AXS Multi-Strategy Alternatives Fund (KCMTX)
The fund employs a flexible investment strategy, meaning it has the freedom to invest globally in companies of all sizes and in all sectors, long or short, in equities, fixed income, certain derivatives, and cash. To achieve its investment objectives, the fund invests principally in domestic and foreign equity securities (common stock and depository receipts), exchange traded funds, swaps, futures and options.
Fund Info
| ISIN | US46141T4489 |
|---|---|
| CUSIP | 46141T448 |
| Issuer | AXS |
| Inception Date | Aug 3, 2008 |
| Category | Multistrategy |
| Min. Investment | $1,000 |
| Asset Class | Alternatives |
Expense Ratio
KCMTX has a high expense ratio of 1.68%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KCMTX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AXS Multi-Strategy Alternatives 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
AXS Multi-Strategy Alternatives Fund had a return of 3.20% year-to-date (YTD) and 16.40% in the last 12 months. Over the past 10 years, AXS Multi-Strategy Alternatives Fund had an annualized return of 6.03%, while the S&P 500 had an annualized return of 10.84%, indicating that AXS Multi-Strategy Alternatives Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.20% | 10.00% |
| 1 month | -0.96% | 2.41% |
| 6 months | 9.05% | 16.70% |
| 1 year | 16.40% | 26.85% |
| 5 years (annualized) | 5.42% | 12.81% |
| 10 years (annualized) | 6.03% | 10.84% |
Monthly Returns
The table below presents the monthly returns of KCMTX, 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 | 1.65% | 3.15% | 2.79% | 3.20% | |||||||||
| 2023 | 5.82% | -2.06% | 0.10% | -0.90% | 0.20% | 3.83% | 1.94% | -2.29% | -2.34% | -0.10% | 5.50% | 4.77% | 14.90% |
| 2022 | -5.47% | -3.49% | 0.62% | -7.28% | 1.99% | -10.48% | 6.11% | -3.61% | -9.12% | 5.35% | 5.61% | -3.61% | -22.54% |
| 2021 | 2.11% | 6.12% | 1.32% | 4.92% | 1.47% | 2.82% | 1.26% | 3.05% | -3.23% | 6.26% | -1.64% | 3.56% | 31.37% |
| 2020 | -0.18% | -7.95% | -0.97% | -2.55% | 2.11% | 1.38% | 5.24% | 6.09% | -3.30% | -2.88% | 7.41% | 2.07% | 5.53% |
| 2019 | 5.47% | 2.00% | -0.80% | 3.33% | -8.09% | 7.39% | 1.85% | -4.16% | -0.72% | 1.18% | 1.35% | 0.40% | 8.59% |
| 2018 | 4.00% | -3.77% | -0.45% | 0.61% | -0.23% | 0.08% | 1.06% | 3.51% | -1.37% | -1.83% | 4.24% | -9.20% | -4.07% |
| 2017 | 1.31% | 4.04% | -1.47% | 0.87% | -1.64% | 0.72% | 3.00% | 1.53% | 3.24% | 3.58% | 2.61% | 2.94% | 22.57% |
| 2016 | -5.33% | 3.13% | 1.38% | -1.28% | 1.82% | -0.51% | 3.59% | -0.49% | 0.50% | -0.49% | 2.82% | 2.01% | 7.01% |
| 2015 | -2.58% | 4.88% | -0.08% | -0.87% | 2.63% | -0.54% | 1.17% | -7.63% | -2.92% | 4.55% | 0.25% | -2.47% | -4.20% |
| 2014 | -5.53% | 5.03% | -1.10% | 0.32% | 2.22% | 3.87% | -2.16% | 3.66% | -2.50% | -0.30% | 2.50% | -0.16% | 5.45% |
| 2013 | 6.23% | 0.96% | 4.16% | 0.91% | 2.31% | -3.55% | 6.61% | -2.20% | 3.93% | 3.24% | 2.84% | 3.22% | 32.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KCMTX is 72, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
KCMTX (AXS Multi-Strategy Alternatives Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AXS Multi-Strategy Alternatives Fund (KCMTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AXS Multi-Strategy Alternatives Fund granted a 101.71% dividend yield in the last twelve months. The annual payout for that period amounted to $11.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $11.48 | $0.11 | $0.00 | $3.07 | $0.00 | $0.10 | $2.40 | $1.70 | $0.44 | $0.07 | $1.06 | $1.31 |
Dividend yield | 101.71% | 1.04% | 0.00% | 24.73% | 0.00% | 0.85% | 23.04% | 12.82% | 3.60% | 0.59% | 8.57% | 10.23% |
Monthly Dividends
The table displays the monthly dividend distributions for AXS Multi-Strategy Alternatives 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 | $11.37 | $11.37 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 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 | $3.07 | $3.07 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.40 | $2.40 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2013 | $1.31 | $1.31 |
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 AXS Multi-Strategy Alternatives 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 Multi-Strategy Alternatives Fund was 28.62%, occurring on Sep 26, 2022. The portfolio has not yet recovered.
The current AXS Multi-Strategy Alternatives Fund drawdown is 8.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.62% | Jan 5, 2022 | 182 | Sep 26, 2022 | — | — | — |
| -23.79% | May 2, 2011 | 146 | Nov 25, 2011 | 363 | May 10, 2013 | 509 |
| -21.02% | Apr 26, 2010 | 86 | Aug 25, 2010 | 170 | Apr 28, 2011 | 256 |
| -18.76% | Dec 14, 2017 | 258 | Dec 24, 2018 | 493 | Dec 8, 2020 | 751 |
| -15.86% | Aug 12, 2008 | 142 | Mar 5, 2009 | 26 | Apr 13, 2009 | 168 |
Volatility
Volatility Chart
The current AXS Multi-Strategy Alternatives Fund volatility is 2.90%, 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.