FSNHX Performance — Silk Invest New Horizons Frontier Fund, Institutional Class Shares
Data updated: 2024-05-30
FSNHX returned +2.12% over one year to Mar 2024. The annualised 3-year return is −1.20%. Against its Emerging Markets Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $96, against $91 for the category, and to $102 over one year, against $110. Volatility over the past three years was 15.91% a year. In the 12 months to Mar 2024 the fund took in a net $247K, and assets reached $13.76M.
FSNHX Growth of $100
What $100 invested in Silk Invest New Horizons Frontier Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | FSNHX | Category average |
|---|---|---|
| 1 year (Apr 2023 – Mar 2024) | $102 | $110 |
| 3 years (Apr 2021 – Mar 2024) | $96 | $91 |
| Since data start (Jan 2020 – Mar 2024) | $150 | $110 |
FSNHX Trailing Returns
Total returns to Mar 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.12% |
| 3 years (annualised) | −1.20% |
FSNHX Annual Returns
Calendar-year total returns of Silk Invest New Horizons Frontier Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Mar) | −4.34% |
| 2023 | +1.23% |
| 2022 | −17.59% |
| 2021 | +18.93% |
| 2020 | +58.06% |
FSNHX 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 | −7.8% | −1.5% | +5.3% | — | — | — | — | — | — | — | — | — |
| 2023 | −1.6% | −0.8% | −2.9% | +1.4% | +6.9% | −10.3% | +5.2% | −1.0% | +0.9% | −5.0% | +10.0% | −0.1% |
| 2022 | +0.5% | −0.1% | −4.4% | +1.1% | −4.9% | −6.5% | −2.1% | +4.7% | −7.1% | −6.5% | +5.4% | +1.8% |
| 2021 | +5.5% | −2.9% | −3.9% | +2.8% | +6.0% | +4.4% | −0.4% | +3.2% | −1.5% | +2.8% | +1.7% | +0.5% |
| 2020 | 0.0% | −0.1% | −0.3% | +14.7% | +1.7% | +2.3% | +1.8% | +6.0% | +3.6% | +3.3% | +8.4% | +6.2% |
FSNHX Risk
Risk measures from monthly returns over Apr 2021 – Mar 2024.
- 3-year volatility (annualised): 15.91%
- 3-year Sharpe ratio: -0.36 (vs 4.5% risk-free rate)
- Best month: +10.04% (Nov 2023)
- Worst month: −10.31% (Jun 2023)
FSNHX Fund Flows
Monthly money in and out of Silk Invest New Horizons Frontier Fund, from SEC Form N-PORT.
- 12-month net flow: $247K
- 12-month gross sales (incl. reinvestments): $273K
- Sales ÷ redemptions: 10.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2024 | $5K | $2K | $3K |
| Feb 2024 | $0 | $0 | $0 |
| Jan 2024 | $0 | $0 | $0 |
| Dec 2023 | $268K | $15K | $253K |
| Nov 2023 | $0 | $0 | $0 |
| Oct 2023 | $0 | $8K | −$8K |
| Sep 2023 | $0 | $0 | $0 |
| Aug 2023 | $0 | $0 | $0 |
| Jul 2023 | $0 | $0 | $0 |
| Jun 2023 | $3 | $496 | −$493 |
| May 2023 | $21 | $472 | −$451 |
| Apr 2023 | $0 | $0 | $0 |
FSNHX Assets Under Management
Net assets of Silk Invest New Horizons Frontier Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-03-31 | $13.76M |
| 2023-12-31 | $14.37M |
| 2023-09-30 | $13.78M |
| 2023-06-30 | $13.12M |
| 2023-03-31 | $13.49M |
| 2022-12-31 | $14.22M |
| 2022-09-30 | $15.43M |
| 2022-06-30 | $16.18M |
| 2022-03-31 | $19.41M |
| 2021-12-31 | $20.47M |
| 2021-09-30 | $20.89M |
| 2021-06-30 | $21.74M |
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.