RYAQX Performance — Inverse Government Long Bond Strategy Fund, Class A
Data updated: 2026-08-28
RYAQX returned +1.59% year to date and +3.05% over one year to Jun 2026. Annualised returns are +8.63% over 3 years and +11.52% over 5 years. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $128, against $35 for the category, and to $103 over one year, against $68. Volatility over the past three years was 13.66% a year. In the 12 months to Jun 2026 the fund lost a net $6.8M, and assets reached $10.74M.
RYAQX Growth of $100
What $100 invested in Inverse Government Long Bond Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | RYAQX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $68 |
| 3 years (Jul 2023 – Jun 2026) | $128 | $35 |
| 5 years (Jul 2021 – Jun 2026) | $172 | $34 |
| Since data start (Jul 2019 – Jun 2026) | $142 | $11 |
RYAQX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.59% |
| 1 year | +3.05% |
| 3 years (annualised) | +8.63% |
| 5 years (annualised) | +11.52% |
RYAQX Annual Returns
Calendar-year total returns of Inverse Government Long Bond Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.59% |
| 2025 | +2.00% |
| 2024 | +17.61% |
| 2023 | +4.32% |
| 2022 | +45.64% |
| 2021 | +1.05% |
| 2020 | −21.31% |
| 2019 (Jul–Dec) | −3.83% |
RYAQX 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 | +1.0% | −4.0% | +4.3% | +1.3% | 0.0% | −0.8% | — | — | — | — | — | — |
| 2025 | +0.4% | −5.0% | +1.9% | +1.5% | +4.0% | −2.0% | +1.7% | +0.7% | −2.9% | −0.8% | +0.2% | +2.7% |
| 2024 | +3.5% | +2.7% | 0.0% | +7.7% | −2.0% | −1.3% | −2.8% | −1.5% | −1.1% | +6.4% | −1.5% | +7.1% |
| 2023 | −5.5% | +5.3% | −4.3% | +0.3% | +3.3% | +0.4% | +3.3% | +4.0% | +8.8% | +6.2% | −8.5% | −7.3% |
| 2022 | +4.5% | +1.0% | +5.2% | +11.2% | +1.9% | +1.2% | −2.7% | +4.5% | +9.3% | +7.3% | −6.5% | +2.6% |
| 2021 | +4.5% | +6.2% | +6.1% | −2.9% | −0.5% | −4.7% | −4.4% | +0.1% | +3.1% | −3.7% | −3.7% | +1.8% |
| 2020 | −7.8% | −7.4% | −11.0% | −1.4% | +2.5% | −0.7% | −5.5% | +7.0% | −1.0% | +4.4% | −2.3% | +1.0% |
| 2019 | — | — | — | — | — | — | −0.1% | −11.3% | +3.0% | +1.4% | +0.4% | +3.6% |
RYAQX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.66%
- 3-year Sharpe ratio: 0.30 (vs 4.5% risk-free rate)
- Best month: +8.83% (Sep 2023)
- Worst month: −8.47% (Nov 2023)
RYAQX Fund Flows
Monthly money in and out of Inverse Government Long Bond Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.8M
- 12-month gross sales (incl. reinvestments): $88.4M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $14.2M | $19.8M | −$5.6M |
| May 2026 | $11.2M | $6.7M | $4.5M |
| Apr 2026 | $9.9M | $12.4M | −$2.5M |
| Mar 2026 | $5.9M | $5.5M | $413K |
| Feb 2026 | $3.7M | $3.8M | −$28K |
| Jan 2026 | $6.4M | $7.5M | −$1.0M |
| Dec 2025 | $7.9M | $8.4M | −$511K |
| Nov 2025 | $5.2M | $4.0M | $1.2M |
| Oct 2025 | $6.4M | $6.8M | −$432K |
| Sep 2025 | $8.1M | $8.5M | −$408K |
| Aug 2025 | $3.8M | $4.3M | −$433K |
| Jul 2025 | $5.6M | $7.6M | −$1.9M |
RYAQX Assets Under Management
Net assets of Inverse Government Long Bond Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $10.74M |
| 2026-03-31 | $14.32M |
| 2025-12-31 | $14.73M |
| 2025-09-30 | $14.85M |
| 2025-06-30 | $17.69M |
| 2025-03-31 | $15.93M |
| 2024-12-31 | $24.98M |
| 2024-09-30 | $14.32M |
| 2024-06-30 | $16.97M |
| 2024-03-31 | $17.34M |
| 2023-12-31 | $19.01M |
| 2023-09-30 | $43.40M |
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.