MARNX Performance — Convergence Long/Short Equity Fund, Institutional Class
Data updated: 2022-02-11
MARNX returned +28.24% over one year to Nov 2021. Over one year the fund beat its International Blend category average: $100 grew to $128, against $115 for the category. Volatility over the past 12 months was 8.57% a year. In the 12 months to Nov 2021 the fund took in a net $26.1M, and assets reached $29.30M.
MARNX Growth of $100
What $100 invested in Convergence Long/Short Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Blend category average over the same months.
| Period | MARNX | Category average |
|---|---|---|
| 1 year (Dec 2020 – Nov 2021) | $128 | $115 |
| Since data start (Mar 2020 – Nov 2021) | $131 | $131 |
MARNX Trailing Returns
Total returns to Nov 2021, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +28.24% |
MARNX Annual Returns
Calendar-year total returns of Convergence Long/Short Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2021 (Jan–Nov) | +25.62% |
| 2020 (Mar–Dec) | +4.40% |
MARNX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +4.0% | +3.3% | +4.5% | +5.3% | +2.9% | −1.8% | +1.6% | +3.8% | −2.9% | +2.1% | +0.8% | — |
| 2020 | — | — | −8.2% | +5.1% | +0.8% | 0.0% | +3.0% | +2.2% | −2.1% | −3.4% | +5.7% | +2.1% |
MARNX Risk
Risk measures from monthly returns over Dec 2020 – Nov 2021.
- 1-year volatility (annualised): 8.57%
- Best month: +5.30% (Apr 2021)
- Worst month: −2.95% (Sep 2021)
MARNX Fund Flows
Monthly money in and out of Convergence Long/Short Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $26.1M
- 12-month gross sales (incl. reinvestments): $13.0M
- Sales ÷ redemptions: -0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Nov 2021 | $296K | −$4.3M | $4.6M |
| Oct 2021 | $1.7M | −$127K | $1.8M |
| Sep 2021 | $432K | −$354K | $786K |
| Aug 2021 | $239K | −$85K | $324K |
| Jul 2021 | $90K | −$277K | $367K |
| Jun 2021 | $935K | −$141K | $1.1M |
| May 2021 | $160K | −$276K | $436K |
| Apr 2021 | $72K | −$299K | $372K |
| Mar 2021 | $662K | −$551K | $1.2M |
| Feb 2021 | $553K | −$1.4M | $2.0M |
| Jan 2021 | $7.2M | −$382K | $7.6M |
| Dec 2020 | $581K | −$4.9M | $5.5M |
MARNX Assets Under Management
Net assets of Convergence Long/Short Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2021-11-30 | $29.30M |
| 2021-08-31 | $31.65M |
| 2021-05-31 | $29.82M |
| 2021-02-26 | $26.52M |
| 2020-11-30 | $22.74M |
| 2020-08-31 | $30.87M |
| 2020-05-31 | $32.17M |
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.