Smart Diversification Fund (SMDFX)
The fund seeks to meet its investment objective by investing under normal market conditions at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) measured at the time of purchase, in exchange-traded funds ("ETFs") that invest in domestic and foreign (i) equity securities of all market capitalizations, (ii) fixed-income securities of any credit quality, (iii) commodities (e.g., gold), (iv) real estate investment trusts ("REITs") and (iv) cash or cash equivalents.
Fund Info
US6122637563
Sep 2, 2019
$10,000
Large-Cap
Blend
Expense Ratio
SMDFX has a high expense ratio of 1.44%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Smart Diversification Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SMDFX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SMDFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 6.33% | -4.85% | 2.38% | 1.14% | -2.16% | 5.02% | 4.91% | -3.87% | -3.61% | -2.35% | 0.09% | 2.28% | |
| 2022 | -4.44% | -3.79% | 2.82% | -6.72% | 0.39% | -7.71% | 3.77% | -2.83% | -10.23% | 3.43% | 3.05% | -2.69% | -23.30% |
| 2021 | 0.68% | 3.75% | 1.88% | 3.69% | 1.10% | 2.44% | -0.00% | 3.31% | -5.44% | 6.70% | -0.19% | 3.10% | 22.58% |
| 2020 | -1.47% | -5.88% | -11.89% | 9.79% | 6.46% | 4.72% | 7.08% | 4.12% | -3.30% | -0.34% | 8.47% | 4.47% | 21.75% |
| 2019 | -0.40% | 2.91% | 1.85% | 4.22% | 8.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Smart Diversification Fund (SMDFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
| Period | 2022 | 2021 | 2020 |
|---|---|---|---|
| Dividend | $0.17 | $1.58 | $0.02 |
Dividend yield | 1.55% | 10.80% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Smart Diversification 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.58 |
| 2020 | $0.02 | $0.02 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Smart Diversification 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 Smart Diversification Fund was 30.03%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.03% | Feb 20, 2020 | 23 | Mar 23, 2020 | 72 | Jul 6, 2020 | 95 |
| -26.42% | Dec 28, 2021 | 192 | Sep 30, 2022 | — | — | — |
| -7.6% | Sep 3, 2020 | 14 | Sep 23, 2020 | 31 | Nov 5, 2020 | 45 |
| -6.81% | Sep 7, 2021 | 20 | Oct 4, 2021 | 18 | Oct 28, 2021 | 38 |
| -4.43% | Dec 9, 2021 | 8 | Dec 20, 2021 | 4 | Dec 27, 2021 | 12 |
Volatility
Volatility Chart
The current Smart Diversification Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.