SDCIX Performance — Swan Defined Risk U.S. Small Cap Fund, Class I
Data updated: 2025-02-28
SDCIX returned +4.79% over one year to Dec 2024. Annualised returns are −1.06% over 3 years and +3.99% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $97, against $108 for the category, and to $105 over one year, against $111. Volatility over the past three years was 14.49% a year. In the 12 months to Dec 2024 the fund lost a net $8.9M, and assets reached $25.22M.
SDCIX Growth of $100
What $100 invested in Swan Defined Risk U.S. Small Cap 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 | SDCIX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $105 | $111 |
| 3 years (Jan 2022 – Dec 2024) | $97 | $108 |
| 5 years (Jan 2020 – Dec 2024) | $122 | $135 |
| Since data start (Jul 2019 – Dec 2024) | $127 | $142 |
SDCIX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.79% |
| 3 years (annualised) | −1.06% |
| 5 years (annualised) | +3.99% |
SDCIX Annual Returns
Calendar-year total returns of Swan Defined Risk U.S. Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +4.79% |
| 2023 | +8.50% |
| 2022 | −14.82% |
| 2021 | +10.56% |
| 2020 | +13.56% |
| 2019 (Jul–Dec) | +4.34% |
SDCIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −2.8% | +2.7% | +2.1% | −4.0% | +2.2% | −0.6% | +6.8% | −2.6% | +0.9% | −0.7% | +7.7% | −6.0% |
| 2023 | +4.7% | −1.1% | −3.5% | −0.4% | +0.1% | +4.0% | +4.7% | −3.5% | −4.6% | −4.0% | +4.0% | +8.8% |
| 2022 | −5.3% | −0.3% | +0.7% | −5.9% | +0.9% | −6.0% | +5.9% | −1.3% | −4.6% | +5.4% | −0.5% | −3.9% |
| 2021 | +4.2% | +4.1% | +0.5% | +0.6% | −0.1% | +1.0% | −2.0% | +1.7% | −1.7% | +3.1% | −2.4% | +1.4% |
| 2020 | −1.8% | −5.0% | −10.3% | +5.9% | +2.8% | +3.2% | +0.9% | +2.4% | −2.1% | +1.6% | +10.2% | +6.8% |
| 2019 | — | — | — | — | — | — | +0.4% | −2.9% | +0.6% | +1.6% | +2.6% | +2.0% |
SDCIX Risk
Risk measures from monthly returns over Jan 2022 – Dec 2024.
- 3-year volatility (annualised): 14.49%
- 3-year Sharpe ratio: -0.38 (vs 4.5% risk-free rate)
- Best month: +8.84% (Dec 2023)
- Worst month: −6.03% (Dec 2024)
SDCIX Fund Flows
Monthly money in and out of Swan Defined Risk U.S. Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.9M
- 12-month gross sales (incl. reinvestments): $3.7M
- Sales ÷ redemptions: 0.29×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $136K | $585K | −$449K |
| Nov 2024 | $31K | $3.4M | −$3.4M |
| Oct 2024 | $400K | $1.9M | −$1.5M |
| Sep 2024 | $450K | $822K | −$372K |
| Aug 2024 | $258K | $2.2M | −$1.9M |
| Jul 2024 | $562K | $560K | $2K |
| Jun 2024 | $471K | $347K | $124K |
| May 2024 | $158K | $140K | $18K |
| Apr 2024 | $823K | $1.3M | −$471K |
| Mar 2024 | $82K | $630K | −$548K |
| Feb 2024 | $180K | $372K | −$193K |
| Jan 2024 | $130K | $391K | −$261K |
SDCIX Assets Under Management
Net assets of Swan Defined Risk U.S. Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $25.22M |
| 2024-09-30 | $30.26M |
| 2024-06-30 | $31.07M |
| 2024-03-31 | $32.21M |
| 2023-12-31 | $32.69M |
| 2023-09-30 | $34.87M |
| 2023-06-30 | $35.85M |
| 2023-03-31 | $37.13M |
| 2022-12-31 | $38.97M |
| 2022-09-30 | $40.39M |
| 2022-06-30 | $35.41M |
| 2022-03-31 | $39.28M |
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.