COGIX Performance — AXS Market Neutral Fund, Class I
Data updated: 2025-02-25
COGIX returned +7.65% over one year to Dec 2024. The annualised 3-year return is +5.85%. Against its Market Neutral category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $119, against $113 for the category, and to $108 over one year, against $111. Volatility over the past three years was 7.38% a year. In the 12 months to Dec 2024 the fund lost a net $9.8M, and assets reached $9.25M.
COGIX Growth of $100
What $100 invested in AXS Market Neutral Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Market Neutral category average over the same months.
| Period | COGIX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $108 | $111 |
| 3 years (Jan 2022 – Dec 2024) | $119 | $113 |
| Since data start (Jan 2021 – Dec 2024) | $132 | $128 |
COGIX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.65% |
| 3 years (annualised) | +5.85% |
COGIX Annual Returns
Calendar-year total returns of AXS Market Neutral Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +7.65% |
| 2023 | −0.28% |
| 2022 | +10.47% |
| 2021 | +11.24% |
COGIX 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 | +4.2% | −0.3% | +0.9% | −0.6% | +0.5% | +0.6% | +2.1% | +4.4% | −0.2% | −3.1% | −0.3% | −0.4% |
| 2023 | −3.7% | −0.6% | +1.6% | +3.1% | −1.6% | −0.7% | −0.7% | +0.8% | +2.4% | +2.3% | −0.9% | −2.1% |
| 2022 | +0.4% | +0.7% | +1.8% | +1.6% | −0.2% | +3.9% | −2.9% | −0.5% | +1.1% | +6.0% | −0.7% | −0.8% |
| 2021 | +0.6% | −5.1% | +4.4% | −0.3% | +1.5% | +2.3% | −0.4% | +0.3% | −1.2% | +1.3% | +1.0% | +6.7% |
COGIX Risk
Risk measures from monthly returns over Jan 2022 – Dec 2024.
- 3-year volatility (annualised): 7.38%
- 3-year Sharpe ratio: 0.18 (vs 4.5% risk-free rate)
- Best month: +5.97% (Oct 2022)
- Worst month: −3.68% (Jan 2023)
COGIX Fund Flows
Monthly money in and out of AXS Market Neutral Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.8M
- 12-month gross sales (incl. reinvestments): $5.6M
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $484K | $313K | $170K |
| Nov 2024 | $256K | $845K | −$589K |
| Oct 2024 | $455K | $5.3M | −$4.8M |
| Sep 2024 | $443K | $3.8M | −$3.4M |
| Aug 2024 | $526K | $263K | $263K |
| Jul 2024 | $495K | $272K | $223K |
| Jun 2024 | $281K | $760K | −$479K |
| May 2024 | $272K | $390K | −$118K |
| Apr 2024 | $1.1M | $419K | $711K |
| Mar 2024 | $510K | $899K | −$389K |
| Feb 2024 | $204K | $1.4M | −$1.2M |
| Jan 2024 | $521K | $736K | −$215K |
COGIX Assets Under Management
Net assets of AXS Market Neutral Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $9.25M |
| 2024-09-30 | $15.33M |
| 2024-06-30 | $17.12M |
| 2024-03-31 | $16.93M |
| 2023-12-31 | $17.91M |
| 2023-09-30 | $18.68M |
| 2023-06-30 | $19.15M |
| 2023-03-31 | $20.91M |
| 2022-12-31 | $31.48M |
| 2022-09-30 | $21.08M |
| 2022-06-30 | $18.79M |
| 2022-03-31 | $11.14M |
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.