Fund Evaluator:
Absolute Capital Asset Allocator Instl (AAMIX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Absolute Capital Asset Allocator Instl Overview
Absolute Capital Asset Allocator Instl (AAMIX) is an actively managed Allocation Tactical Allocation fund. Absolute Capital launched the fund in 2015.
The investment seeks long term capital appreciation. The fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds ("ETFs") and closed-end funds (collectively, "underlying funds") in domestic and foreign (including emerging markets) (i) fixed income securities of any maturity or credit quality (including "junk bonds"); (ii) equity securities of any market capitalization; and (iii) exchange traded notes ("ETNs").
About Absolute Capital Asset Allocator Instl (AAMIX)
There are 2 members of the management team with an average tenure of 7.22 years: Phillip Gebben (2015), Alexander Barned (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: DJ Conservative TR USD index with a weighting of 100% and DJ Moderately Conservative TR USD index with a weighting of 100%. Absolute Capital Asset Allocator Instl has 30 securities in its portfolio. The top 10 holdings constitute 58.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Absolute Capital Asset Allocator Instl is part of the Allocation global asset class and is within the Allocation fund group. Absolute Capital Asset Allocator Instl has 15.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 70.3%. There is 13.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 4.3% (2.0% domestic bond, 2.3% foreign bond and 0.0% convertible bond). Absolute Capital Asset Allocator Instl has 12.3% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $224 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AAMIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Absolute Capital Asset Allocator Instl expense ratio is high compared to funds in the Tactical Allocation category. Absolute Capital Asset Allocator Instl has an expense ratio of 1.57%, which is 11% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Absolute Capital Asset Allocator Instl has a portfolio turnover rate of 78%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 207% for the Tactical Allocation category.
Recently, in the month of August 2026, Absolute Capital Asset Allocator Instl returned 2.7%, which earned it a grade of B, as the Tactical Allocation category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Absolute Capital Asset Allocator Instl has a trailing yield of 0.00%, which is below the 2.80% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Absolute Capital Asset Allocator Instl Grades
Year to date, the fund has returned 11.8%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 15.3% over the past year (grade of C), 13.3% over the past three years (grade of B) and 5.6% per year over the past five years (grade of C) and 6.4% per year over the past 10 years (grade of C).
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AAMIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AAMIX Return (NAV) | 2.7% | 2.4% | 15.3% | 13.3% | 5.6% | 6.4% |
| AAMIX Grade | B | A | C | B | C | C |
| +/- Category | 0.6% | 1.6% | -0.8% | 1.1% | 0.1% | -0.1% |
| Tactical Allocation Avg | 2.1% | 0.8% | 16.1% | 12.2% | 5.5% | 6.5% |
| AAMIX Tax Cost Ratio | na | na | 0.5% | 0.5% | 0.8% | 0.9% |
AAMIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AAMIX Return (NAV) | 11.8% | 10.9% | 11.3% | 13.4% | -18.4% | 15.2% | 5.6% | 10.5% | -5.7% | 11.4% | 4.2% |
| AAMIX Grade | B | D | B | B | F | B | C | D | C | D | D |
| +/- Category | 1.1% | -1.8% | 2.3% | 2.6% | -5.4% | 2.5% | -4.5% | -3.0% | 0.6% | -1.8% | -1.4% |
| Tactical Allocation Avg | 10.7% | 12.7% | 9.0% | 10.8% | -13.0% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 9.7% |
| Total Risk Index: | 0.80 - Average |
| Category Risk Index: | 0.96 - Average |
| Category Risk Grade: | C (52% Rank) |
| Beta: | 0.94 |
| R-Squared: | 78% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $82 Mil |
| Fund Total Assets: | $ 2 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 78% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.7 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Gebben Phillip (2015), Barned Alexander (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 58.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.4% |
Portfolio Allocation |
|
| Domestic Stock: | 70.3% |
| Foreign Stock: | 13.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 2.0% |
| Foreign Bond: | 2.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 12.3% |
Purchase Information
| Fund Family: | Absolute Capital |
| Phone Number: | 877-594-1249 |
| Website: | www.boydwatterson.com |
| Status: | Open |
| Inception Date: | December 18, 2015 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.57% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Absolute Capital Asset Allocator Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
