DIVPX Performance — Mai Managed Volatility Fund, Investor Class
Data updated: 2026-07-30
DIVPX returned +5.97% year to date and +14.22% over one year to May 2026. Annualised returns are +10.11% over 3 years and +7.34% over 5 years. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $134, against $176 for the category, and to $114 over one year, against $113. Volatility over the past three years was 4.83% a year. In the 12 months to May 2026 the fund lost a net $9.1M, and assets reached $227.94M.
DIVPX Growth of $100
What $100 invested in Mai Managed Volatility Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | DIVPX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $114 | $113 |
| 3 years (Jun 2023 – May 2026) | $134 | $176 |
| 5 years (Jun 2021 – May 2026) | $142 | $161 |
| Since data start (Mar 2020 – May 2026) | $167 | $191 |
DIVPX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.97% |
| 1 year | +14.22% |
| 3 years (annualised) | +10.11% |
| 5 years (annualised) | +7.34% |
DIVPX Annual Returns
Calendar-year total returns of Mai Managed Volatility Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.97% |
| 2025 | +9.95% |
| 2024 | +8.36% |
| 2023 | +10.29% |
| 2022 | −3.82% |
| 2021 | +12.62% |
| 2020 (Mar–Dec) | +10.68% |
DIVPX 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 | −0.2% | −0.1% | −0.7% | +5.1% | +1.9% | — | — | — | — | — | — | — |
| 2025 | +1.7% | +0.1% | −2.5% | −1.1% | +3.9% | +2.5% | +1.2% | +0.7% | +1.6% | +1.0% | +0.3% | +0.2% |
| 2024 | +0.8% | +0.5% | +0.7% | −0.8% | +1.5% | +0.8% | +0.7% | +1.2% | +1.2% | −0.1% | +1.6% | 0.0% |
| 2023 | +2.0% | −0.8% | +1.8% | +1.2% | +0.1% | +0.9% | +0.8% | +0.2% | −0.8% | +0.3% | +3.0% | +1.3% |
| 2022 | −1.4% | −1.4% | +1.7% | −4.4% | +1.2% | −4.6% | +5.0% | −1.2% | −5.2% | +5.4% | +3.0% | −1.3% |
| 2021 | −0.6% | +1.5% | +2.9% | +0.9% | +1.2% | +0.6% | +1.1% | +0.8% | −1.2% | +3.0% | −0.1% | +2.1% |
| 2020 | — | — | −9.3% | +8.3% | +2.3% | +1.2% | +1.9% | +1.1% | +0.6% | −1.0% | +4.8% | +1.2% |
DIVPX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.83%
- 3-year Sharpe ratio: 1.16 (vs 4.5% risk-free rate)
- Best month: +5.11% (Apr 2026)
- Worst month: −2.50% (Mar 2025)
DIVPX Fund Flows
Monthly money in and out of Mai Managed Volatility Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.1M
- 12-month gross sales (incl. reinvestments): $25.6M
- Sales ÷ redemptions: 0.74×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.8M | $2.6M | −$782K |
| Apr 2026 | $1.9M | $2.7M | −$882K |
| Mar 2026 | $2.4M | $2.3M | $78K |
| Feb 2026 | $2.2M | $2.3M | −$91K |
| Jan 2026 | $2.0M | $2.0M | −$45K |
| Dec 2025 | $3.2M | $2.6M | $657K |
| Nov 2025 | $2.2M | $11.1M | −$9.0M |
| Oct 2025 | $2.4M | $2.4M | $80K |
| Sep 2025 | $3.0M | $1.8M | $1.1M |
| Aug 2025 | $1.3M | $2.3M | −$1.0M |
| Jul 2025 | $1.5M | $956K | $500K |
| Jun 2025 | $1.9M | $1.6M | $229K |
DIVPX Assets Under Management
Net assets of Mai Managed Volatility Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $227.94M |
| 2026-02-28 | $216.40M |
| 2025-11-30 | $216.58M |
| 2025-08-31 | $218.36M |
| 2025-05-31 | $210.01M |
| 2025-02-28 | $214.09M |
| 2024-11-30 | $239.67M |
| 2024-08-31 | $245.13M |
| 2024-05-31 | $245.70M |
| 2024-02-29 | $246.50M |
| 2023-11-30 | $251.12M |
| 2023-08-31 | $247.86M |
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.