LONAX Performance — Longboard Fund, Class A
Data updated: 2026-09-28
LONAX returned +9.06% year to date and +13.48% over one year to May 2026. Annualised returns are +12.09% over 3 years and +4.18% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $141, against $147 for the category, and to $113 over one year, against $119. Volatility over the past three years was 12.48% a year. In the 12 months to May 2026 the fund lost a net $43.0M, and assets reached $108.99M.
LONAX Growth of $100
What $100 invested in Longboard Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | LONAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $113 | $119 |
| 3 years (Jun 2023 – May 2026) | $141 | $147 |
| 5 years (Jun 2021 – May 2026) | $123 | $136 |
| Since data start (Mar 2020 – May 2026) | $185 | $173 |
LONAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.06% |
| 1 year | +13.48% |
| 3 years (annualised) | +12.09% |
| 5 years (annualised) | +4.18% |
LONAX Annual Returns
Calendar-year total returns of Longboard Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +9.06% |
| 2025 | +1.22% |
| 2024 | +14.64% |
| 2023 | +6.05% |
| 2022 | −13.40% |
| 2021 | +13.58% |
| 2020 (Mar–Dec) | +40.03% |
LONAX 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 | +3.5% | +2.5% | −3.9% | +6.2% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +2.5% | −1.3% | −3.3% | −2.6% | +2.1% | +1.3% | −0.1% | +3.1% | +0.6% | −1.9% | +1.9% | −0.7% |
| 2024 | −0.4% | +5.9% | +3.9% | −4.6% | +3.6% | −1.2% | +5.7% | +0.1% | +0.8% | −0.7% | +8.3% | −6.6% |
| 2023 | +1.7% | −0.5% | −3.3% | −0.8% | −1.8% | +6.6% | +2.4% | −1.6% | −3.9% | −3.2% | +5.8% | +5.2% |
| 2022 | −5.5% | −0.5% | +0.6% | −3.9% | +0.2% | −5.3% | +3.1% | −1.5% | −4.8% | +6.8% | +1.7% | −4.4% |
| 2021 | +0.4% | +2.9% | +0.8% | +3.1% | +0.1% | 0.0% | +1.0% | +1.8% | −3.2% | +4.2% | −1.4% | +3.3% |
| 2020 | — | — | +8.4% | +6.0% | +2.1% | +1.4% | +6.3% | +3.7% | −1.8% | −2.7% | +6.7% | +4.8% |
LONAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.48%
- 3-year Sharpe ratio: 0.61 (vs 4.5% risk-free rate)
- Best month: +8.31% (Nov 2024)
- Worst month: −6.59% (Dec 2024)
LONAX Fund Flows
Monthly money in and out of Longboard Fund, from SEC Form N-PORT.
- 12-month net flow: −$43.0M
- 12-month gross sales (incl. reinvestments): $18.8M
- Sales ÷ redemptions: 0.30×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $933K | $1.5M | −$594K |
| Apr 2026 | $1.6M | $1.7M | −$46K |
| Mar 2026 | $1.2M | $1.4M | −$232K |
| Feb 2026 | $822K | $773K | $50K |
| Jan 2026 | $941K | $4.1M | −$3.2M |
| Dec 2025 | $1.1M | $16.5M | −$15.5M |
| Nov 2025 | $1.4M | $3.5M | −$2.1M |
| Oct 2025 | $1.7M | $16.2M | −$14.5M |
| Sep 2025 | $2.8M | $9.3M | −$6.5M |
| Aug 2025 | $1.6M | $1.9M | −$320K |
| Jul 2025 | $1.8M | $3.1M | −$1.3M |
| Jun 2025 | $2.9M | $1.8M | $1.1M |
LONAX Assets Under Management
Net assets of Longboard Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $108.99M |
| 2026-02-28 | $106.97M |
| 2025-11-30 | $119.81M |
| 2025-08-31 | $142.25M |
| 2025-05-31 | $136.77M |
| 2025-02-28 | $147.19M |
| 2024-11-30 | $151.52M |
| 2024-08-31 | $130.47M |
| 2024-05-31 | $119.25M |
| 2024-02-29 | $97.10M |
| 2023-11-30 | $89.37M |
| 2023-08-31 | $95.56M |
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.