- ISIN
- US3499034847
- CUSIP
- 349903484
- Issuer
- Polaris Funds
- Inception Date
- May 31, 1998
- Category
- Global Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PGVFX Performance Chart
Polaris Global Value Fund (PGVFX) is up 20.4% since the beginning of the year. PGVFX is currently trading at $45 per share. Investors who bought $1,000 worth of PGVFX shares 5 years ago would now be looking at an investment worth $1,662.
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Returns By Period
Polaris Global Value Fund (PGVFX) has returned 20.41% so far this year and 39.85% over the past 12 months. Over the last ten years, PGVFX has returned 11.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Polaris Global Value Fund
- 1D
- 0.25%
- 1M
- 1.79%
- YTD
- 20.41%
- 6M
- 20.73%
- 1Y
- 39.85%
- 3Y*
- 20.64%
- 5Y*
- 10.69%
- 10Y*
- 11.11%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PGVFX Monthly Returns History
Based on dividend-adjusted daily data since May 29, 1998, PGVFX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +17.7%, while the worst month was Oct 2008 at -23.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PGVFX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.5%, while the worst single day was Mar 12, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.03% | 6.62% | -7.33% | 7.69% | 4.92% | 0.79% | 20.41% | ||||||
| 2025 | 4.21% | -0.06% | -0.12% | -0.53% | 5.66% | 3.49% | -1.60% | 4.85% | 1.77% | 0.90% | 2.29% | 3.57% | 27.01% |
| 2024 | -0.10% | 1.84% | 4.10% | -3.36% | 3.95% | -1.43% | 4.81% | 1.79% | 0.00% | -3.21% | 2.68% | -5.29% | 5.33% |
| 2023 | 6.13% | -1.86% | -1.30% | 0.28% | -3.86% | 5.48% | 4.95% | -4.12% | -2.84% | -2.96% | 8.64% | 6.49% | 14.76% |
| 2022 | -1.46% | -1.32% | -1.91% | -5.69% | 3.10% | -10.46% | 5.34% | -4.71% | -9.59% | 8.93% | 9.93% | -2.48% | -12.00% |
| 2021 | 0.82% | 6.10% | 3.66% | 3.35% | 2.73% | -3.27% | -0.60% | 1.91% | -2.32% | 2.20% | -4.77% | 5.23% | 15.38% |
Benchmark Metrics
Polaris Global Value Fund has an annualized alpha of 3.60%, beta of 0.65, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 29, 1998.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.87%) than losses (94.76%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.60% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.65 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
- 3.60%
- Beta
- 0.65
- R²
- 0.57
- Upside Capture
- 98.87%
- Downside Capture
- 94.76%
Expense Ratio
PGVFX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PGVFX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Polaris Global Value Fund (PGVFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGVFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.78 | +1.74 |
| Martin ratioReturn relative to average drawdown | 16.30 | 12.44 | +3.86 |
Dividends
Dividend History
Polaris Global Value Fund provided a 4.30% dividend yield over the last twelve months, with an annual payout of $1.93 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.93 | $1.93 | $1.74 | $0.52 | $0.97 | $1.31 | $0.45 | $1.02 | $0.79 | $0.41 | $0.31 | $0.27 |
Dividend yield | 4.30% | 5.17% | 5.65% | 1.68% | 3.55% | 4.05% | 1.55% | 3.69% | 3.39% | 1.50% | 1.32% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Polaris Global Value 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 | $1.93 | $1.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $1.31 |
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 Polaris Global Value 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 Polaris Global Value Fund was 68.09%, occurring on Mar 9, 2009. Recovery took 1109 trading sessions.
The current Polaris Global Value Fund drawdown is 0.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.09%Mar 2009 | 1y 7mo | 4y 4mo | 6y 19dJul 2007 - Aug 2013 |
COVID crash2020 | -41.26%Mar 2020 | 2mo 24d | 8mo 6d | 11moDec 2019 - Nov 2020 |
1998 bear market1998 | -28.80%Oct 1998 | 4mo 8d | 2y 7mo | 2y 11moJun 1998 - May 2001 |
Dot-com crash2000–2002 | -27.74%Oct 2002 | 4mo 22d | 9mo 1d | 1y 1moMay 2002 - Jul 2003 |
Bear market2022 | -27.58%Sep 2022 | 8mo 15d | 1y 5mo | 2y 1moJan 2022 - Mar 2024 |
Drawdown Indicators
| PGVFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.09% | -56.78% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.10% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.53% | -18.90% | +6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -25.43% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.26% | -33.92% | -7.34% |
Current DrawdownCurrent decline from peak | -0.33% | -1.80% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -10.71% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.03% | +0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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