Dynamic U.S. Opportunity Fund (ICSIX)
The investment seeks capital appreciation. Under normal market conditions, the fund invests primarily in equity ETFs that offer exposure to domestic equity markets. The fund's strategy is based on a proprietary quantitative framework that informs the investment decision-making process regarding investment opportunities in domestic equity markets based on the specific risk/reward characteristics of various segments of the equity market as defined by the Global Industry Classification Structure ("GICS"). It may also directly invest in derivative instruments such as futures contracts and options.
Fund Info
| ISIN | US66538A7946 |
|---|---|
| CUSIP | 66538A794 |
| Issuer | Innealta Capital |
| Inception Date | Dec 29, 2011 |
| Category | Tactical Allocation |
| Min. Investment | $20,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The Dynamic U.S. Opportunity Fund has a high expense ratio of 1.24%, 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 Dynamic U.S. Opportunity 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
Dynamic U.S. Opportunity Fund had a return of 1.60% year-to-date (YTD) and 13.97% in the last 12 months. Over the past 10 years, Dynamic U.S. Opportunity Fund had an annualized return of 8.11%, while the S&P 500 had an annualized return of 10.46%, indicating that Dynamic U.S. Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.60% | 5.84% |
| 1 month | -2.52% | -2.98% |
| 6 months | 14.95% | 22.02% |
| 1 year | 13.97% | 24.47% |
| 5 years (annualized) | 10.20% | 11.44% |
| 10 years (annualized) | 8.11% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.06% | 2.62% | 2.74% | |||||||||
| 2023 | -4.37% | -2.77% | 7.19% | 4.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Dynamic U.S. Opportunity Fund(ICSIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dynamic U.S. Opportunity Fund (ICSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dynamic U.S. Opportunity Fund granted a 0.95% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.35 | $0.83 | $0.79 | $0.06 | $1.22 | $0.31 | $0.24 | $0.21 | $0.19 | $0.23 |
Dividend yield | 0.95% | 0.97% | 2.55% | 5.47% | 5.78% | 0.49% | 12.55% | 2.50% | 2.14% | 2.22% | 1.87% | 2.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Dynamic U.S. Opportunity 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 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 |
| 2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 |
| 2013 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 |
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 Dynamic U.S. Opportunity 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 Dynamic U.S. Opportunity Fund was 25.63%, occurring on Mar 23, 2020. Recovery took 50 trading sessions.
The current Dynamic U.S. Opportunity Fund drawdown is 3.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.63% | Feb 20, 2020 | 23 | Mar 23, 2020 | 50 | Jun 3, 2020 | 73 |
| -22.31% | Aug 30, 2018 | 80 | Dec 24, 2018 | 209 | Oct 23, 2019 | 289 |
| -12.48% | Jan 5, 2022 | 113 | Jun 16, 2022 | 248 | Jun 13, 2023 | 361 |
| -9.93% | Aug 1, 2023 | 63 | Oct 27, 2023 | 32 | Dec 13, 2023 | 95 |
| -9.83% | Jan 29, 2018 | 9 | Feb 8, 2018 | 110 | Jul 18, 2018 | 119 |
Volatility
Volatility Chart
The current Dynamic U.S. Opportunity Fund volatility is 2.62%, 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.