CCMNX Performance — Ccm Alternative Income Fund, Institutional Class
Data updated: 2023-08-11
CCMNX returned −6.50% over one year to May 2023. The annualised 3-year return is +7.12%. Against its Conservative Allocation category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $123, against $109 for the category, and to $94 over one year, against $99. Volatility over the past three years was 7.96% a year. In the 12 months to May 2023 the fund took in a net $24.9M, and assets reached $12.46M.
CCMNX Growth of $100
What $100 invested in Ccm Alternative Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Conservative Allocation category average over the same months.
| Period | CCMNX | Category average |
|---|---|---|
| 1 year (Jun 2022 – May 2023) | $94 | $99 |
| 3 years (Jun 2020 – May 2023) | $123 | $109 |
| Since data start (Sep 2019 – May 2023) | $99 | $107 |
CCMNX Trailing Returns
Total returns to May 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −6.50% |
| 3 years (annualised) | +7.12% |
CCMNX Annual Returns
Calendar-year total returns of Ccm Alternative Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–May) | −3.05% |
| 2022 | −0.47% |
| 2021 | +13.59% |
| 2020 | −7.36% |
| 2019 (Sep–Dec) | −2.16% |
CCMNX 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 | +3.4% | −0.9% | −1.3% | −0.1% | −4.1% | — | — | — | — | — | — | — |
| 2022 | −1.0% | +3.0% | +0.9% | −1.8% | +2.2% | −1.0% | +2.5% | −3.6% | +2.0% | +1.5% | −3.5% | −1.4% |
| 2021 | +1.0% | +3.1% | +0.4% | +2.1% | +4.1% | +1.0% | +0.8% | +0.2% | −1.2% | +3.3% | −1.5% | −0.4% |
| 2020 | −0.5% | +0.9% | +0.7% | +8.2% | −24.5% | +0.9% | +2.3% | +0.2% | +5.9% | +1.9% | −2.3% | +2.9% |
| 2019 | — | — | — | — | — | — | — | — | +0.7% | −0.1% | +0.5% | −3.2% |
CCMNX Risk
Risk measures from monthly returns over Jun 2020 – May 2023.
- 3-year volatility (annualised): 7.96%
- 3-year Sharpe ratio: 0.33 (vs 4.5% risk-free rate)
- Best month: +5.88% (Sep 2020)
- Worst month: −4.13% (May 2023)
CCMNX Fund Flows
Monthly money in and out of Ccm Alternative Income Fund, from SEC Form N-PORT.
- 12-month net flow: $24.9M
- 12-month gross sales (incl. reinvestments): $7.0M
- Sales ÷ redemptions: -0.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2023 | $155K | −$328K | $483K |
| Apr 2023 | $207K | −$791K | $998K |
| Mar 2023 | $55K | −$8.8M | $8.9M |
| Feb 2023 | $1.1M | −$2.3M | $3.4M |
| Jan 2023 | $591K | −$288K | $880K |
| Dec 2022 | $716K | −$403K | $1.1M |
| Nov 2022 | $172K | −$1.3M | $1.5M |
| Oct 2022 | $742K | −$1.2M | $1.9M |
| Sep 2022 | $165K | −$195K | $360K |
| Aug 2022 | $1.8M | −$1.8M | $3.6M |
| Jul 2022 | $552K | −$191K | $743K |
| Jun 2022 | $693K | −$315K | $1.0M |
CCMNX Assets Under Management
Net assets of Ccm Alternative Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-05-31 | $12.46M |
| 2023-02-28 | $23.34M |
| 2022-11-30 | $23.97M |
| 2022-08-31 | $25.69M |
| 2022-05-31 | $26.21M |
| 2022-02-28 | $25.82M |
| 2021-11-30 | $25.34M |
| 2021-08-31 | $23.88M |
| 2021-05-31 | $23.19M |
| 2021-02-28 | $23.35M |
| 2020-11-30 | $24.17M |
| 2020-08-31 | $25.76M |
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.