- ISIN
- US9695578180
- CUSIP
- 969557818
- Issuer
- Government Street
- Inception Date
- Nov 17, 2003
- Category
- Mid Cap Blend Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GVMCX Performance Chart
Government Street Opportunities Fund (GVMCX) is up 11.2% since the beginning of the year. GVMCX is currently trading at $54 per share. Investors who bought $1,000 worth of GVMCX shares 5 years ago would now be looking at an investment worth $1,632.
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Returns By Period
Government Street Opportunities Fund (GVMCX) has returned 11.23% so far this year and 18.11% over the past 12 months. Over the last ten years, GVMCX has had an annualized return of 13.15%, just under the S&P 500 Index benchmark’s 13.26%.
Government Street Opportunities Fund
- 1D
- 1.94%
- 1M
- -1.53%
- 6M
- 6.45%
- YTD
- 11.23%
- 1Y
- 18.11%
- 3Y*
- 15.69%
- 5Y*
- 10.29%
- 10Y*
- 13.15%
- ALL TIME*
- 10.86%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GVMCX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2004, GVMCX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2011 with a return of +11.7%, while the worst month was Oct 2008 at -17.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GVMCX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.49% | 1.94% | -5.31% | 7.74% | 3.52% | 2.48% | -3.51% | 11.23% | |||||
| 2025 | 1.94% | -0.09% | -3.38% | -1.49% | 5.90% | 4.39% | 1.84% | 1.92% | 2.62% | 0.40% | -0.43% | 0.36% | 14.52% |
| 2024 | 0.90% | 7.89% | 5.17% | -5.81% | 5.39% | -0.77% | 3.13% | 1.04% | 0.90% | 0.17% | 8.64% | -7.25% | 19.68% |
| 2023 | 5.61% | -1.59% | 0.25% | -0.28% | -0.36% | 7.12% | 2.27% | -0.88% | -5.28% | -4.34% | 7.03% | 5.66% | 15.19% |
| 2022 | -9.12% | 0.10% | 3.37% | -7.85% | 1.84% | -7.33% | 9.11% | -3.48% | -7.69% | 7.28% | 6.70% | -5.68% | -14.16% |
| 2021 | -0.39% | 3.98% | 2.85% | 5.79% | 1.61% | 1.99% | 2.96% | 2.77% | -4.80% | 8.34% | -1.37% | 3.52% | 30.14% |
Benchmark Metrics
Government Street Opportunities Fund has an annualized alpha of 2.59%, beta of 0.93, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since January 02, 2004.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.69%) than losses (89.68%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.59% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.93 and R2 of 0.91, 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
- 2.59%
- Beta
- 0.93
- R²
- 0.91
- Upside Capture
- 99.69%
- Downside Capture
- 89.68%
Expense Ratio
GVMCX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GVMCX ranks 34 for risk / return — above 34% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Government Street Opportunities Fund (GVMCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GVMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.00 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.80 | 8.49 | -1.69 |
Dividends
Dividend History
Government Street Opportunities Fund provided a 2.09% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.86 | $2.41 | $0.75 | $1.53 | $1.42 | $1.12 | $1.38 | $0.47 | $1.27 | $1.04 | $1.22 |
Dividend yield | 2.09% | 3.80% | 5.42% | 1.91% | 4.43% | 3.36% | 3.35% | 4.68% | 2.00% | 4.84% | 4.54% | 5.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Government Street Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.23 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.14 | $1.86 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $0.20 | $2.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.24 | $0.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.19 | $1.53 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.18 | $1.42 |
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 Government Street Opportunities 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 Government Street Opportunities Fund was 47.77%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Government Street Opportunities Fund drawdown is 3.68%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.77%Mar 2009 | 1y 7mo | 1y 8mo | 3y 3moJul 2007 - Nov 2010 | Financial crisis2007–2009 |
-34.67%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 | COVID crash2020 |
-21.92%Oct 2022 | 11mo 1d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 | Bear market2022 |
-21.77%Oct 2011 | 2mo 27d | 5mo 25d | 8mo 22dJul 2011 - Mar 2012 | — |
-19.45%Dec 2018 | 3mo 8d | 3mo 19d | 6mo 27dSep 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| GVMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -56.78% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -9.10% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -18.90% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.92% | -25.43% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -33.92% | -0.75% |
Current DrawdownCurrent decline from peak | -3.68% | -1.58% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -10.70% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.14% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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