Scharf Multi-Asset Opportunity Fund (LOGOX)

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Scharf Multi-Asset Opportunity Fund (LOGOX) is up 3.8% 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 $1,356.

Scharf Multi-Asset Opportunity Fund (LOGOX) has returned 3.82% so far this year and 10.95% over the past 12 months. Over the last ten years, LOGOX has returned 8.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

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%.

Scharf Multi-Asset Opportunity Fund has an annualized alpha of 1.43%, 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 57.54% 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.

LOGOX has a high expense ratio of 0.97%, indicating above-average management fees.

LOGOX ranks 15 for risk / return — in the bottom 15% 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.

The table below present risk-adjusted performance metrics for Scharf Multi-Asset Opportunity Fund (LOGOX) and compare them to S&P 500 Index.

Scharf Multi-Asset Opportunity Fund provided a 1.98% dividend yield over the last twelve months, with an annual payout of $0.79 per share.

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.

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.

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 3.34%.

The chart below shows the rolling one-month volatility.