Summary
The fund seeks capital appreciation through investing in small-size companies in the U.S.
The fund is sub-advised by MacKay Shields LLC with a focus on small-size companies between the market capitalizations of $13 million to $8.4 billion.
The investment process is primarily driven by a quantitative model that considers market sentiment, momentum factors and valuation. The team then considers additional financial metrics in selecting stocks to be added to a broadly diversified portfolio.
The model driven fund is
Link
Fund Manager(s)
- Peter Carpi
Price
Performance
YTD
1.7%
3 Year
-27.07%
5 Year
-0.28%
Best
48.25%
2009
Worst
-36.95%
2008
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 6.4% | -0.4% | -2.4% | -15.9% | -34% | 12.6% | -3.7% | 4.4% | 0.7% | 3% |
| Q2 | -6.5% | 2.9% | -18.7% | 35.5% | 25% | -2.3% | 6.2% | 1.6% | 2.7% | 0.6% |
| Q3 | - | -4.7% | -6.1% | -28.2% | 4.4% | -3.4% | 1.9% | 2.2% | 4.7% | -8.3% |
| Q4 | - | 14.9% | 6.2% | 8.1% | 27.4% | 8.3% | -17.4% | 5.7% | 6.8% | 0.9% |
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.9% | 6.3% | 4.1% | -4.4% | - | - | - | - | - | - | - | - |
| 2023 | 9.7% | -3% | -6.4% | -1.8% | -3.8% | 8.9% | 6.6% | -5.7% | -5.1% | -8.5% | 8.1% | 14.3% |
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2% | 11% | -21% | -12% | 10% | 17% | -17% | 15% | 0% | -4% |
Alpha
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| MOPAX | 2% | 11% | -21% | -12% | 10% | 17% | -17% | 15% | - | -4% |
| Russell 2000 Index | - | - | -26% | 14% | 18% | 24% | -12% | 13% | 19% | -6% |
| Alpha | 2% | 11% | 5% | -25% | -9% | -7% | -4% | 2% | - | 2% |