GAVIX Performance — KL Allocation Fund, Institutional Class
Data updated: 2024-04-29
GAVIX returned +7.47% over one year to Feb 2024. The annualised 3-year return is −3.00%. The fund trailed its Alternative category average: $100 invested three years ago grew to $91, against $108 for the category, and to $107 over one year, against $115. Volatility over the past three years was 9.35% a year. In the 12 months to Feb 2024 the fund took in a net $100.9M, and assets reached $25.08M.
GAVIX Growth of $100
What $100 invested in KL Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | GAVIX | Category average |
|---|---|---|
| 1 year (Mar 2023 – Feb 2024) | $107 | $115 |
| 3 years (Mar 2021 – Feb 2024) | $91 | $108 |
| Since data start (Mar 2020 – Feb 2024) | $106 | $123 |
GAVIX Trailing Returns
Total returns to Feb 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.47% |
| 3 years (annualised) | −3.00% |
GAVIX Annual Returns
Calendar-year total returns of KL Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Feb) | +4.16% |
| 2023 | +5.71% |
| 2022 | −18.91% |
| 2021 | −0.34% |
| 2020 (Mar–Dec) | +19.24% |
GAVIX 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 | +0.7% | +3.4% | — | — | — | — | — | — | — | — | — | — |
| 2023 | +4.3% | −1.7% | +2.9% | +0.1% | −1.4% | +1.4% | +0.9% | −1.4% | −3.2% | −2.2% | +4.1% | +2.1% |
| 2022 | −6.7% | −1.5% | −0.2% | −4.5% | −1.1% | −3.6% | +0.7% | −2.9% | −3.3% | +2.5% | +3.9% | −3.6% |
| 2021 | −1.4% | −1.1% | −0.6% | +2.2% | +1.8% | −1.7% | 0.0% | −0.8% | −2.7% | +2.3% | −1.2% | +3.1% |
| 2020 | — | — | −0.1% | +5.3% | +3.6% | +0.7% | +3.4% | +1.0% | −0.9% | −1.0% | +2.9% | +3.0% |
GAVIX Risk
Risk measures from monthly returns over Mar 2021 – Feb 2024.
- 3-year volatility (annualised): 9.35%
- 3-year Sharpe ratio: -0.80 (vs 4.5% risk-free rate)
- Best month: +4.28% (Jan 2023)
- Worst month: −6.72% (Jan 2022)
GAVIX Fund Flows
Monthly money in and out of KL Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: $100.9M
- 12-month gross sales (incl. reinvestments): $39.9M
- Sales ÷ redemptions: -0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Feb 2024 | $12K | −$960K | $972K |
| Jan 2024 | $15K | −$1.3M | $1.3M |
| Dec 2023 | $39.6M | −$41.7M | $81.3M |
| Nov 2023 | $4K | −$5.4M | $5.4M |
| Oct 2023 | $38K | −$1.7M | $1.7M |
| Sep 2023 | $44K | −$1.6M | $1.7M |
| Aug 2023 | $50K | −$1.8M | $1.8M |
| Jul 2023 | $50K | −$1.2M | $1.3M |
| Jun 2023 | $17K | −$1.7M | $1.7M |
| May 2023 | $15K | −$1.5M | $1.5M |
| Apr 2023 | $13K | −$1.0M | $1.0M |
| Mar 2023 | $24K | −$1.2M | $1.2M |
GAVIX Assets Under Management
Net assets of KL Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-02-29 | $25.08M |
| 2023-11-30 | $28.52M |
| 2023-08-31 | $37.81M |
| 2023-05-31 | $42.00M |
| 2023-02-28 | $44.91M |
| 2022-11-30 | $51.09M |
| 2022-08-31 | $57.95M |
| 2022-05-31 | $97.49M |
| 2022-02-28 | $120.80M |
| 2021-11-30 | $153.86M |
| 2021-08-31 | $188.50M |
| 2021-05-31 | $206.42M |
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.