — | — | — |
| -4.32% | Dec 7, 2020 | 12 | Dec 22, 2020 | 6 | Dec 31, 2020 | 18 |
Volatility
Volatility Chart
The current Greenwich Ivy Long-Short Fund volatility is 0.00%, 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.