AIOPX Performance — Opportunistic Fund, Institutional Shares
Data updated: 2024-01-26
AIOPX returned −3.50% over one year to Nov 2023. The annualised 3-year return is −3.28%. The fund trailed its Alternative category average: $100 invested three years ago grew to $90, against $105 for the category, and to $96 over one year, against $108. Volatility over the past three years was 12.54% a year. In the 12 months to Nov 2023 the fund took in a net $47.2M, and assets reached $7.99M.
AIOPX Growth of $100
What $100 invested in Opportunistic Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | AIOPX | Category average |
|---|---|---|
| 1 year (Dec 2022 – Nov 2023) | $96 | $108 |
| 3 years (Dec 2020 – Nov 2023) | $90 | $105 |
| Since data start (Sep 2019 – Nov 2023) | $107 | $116 |
AIOPX Trailing Returns
Total returns to Nov 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.50% |
| 3 years (annualised) | −3.28% |
AIOPX Annual Returns
Calendar-year total returns of Opportunistic Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Nov) | −0.10% |
| 2022 | −21.33% |
| 2021 | +9.69% |
| 2020 | +20.78% |
| 2019 (Sep–Dec) | +2.94% |
AIOPX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +1.1% | −2.0% | +0.4% | +0.2% | −1.9% | +2.0% | +2.8% | −1.0% | −2.0% | −1.7% | +2.1% | — |
| 2022 | −6.3% | −2.8% | +1.6% | −7.0% | −1.2% | −7.7% | +5.0% | −2.7% | −7.1% | +7.4% | +1.9% | −3.4% |
| 2021 | +0.6% | +6.6% | 0.0% | +2.4% | −0.9% | +0.8% | −1.8% | +0.2% | −3.3% | +4.6% | −1.0% | +1.6% |
| 2020 | −0.5% | −4.3% | −12.2% | +8.5% | +6.3% | +4.2% | +3.0% | +2.1% | −2.3% | −1.0% | +12.6% | +4.9% |
| 2019 | — | — | — | — | — | — | — | — | +0.6% | −0.6% | +1.9% | +1.0% |
AIOPX Risk
Risk measures from monthly returns over Dec 2020 – Nov 2023.
- 3-year volatility (annualised): 12.54%
- 3-year Sharpe ratio: -0.62 (vs 4.5% risk-free rate)
- Best month: +7.36% (Oct 2022)
- Worst month: −7.70% (Jun 2022)
AIOPX Fund Flows
Monthly money in and out of Opportunistic Fund, from SEC Form N-PORT.
- 12-month net flow: $47.2M
- 12-month gross sales (incl. reinvestments): $7.1M
- Sales ÷ redemptions: -0.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Nov 2023 | $83 | −$1.5M | $1.5M |
| Oct 2023 | $76K | −$957K | $1.0M |
| Sep 2023 | $56K | −$8.8M | $8.8M |
| Aug 2023 | $70K | −$2.7M | $2.8M |
| Jul 2023 | $89K | −$720K | $809K |
| Jun 2023 | $75K | −$1.0M | $1.1M |
| May 2023 | $20K | −$438K | $458K |
| Apr 2023 | $63K | −$431K | $494K |
| Mar 2023 | $75K | −$2.8M | $2.9M |
| Feb 2023 | $114K | −$5.3M | $5.5M |
| Jan 2023 | $161K | −$1.0M | $1.2M |
| Dec 2022 | $6.3M | −$14.4M | $20.7M |
AIOPX Assets Under Management
Net assets of Opportunistic Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-11-30 | $7.99M |
| 2023-08-31 | $19.51M |
| 2023-05-31 | $23.05M |
| 2023-02-28 | $27.01M |
| 2022-11-30 | $42.93M |
| 2022-08-31 | $45.69M |
| 2022-05-31 | $59.90M |
| 2022-02-28 | $69.33M |
| 2021-11-30 | $76.59M |
| 2021-08-31 | $77.82M |
| 2021-05-31 | $78.96M |
| 2021-02-28 | $60.75M |
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.