THLGX Performance — Toews Hedged U.S. Fund
Data updated: 2026-09-28
THLGX returned +4.56% year to date and +10.74% over one year to Jul 2026. Annualised returns are +7.29% over 3 years and +4.27% over 5 years. The fund beat its Ultrashort Government Bond category average: $100 invested three years ago grew to $123, against $119 for the category, and to $111 over one year, against $97. Volatility over the past three years was 11.19% a year. In the 12 months to Jul 2026 the fund lost a net $6.9M, and assets reached $59.29M.
THLGX Growth of $100
What $100 invested in Toews Hedged U.S. Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Government Bond category average over the same months.
| Period | THLGX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $97 |
| 3 years (Aug 2023 – Jul 2026) | $123 | $119 |
| 5 years (Aug 2021 – Jul 2026) | $123 | $112 |
| Since data start (Feb 2020 – Jul 2026) | $165 | $131 |
THLGX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.56% |
| 1 year | +10.74% |
| 3 years (annualised) | +7.29% |
| 5 years (annualised) | +4.27% |
THLGX Annual Returns
Calendar-year total returns of Toews Hedged U.S. Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.56% |
| 2025 | +14.60% |
| 2024 | +2.86% |
| 2023 | +16.97% |
| 2022 | −12.49% |
| 2021 | +2.59% |
| 2020 (Feb–Dec) | +27.34% |
THLGX 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% | −1.4% | −0.3% | +3.4% | +6.4% | −1.2% | −3.1% | — | — | — | — | — |
| 2025 | +2.2% | −2.2% | −3.6% | −0.1% | +4.9% | +5.0% | +2.1% | +1.2% | +3.7% | +2.7% | −1.2% | −0.6% |
| 2024 | +1.2% | +4.9% | +1.7% | −5.6% | +1.4% | +3.9% | −0.6% | −2.0% | −0.1% | −3.2% | +5.7% | −3.7% |
| 2023 | +4.2% | −2.7% | +4.1% | +0.9% | +0.6% | +5.7% | +3.1% | −4.8% | −3.7% | +0.3% | +4.1% | +4.6% |
| 2022 | −2.2% | −0.6% | −0.2% | −3.8% | −0.2% | −0.2% | +1.9% | −3.3% | −1.0% | 0.0% | +2.2% | −5.7% |
| 2021 | −1.2% | +1.0% | −0.4% | +1.6% | −2.9% | +3.9% | +3.2% | +2.6% | −5.8% | +1.5% | −0.1% | −0.3% |
| 2020 | — | −2.4% | +1.5% | +2.2% | +5.1% | +3.2% | +6.9% | +7.4% | −7.9% | −2.0% | +7.8% | +3.9% |
THLGX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 11.19%
- 3-year Sharpe ratio: 0.25 (vs 4.5% risk-free rate)
- Best month: +6.37% (May 2026)
- Worst month: −5.58% (Apr 2024)
THLGX Fund Flows
Monthly money in and out of Toews Hedged U.S. Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.9M
- 12-month gross sales (incl. reinvestments): $11.9M
- Sales ÷ redemptions: 0.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $670K | $1.6M | −$919K |
| Jun 2026 | $568K | $1.5M | −$963K |
| May 2026 | $385K | $1.5M | −$1.1M |
| Apr 2026 | $822K | $1.2M | −$404K |
| Mar 2026 | $2.0M | $2.4M | −$381K |
| Feb 2026 | $903K | $3.0M | −$2.1M |
| Jan 2026 | $1.0M | $789K | $242K |
| Dec 2025 | $2.2M | $1.2M | $1.1M |
| Nov 2025 | $695K | $1.1M | −$425K |
| Oct 2025 | $831K | $1.9M | −$1.0M |
| Sep 2025 | $1.2M | $1.2M | −$6K |
| Aug 2025 | $566K | $1.4M | −$842K |
THLGX Assets Under Management
Net assets of Toews Hedged U.S. Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $59.29M |
| 2026-04-30 | $61.12M |
| 2026-01-31 | $63.05M |
| 2025-10-31 | $64.50M |
| 2025-07-31 | $61.59M |
| 2025-04-30 | $56.81M |
| 2025-01-31 | $63.94M |
| 2024-10-31 | $67.73M |
| 2024-07-31 | $72.25M |
| 2024-04-30 | $72.63M |
| 2024-01-31 | $76.30M |
| 2023-10-31 | $74.01M |
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.