AFAZX Performance — Applied Finance Dividend Fund, Institutional Class
Data updated: 2026-09-23
AFAZX returned +15.12% year to date and +21.42% over one year to Jul 2026. Annualised returns are +14.34% over 3 years and +9.47% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $149, against $144 for the category, and to $121 over one year, against $119. Volatility over the past three years was 12.07% a year. In the 12 months to Jul 2026 the fund took in a net $2.5M, and assets reached $34.32M.
AFAZX Growth of $100
What $100 invested in Applied Finance Dividend Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | AFAZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $121 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $149 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $157 | $145 |
| Since data start (Feb 2020 – Jul 2026) | $206 | $197 |
AFAZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.12% |
| 1 year | +21.42% |
| 3 years (annualised) | +14.34% |
| 5 years (annualised) | +9.47% |
AFAZX Annual Returns
Calendar-year total returns of Applied Finance Dividend Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +15.12% |
| 2025 | +10.59% |
| 2024 | +12.45% |
| 2023 | +10.14% |
| 2022 | −6.26% |
| 2021 | +25.98% |
| 2020 (Feb–Dec) | +10.41% |
AFAZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.7% | +2.9% | −3.3% | +2.4% | +0.2% | +1.1% | +7.4% | — | — | — | — | — |
| 2025 | +3.6% | +0.4% | −3.6% | −3.2% | +3.6% | +3.8% | +0.5% | +3.6% | −0.7% | −1.4% | +3.8% | +0.2% |
| 2024 | +0.8% | +4.0% | +4.8% | −5.4% | +2.1% | −0.8% | +4.8% | +2.7% | +1.1% | −0.9% | +5.9% | −6.3% |
| 2023 | +3.5% | −3.7% | −0.6% | +1.6% | −3.9% | +6.1% | +2.8% | −1.5% | −3.7% | −2.6% | +7.1% | +5.6% |
| 2022 | −1.8% | −2.1% | +2.6% | −4.5% | +1.6% | −8.5% | +5.4% | −3.6% | −7.2% | +10.6% | +6.6% | −3.7% |
| 2021 | −1.0% | +6.7% | +5.5% | +4.4% | +1.2% | −1.1% | +1.7% | +1.4% | −3.9% | +5.1% | −2.9% | +7.1% |
| 2020 | — | −9.7% | −19.2% | +14.3% | +5.9% | +0.4% | +5.2% | +3.9% | −1.8% | −2.3% | +14.0% | +4.1% |
AFAZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 12.07%
- 3-year Sharpe ratio: 0.81 (vs 4.5% risk-free rate)
- Best month: +7.44% (Jul 2026)
- Worst month: −6.29% (Dec 2024)
AFAZX Fund Flows
Monthly money in and out of Applied Finance Dividend Fund, from SEC Form N-PORT.
- 12-month net flow: $2.5M
- 12-month gross sales (incl. reinvestments): $6.6M
- Sales ÷ redemptions: 1.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.6M | $286K | $1.3M |
| Jun 2026 | $151K | $882K | −$731K |
| May 2026 | $601K | $165K | $435K |
| Apr 2026 | $3.0M | $178K | $2.8M |
| Mar 2026 | $82K | $394K | −$312K |
| Feb 2026 | $152K | $69K | $83K |
| Jan 2026 | $111K | $391K | −$280K |
| Dec 2025 | $625K | $287K | $339K |
| Nov 2025 | $54K | $135K | −$81K |
| Oct 2025 | $59K | $238K | −$178K |
| Sep 2025 | $124K | $368K | −$244K |
| Aug 2025 | $115K | $776K | −$662K |
AFAZX Assets Under Management
Net assets of Applied Finance Dividend Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $34.32M |
| 2026-04-30 | $30.56M |
| 2026-01-31 | $27.46M |
| 2025-10-31 | $26.01M |
| 2025-07-31 | $26.73M |
| 2025-04-30 | $25.25M |
| 2025-01-31 | $27.27M |
| 2024-10-31 | $27.95M |
| 2024-07-31 | $28.09M |
| 2024-04-30 | $27.39M |
| 2024-01-31 | $26.08M |
| 2023-10-31 | $24.60M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.