APPIX Performance — Appleseed Fund, Institutional Class
Data updated: 2026-02-25
APPIX returned −0.72% over one year to Dec 2025. Annualised returns are −10.56% over 3 years and −15.53% over 5 years. The fund trailed its Alternative category average: $100 invested three years ago grew to $72, against $175 for the category, and to $99 over one year, against $111. Volatility over the past three years was 11.92% a year. In the 12 months to Dec 2025 the fund lost a net $7.4M, and assets reached $51.31M.
APPIX Growth of $100
What $100 invested in Appleseed Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | APPIX | Category average |
|---|---|---|
| 1 year (Jan 2025 – Dec 2025) | $99 | $111 |
| 3 years (Jan 2023 – Dec 2025) | $72 | $175 |
| 5 years (Jan 2021 – Dec 2025) | $43 | $163 |
| Since data start (Jan 2020 – Dec 2025) | $58 | $177 |
APPIX Trailing Returns
Total returns to Dec 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −0.72% |
| 3 years (annualised) | −10.56% |
| 5 years (annualised) | −15.53% |
APPIX Annual Returns
Calendar-year total returns of Appleseed Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 | −0.72% |
| 2024 | −16.27% |
| 2023 | −13.93% |
| 2022 | −36.73% |
| 2021 | −5.02% |
| 2020 | +34.55% |
APPIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.6% | −0.9% | −3.2% | −3.3% | +2.3% | +2.7% | −2.5% | +4.0% | −0.4% | −2.1% | −0.8% | +2.3% |
| 2024 | −3.0% | −0.9% | +2.2% | −6.5% | +2.4% | −3.9% | +3.2% | −3.1% | −1.1% | −3.9% | +2.6% | −5.0% |
| 2023 | +3.6% | −4.1% | −3.7% | −2.9% | −7.2% | +1.9% | +2.1% | −4.1% | −5.5% | −3.9% | +3.6% | +6.3% |
| 2022 | −6.3% | −7.4% | −0.7% | −6.7% | −2.8% | −9.6% | 0.0% | −2.4% | −6.2% | +2.2% | −1.6% | −3.0% |
| 2021 | −0.8% | +4.7% | +3.7% | +2.4% | −0.2% | −3.6% | −7.4% | −0.4% | −2.4% | +2.2% | −4.2% | +1.6% |
| 2020 | −0.1% | −0.1% | −0.2% | +10.5% | +1.8% | +0.8% | +0.6% | +2.7% | −3.8% | −0.7% | +12.8% | +7.1% |
APPIX Risk
Risk measures from monthly returns over Jan 2023 – Dec 2025.
- 3-year volatility (annualised): 11.92%
- 3-year Sharpe ratio: -1.26 (vs 4.5% risk-free rate)
- Best month: +6.27% (Dec 2023)
- Worst month: −7.24% (May 2023)
APPIX Fund Flows
Monthly money in and out of Appleseed Fund, from SEC Form N-PORT.
- 12-month net flow: −$7.4M
- 12-month gross sales (incl. reinvestments): $11.5M
- Sales ÷ redemptions: 0.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2025 | $10.0M | $3.4M | $6.6M |
| Nov 2025 | $40K | $702K | −$662K |
| Oct 2025 | $49K | $1.3M | −$1.2M |
| Sep 2025 | $87K | $885K | −$798K |
| Aug 2025 | $62K | $764K | −$703K |
| Jul 2025 | $360K | $1.2M | −$849K |
| Jun 2025 | $103K | $2.7M | −$2.6M |
| May 2025 | $67K | $992K | −$925K |
| Apr 2025 | $183K | $2.2M | −$2.0M |
| Mar 2025 | $124K | $1.5M | −$1.4M |
| Feb 2025 | $77K | $1.1M | −$976K |
| Jan 2025 | $302K | $2.2M | −$1.9M |
APPIX Assets Under Management
Net assets of Appleseed Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-12-31 | $51.31M |
| 2025-09-30 | $54.13M |
| 2025-06-30 | $52.71M |
| 2025-03-31 | $54.36M |
| 2024-12-31 | $56.59M |
| 2024-09-30 | $63.37M |
| 2024-06-30 | $62.71M |
| 2024-03-31 | $73.01M |
| 2023-12-31 | $74.38M |
| 2023-09-30 | $70.52M |
| 2023-06-30 | $74.21M |
| 2023-03-31 | $80.37M |
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.