GAKIX Performance — AXS Merger Fund, Class I
Data updated: 2024-12-12
GAKIX returned +4.19% over one year to Sep 2024. The annualised 3-year return is +4.29%. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $113, against $128 for the category, and to $104 over one year, against $128. Volatility over the past three years was 2.42% a year. In the 12 months to Sep 2024 the fund lost a net $8.9M, and assets reached $16.14M.
GAKIX Growth of $100
What $100 invested in AXS Merger 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 | GAKIX | Category average |
|---|---|---|
| 1 year (Oct 2023 – Sep 2024) | $104 | $128 |
| 3 years (Oct 2021 – Sep 2024) | $113 | $128 |
| Since data start (Jan 2021 – Sep 2024) | $113 | $145 |
GAKIX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.19% |
| 3 years (annualised) | +4.29% |
GAKIX Annual Returns
Calendar-year total returns of AXS Merger Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Sep) | +2.20% |
| 2023 | +6.84% |
| 2022 | +3.99% |
| 2021 | −0.29% |
GAKIX 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 | +0.5% | +0.2% | +0.7% | −1.0% | −0.1% | −0.1% | +1.4% | +0.3% | +0.3% | — | — | — |
| 2023 | +0.3% | 0.0% | +0.9% | 0.0% | −0.9% | +1.1% | +1.3% | +1.3% | +0.8% | −0.3% | +1.4% | +0.8% |
| 2022 | +1.6% | 0.0% | +0.6% | −0.6% | −0.3% | −0.6% | +0.8% | +0.3% | −0.1% | +1.4% | +0.5% | +0.3% |
| 2021 | −0.2% | 0.0% | +0.4% | +1.2% | +0.5% | −0.8% | −2.1% | −0.2% | +1.0% | −0.8% | −0.1% | +0.8% |
GAKIX Risk
Risk measures from monthly returns over Oct 2021 – Sep 2024.
- 3-year volatility (annualised): 2.42%
- 3-year Sharpe ratio: -0.09 (vs 4.5% risk-free rate)
- Best month: +1.62% (Jan 2022)
- Worst month: −0.99% (Apr 2024)
GAKIX Fund Flows
Monthly money in and out of AXS Merger Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.9M
- 12-month gross sales (incl. reinvestments): $1.9M
- Sales ÷ redemptions: 0.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2024 | $2K | $41K | −$39K |
| Aug 2024 | $18K | $22K | −$4K |
| Jul 2024 | $3K | $51K | −$48K |
| Jun 2024 | $43K | $151K | −$108K |
| May 2024 | $9K | $771K | −$762K |
| Apr 2024 | $14K | $5.1M | −$5.1M |
| Mar 2024 | $7K | $490K | −$483K |
| Feb 2024 | $4K | $1.9M | −$1.9M |
| Jan 2024 | $50K | $6.3M | −$6.2M |
| Dec 2023 | $1.8M | −$457K | $2.2M |
| Nov 2023 | $3K | −$3.5M | $3.5M |
| Oct 2023 | $8K | −$71K | $79K |
GAKIX Assets Under Management
Net assets of AXS Merger Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-09-30 | $16.14M |
| 2024-06-30 | $15.92M |
| 2024-03-31 | $22.12M |
| 2023-12-31 | $30.30M |
| 2023-09-30 | $33.72M |
| 2023-06-30 | $34.57M |
| 2023-03-31 | $38.88M |
| 2022-12-31 | $43.54M |
| 2022-09-30 | $57.36M |
| 2022-06-30 | $62.36M |
| 2022-03-31 | $62.07M |
| 2021-12-31 | $68.62M |
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.