- ISIN
- US00770X8083
- CUSIP
- 00770X808
- Issuer
- Scharf Investments
- Inception Date
- Dec 30, 2012
- Category
- Diversified Portfolio
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LOGOX Performance Chart
Scharf Multi-Asset Opportunity Fund (LOGOX) is up 3.3% since the beginning of the year. LOGOX is currently trading at $40 per share. Investors who bought $1,000 worth of LOGOX shares 5 years ago would now be looking at an investment worth $1,351.
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Returns By Period
Scharf Multi-Asset Opportunity Fund (LOGOX) has returned 3.30% so far this year and 10.39% over the past 12 months. Over the last ten years, LOGOX has returned 8.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Scharf Multi-Asset Opportunity Fund
- 1D
- -0.50%
- 1M
- 1.43%
- YTD
- 3.30%
- 6M
- 5.84%
- 1Y
- 10.39%
- 3Y*
- 11.14%
- 5Y*
- 6.20%
- 10Y*
- 8.15%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
LOGOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, LOGOX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.8%, while the worst month was Sep 2022 at -7.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LOGOX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.68% | 4.61% | -7.80% | 3.07% | 1.17% | 0.03% | 3.30% | ||||||
| 2025 | 3.09% | 2.11% | -1.01% | -1.57% | 2.09% | 2.43% | -1.79% | 2.12% | 3.54% | -1.62% | 0.78% | 1.73% | 12.37% |
| 2024 | 1.02% | 1.36% | 2.37% | -3.21% | 2.25% | 0.06% | 3.75% | 1.47% | 0.64% | -1.14% | 4.17% | -5.10% | 7.49% |
| 2023 | 3.20% | -2.51% | 0.94% | 2.52% | -2.34% | 3.99% | 2.42% | -1.52% | -1.97% | -0.96% | 5.68% | 3.64% | 13.40% |
| 2022 | -2.22% | -1.09% | 1.38% | -4.42% | 1.06% | -5.03% | 4.22% | -3.54% | -7.84% | 6.42% | 3.92% | -1.53% | -9.25% |
| 2021 | -1.35% | 0.49% | 4.38% | 4.01% | 2.18% | -0.31% | 0.98% | 0.66% | -3.47% | 3.54% | -2.03% | 5.87% | 15.52% |
Benchmark Metrics
Scharf Multi-Asset Opportunity Fund has an annualized alpha of 1.39%, beta of 0.52, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund participated in 63.83% of S&P 500 Index downside but only 57.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.39%
- Beta
- 0.52
- R²
- 0.80
- Upside Capture
- 57.37%
- Downside Capture
- 63.83%
Expense Ratio
LOGOX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LOGOX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Scharf Multi-Asset Opportunity Fund (LOGOX) and compare them to S&P 500 Index.
| LOGOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.93 | -1.83 |
| Martin ratioReturn relative to average drawdown | 3.40 | 13.52 | -10.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Scharf Multi-Asset Opportunity Fund provided a 1.99% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.79 | $1.82 | $2.96 | $1.13 | $3.49 | $1.33 | $2.47 | $2.11 | $0.70 | $0.42 | $1.23 |
Dividend yield | 1.99% | 2.05% | 5.22% | 8.67% | 3.45% | 9.33% | 3.76% | 7.50% | 7.21% | 2.18% | 1.41% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Scharf Multi-Asset 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $1.82 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.96 | $2.96 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.49 | $3.49 |
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 Scharf Multi-Asset 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 Scharf Multi-Asset Opportunity Fund was 22.16%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.
The current Scharf Multi-Asset Opportunity Fund drawdown is 3.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.16%Mar 2020 | 1mo 2d | 5mo 7d | 6mo 9dFeb 2020 - Aug 2020 |
Bear market2022 | -16.84%Oct 2022 | 9mo 10d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -10.37%Dec 2018 | 10mo 29d | 2mo 25d | 1y 1moJan 2018 - Mar 2019 |
2016 correction2016 | -10.35%Feb 2016 | 3mo 10d | 5mo 8d | 8mo 18dNov 2015 - Jul 2016 |
2026 pullback2026 | -9.54%Mar 2026 | 25d | — | 3mo 4dMar 2026 - now |
Drawdown Indicators
| LOGOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.16% | -56.78% | +34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.10% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.54% | -18.90% | +9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -25.43% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.16% | -33.92% | +11.76% |
Current DrawdownCurrent decline from peak | -3.83% | -0.74% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -10.72% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.97% | +1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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