Performance

Shown below is a chart of the performance [1] of the Alpha Fund compared to ETFs that track equity indices [2].

  •  
    • Benchmarked against the SPDR S&P 500 ETF (ticker SPY), the Alpha fund has achieved an annualized Alpha of 6.85% with a correlation of .53
    • Benchmarked against the DJIA ETF (ticker DIA), the Alpha fund has achieved an annualized Alpha of 9.08% with a correlation of .48
    • Benchmarked against the Russell 2000 ETF (ticker IWM), the Alpha fund has achieved an annualized Alpha of 11.57% with a correlation of .57

    magnolia alpha fund through july 16

 

The table below shows the monthly returns of Magnolia’s Alpha fund along with the monthly returns of ETFs that track the S&P 500, the Russell 2000, and the DJIA. Below the chart are statistics including the annualized Alpha when benchmarked against each ETF and the correlation of each ETF with the Alpha fund.

magnolia tabular results

[1] Actual returns for Investors would have been lower than the figures presented after adjusting for applicable Management Fees. Performance data represents audited returns through 2015.

[2] ETF quotes were pulled from Yahoo Finance