Spectrum Low Volatility Fund (SVARX)
The fund's adviser delegates execution of the fund's investment strategy to a sub-adviser. It invests in a diversified portfolio of primarily income-producing fixed income securities. The sub-adviser does not select individual bonds or other fixed income securities but instead, invests the fund's assets in open-end investment companies ("mutual funds") and exchange-traded funds ("ETFs") that each invests primarily in fixed rate or floating rate fixed income securities.
Fund Info
US00771F8712
00771F871
Dec 15, 2013
$1,000
Expense Ratio
SVARX has a high expense ratio of 2.34%, 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 Spectrum Low Volatility 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
Spectrum Low Volatility Fund had a return of 3.19% year-to-date (YTD) and 7.25% in the last 12 months. Over the past 10 years, Spectrum Low Volatility Fund had an annualized return of 6.89%, while the S&P 500 had an annualized return of 11.32%, indicating that Spectrum Low Volatility Fund did not perform as well as the benchmark.
SVARX
3.19%
0.87%
3.16%
7.25%
7.38%
6.89%
^GSPC (Benchmark)
26.84%
5.60%
14.34%
32.39%
14.23%
11.32%
Monthly Returns
The table below presents the monthly returns of SVARX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.24% | -0.32% | 0.92% | -0.81% | 0.12% | 0.85% | 1.31% | 0.84% | 1.38% | -1.73% | 0.83% | 3.19% | |
| 2023 | 3.45% | -2.77% | -0.08% | -0.49% | -0.89% | 0.69% | 0.81% | 0.47% | 0.04% | 0.14% | 3.56% | 4.58% | 9.67% |
| 2022 | -0.81% | -0.89% | -0.49% | -1.11% | -0.21% | -0.58% | 1.13% | -1.74% | -0.84% | -0.09% | 1.83% | -0.59% | -4.35% |
| 2021 | 0.91% | 0.43% | -0.23% | 1.00% | 0.47% | 0.77% | 0.23% | 0.27% | 0.12% | -0.05% | -0.29% | 0.40% | 4.10% |
| 2020 | 1.55% | 1.16% | -1.10% | 1.62% | 3.91% | 3.07% | 4.34% | 1.91% | -0.92% | -0.12% | 4.26% | 2.30% | 24.10% |
| 2019 | 3.23% | 1.76% | 0.42% | 1.77% | -1.28% | 1.58% | 0.67% | -0.64% | -0.32% | -0.18% | -0.06% | 2.19% | 9.42% |
| 2018 | 0.52% | -0.85% | 0.10% | -0.00% | -0.05% | -0.24% | 0.67% | 0.52% | 0.42% | -1.03% | -0.86% | -0.18% | -0.99% |
| 2017 | 1.49% | 1.65% | -0.05% | 0.84% | 1.48% | -0.14% | 1.46% | 0.72% | 0.58% | 0.58% | -0.16% | -0.45% | 8.25% |
| 2016 | 0.20% | -0.15% | 3.83% | 3.44% | 1.24% | -0.19% | 2.26% | 2.30% | -0.27% | 0.27% | 0.08% | 2.43% | 16.46% |
| 2015 | 0.90% | 1.59% | -0.44% | 0.93% | 0.24% | -0.98% | -0.03% | -0.35% | -0.55% | 0.71% | -1.06% | 0.13% | 1.08% |
| 2014 | -0.35% | 1.30% | 0.00% | 0.45% | 0.99% | 1.03% | -0.63% | -0.05% | -1.04% | 0.61% | -0.05% | 0.15% | 2.41% |
| 2013 | 0.23% | 0.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SVARX is 57, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Spectrum Low Volatility Fund provided a 7.00% dividend yield over the last twelve months, with an annual payout of $1.70 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.70 | $0.84 | $0.00 | $1.42 | $0.18 | $0.72 | $0.49 | $1.01 | $1.39 | $0.59 | $0.56 | $0.04 |
Dividend yield | 7.00% | 3.35% | 0.00% | 5.70% | 0.71% | 3.38% | 2.41% | 4.79% | 6.68% | 3.02% | 2.82% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Spectrum Low Volatility 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.12 | $0.00 | $0.00 | $1.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.51 | $0.00 | $0.09 | $0.84 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.94 | $0.00 | $1.42 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.11 | $0.18 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.12 | $0.23 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.05 | $0.49 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.19 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $0.27 | $1.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.12 | $0.00 | $0.16 | $0.59 |
| 2014 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.10 | $0.00 | $0.05 | $0.56 |
| 2013 | $0.04 | $0.04 |
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 Spectrum Low Volatility 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 Spectrum Low Volatility Fund was 6.48%, occurring on Nov 9, 2022. Recovery took 266 trading sessions.
The current Spectrum Low Volatility Fund drawdown is 0.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.48% | Sep 20, 2021 | 289 | Nov 9, 2022 | 266 | Dec 1, 2023 | 555 |
| -3.25% | Jun 9, 2020 | 16 | Jun 30, 2020 | 19 | Jul 28, 2020 | 35 |
| -2.88% | Apr 27, 2015 | 163 | Dec 15, 2015 | 54 | Mar 4, 2016 | 217 |
| -2.82% | Apr 15, 2020 | 23 | May 15, 2020 | 6 | May 26, 2020 | 29 |
| -2.64% | Sep 5, 2014 | 73 | Dec 17, 2014 | 43 | Feb 20, 2015 | 116 |
Volatility
Volatility Chart
The current Spectrum Low Volatility Fund volatility is 0.51%, 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.