Fund Evaluator:
Tandem Fund (TANDX)
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Best Performing in Aggressive Allocation Over the Last Year
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| 18.8% | Thrivent Aggressive Allocation S (TAAIX) |
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Fund Details
Tandem Fund Overview
Tandem Fund (TANDX) is an actively managed Allocation Aggressive Allocation fund. Tandem Fund launched the fund in 2019.
The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests primarily in common stocks of large-capitalization companies. It generally considers a company to be a large-capitalization company if, at the time of purchase, its market capitalization is $15 billion or more. Although the fund invests primarily in large-capitalization companies it may also invest in small and medium capitalization companies. It may invest in foreign securities, including sponsored ADRs.
About Tandem Fund (TANDX)
There are 4 members of the management team with an average tenure of 6.47 years: John Carew (2019), William Little (2019), Ben Carew (2019), Jordan Watson (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Tandem Fund has 37 securities in its portfolio. The top 10 holdings constitute 37.2% 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.
Tandem Fund is part of the Allocation global asset class and is within the Allocation fund group. Tandem Fund has 5.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.7%. There is 5.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tandem Fund has 22.9% of the portfolio in cash.
Assets Under Management
The fund has $16 million in total assets, which is below the $561 million average for the Aggressive 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.
TANDX 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 Tandem Fund expense ratio is above average compared to funds in the Aggressive Allocation category. Tandem Fund has an expense ratio of 0.66%, which is 42% lower than its category average, making the fund expense ratio grade a A. 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. Tandem Fund has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 47% for the Aggressive Allocation category.
Recently, in the month of July 2026, Tandem Fund returned 6.1%, which earned it a grade of A, as the Aggressive Allocation category had an average return of -0.6%. 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.
Tandem Fund has a trailing yield of 0.65%, which is below the 0.94% category average. The fund normally distributes its income 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.
Tandem Fund Grades
Year to date, the fund has returned -7.0%, 15.6 percentage points worse than the category, which translates into a grade of F. The fund has returned -8.4% over the past year (grade of F), 1.8% over the past three years (grade of F) and 2.3% per year over the past five years (grade of F).
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TANDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TANDX Return (NAV) | 6.1% | 1.4% | -8.4% | 1.8% | 2.3% | na |
| TANDX Grade | A | F | F | F | F | na |
| +/- Category | 6.7% | -1.9% | -24.7% | -12.6% | -5.4% | na |
| Aggressive Allocation Avg | -0.6% | 3.3% | 16.4% | 14.4% | 7.7% | 10.5% |
| TANDX Tax Cost Ratio | na | na | 1.5% | 1.1% | 1.0% | na |
TANDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TANDX Return (NAV) | -7.0% | 3.6% | 7.6% | 8.4% | -7.4% | 19.1% | 13.4% | na | na | na | na |
| TANDX Grade | F | F | F | F | A | B | D | na | na | na | na |
| +/- Category | -15.6% | -11.5% | -8.0% | -11.9% | 12.2% | -0.0% | -4.2% | na | na | na | na |
| Aggressive Allocation Avg | 8.6% | 15.1% | 15.6% | 20.4% | -19.6% | 19.1% | 17.6% | 25.8% | -9.0% | 20.2% | 8.3% |
| Risk Measures | |
| Standard Deviation: | 10.4% |
| Total Risk Index: | 0.85 - Average |
| Category Risk Index: | 0.79 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.67 |
| R-Squared: | 37% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $16 Mil |
| Fund Total Assets: | $ 16 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 17% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): Carew John (2019), Little William (2019), Carew Ben (2019), Watson Jordan (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 37.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.5% |
Portfolio Allocation |
|
| Domestic Stock: | 71.7% |
| Foreign Stock: | 5.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 22.9% |
Purchase Information
| Fund Family: | Tandem Fund |
| Phone Number: | 877-743-7820 |
| Website: |
| Status: | Open |
| Inception Date: | March 15, 2019 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.66% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | Tandem Fund |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
