- ISIN
- US92046L6011
- CUSIP
- 92046L601
- Issuer
- Long Short
- Inception Date
- Sep 28, 2010
- Category
- Long-Short
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LSOFX Performance Chart
LS Opportunity Fund - Institutional Class (LSOFX) is up 1.4% since the beginning of the year. LSOFX is currently trading at $18 per share. Investors who bought $1,000 worth of LSOFX shares 5 years ago would now be looking at an investment worth $1,242.
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Returns By Period
LS Opportunity Fund - Institutional Class (LSOFX) has returned 1.39% so far this year and 4.09% over the past 12 months. Over the last ten years, LSOFX has returned 6.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
LS Opportunity Fund - Institutional Class
- 1D
- -0.33%
- 1M
- -1.35%
- YTD
- 1.39%
- 6M
- 1.82%
- 1Y
- 4.09%
- 3Y*
- 7.44%
- 5Y*
- 4.43%
- 10Y*
- 6.77%
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%
LSOFX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2010, LSOFX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +6.6%, while the worst month was Mar 2020 at -7.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LSOFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.1%, while the worst single day was Mar 16, 2020 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.55% | -0.82% | -1.27% | 3.46% | -0.86% | -0.60% | 1.39% | ||||||
| 2025 | 1.43% | 0.49% | -1.19% | -1.64% | 2.05% | 1.52% | -0.11% | 0.59% | 0.32% | -2.13% | 2.50% | 0.05% | 3.85% |
| 2024 | 2.01% | 2.37% | 2.71% | -1.93% | 0.56% | -0.67% | 2.47% | 2.19% | 1.66% | -1.90% | 2.96% | -4.16% | 8.28% |
| 2023 | 3.60% | -0.88% | -1.98% | 2.08% | -3.00% | 4.60% | 2.26% | 0.98% | -1.95% | -0.62% | 3.68% | 2.05% | 11.00% |
| 2022 | -0.66% | -0.55% | 0.98% | -4.35% | 2.08% | -4.95% | 2.67% | -2.03% | -3.62% | 6.11% | 3.54% | -1.76% | -3.12% |
| 2021 | -1.62% | 4.42% | 2.65% | 3.63% | 1.01% | -1.70% | -0.96% | 0.72% | -1.32% | 3.46% | -2.23% | 4.05% | 12.42% |
Benchmark Metrics
LS Opportunity Fund - Institutional Class has an annualized alpha of -0.09%, beta of 0.50, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since October 01, 2010.
- This fund participated in 55.32% of S&P 500 Index downside but only 46.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 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
- -0.09%
- Beta
- 0.50
- R²
- 0.73
- Upside Capture
- 46.03%
- Downside Capture
- 55.32%
Expense Ratio
LSOFX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LSOFX ranks 7 for risk / return — in the bottom 7% 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 LS Opportunity Fund - Institutional Class (LSOFX) and compare them to S&P 500 Index.
| LSOFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.93 | -2.11 |
| Martin ratioReturn relative to average drawdown | 2.29 | 13.52 | -11.23 |
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
LS Opportunity Fund - Institutional Class provided a 4.74% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.87 | $0.18 | $0.00 | $0.81 | $0.72 | $0.20 | $0.35 | $0.35 | $0.54 | $0.00 | $0.78 |
Dividend yield | 4.74% | 4.81% | 0.98% | 0.00% | 5.27% | 4.35% | 1.28% | 2.35% | 2.71% | 3.91% | 0.00% | 6.74% |
Monthly Dividends
The table displays the monthly dividend distributions for LS Opportunity Fund - Institutional Class. 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 | $0.87 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
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 LS Opportunity Fund - Institutional Class. 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 LS Opportunity Fund - Institutional Class was 22.05%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current LS Opportunity Fund - Institutional Class drawdown is 2.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.05%Mar 2020 | 1mo 1d | 7mo 28d | 8mo 29dFeb 2020 - Nov 2020 |
Bear market2022 | -13.00%Sep 2022 | 8mo 16d | 9mo 27d | 1y 6moJan 2022 - Jul 2023 |
2011 correction2011 | -12.64%Nov 2011 | 6mo 25d | 1y 2mo | 1y 9moMay 2011 - Feb 2013 |
Rate-hike selloffLate 2018 | -11.56%Dec 2018 | 3mo 1d | 3mo 19d | 6mo 20dSep 2018 - Apr 2019 |
2016 correction2016 | -11.04%Jan 2016 | 10mo 3d | 9mo 24d | 1y 7moMar 2015 - Nov 2016 |
Drawdown Indicators
| LSOFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -56.78% | +34.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -9.10% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.43% | -18.90% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -25.43% | +12.43% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | -33.92% | +11.87% |
Current DrawdownCurrent decline from peak | -2.09% | -0.74% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -10.72% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.97% | -0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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