VALAX Performance — Al Frank Fund, Advisor Class
Data updated: 2026-08-25
VALAX returned +25.35% year to date and +46.81% over one year to Jun 2026. Annualised returns are +23.84% over 3 years and +12.58% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $190, against $158 for the category, and to $147 over one year, against $121. Volatility over the past three years was 14.64% a year. In the 12 months to Jun 2026 the fund lost a net $715K, and assets reached $89.24M.
VALAX Growth of $100
What $100 invested in Al Frank Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | VALAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $147 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $190 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $181 | $165 |
| Since data start (Jan 2020 – Jun 2026) | $239 | $205 |
VALAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.35% |
| 1 year | +46.81% |
| 3 years (annualised) | +23.84% |
| 5 years (annualised) | +12.58% |
VALAX Annual Returns
Calendar-year total returns of Al Frank Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +25.35% |
| 2025 | +23.54% |
| 2024 | +13.34% |
| 2023 | +14.06% |
| 2022 | −13.49% |
| 2021 | +24.98% |
| 2020 | +10.25% |
VALAX 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 | +6.7% | +1.9% | −3.9% | +10.4% | +5.4% | +3.1% | — | — | — | — | — | — |
| 2025 | +3.9% | −1.2% | −5.2% | −4.1% | +5.9% | +6.9% | +1.3% | +4.2% | +4.4% | +1.6% | +2.8% | +1.7% |
| 2024 | +0.8% | +2.7% | +5.6% | −5.1% | +4.4% | +0.5% | +3.3% | +0.7% | +1.6% | −0.8% | +5.3% | −5.8% |
| 2023 | +6.9% | −3.8% | −1.8% | −0.5% | −2.8% | +7.9% | +4.5% | −3.3% | −4.3% | −3.7% | +8.8% | +6.7% |
| 2022 | −1.6% | −2.8% | +1.6% | −6.6% | +1.9% | −10.4% | +6.3% | −3.0% | −9.7% | +12.5% | +6.2% | −6.1% |
| 2021 | +1.7% | +6.1% | +5.9% | +4.1% | +2.3% | −1.7% | 0.0% | +2.1% | −4.8% | +3.9% | −1.7% | +5.2% |
| 2020 | −3.7% | −9.5% | −16.9% | +12.4% | +4.1% | +0.5% | +5.2% | +5.9% | −1.5% | −1.2% | +14.3% | +4.4% |
VALAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.64%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +10.42% (Apr 2026)
- Worst month: −5.79% (Dec 2024)
VALAX Fund Flows
Monthly money in and out of Al Frank Fund, from SEC Form N-PORT.
- 12-month net flow: −$715K
- 12-month gross sales (incl. reinvestments): $9.0M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.7M | $4.5M | −$1.8M |
| May 2026 | $37K | $604K | −$567K |
| Apr 2026 | $32K | $527K | −$495K |
| Mar 2026 | $25K | $339K | −$314K |
| Feb 2026 | $10K | $303K | −$293K |
| Jan 2026 | $217K | $532K | −$315K |
| Dec 2025 | $5.9M | $779K | $5.1M |
| Nov 2025 | $24K | $414K | −$390K |
| Oct 2025 | $10K | $279K | −$269K |
| Sep 2025 | $19K | $766K | −$747K |
| Aug 2025 | $9K | $348K | −$339K |
| Jul 2025 | $22K | $396K | −$374K |
VALAX Assets Under Management
Net assets of Al Frank Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $89.24M |
| 2026-03-31 | $76.83M |
| 2025-12-31 | $74.43M |
| 2025-09-30 | $71.55M |
| 2025-06-30 | $66.26M |
| 2025-03-31 | $63.10M |
| 2024-12-31 | $67.31M |
| 2024-09-30 | $71.02M |
| 2024-06-30 | $68.97M |
| 2024-03-31 | $71.12M |
| 2023-12-31 | $67.09M |
| 2023-09-30 | $61.39M |
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.