Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.2%
1 yr return
31.0%
3 Yr Avg Return
14.4%
5 Yr Avg Return
8.2%
Net Assets
$34.1 M
Holdings in Top 10
9.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 60.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AXVNX - Profile
Distributions
- YTD Total Return 12.2%
- 3 Yr Annualized Total Return 14.4%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.28%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAcclivity Small Cap Value Fund
-
Fund Family NameAcclivity
-
Inception DateDec 31, 2018
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVito Sciaraffia
Fund Description
AXVNX - Performance
Return Ranking - Trailing
| Period | AXVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -6.7% | 28.3% | 68.29% |
| 1 Yr | 31.0% | -2.8% | 63.7% | 47.31% |
| 3 Yr | 14.4%* | -3.0% | 34.9% | 42.97% |
| 5 Yr | 8.2%* | -5.2% | 44.1% | 20.00% |
| 10 Yr | N/A* | 2.9% | 31.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | AXVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 0.9% | -51.1% | 63.2% | 43.48% |
| 2024 | -1.1% | -39.7% | 22.5% | 63.17% |
| 2023 | 21.6% | -6.0% | 33.6% | 4.36% |
| 2022 | -8.2% | -33.6% | 212.9% | 8.92% |
| 2021 | 36.7% | -62.0% | 147.6% | 9.21% |
Total Return Ranking - Trailing
| Period | AXVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -6.7% | 28.3% | 68.29% |
| 1 Yr | 31.0% | -2.8% | 63.7% | 47.31% |
| 3 Yr | 14.4%* | -3.0% | 34.9% | 42.97% |
| 5 Yr | 8.2%* | -5.2% | 44.1% | 20.00% |
| 10 Yr | N/A* | 2.9% | 31.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AXVNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 4.9% | -6.4% | 67.1% | 58.57% |
| 2024 | 5.4% | -7.4% | 26.1% | 80.56% |
| 2023 | 22.3% | 1.8% | 35.4% | 11.54% |
| 2022 | -4.3% | -25.2% | 250.0% | 11.81% |
| 2021 | 38.4% | -3.0% | 157.9% | 11.38% |
NAV & Total Return History
AXVNX - Holdings
Concentration Analysis
| AXVNX | Category Low | Category High | AXVNX % Rank | |
|---|---|---|---|---|
| Net Assets | 34.1 M | 6.04 M | 64.9 B | 92.84% |
| Number of Holdings | 495 | 10 | 1553 | 8.70% |
| Net Assets in Top 10 | 2.76 M | 482 K | 3.72 B | 98.47% |
| Weighting of Top 10 | 9.19% | 6.1% | 101.9% | 89.74% |
Top 10 Holdings
- FIRST AM-TR OB-X 2.31%
- COCA-COLA CONSOL 1.17%
- DILLARDS INC-A 0.80%
- OVINTIV INC 0.75%
- AUTONATION INC 0.72%
- APA CORP 0.70%
- REGAL REXNORD CO 0.70%
- OLD REPUB INTL 0.69%
- QIAGEN NV 0.68%
- PAR PACIFIC HOLD 0.68%
Asset Allocation
| Weighting | Return Low | Return High | AXVNX % Rank | |
|---|---|---|---|---|
| Stocks | 97.50% | 3.76% | 103.27% | 68.03% |
| Cash | 2.50% | 0.00% | 30.93% | 38.36% |
| Preferred Stocks | 0.00% | 0.00% | 0.95% | 45.01% |
| Other | 0.00% | -0.55% | 21.38% | 61.89% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 43.64% |
| Bonds | 0.00% | 0.00% | 141.40% | 43.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AXVNX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.22% | 0.00% | 35.05% | 38.85% |
| Industrials | 14.64% | 0.65% | 48.61% | 69.29% |
| Consumer Cyclical | 13.40% | 0.35% | 51.62% | 33.07% |
| Technology | 12.73% | 0.00% | 27.23% | 16.27% |
| Energy | 11.18% | 0.00% | 29.42% | 19.42% |
| Healthcare | 7.28% | 0.00% | 25.76% | 34.65% |
| Consumer Defense | 5.84% | 0.00% | 13.22% | 18.64% |
| Basic Materials | 5.11% | 0.00% | 67.30% | 46.98% |
| Communication Services | 3.42% | 0.00% | 17.58% | 29.66% |
| Real Estate | 1.17% | 0.00% | 44.41% | 89.24% |
| Utilities | 0.00% | 0.00% | 13.86% | 88.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AXVNX % Rank | |
|---|---|---|---|---|
| US | 97.50% | 3.76% | 103.27% | 55.50% |
| Non US | 0.00% | 0.00% | 61.95% | 60.36% |
AXVNX - Expenses
Operational Fees
| AXVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.42% | 0.03% | 36.05% | 30.95% |
| Management Fee | 0.39% | 0.01% | 1.50% | 7.69% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.29% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| AXVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| AXVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| AXVNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 60.00% | 7.00% | 252.00% | 62.54% |
AXVNX - Distributions
Dividend Yield Analysis
| AXVNX | Category Low | Category High | AXVNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.29% | 0.00% | 14.14% | 80.31% |
Dividend Distribution Analysis
| AXVNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| AXVNX | Category Low | Category High | AXVNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.28% | -1.43% | 4.13% | 10.24% |
Capital Gain Distribution Analysis
| AXVNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2025 | $0.273 | OrdinaryDividend |
| Dec 05, 2025 | $0.451 | CapitalGainShortTerm |
| Dec 05, 2025 | $0.016 | CapitalGainLongTerm |
| Dec 06, 2024 | $0.189 | OrdinaryDividend |
| Dec 06, 2024 | $0.226 | CapitalGainShortTerm |
| Dec 06, 2024 | $0.878 | CapitalGainLongTerm |
| Dec 06, 2024 | $1.293 | OrdinaryDividend |
| Dec 06, 2023 | $0.102 | OrdinaryDividend |
| Dec 07, 2022 | $0.666 | OrdinaryDividend |
| Dec 08, 2021 | $0.208 | CapitalGainLongTerm |
| Dec 10, 2020 | $0.249 | OrdinaryDividend |
| Dec 10, 2019 | $0.082 | OrdinaryDividend |
AXVNX - Fund Manager Analysis
Managers
Vito Sciaraffia
