SDFAX Performance — Swan Defined Risk Emerging Markets Fund, Class A
Data updated: 2025-02-28
SDFAX returned +1.52% over one year to Dec 2024. Over one year the fund trailed its US Multi-Cap Blend category average: $100 grew to $102, against $111 for the category. Volatility over the past 12 months was 6.05% a year. In the 12 months to Dec 2024 the fund lost a net $14.1M, and assets reached $13.55M.
SDFAX Growth of $100
What $100 invested in Swan Defined Risk Emerging Markets 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 | SDFAX | Category average |
|---|---|---|
| 1 year (Jan 2024 – Dec 2024) | $102 | $111 |
| 3 years (Jan 2022 – Dec 2024) | $97 | $108 |
| 5 years (Jan 2020 – Dec 2024) | $100 | $135 |
| Since data start (Jul 2019 – Dec 2024) | $101 | $142 |
SDFAX Trailing Returns
Total returns to Dec 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.52% |
3- and 5-year figures withheld: not verified.
SDFAX Annual Returns
Calendar-year total returns of Swan Defined Risk Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 | +1.52% |
| 2023 | +5.73% |
| 2022 | −9.52% |
| 2021 | −1.94% |
| 2020 | +4.77% |
| 2019 (Jul–Dec) | +0.96% |
SDFAX 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 | −2.3% | +1.2% | +1.6% | −0.1% | +1.1% | +2.6% | −0.4% | +0.2% | +2.4% | −2.9% | −1.3% | −0.4% |
| 2023 | +4.2% | −5.0% | +2.6% | −0.8% | −1.2% | +2.5% | +3.5% | −3.2% | −1.6% | −2.0% | +3.9% | +3.2% |
| 2022 | −1.4% | −1.6% | −1.6% | −3.0% | −0.2% | −1.7% | +0.9% | −0.7% | −4.1% | +0.8% | +3.9% | −1.1% |
| 2021 | +1.8% | +0.9% | −1.6% | +0.8% | +0.3% | +0.4% | −3.1% | +1.3% | −2.0% | +0.3% | −1.6% | +0.5% |
| 2020 | −4.0% | −4.1% | −4.2% | +2.4% | +0.7% | +3.3% | +1.7% | +1.0% | +0.4% | +0.4% | +3.0% | +4.4% |
| 2019 | — | — | — | — | — | — | −2.0% | −3.9% | +0.2% | +2.7% | −0.6% | +4.9% |
SDFAX Risk
Risk measures from monthly returns over Jan 2024 – Dec 2024.
- 1-year volatility (annualised): 6.05%
- Best month: +2.63% (Jun 2024)
- Worst month: −2.93% (Oct 2024)
SDFAX Fund Flows
Monthly money in and out of Swan Defined Risk Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: −$14.1M
- 12-month gross sales (incl. reinvestments): $3.5M
- Sales ÷ redemptions: 0.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2024 | $352K | $404K | −$53K |
| Nov 2024 | $9K | $6.2M | −$6.2M |
| Oct 2024 | $430K | $2.3M | −$1.8M |
| Sep 2024 | $319K | $368K | −$49K |
| Aug 2024 | $76K | $3.1M | −$3.0M |
| Jul 2024 | $135K | $964K | −$829K |
| Jun 2024 | $60K | $397K | −$337K |
| May 2024 | $105K | $187K | −$82K |
| Apr 2024 | $1.7M | $2.5M | −$774K |
| Mar 2024 | $55K | $525K | −$470K |
| Feb 2024 | $166K | $454K | −$288K |
| Jan 2024 | $56K | $257K | −$201K |
SDFAX Assets Under Management
Net assets of Swan Defined Risk Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-12-31 | $13.55M |
| 2024-09-30 | $22.87M |
| 2024-06-30 | $26.34M |
| 2024-03-31 | $26.58M |
| 2023-12-31 | $27.49M |
| 2023-09-30 | $27.41M |
| 2023-06-30 | $27.60M |
| 2023-03-31 | $27.89M |
| 2022-12-31 | $28.62M |
| 2022-09-30 | $28.53M |
| 2022-06-30 | $26.23M |
| 2022-03-31 | $28.29M |
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.