CDAZX Performance — Multi-Manager Directional Alternative Strategies Fund, Institutional Class
Data updated: 2026-09-28
CDAZX returned +7.70% year to date and +21.74% over one year to Jul 2026. Annualised returns are +17.14% over 3 years and +11.75% over 5 years. The fund beat its Global Mid-Cap Blend category average: $100 invested three years ago grew to $161, against $142 for the category, and to $122 over one year, against $118. Volatility over the past three years was 8.94% a year. In the 12 months to Jul 2026 the fund took in a net $34.9M, and assets reached $327.92M.
CDAZX Growth of $100
What $100 invested in Multi-Manager Directional Alternative Strategies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Blend category average over the same months.
| Period | CDAZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $122 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $161 | $142 |
| 5 years (Aug 2021 – Jul 2026) | $174 | $150 |
| Since data start (Aug 2019 – Jul 2026) | $189 | $196 |
CDAZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.70% |
| 1 year | +21.74% |
| 3 years (annualised) | +17.14% |
| 5 years (annualised) | +11.75% |
CDAZX Annual Returns
Calendar-year total returns of Multi-Manager Directional Alternative Strategies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.70% |
| 2025 | +19.31% |
| 2024 | +19.88% |
| 2023 | +3.90% |
| 2022 | +1.34% |
| 2021 | +21.60% |
| 2020 | −6.39% |
| 2019 (Aug–Dec) | +2.27% |
CDAZX 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 | +2.1% | −0.7% | −4.0% | +4.5% | +5.1% | +3.4% | −2.5% | — | — | — | — | — |
| 2025 | +2.4% | −0.1% | −3.9% | +0.4% | +3.7% | +2.4% | +0.7% | +1.7% | +2.9% | +3.4% | +5.6% | −1.1% |
| 2024 | +1.6% | +2.3% | +3.4% | −2.5% | +3.0% | +0.1% | +0.3% | +2.3% | +1.1% | +2.9% | +6.3% | −2.2% |
| 2023 | −0.4% | −2.9% | +0.6% | −0.3% | −1.4% | +3.2% | +0.9% | +0.3% | −1.4% | −0.9% | +4.0% | +2.3% |
| 2022 | +3.8% | −0.5% | +0.1% | −1.6% | +2.2% | −4.0% | −0.1% | −1.5% | −4.2% | +4.2% | +3.5% | −0.2% |
| 2021 | −0.5% | +3.0% | +6.0% | +3.1% | +3.3% | −2.7% | +0.4% | +0.7% | −1.5% | +2.2% | −0.3% | +6.3% |
| 2020 | −2.0% | −5.8% | −8.2% | +2.7% | −0.5% | +1.0% | +2.5% | +2.4% | −1.6% | −1.9% | +3.4% | +2.1% |
| 2019 | — | — | — | — | — | — | — | −1.9% | +1.4% | +0.6% | +1.0% | +1.2% |
CDAZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.94%
- 3-year Sharpe ratio: 1.41 (vs 4.5% risk-free rate)
- Best month: +6.27% (Nov 2024)
- Worst month: −4.01% (Mar 2026)
CDAZX Fund Flows
Monthly money in and out of Multi-Manager Directional Alternative Strategies Fund, from SEC Form N-PORT.
- 12-month net flow: $34.9M
- 12-month gross sales (incl. reinvestments): $117.4M
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.2M | $5.6M | −$3.4M |
| Jun 2026 | $2.7M | $5.1M | −$2.5M |
| May 2026 | $3.5M | $5.9M | −$2.4M |
| Apr 2026 | $2.8M | $5.2M | −$2.3M |
| Mar 2026 | $3.4M | $5.0M | −$1.5M |
| Feb 2026 | $32.7M | $3.8M | $28.8M |
| Jan 2026 | $2.4M | $4.1M | −$1.7M |
| Dec 2025 | $57.5M | $5.3M | $52.2M |
| Nov 2025 | $2.1M | $27.2M | −$25.1M |
| Oct 2025 | $2.8M | $4.9M | −$2.1M |
| Sep 2025 | $2.3M | $5.5M | −$3.2M |
| Aug 2025 | $3.1M | $4.9M | −$1.9M |
CDAZX Assets Under Management
Net assets of Multi-Manager Directional Alternative Strategies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $327.92M |
| 2026-04-30 | $317.33M |
| 2026-01-31 | $293.56M |
| 2025-10-31 | $303.88M |
| 2025-07-31 | $287.70M |
| 2025-04-30 | $265.01M |
| 2025-01-31 | $278.90M |
| 2024-10-31 | $286.64M |
| 2024-07-31 | $274.08M |
| 2024-04-30 | $272.65M |
| 2024-01-31 | $269.68M |
| 2023-10-31 | $258.00M |
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.