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Vito Sciaraffia serves as Chief Investment Officer of Innealta Capital, LLC. In addition, Dr. Sciaraffia served as Chief Investment Officer of Innealta Capital, a division of AFAM Capital Inc., since October 1st, 2015 to July 31st, 2018. In his Chief Investment Officer role, Dr. Sciaraffia is responsible for ensuring prudent management of all client assets, designing quantitative strategies, and leading the research activities of the investment team. His professional experience focuses heavily on the quantitative evaluation of equity securities and financial markets. Also, Dr. Sciaraffia is actively involved with clients through conference presentations, training activities, webinars, and written market commentaries. Dr. Sciaraffia has been in the financial industry since 2004. His previous work experience includes: Senior Researcher on the Strategy Research Team at Dimensional Fund Advisors, from May 2013 to June 2015, where he conducted empirical asset pricing research, wrote research papers, enhanced the design of investment strategies, and collaborated with their marketing and sales departments by delivering technical presentations to various clients and Academic in the Finance Department at the McCombs School of Business at the University of Texas at Austin from January 2012 to May 2013 and January 2017 to present, where he focuses his research on empirical asset pricing and has taught the core Investment Management course and the Quantitative Investment Strategies course for graduate students. In addition, Dr. Sciaraffia has served as a Management Associate in the Investment Banking Division at Citigroup, member of the Market Risk Team at JP Morgan, and consultant to multiple private and public organizations. Dr. Sciaraffia earned his PhD in Business Administration from the Haas School of Business at the University of California, Berkeley. In addition, he has an MA in Mathematics with an emphasis in stochastic processes and an MS in Business from the University of California, Berkeley, an MBA and an MS in Finance from the University of Chile, and a BS in Economics and Management from the Catholic University of Chile.
Sheridan Titman
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Dr. Titman is one of the pioneers of modern finance. His impact on the field is ubiquitous; he has published several textbooks and over 100 articles in the leading academic and practitioner journals. These articles, which have been recognized by a number of awards, have been cited over 70,000 times. Dr. Titman has served as President of the Western Finance Association (WFA), the American Finance Association (AFA) and the American Real Estate and Urban Economics Associations (AREUEA). He has also served on the boards of the WFA and the AFA, as well as on the boards of the Asian Pacific Finance Association and the Financial Management Association. In addition to his academic work, Dr. Titman has consulted for asset management firms and served as a special assistant to the Assistant Secretary of the Treasury for Economic Policy. Dr. Titman is currently a Professor of Finance at the McCombs School of Business at The University of Texas at Austin. He has also served as a Professor at UCLA, Boston College, and the Hong Kong University of Science and Technology where he was one of the founding professors. He is also a research associate at both the National Bureau of Economic Research and the Asian Bureau of Finance and Economic Research and is a special term professor at the Shanghai Advanced Institute of Finance. Through his research, Dr. Titman has changed the way Investment Managers design and manage their portfolios. Some of his most notable contributions are his insights about momentum in the cross-section of equity returns, which constitutes an important part of the toolkit that quantitative asset managers use worldwide.
Glenn Freed
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Glenn S. Freed holds a PhD in accounting from The Leventhal School of Accounting, The Marshall School of Business at the University of Southern California and a BS with high honors in accounting from the University of Florida. He has more than 15 years of experience in investment management. Prior to joining the Vericimetry Advisors LLC, Dr. Freed worked from 2000 to 2010, as a Vice President, for an investment management firm involved in quantitative investment research, analysis and portfolio construction. Dr. Freed is part of the team responsible for the research, design and implementation of Innealta Capital, LLC investment strategies. Also, Dr. Freed provides oversight of the marketing initiatives and interacting with clients. Dr. Freed has over 30 years of work experience in asset management, wealth management, tax advising, tax and accounting research and education. Before joining Acclivity Investment Research, Dr. Freed held senior positions at several financial services companies: Chief Investment Officer at LourdMurray; Chief Executive Officer and Chief Investment Officer at Vericimetry Advisors; and Vice President at Dimensional Fund Advisors. Previously, Dr. Freed was Associate Dean of the Leventhal School of Accounting and Academic Director of the Master of Business Taxation Program at the University of Southern California.
Yuxing Zhang
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Yuxing Zhang, FRM, is a Portfolio Manager and Quantitative Research Analyst of Innealta Capital, joined Innealta Capital 2017. Mr. Zhang is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Zhang received a B.S. degree in Applied Mathematics and a B.A in Economics from the Southwestern University of Finance and Economics in 2014 and a M.S. in Financial Mathematics from the University of Chicago in 2016.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.37 | 3.58 |