DIVHX Performance — Cutler Equity Fund
Data updated: 2026-09-11
DIVHX returned +10.22% year to date and +16.77% over one year to Jun 2026. Annualised returns are +14.36% over 3 years and +9.56% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $150, against $157 for the category, and to $117 over one year, against $118. Volatility over the past three years was 11.71% a year. In the 12 months to Jun 2026 the fund lost a net $2.1M, and assets reached $221.95M.
DIVHX Growth of $100
What $100 invested in Cutler 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 | DIVHX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $117 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $150 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $158 | $161 |
| Since data start (Oct 2020 – Jun 2026) | $204 | $202 |
DIVHX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.22% |
| 1 year | +16.77% |
| 3 years (annualised) | +14.36% |
| 5 years (annualised) | +9.56% |
DIVHX Annual Returns
Calendar-year total returns of Cutler Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.22% |
| 2025 | +14.36% |
| 2024 | +12.51% |
| 2023 | +7.15% |
| 2022 | −3.30% |
| 2021 | +24.72% |
| 2020 (Oct–Dec) | +11.19% |
DIVHX 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 | +6.2% | +3.8% | −4.5% | +3.3% | −0.7% | +2.2% | — | — | — | — | — | — |
| 2025 | +4.7% | +0.4% | −2.4% | −2.6% | +4.1% | +3.8% | +1.6% | +1.8% | +1.2% | −0.3% | +1.9% | −0.4% |
| 2024 | +0.7% | +2.8% | +4.9% | −4.0% | +2.1% | −0.6% | +3.2% | +3.3% | +3.2% | −2.2% | +5.7% | −6.5% |
| 2023 | +1.7% | −3.1% | 0.0% | +1.3% | −4.7% | +6.9% | +3.6% | −3.0% | −4.0% | −2.8% | +6.3% | +5.7% |
| 2022 | −1.6% | −2.5% | +4.5% | −5.8% | +1.4% | −7.7% | +5.5% | −2.4% | −7.1% | +10.5% | +6.8% | −3.0% |
| 2021 | 0.0% | +3.9% | +6.8% | +2.8% | +2.4% | −0.6% | +0.9% | +2.5% | −3.9% | +5.5% | −2.1% | +4.8% |
| 2020 | — | — | — | — | — | — | — | — | — | −1.5% | +10.4% | +2.3% |
DIVHX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.71%
- 3-year Sharpe ratio: 0.84 (vs 4.5% risk-free rate)
- Best month: +6.33% (Nov 2023)
- Worst month: −6.50% (Dec 2024)
DIVHX Fund Flows
Monthly money in and out of Cutler Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.1M
- 12-month gross sales (incl. reinvestments): $20.1M
- Sales ÷ redemptions: 0.91×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $705K | $1.5M | −$840K |
| May 2026 | $815K | $940K | −$125K |
| Apr 2026 | $1.5M | $1.2M | $230K |
| Mar 2026 | $640K | $1.4M | −$795K |
| Feb 2026 | $529K | $1.1M | −$546K |
| Jan 2026 | $820K | $1.4M | −$561K |
| Dec 2025 | $10.3M | $7.5M | $2.8M |
| Nov 2025 | $486K | $1.2M | −$686K |
| Oct 2025 | $1.3M | $2.6M | −$1.3M |
| Sep 2025 | $816K | $1.2M | −$414K |
| Aug 2025 | $819K | $1.1M | −$265K |
| Jul 2025 | $1.4M | $1.0M | $416K |
DIVHX Assets Under Management
Net assets of Cutler Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $221.95M |
| 2026-03-31 | $213.18M |
| 2025-12-31 | $205.04M |
| 2025-09-30 | $210.92M |
| 2025-06-30 | $202.36M |
| 2025-03-31 | $192.23M |
| 2024-12-31 | $195.37M |
| 2024-09-30 | $207.81M |
| 2024-06-30 | $192.80M |
| 2024-03-31 | $199.85M |
| 2023-12-31 | $184.85M |
| 2023-09-30 | $174.91M |
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.