AMFEX Performance — AAMA Equity Fund
Data updated: 2026-09-15
AMFEX returned +12.45% year to date and +23.81% over one year to Jun 2026. Annualised returns are +17.53% over 3 years and +10.98% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $162, against $157 for the category, and to $124 over one year, against $118. Volatility over the past three years was 10.47% a year. In the 12 months to Jun 2026 the fund lost a net $28.6M, and assets reached $401.58M.
AMFEX Growth of $100
What $100 invested in AAMA Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | AMFEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $124 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $162 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $168 | $161 |
| Since data start (Jan 2020 – Jun 2026) | $225 | $211 |
AMFEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.45% |
| 1 year | +23.81% |
| 3 years (annualised) | +17.53% |
| 5 years (annualised) | +10.98% |
AMFEX Annual Returns
Calendar-year total returns of AAMA Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.45% |
| 2025 | +17.35% |
| 2024 | +16.39% |
| 2023 | +17.32% |
| 2022 | −14.13% |
| 2021 | +22.58% |
| 2020 | +18.56% |
AMFEX 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 | +4.4% | +2.4% | −4.1% | +6.5% | +3.4% | −0.4% | — | — | — | — | — | — |
| 2025 | +3.7% | −0.2% | −3.9% | −1.6% | +4.8% | +4.0% | +1.6% | +2.3% | +2.1% | +2.0% | +1.2% | +0.5% |
| 2024 | +0.9% | +4.1% | +3.2% | −3.3% | +3.9% | +1.2% | +1.6% | +1.6% | +2.1% | −0.7% | +5.1% | −4.0% |
| 2023 | +4.5% | −3.0% | +3.8% | +0.6% | −0.9% | +5.8% | +2.6% | −1.5% | −4.3% | −2.0% | +7.3% | +3.8% |
| 2022 | −4.4% | −1.2% | +3.2% | −7.6% | +0.4% | −7.0% | +7.2% | −4.3% | −8.2% | +8.1% | +5.7% | −5.0% |
| 2021 | −1.2% | +2.4% | +4.3% | +4.4% | +0.9% | +1.3% | +2.3% | +1.6% | −5.0% | +5.5% | 0.0% | +4.4% |
| 2020 | 0.0% | −0.1% | −0.1% | +0.1% | 0.0% | 0.0% | +4.4% | +6.0% | −2.9% | −2.4% | +10.1% | +2.6% |
AMFEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.47%
- 3-year Sharpe ratio: 1.24 (vs 4.5% risk-free rate)
- Best month: +7.29% (Nov 2023)
- Worst month: −4.25% (Sep 2023)
AMFEX Fund Flows
Monthly money in and out of AAMA Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$28.6M
- 12-month gross sales (incl. reinvestments): $84.2M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.5M | $6.3M | −$3.8M |
| May 2026 | $2.8M | $6.9M | −$4.0M |
| Apr 2026 | $4.8M | $5.1M | −$347K |
| Mar 2026 | $2.5M | $8.0M | −$5.5M |
| Feb 2026 | $3.0M | $8.7M | −$5.7M |
| Jan 2026 | $3.1M | $9.2M | −$6.1M |
| Dec 2025 | $44.7M | $20.6M | $24.1M |
| Nov 2025 | $2.8M | $7.9M | −$5.1M |
| Oct 2025 | $4.5M | $9.4M | −$5.0M |
| Sep 2025 | $4.4M | $9.9M | −$5.5M |
| Aug 2025 | $4.3M | $9.5M | −$5.2M |
| Jul 2025 | $4.9M | $11.4M | −$6.5M |
AMFEX Assets Under Management
Net assets of AAMA Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $401.58M |
| 2026-03-31 | $373.51M |
| 2025-12-31 | $381.06M |
| 2025-09-30 | $393.21M |
| 2025-06-30 | $387.45M |
| 2025-03-31 | $379.51M |
| 2024-12-31 | $394.86M |
| 2024-09-30 | $404.05M |
| 2024-06-30 | $389.23M |
| 2024-03-31 | $404.46M |
| 2023-12-31 | $409.73M |
| 2023-09-30 | $388.78M |
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.