BFSAX Performance — BFS Equity Fund, Institutional Class Shares
Data updated: 2026-09-28
BFSAX returned +25.87% over one year to May 2024. The annualised 3-year return is +5.92%. Against its US Large Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $119, against $122 for the category, and to $126 over one year, against $123. Volatility over the past three years was 15.03% a year. In the 12 months to May 2026 the fund lost a net $2.5M, and assets reached $62.08M.
BFSAX Growth of $100
What $100 invested in BFS 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 | BFSAX | Category average |
|---|---|---|
| 1 year (Jun 2023 – May 2024) | $126 | $123 |
| 3 years (Jun 2021 – May 2024) | $119 | $122 |
| Since data start (Mar 2020 – May 2024) | $160 | $169 |
BFSAX Trailing Returns
Total returns to May 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +25.87% |
| 3 years (annualised) | +5.92% |
BFSAX Annual Returns
Calendar-year total returns of BFS Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–May) | +11.05% |
| 2023 | +16.83% |
| 2022 | −18.54% |
| 2021 | +24.75% |
| 2020 (Mar–Dec) | +21.41% |
BFSAX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +2.0% | +5.7% | +3.8% | −4.3% | +3.7% | — | — | — | — | — | — | — |
| 2023 | +3.0% | −3.5% | +2.5% | +1.8% | −0.6% | +5.8% | +3.5% | −1.1% | −4.3% | −1.9% | +7.5% | +3.7% |
| 2022 | −8.0% | −2.3% | +1.3% | −7.0% | +0.2% | −5.8% | +6.0% | −3.0% | −6.6% | +6.3% | +3.8% | −3.6% |
| 2021 | −2.1% | +1.6% | +4.5% | +5.8% | +0.8% | +1.0% | +3.4% | +3.7% | −5.0% | +6.7% | −0.7% | +3.1% |
| 2020 | — | — | −0.1% | +0.1% | 0.0% | +0.8% | +7.1% | +6.4% | −2.5% | −2.7% | +8.0% | +3.1% |
BFSAX Risk
Risk measures from monthly returns over Jun 2021 – May 2024.
- 3-year volatility (annualised): 15.03%
- 3-year Sharpe ratio: 0.09 (vs 4.5% risk-free rate)
- Best month: +7.48% (Nov 2023)
- Worst month: −8.01% (Jan 2022)
BFSAX Fund Flows
Monthly money in and out of BFS Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.5M
- 12-month gross sales (incl. reinvestments): $4.8M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $165K | $1.7M | −$1.6M |
| Apr 2026 | $72K | $387K | −$315K |
| Mar 2026 | $63K | $302K | −$239K |
| Feb 2026 | $92K | $573K | −$481K |
| Jan 2026 | $209K | $553K | −$345K |
| Dec 2025 | $3.4M | $1.2M | $2.3M |
| Nov 2025 | $122K | $382K | −$260K |
| Oct 2025 | $131K | $168K | −$38K |
| Sep 2025 | $250K | $396K | −$146K |
| Aug 2025 | $143K | $1.0M | −$891K |
| Jul 2025 | $33K | $172K | −$139K |
| Jun 2025 | $110K | $406K | −$296K |
BFSAX Assets Under Management
Net assets of BFS Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $62.08M |
| 2026-02-28 | $63.28M |
| 2025-11-30 | $64.43M |
| 2025-08-31 | $63.02M |
| 2025-05-31 | $58.34M |
| 2025-02-28 | $61.04M |
| 2024-11-30 | $62.63M |
| 2024-08-31 | $58.81M |
| 2024-05-31 | $55.00M |
| 2024-02-29 | $53.32M |
| 2023-11-30 | $48.30M |
| 2023-08-31 | $48.47M |
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.