Summary
The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in companies that possess entrepreneurial characteristics.
Some of the companies that are exhibiting entrepreneurial characteristics may be investment companies or other
Link
Fund Manager(s)
- Joel Shulman
Price
Performance
YTD
1.8%
3 Year
-59.85%
5 Year
-50.45%
Best
27.55%
2020
Worst
-49.51%
2021
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 0.3% | 8.1% | -12.4% | 70% | -20.9% | 21.1% | 3.1% | 3.6% | -2.1% | 4.5% |
| Q2 | -5.1% | 8% | -19% | 5.3% | 27.1% | -2.3% | 20.4% | 8.9% | 2.9% | 1% |
| Q3 | - | -10.3% | 0.7% | -48.5% | -3.6% | -6.3% | 7.4% | 6.9% | 8.2% | -12.6% |
| Q4 | - | 17.6% | 1.1% | -0.6% | -27.5% | -0.2% | -20.3% | 1.5% | 7.6% | 2.5% |
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -7.4% | - | - | - | - | - | - | - | - | - | - | - |
| 2023 | 11.5% | -1.9% | -1.2% | -2.3% | 2.4% | 8% | 6.8% | -7.8% | -8.9% | -9.5% | 10.6% | 15.8% |
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2% | 21% | -28% | -50% | 28% | 12% | 3% | 24% | 17% | -5% |
Alpha
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| IMPAX | 2% | 21% | -28% | -50% | 28% | 12% | 3% | 24% | 17% | -5% |
| Russell 2000 | - | - | -32% | 2% | 34% | 28% | -10% | 21% | 10% | -2% |
| Alpha | 2% | 21% | 4% | -52% | -6% | -16% | 12% | 3% | 7% | -3% |