THSMX Performance — Toews Hedged Opportunity Fund
Data updated: 2026-09-28
THSMX returned +10.02% year to date and +17.10% over one year to Jul 2026. Annualised returns are +5.83% over 3 years and +0.24% over 5 years. The fund trailed its Aggressive Allocation category average: $100 invested three years ago grew to $119, against $143 for the category, and to $117 over one year, against $117. Volatility over the past three years was 15.94% a year. In the 12 months to Jul 2026 the fund took in a net $14.0M, and assets reached $47.92M.
THSMX Growth of $100
What $100 invested in Toews Hedged Opportunity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Aggressive Allocation category average over the same months.
| Period | THSMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $117 | $117 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $143 |
| 5 years (Aug 2021 – Jul 2026) | $101 | $133 |
| Since data start (Feb 2020 – Jul 2026) | $146 | $162 |
THSMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.02% |
| 1 year | +17.10% |
| 3 years (annualised) | +5.83% |
| 5 years (annualised) | +0.24% |
THSMX Annual Returns
Calendar-year total returns of Toews Hedged Opportunity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.02% |
| 2025 | +8.78% |
| 2024 | −5.37% |
| 2023 | +9.17% |
| 2022 | −12.49% |
| 2021 | −1.38% |
| 2020 (Feb–Dec) | +36.47% |
THSMX 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 | +4.5% | +2.4% | −1.7% | +2.1% | +4.2% | +1.2% | −2.9% | — | — | — | — | — |
| 2025 | +2.8% | −5.3% | −3.1% | −0.1% | +2.9% | +4.1% | +1.2% | +4.8% | +1.5% | +0.3% | +0.5% | −0.7% |
| 2024 | −3.2% | +5.4% | +3.7% | −7.5% | −0.1% | −1.9% | +7.7% | −1.8% | −2.4% | −3.5% | +10.0% | −9.8% |
| 2023 | +4.2% | −2.8% | −3.5% | −1.6% | −4.2% | +7.9% | +4.8% | −6.0% | −4.9% | +0.3% | +5.8% | +10.3% |
| 2022 | −3.1% | −0.1% | −0.6% | −2.9% | −0.3% | −0.1% | +1.6% | −2.1% | −1.8% | 0.0% | +1.7% | −5.3% |
| 2021 | +2.4% | +5.6% | −0.2% | +1.8% | −3.2% | +0.3% | −1.1% | +1.4% | −4.4% | +0.4% | −3.5% | −0.4% |
| 2020 | — | −4.1% | +1.0% | +7.6% | +6.6% | +2.4% | +4.4% | +3.6% | −6.9% | −0.8% | +11.9% | +7.3% |
THSMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.94%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +10.31% (Dec 2023)
- Worst month: −9.82% (Dec 2024)
THSMX Fund Flows
Monthly money in and out of Toews Hedged Opportunity Fund, from SEC Form N-PORT.
- 12-month net flow: $14.0M
- 12-month gross sales (incl. reinvestments): $26.4M
- Sales ÷ redemptions: 2.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $190K | $829K | −$639K |
| Jun 2026 | $652K | $1.1M | −$457K |
| May 2026 | $191K | $745K | −$554K |
| Apr 2026 | $252K | $918K | −$665K |
| Mar 2026 | $22.9M | $763K | $22.2M |
| Feb 2026 | $62K | $2.8M | −$2.7M |
| Jan 2026 | $106K | $482K | −$377K |
| Dec 2025 | $1.4M | $1.1M | $333K |
| Nov 2025 | $85K | $872K | −$786K |
| Oct 2025 | $234K | $1.2M | −$963K |
| Sep 2025 | $119K | $556K | −$437K |
| Aug 2025 | $115K | $1.0M | −$886K |
THSMX Assets Under Management
Net assets of Toews Hedged Opportunity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $47.92M |
| 2026-04-30 | $48.36M |
| 2026-01-31 | $28.29M |
| 2025-10-31 | $29.32M |
| 2025-07-31 | $29.69M |
| 2025-04-30 | $29.39M |
| 2025-01-31 | $45.18M |
| 2024-10-31 | $48.13M |
| 2024-07-31 | $55.53M |
| 2024-04-30 | $57.58M |
| 2024-01-31 | $61.98M |
| 2023-10-31 | $58.10M |
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.