MFADX Performance — Cromwell Long Short Fund, Investor Class
Data updated: 2026-08-21
MFADX returned +8.80% year to date and +18.45% over one year to Jun 2026. The annualised 3-year return is +10.86%. Against its US Large Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $136, against $157 for the category, and to $118 over one year, against $118. Volatility over the past three years was 9.51% a year. In the 12 months to Jun 2026 the fund lost a net $11.1M, and assets reached $92.98M.
MFADX Growth of $100
What $100 invested in Cromwell Long Short 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 | MFADX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $118 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $136 | $157 |
| Since data start (Jan 2022 – Jun 2026) | $138 | $150 |
MFADX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.80% |
| 1 year | +18.45% |
| 3 years (annualised) | +10.86% |
MFADX Annual Returns
Calendar-year total returns of Cromwell Long Short Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +8.80% |
| 2025 | +17.35% |
| 2024 | +5.57% |
| 2023 | −0.32% |
| 2022 | +2.79% |
MFADX 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 | +1.5% | −0.9% | −3.8% | +8.3% | +2.3% | +1.5% | — | — | — | — | — | — |
| 2025 | +3.1% | −0.3% | −4.1% | −0.8% | +6.0% | +3.9% | +2.3% | +1.6% | +2.6% | +1.9% | +0.6% | −0.4% |
| 2024 | −0.7% | +1.3% | +5.2% | −1.8% | −1.6% | +0.9% | +0.3% | +2.0% | +0.3% | −0.9% | +4.4% | −3.5% |
| 2023 | +1.5% | −3.5% | +2.5% | 0.0% | −4.9% | +3.3% | +3.2% | −2.0% | −1.3% | −2.4% | +1.2% | +2.6% |
| 2022 | −1.2% | +2.4% | +4.2% | −3.0% | −0.7% | −8.0% | +1.4% | −0.4% | −1.9% | +7.4% | +3.4% | −0.1% |
MFADX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.51%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +8.26% (Apr 2026)
- Worst month: −4.09% (Mar 2025)
MFADX Fund Flows
Monthly money in and out of Cromwell Long Short Fund, from SEC Form N-PORT.
- 12-month net flow: −$11.1M
- 12-month gross sales (incl. reinvestments): $1.4M
- Sales ÷ redemptions: 0.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $100K | $1.2M | −$1.1M |
| May 2026 | $140K | $690K | −$550K |
| Apr 2026 | $126K | $808K | −$682K |
| Mar 2026 | $144K | $1.1M | −$918K |
| Feb 2026 | $232K | $1.0M | −$805K |
| Jan 2026 | $64K | $964K | −$900K |
| Dec 2025 | $162K | $834K | −$671K |
| Nov 2025 | $30K | $913K | −$883K |
| Oct 2025 | $130K | $928K | −$798K |
| Sep 2025 | $181K | $1.0M | −$825K |
| Aug 2025 | $34K | $1.3M | −$1.2M |
| Jul 2025 | $58K | $1.8M | −$1.8M |
MFADX Assets Under Management
Net assets of Cromwell Long Short Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $92.98M |
| 2026-03-31 | $84.85M |
| 2025-12-31 | $90.21M |
| 2025-09-30 | $90.68M |
| 2025-06-30 | $88.78M |
| 2025-03-31 | $85.52M |
| 2024-12-31 | $91.27M |
| 2024-09-30 | $95.61M |
| 2024-06-30 | $99.18M |
| 2024-03-31 | $134.75M |
| 2023-12-31 | $136.92M |
| 2023-09-30 | $147.32M |
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.