- ISIN
- US66538E4998
- CUSIP
- 66538E499
- Issuer
- Covered Bridge
- Inception Date
- Sep 30, 2013
- Category
- Derivative Income
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TCBIX Performance Chart
The Covered Bridge Fund (TCBIX) is up 8.0% since the beginning of the year. TCBIX is currently trading at $10 per share. Investors who bought $1,000 worth of TCBIX shares 5 years ago would now be looking at an investment worth $1,377.
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Returns By Period
The Covered Bridge Fund (TCBIX) has returned 7.98% so far this year and 17.41% over the past 12 months. Over the last ten years, TCBIX has returned 7.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
The Covered Bridge Fund
- 1D
- -0.42%
- 1M
- -1.55%
- YTD
- 7.98%
- 6M
- 7.86%
- 1Y
- 17.41%
- 3Y*
- 9.33%
- 5Y*
- 6.60%
- 10Y*
- 7.67%
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%
TCBIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2013, TCBIX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TCBIX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.33% | 2.15% | -2.96% | 5.43% | 2.63% | -2.56% | 7.98% | ||||||
| 2025 | 2.41% | 1.68% | -2.35% | -3.34% | 3.22% | 3.79% | 0.11% | 3.74% | 0.53% | -0.00% | 1.88% | 0.52% | 12.61% |
| 2024 | -0.67% | 0.90% | 2.68% | -3.47% | 1.24% | -1.34% | 4.14% | 1.10% | 1.84% | -0.55% | 2.75% | -4.25% | 4.09% |
| 2023 | 4.41% | -2.99% | -0.69% | -0.33% | -4.39% | 4.33% | 3.03% | -2.61% | -4.26% | -1.88% | 5.75% | 4.41% | 4.09% |
| 2022 | 2.29% | -0.19% | 1.91% | -3.51% | 2.63% | -8.22% | 5.99% | -2.98% | -9.53% | 10.51% | 4.97% | -1.95% | 0.05% |
| 2021 | 2.21% | 4.12% | 4.50% | 2.00% | 2.55% | -1.23% | -0.39% | 0.49% | -1.89% | 1.74% | -3.02% | 6.17% | 18.21% |
Benchmark Metrics
The Covered Bridge Fund has an annualized alpha of -0.84%, beta of 0.65, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since October 03, 2013.
- This fund participated in 77.33% of S&P 500 Index downside but only 62.22% of its upside - more exposed to losses than it benefited from rallies.
- 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
- -0.84%
- Beta
- 0.65
- R²
- 0.73
- Upside Capture
- 62.22%
- Downside Capture
- 77.33%
Expense Ratio
TCBIX has a high expense ratio of 1.40%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TCBIX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) 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.
| TCBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.78 | +0.57 |
| Martin ratioReturn relative to average drawdown | 11.33 | 12.44 | -1.11 |
Dividends
Dividend History
The Covered Bridge Fund provided a 8.20% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.74 | $0.65 | $0.66 | $0.75 | $0.60 | $0.42 | $0.66 | $1.01 | $0.74 | $0.72 | $0.50 |
Dividend yield | 8.20% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Monthly Dividends
The table displays the monthly dividend distributions for The Covered Bridge 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 | $0.21 | $0.00 | $0.00 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.25 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.23 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.23 | $0.75 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.60 |
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 The Covered Bridge 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 The Covered Bridge Fund was 28.94%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current The Covered Bridge Fund drawdown is 2.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.94%Mar 2020 | 2mo 27d | 9mo 19d | 1y 11dDec 2019 - Jan 2021 |
Bear market2022 | -17.07%Sep 2022 | 6mo 4d | 1y 5mo | 1y 11moMar 2022 - Mar 2024 |
Rate-hike selloffLate 2018 | -14.95%Dec 2018 | 3mo 1d | 3mo 23d | 6mo 24dSep 2018 - Apr 2019 |
2016 correction2016 | -13.29%Jan 2016 | 8mo 3d | 5mo 24d | 1y 1moMay 2015 - Jul 2016 |
2025 selloff2025 | -12.73%Apr 2025 | 1mo 16d | 2mo 5d | 3mo 21dFeb 2025 - Jun 2025 |
Drawdown Indicators
| TCBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -56.78% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -9.10% | +3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -18.90% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -25.43% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -28.94% | -33.92% | +4.98% |
Current DrawdownCurrent decline from peak | -2.76% | -1.80% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -10.71% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.03% | -0.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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