FOVIX Performance — First Trust/Confluence Small Cap Value Fund, Class I
Data updated: 2026-03-25
FOVIX returned +1.52% year to date and −7.67% over one year to Jan 2026. Annualised returns are −1.93% over 3 years and −0.15% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $94, against $131 for the category, and to $92 over one year, against $109. Volatility over the past three years was 17.29% a year. In the 12 months to Jan 2026 the fund lost a net $9.4M, and assets reached $8.02M.
FOVIX Growth of $100
What $100 invested in First Trust/Confluence Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | FOVIX | Category average |
|---|---|---|
| 1 year (Feb 2025 – Jan 2026) | $92 | $109 |
| 3 years (Feb 2023 – Jan 2026) | $94 | $131 |
| 5 years (Feb 2021 – Jan 2026) | $99 | $158 |
| Since data start (Aug 2019 – Jan 2026) | $106 | $187 |
FOVIX Trailing Returns
Total returns to Jan 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.52% |
| 1 year | −7.67% |
| 3 years (annualised) | −1.93% |
| 5 years (annualised) | −0.15% |
FOVIX Annual Returns
Calendar-year total returns of First Trust/Confluence Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jan) | +1.52% |
| 2025 | −6.49% |
| 2024 | +3.79% |
| 2023 | +6.40% |
| 2022 | −19.44% |
| 2021 | +16.43% |
| 2020 | +2.06% |
| 2019 (Aug–Dec) | +6.07% |
FOVIX 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 | +1.5% | — | — | — | — | — | — | — | — | — | — | — |
| 2025 | +2.8% | −3.3% | −4.6% | −4.7% | +2.0% | +1.0% | +0.8% | +4.0% | −4.0% | −3.8% | +4.6% | −0.8% |
| 2024 | −3.1% | +7.0% | +5.1% | −8.7% | +5.8% | −1.5% | +9.5% | −2.5% | −1.4% | −3.5% | +7.6% | −8.5% |
| 2023 | +11.2% | −3.5% | −4.3% | −0.8% | −4.6% | +8.7% | +2.5% | −3.4% | −5.4% | −5.4% | +4.7% | +8.6% |
| 2022 | −6.4% | −2.0% | −0.9% | −7.3% | −0.8% | −4.7% | +7.4% | −3.6% | −11.3% | +10.3% | +5.4% | −5.2% |
| 2021 | −0.9% | +7.5% | +2.9% | +2.9% | −0.2% | +0.5% | −1.5% | +2.9% | −4.5% | +2.7% | −0.9% | +4.6% |
| 2020 | −1.2% | −8.9% | −18.7% | +7.6% | +5.0% | +1.7% | −0.6% | +4.1% | −5.6% | +0.4% | +15.2% | +7.5% |
| 2019 | — | — | — | — | — | — | — | −5.2% | +3.5% | +2.4% | +3.4% | +2.1% |
FOVIX Risk
Risk measures from monthly returns over Feb 2023 – Jan 2026.
- 3-year volatility (annualised): 17.29%
- 3-year Sharpe ratio: -0.37 (vs 4.5% risk-free rate)
- Best month: +9.46% (Jul 2024)
- Worst month: −8.66% (Apr 2024)
FOVIX Fund Flows
Monthly money in and out of First Trust/Confluence Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.4M
- 12-month gross sales (incl. reinvestments): $3.4M
- Sales ÷ redemptions: 0.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2026 | $51K | $2.9M | −$2.9M |
| Dec 2025 | $1.8M | $2.6M | −$754K |
| Nov 2025 | $7K | $700K | −$693K |
| Oct 2025 | $7K | $222K | −$215K |
| Sep 2025 | $23K | $398K | −$375K |
| Aug 2025 | $11K | $503K | −$491K |
| Jul 2025 | $68K | $260K | −$192K |
| Jun 2025 | $15K | $427K | −$413K |
| May 2025 | $98K | $3.0M | −$2.9M |
| Apr 2025 | $55K | $793K | −$738K |
| Mar 2025 | $1.1M | $754K | $317K |
| Feb 2025 | $128K | $172K | −$44K |
FOVIX Assets Under Management
Net assets of First Trust/Confluence Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-01-30 | $8.02M |
| 2025-10-31 | $13.36M |
| 2025-07-31 | $14.99M |
| 2025-04-30 | $17.76M |
| 2025-01-31 | $20.74M |
| 2024-10-31 | $21.69M |
| 2024-07-31 | $24.28M |
| 2024-04-30 | $21.78M |
| 2024-01-31 | $22.06M |
| 2023-10-31 | $20.85M |
| 2023-07-31 | $26.61M |
| 2023-04-30 | $26.33M |
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.