DFMIX Performance — Davidson Multi-Cap Equity Fund, Class I
Data updated: 2026-09-11
DFMIX returned +5.09% year to date and +11.36% over one year to Jun 2026. Annualised returns are +13.45% over 3 years and +9.18% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $146, against $157 for the category, and to $111 over one year, against $118. Volatility over the past three years was 11.66% a year. In the 12 months to Jun 2026 the fund lost a net $20.9M, and assets reached $130.67M.
DFMIX Growth of $100
What $100 invested in Davidson Multi-Cap 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 | DFMIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $111 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $146 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $155 | $161 |
| Since data start (Jan 2020 – Jun 2026) | $224 | $211 |
DFMIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.09% |
| 1 year | +11.36% |
| 3 years (annualised) | +13.45% |
| 5 years (annualised) | +9.18% |
DFMIX Annual Returns
Calendar-year total returns of Davidson Multi-Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.09% |
| 2025 | +11.89% |
| 2024 | +17.58% |
| 2023 | +17.78% |
| 2022 | −12.95% |
| 2021 | +29.10% |
| 2020 | +22.31% |
DFMIX 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 | +1.4% | +0.9% | −4.9% | +8.5% | +1.1% | −1.4% | — | — | — | — | — | — |
| 2025 | +4.1% | −2.0% | −6.0% | −0.7% | +5.2% | +5.3% | +1.3% | +1.1% | +2.1% | +1.3% | +0.3% | −0.3% |
| 2024 | +1.1% | +4.1% | +4.0% | −4.2% | +3.0% | +1.6% | +0.9% | +2.8% | +1.3% | −1.7% | +6.2% | −2.4% |
| 2023 | +7.4% | −2.4% | +1.3% | +0.8% | −2.1% | +6.4% | +2.6% | −2.2% | −3.9% | −2.1% | +6.6% | +4.9% |
| 2022 | −4.7% | −1.3% | +3.1% | −7.4% | +0.8% | −6.9% | +9.3% | −4.3% | −8.3% | +8.0% | +5.2% | −5.1% |
| 2021 | −0.4% | +3.4% | +5.0% | +5.3% | +2.1% | +1.6% | +2.4% | +2.2% | −5.3% | +6.6% | −1.7% | +5.4% |
| 2020 | −0.9% | −6.9% | −13.1% | +13.2% | +5.6% | +1.9% | +5.1% | +5.0% | −3.3% | −0.4% | +12.2% | +5.0% |
DFMIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.66%
- 3-year Sharpe ratio: 0.77 (vs 4.5% risk-free rate)
- Best month: +8.46% (Apr 2026)
- Worst month: −5.98% (Mar 2025)
DFMIX Fund Flows
Monthly money in and out of Davidson Multi-Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$20.9M
- 12-month gross sales (incl. reinvestments): $16.3M
- Sales ÷ redemptions: 0.44×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $260K | $1.2M | −$950K |
| May 2026 | $577K | $3.6M | −$3.1M |
| Apr 2026 | $533K | $2.1M | −$1.6M |
| Mar 2026 | $1.1M | $2.3M | −$1.1M |
| Feb 2026 | $617K | $5.0M | −$4.4M |
| Jan 2026 | $581K | $2.6M | −$2.0M |
| Dec 2025 | $10.0M | $5.0M | $5.0M |
| Nov 2025 | $221K | $5.0M | −$4.8M |
| Oct 2025 | $753K | $3.7M | −$2.9M |
| Sep 2025 | $205K | $3.3M | −$3.1M |
| Aug 2025 | $903K | $1.9M | −$995K |
| Jul 2025 | $573K | $1.5M | −$945K |
DFMIX Assets Under Management
Net assets of Davidson Multi-Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $130.67M |
| 2026-03-31 | $126.23M |
| 2025-12-31 | $137.25M |
| 2025-09-30 | $147.94M |
| 2025-06-30 | $146.49M |
| 2025-03-31 | $135.80M |
| 2024-12-31 | $142.95M |
| 2024-09-30 | $141.82M |
| 2024-06-30 | $136.99M |
| 2024-03-31 | $129.89M |
| 2023-12-31 | $117.95M |
| 2023-09-30 | $110.42M |
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.