ZNAVX Performance — USA Mutuals All Seasons Fund
Data updated: 2026-08-26
ZNAVX returned −3.76% year to date and −2.65% over one year to Jun 2026. Annualised returns are +1.51% over 3 years and +5.51% over 5 years. The fund trailed its Alternative category average: $100 invested three years ago grew to $105, against $170 for the category, and to $97 over one year, against $110. Volatility over the past three years was 5.96% a year. In the 12 months to Jun 2026 the fund lost a net $7.7M, and assets reached $11.10M. Returns are those of sibling share class UNAVX; this class's own returns are not reported in filings.
ZNAVX Growth of $100
What $100 invested in USA Mutuals All Seasons Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | ZNAVX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $97 | $110 |
| 3 years (Jul 2023 – Jun 2026) | $105 | $170 |
| 5 years (Jul 2021 – Jun 2026) | $131 | $159 |
| Since data start (Jan 2021 – Jun 2026) | $129 | $169 |
ZNAVX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −3.76% |
| 1 year | −2.65% |
| 3 years (annualised) | +1.51% |
| 5 years (annualised) | +5.51% |
ZNAVX Annual Returns
Calendar-year total returns of USA Mutuals All Seasons Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −3.76% |
| 2025 | +1.91% |
| 2024 | +6.76% |
| 2023 | +3.43% |
| 2022 | +6.89% |
| 2021 | +11.73% |
ZNAVX 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 | +0.2% | −0.4% | −3.4% | −0.2% | +2.3% | −2.3% | — | — | — | — | — | — |
| 2025 | +1.2% | −0.5% | −3.3% | +2.8% | −0.3% | +1.0% | +0.3% | +1.5% | +2.2% | −0.9% | −1.7% | −0.2% |
| 2024 | −0.7% | +2.2% | +2.0% | −1.8% | +1.9% | +1.4% | −2.1% | +2.3% | −0.3% | +0.1% | +1.6% | 0.0% |
| 2023 | +1.6% | −0.4% | +4.1% | 0.0% | −3.4% | +1.7% | +1.2% | −1.3% | −2.8% | −1.0% | +1.8% | +2.0% |
| 2022 | −6.4% | +3.2% | +1.7% | +2.9% | +4.2% | −3.9% | +2.8% | −0.3% | −2.3% | −0.5% | +4.3% | +1.8% |
| 2021 | −2.0% | +0.9% | +2.9% | +0.9% | −4.1% | +0.4% | +2.4% | +1.1% | −5.2% | +9.7% | −2.1% | +7.2% |
ZNAVX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.96%
- 3-year Sharpe ratio: -0.50 (vs 4.5% risk-free rate)
- Best month: +2.78% (Apr 2025)
- Worst month: −3.40% (Mar 2026)
ZNAVX Fund Flows
Monthly money in and out of USA Mutuals All Seasons Fund, from SEC Form N-PORT.
- 12-month net flow: −$7.7M
- 12-month gross sales (incl. reinvestments): $2.1M
- Sales ÷ redemptions: 0.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $80K | $281K | −$201K |
| May 2026 | $5K | $2.3M | −$2.3M |
| Apr 2026 | $173K | $511K | −$338K |
| Mar 2026 | $109K | $955K | −$846K |
| Feb 2026 | $184K | $527K | −$343K |
| Jan 2026 | $66K | $621K | −$554K |
| Dec 2025 | $465K | $262K | $203K |
| Nov 2025 | $67K | $976K | −$908K |
| Oct 2025 | $270K | $965K | −$695K |
| Sep 2025 | $29K | $568K | −$539K |
| Aug 2025 | $197K | $1.3M | −$1.1M |
| Jul 2025 | $445K | $461K | −$17K |
ZNAVX Assets Under Management
Net assets of USA Mutuals All Seasons Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $11.10M |
| 2026-03-31 | $13.94M |
| 2025-12-31 | $16.23M |
| 2025-09-30 | $18.51M |
| 2025-06-30 | $19.46M |
| 2025-03-31 | $22.33M |
| 2024-12-31 | $25.86M |
| 2024-09-30 | $27.21M |
| 2024-06-30 | $29.59M |
| 2024-03-31 | $30.05M |
| 2023-12-31 | $31.99M |
| 2023-09-30 | $32.74M |
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.