SAPEX Performance — Spectrum Active Advantage Fund, Investor Class
Data updated: 2026-08-14
SAPEX returned −3.25% year to date and +5.86% over one year to Jun 2026. Annualised returns are +8.62% over 3 years and −3.71% over 5 years. The fund trailed its Aggressive Allocation category average: $100 invested three years ago grew to $128, against $147 for the category, and to $106 over one year, against $120. Volatility over the past three years was 10.53% a year. In the 12 months to Jun 2026 the fund lost a net $42K, and assets reached $9.94M.
SAPEX Growth of $100
What $100 invested in Spectrum Active Advantage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Aggressive Allocation category average over the same months.
| Period | SAPEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $128 | $147 |
| 5 years (Jul 2021 – Jun 2026) | $83 | $135 |
| Since data start (Jan 2020 – Jun 2026) | $128 | $162 |
SAPEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −3.25% |
| 1 year | +5.86% |
| 3 years (annualised) | +8.62% |
| 5 years (annualised) | −3.71% |
SAPEX Annual Returns
Calendar-year total returns of Spectrum Active Advantage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −3.25% |
| 2025 | +15.22% |
| 2024 | +5.27% |
| 2023 | +12.11% |
| 2022 | −38.07% |
| 2021 | +17.21% |
| 2020 | +34.00% |
SAPEX 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 | −0.6% | +0.7% | −5.6% | +2.4% | +2.3% | −2.3% | — | — | — | — | — | — |
| 2025 | 0.0% | −0.4% | −1.0% | +0.1% | +3.2% | +3.4% | −0.1% | +2.7% | +3.3% | +1.2% | +0.7% | +1.4% |
| 2024 | −2.9% | +2.4% | +1.0% | −4.6% | +4.0% | +5.3% | +3.1% | −0.9% | +0.7% | −4.0% | +4.9% | −3.1% |
| 2023 | +4.0% | −2.6% | −0.9% | −1.0% | +1.1% | +2.2% | +4.0% | −2.6% | −3.0% | −0.9% | +4.2% | +7.6% |
| 2022 | −7.8% | −7.1% | −3.3% | −13.1% | −5.6% | −2.3% | +1.6% | −2.9% | −0.8% | +0.8% | −0.2% | −5.0% |
| 2021 | +0.2% | +2.3% | +0.3% | +3.5% | +2.8% | +5.5% | −4.1% | +1.5% | −4.8% | +5.9% | +2.8% | +0.8% |
| 2020 | +1.9% | −0.9% | −13.8% | +9.8% | +5.3% | +0.8% | +4.9% | +6.6% | −5.7% | −1.1% | +17.7% | +7.6% |
SAPEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.53%
- 3-year Sharpe ratio: 0.39 (vs 4.5% risk-free rate)
- Best month: +7.65% (Dec 2023)
- Worst month: −5.58% (Mar 2026)
SAPEX Fund Flows
Monthly money in and out of Spectrum Active Advantage Fund, from SEC Form N-PORT.
- 12-month net flow: −$42K
- 12-month gross sales (incl. reinvestments): $1.9M
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $0 | $142K | −$142K |
| May 2026 | $119K | $185K | −$66K |
| Apr 2026 | $20K | $150K | −$130K |
| Mar 2026 | $63K | $404K | −$341K |
| Feb 2026 | $88K | $213K | −$125K |
| Jan 2026 | $263K | $98K | $165K |
| Dec 2025 | $742K | $59K | $683K |
| Nov 2025 | $66K | $14K | $52K |
| Oct 2025 | $299K | $30K | $269K |
| Sep 2025 | $38K | $61K | −$23K |
| Aug 2025 | $140K | $310K | −$169K |
| Jul 2025 | $49K | $263K | −$214K |
SAPEX Assets Under Management
Net assets of Spectrum Active Advantage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $9.94M |
| 2026-03-31 | $10.04M |
| 2025-12-31 | $10.93M |
| 2025-09-30 | $10.04M |
| 2025-06-30 | $9.88M |
| 2025-03-31 | $9.35M |
| 2024-12-31 | $10.54M |
| 2024-09-30 | $8.82M |
| 2024-06-30 | $7.23M |
| 2024-03-31 | $7.37M |
| 2023-12-31 | $7.79M |
| 2023-09-30 | $6.98M |
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.