Ranger Micro Cap Fund (RFIMX)

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The chart shows the growth of an initial investment of $10,000 in Ranger Micro Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Ranger Micro Cap Fund (RFIMX) has returned 0.96% so far this year and 16.08% over the past 12 months.

Based on dividend-adjusted daily data since Dec 18, 2018, RFIMX's average daily return is +18.84%, while the average monthly return is +1.14%. At this rate, your investment would double in approximately 5.1 years.

Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +17.5%, while the worst month was Mar 2020 at -22.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, RFIMX closed higher 50% of trading days. The best single day was Jan 27, 2025 with a return of +11,992.7%, while the worst single day was Jan 29, 2025 at -99.2%.

Ranger Micro Cap Fund has an annualized alpha of 767202728867974217728.00%, beta of 0.53, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 19, 2018.

• This fund participated in 113.51% of S&P 500 Index downside but only 110.05% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.53 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RFIMX has a high expense ratio of 1.51%, indicating above-average management fees.

RFIMX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Ranger Micro Cap Fund (RFIMX) and compare them to a chosen benchmark (S&P 500 Index).

Ranger Micro Cap Fund provided a 1.31% dividend yield over the last twelve months, with an annual payout of $0.10 per share.

The table displays the monthly dividend distributions for Ranger Micro Cap 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 Ranger Micro Cap 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 Ranger Micro Cap Fund was 99.41%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Ranger Micro Cap Fund drawdown is 99.24%.

The chart below shows the rolling one-month volatility.