Grizzly Short Fund (GRZZX)
The fund sells stocks and exchange traded funds short. Short selling involves the sale of borrowed securities. When the fund sells a stock short, it incurs an obligation to replace the stock borrowed at whatever its price may be at the time it purchases the stock for delivery to the securities lender. The fund generally will have outstanding approximately 60 to 100 stocks that it has sold short. It utilizes a disciplined, unemotional, quantitative investment approach.
Fund Info
| ISIN | US5272897977 |
|---|---|
| CUSIP | 527289797 |
| Issuer | Leuthold |
| Inception Date | Jun 18, 2000 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Expense Ratio
GRZZX has a high expense ratio of 1.61%, 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 Grizzly 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
Grizzly Short Fund had a return of 2.85% year-to-date (YTD) and -6.58% in the last 12 months. Over the past 10 years, Grizzly Short Fund had an annualized return of -13.46%, while the S&P 500 had an annualized return of 10.37%, indicating that Grizzly Short Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.85% | 5.57% |
| 1 month | 4.29% | -4.16% |
| 6 months | -12.68% | 20.07% |
| 1 year | -6.58% | 20.82% |
| 5 years (annualized) | -14.84% | 11.56% |
| 10 years (annualized) | -13.46% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.42% | -3.21% | -2.42% | |||||||||
| 2023 | 6.63% | -8.12% | -7.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GRZZX is 3, indicating that it is in the bottom 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Grizzly Short Fund(GRZZX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Grizzly Short Fund granted a 7.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.50 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.43 | $0.00 | $0.00 | $0.00 | $0.16 |
Dividend yield | 7.63% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Grizzly 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.18 | |||||||||
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 |
| 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 |
| 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 |
| 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 |
| 2019 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 |
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 Grizzly 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 Grizzly Short Fund was 96.55%, occurring on Nov 8, 2021. The portfolio has not yet recovered.
The current Grizzly Short Fund drawdown is 96.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.55% | Nov 21, 2008 | 3262 | Nov 8, 2021 | — | — | — |
| -56.88% | Oct 10, 2002 | 788 | Nov 25, 2005 | 716 | Oct 6, 2008 | 1504 |
| -34.98% | Sep 24, 2001 | 115 | Mar 8, 2002 | 148 | Oct 9, 2002 | 263 |
| -26.46% | Apr 5, 2001 | 32 | May 21, 2001 | 75 | Sep 7, 2001 | 107 |
| -18.16% | Oct 28, 2008 | 6 | Nov 4, 2008 | 9 | Nov 17, 2008 | 15 |
Volatility
Volatility Chart
The current Grizzly Short Fund volatility is 4.20%, 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.