Wavelength Interest Rate Neutral Fund (WAVLX)
The fund aims to achieve its investment objective by seeking to establish a balance of investment exposure across possible interest rate environments using global fixed income instruments, while buying and selling securities with a target of maintaining this balance amidst changing market and economic conditions. Its portfolio holdings will primarily include securities sold on U.S. exchanges and may include bonds, exchange-traded funds ("ETFs"), and derivative instruments (including futures contracts and exchange-traded notes ("ETNs")).
Fund Info
US90386H8833
90386H883
Sep 29, 2013
$10,000
Expense Ratio
WAVLX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Wavelength Interest Rate Neutral 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
Wavelength Interest Rate Neutral Fund had a return of 2.41% year-to-date (YTD) and 8.67% in the last 12 months. Over the past 10 years, Wavelength Interest Rate Neutral Fund had an annualized return of 2.41%, while the S&P 500 had an annualized return of 11.31%, indicating that Wavelength Interest Rate Neutral Fund did not perform as well as the benchmark.
WAVLX
2.41%
1.56%
1.96%
8.67%
1.33%
2.41%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of WAVLX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.47% | 2.41% | |||||||||||
| 2024 | -0.11% | -0.21% | 1.38% | -2.63% | 2.27% | 1.27% | 2.00% | 1.45% | 2.17% | -2.02% | 1.85% | -2.15% | 5.21% |
| 2023 | 2.69% | -1.68% | 1.75% | 0.21% | -1.26% | 0.93% | 0.64% | -0.64% | -2.03% | -1.11% | 4.25% | 3.28% | 7.03% |
| 2022 | -2.49% | -1.13% | -0.87% | -3.28% | -0.40% | -3.28% | 2.92% | -2.03% | -4.03% | 0.65% | 3.03% | -0.79% | -11.34% |
| 2021 | -0.36% | -0.91% | -0.28% | 1.30% | 0.46% | 0.60% | 0.82% | 0.45% | -1.42% | 0.73% | -0.54% | -0.55% | 0.25% |
| 2020 | 1.64% | -0.57% | -6.41% | 2.86% | 2.88% | 1.30% | 2.87% | 1.21% | -1.05% | -0.74% | 2.81% | 0.48% | 7.10% |
| 2019 | 3.43% | 0.60% | 1.80% | 0.69% | 0.19% | 2.61% | 0.48% | 1.71% | -0.75% | 0.38% | 0.19% | -1.55% | 10.13% |
| 2018 | 0.70% | -1.19% | 0.03% | -0.50% | 0.61% | -0.06% | 0.91% | 0.60% | 0.18% | -2.20% | 0.31% | -0.80% | -1.46% |
| 2017 | 0.62% | 1.33% | -0.12% | 0.71% | 0.61% | -0.41% | 1.21% | 0.50% | 0.03% | 0.60% | -0.10% | 0.49% | 5.58% |
| 2016 | -0.76% | 0.77% | 3.16% | 0.95% | 0.00% | 1.75% | 1.66% | 0.10% | 0.29% | -0.61% | -0.72% | 1.06% | 7.83% |
| 2015 | 2.54% | 0.30% | -0.34% | 0.60% | -0.30% | -3.03% | 0.72% | -3.36% | -1.63% | 2.48% | -0.74% | -1.74% | -4.60% |
| 2014 | 0.71% | 1.50% | -0.23% | 0.79% | 1.97% | 0.61% | -1.63% | 1.96% | -2.91% | 1.09% | -0.00% | -2.29% | 1.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WAVLX is 73, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Wavelength Interest Rate Neutral Fund (WAVLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Wavelength Interest Rate Neutral Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.46 | $0.34 | $0.15 | $0.12 | $0.24 | $0.26 | $0.21 | $0.21 | $0.20 | $0.23 |
Dividend yield | 4.31% | 4.41% | 4.84% | 3.63% | 1.36% | 1.10% | 2.28% | 2.66% | 2.08% | 2.13% | 2.19% | 2.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Wavelength Interest Rate Neutral 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.42 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.15 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.12 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.24 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.26 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.21 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.21 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.20 |
| 2014 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.23 |
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 Wavelength Interest Rate Neutral 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 Wavelength Interest Rate Neutral Fund was 15.63%, occurring on Sep 27, 2022. Recovery took 497 trading sessions.
The current Wavelength Interest Rate Neutral Fund drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.63% | Nov 10, 2021 | 221 | Sep 27, 2022 | 497 | Sep 19, 2024 | 718 |
| -13.43% | Dec 30, 2019 | 55 | Mar 18, 2020 | 82 | Jul 15, 2020 | 137 |
| -10.95% | Apr 27, 2015 | 200 | Feb 9, 2016 | 258 | Feb 16, 2017 | 458 |
| -5.31% | Sep 2, 2014 | 75 | Dec 16, 2014 | 88 | Apr 24, 2015 | 163 |
| -3.82% | Sep 28, 2018 | 59 | Dec 21, 2018 | 25 | Jan 30, 2019 | 84 |
Volatility
Volatility Chart
The current Wavelength Interest Rate Neutral Fund volatility is 1.41%, 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.