FTZIX Performance — FullerThaler Behavioral Unconstrained Equity Fund, Institutional Shares
Data updated: 2026-08-27
FTZIX returned +25.95% year to date and +47.00% over one year to Jun 2026. Annualised returns are +28.01% over 3 years and +15.03% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $210, against $150 for the category, and to $147 over one year, against $122. Volatility over the past three years was 16.22% a year. In the 12 months to Jun 2026 the fund took in a net $536.9M, and assets reached $959.10M.
FTZIX Growth of $100
What $100 invested in FullerThaler Behavioral Unconstrained Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | FTZIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $147 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $210 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $201 | $147 |
| Since data start (Jan 2020 – Jun 2026) | $387 | $195 |
FTZIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.95% |
| 1 year | +47.00% |
| 3 years (annualised) | +28.01% |
| 5 years (annualised) | +15.03% |
FTZIX Annual Returns
Calendar-year total returns of FullerThaler Behavioral Unconstrained Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +25.95% |
| 2025 | +22.64% |
| 2024 | +25.31% |
| 2023 | +27.18% |
| 2022 | −21.31% |
| 2021 | +25.25% |
| 2020 | +59.35% |
FTZIX 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 | +5.0% | +5.3% | −5.8% | +8.2% | +0.9% | +10.7% | — | — | — | — | — | — |
| 2025 | +5.5% | −2.6% | −5.3% | −1.4% | +4.6% | +4.7% | +1.9% | +1.4% | +3.9% | +0.2% | +5.7% | +2.8% |
| 2024 | +0.9% | +8.8% | +4.6% | −4.4% | +2.7% | +2.8% | +3.7% | +2.6% | +0.8% | −1.2% | +8.0% | −5.5% |
| 2023 | +9.3% | −1.3% | +0.3% | −0.7% | +1.2% | +8.0% | +3.6% | −3.0% | −5.7% | −4.3% | +10.1% | +8.5% |
| 2022 | −10.0% | −0.9% | −1.3% | −6.2% | +0.5% | −7.7% | +11.3% | −7.4% | −8.5% | +9.0% | +6.6% | −6.2% |
| 2021 | −1.7% | +10.0% | +3.6% | +2.4% | +1.3% | +3.7% | +1.3% | +1.6% | −5.9% | +6.6% | −2.7% | +3.6% |
| 2020 | 0.0% | −0.1% | −0.2% | +12.9% | +7.5% | +2.1% | +6.0% | +5.3% | −3.0% | −1.4% | +15.5% | +4.6% |
FTZIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.22%
- 3-year Sharpe ratio: 1.45 (vs 4.5% risk-free rate)
- Best month: +10.71% (Jun 2026)
- Worst month: −5.78% (Mar 2026)
FTZIX Fund Flows
Monthly money in and out of FullerThaler Behavioral Unconstrained Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $536.9M
- 12-month gross sales (incl. reinvestments): $893.7M
- Sales ÷ redemptions: 2.51×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $258.3M | $115.5M | $142.9M |
| May 2026 | $138.0M | $53.3M | $84.7M |
| Apr 2026 | $97.6M | $42.0M | $55.6M |
| Mar 2026 | $54.7M | $3.9M | $50.8M |
| Feb 2026 | $85.2M | $12.8M | $72.3M |
| Jan 2026 | $54.0M | $3.0M | $50.9M |
| Dec 2025 | $29.1M | $2.5M | $26.6M |
| Nov 2025 | $45.3M | $25.9M | $19.5M |
| Oct 2025 | $60.7M | $48.4M | $12.3M |
| Sep 2025 | $23.9M | $16.7M | $7.1M |
| Aug 2025 | $27.1M | $16.1M | $11.0M |
| Jul 2025 | $19.9M | $16.6M | $3.3M |
FTZIX Assets Under Management
Net assets of FullerThaler Behavioral Unconstrained Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $959.10M |
| 2026-03-31 | $534.28M |
| 2025-12-31 | $349.70M |
| 2025-09-30 | $265.57M |
| 2025-06-30 | $226.57M |
| 2025-03-31 | $186.81M |
| 2024-12-31 | $133.07M |
| 2024-09-30 | $113.58M |
| 2024-06-30 | $73.16M |
| 2024-03-31 | $67.18M |
| 2023-12-31 | $59.51M |
| 2023-09-30 | $47.17M |
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.