Absolute Flexible Fund Institutional Shares (FLXIX)
| Fund Assets | 32.55M |
| Expense Ratio | 1.52% |
| Min. Investment | $25,000 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.64 |
| Dividend Yield | 5.75% |
| Dividend Growth | 19.64% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 11.07 |
| YTD Return | 1.83% |
| 1-Year Return | 13.12% |
| 5-Year Return | n/a |
| 52-Week Low | 9.68 |
| 52-Week High | 11.14 |
| Beta (5Y) | n/a |
| Holdings | 57 |
| Inception Date | Jun 30, 2022 |
About FLXIX
Absolute Flexible Fund Institutional Shares is an open-end mutual fund designed to achieve positive absolute returns over the long term with lower volatility than traditional market indices. Its primary function is to invest in a diversified portfolio of convertible securities issued by both U.S. and foreign companies, focusing on bonds that trade below par or where downside risk is limited by the credit quality or maturity of the security. The fund employs a flexible, opportunistic credit strategy, allowing for individualized security hedging and concentrated 'best ideas' positions. This approach introduces greater sensitivity to security and credit selection as well as equity market volatility, which can result in higher long-term upside potential and asymmetric equity exposure compared to more traditional convertible arbitrage funds. Launched in June 2022, the fund serves as a higher risk/return alternative within the broader Absolute Funds family, complementing both the alternatives and fixed income allocations in diversified portfolios. Its strategy and structure make it notable for investors seeking potential enhanced returns in the convertible bond market while maintaining a disciplined focus on risk management and capital preservation.
Performance
FLXIX had a total return of 13.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.62%.
Top 10 Holdings
38.93% of assets| Name | Symbol | Weight |
|---|---|---|
| Lumentum Holdings Inc. - Lumentum Holdings, Inc. | LITE.0.5 12.15.26 | 5.36% |
| Unity Software Inc - Unity Software, Inc. | U.0 03.15.30 | 4.30% |
| Upwork Inc - Upwork, Inc. | UPWK.0.25 08.15.26 | 3.86% |
| Xometry Inc - Xometry, Inc. | XMTR.1 02.01.27 | 3.84% |
| Penguin Solutions Inc - Penguin Solutions, Inc | PENG.2 08.15.30 | 3.79% |
| IMAX Corporation - IMAX Corp | IMAX.0.5 04.01.26 | 3.74% |
| GameStop Corp. | GME.0 06.15.32 | 3.64% |
| Parsons Corporation - Parsons Corp. | PSN.2.625 03.01.29 | 3.63% |
| Fastly Inc. - Fastly, Inc. | FSLY.7.75 06.01.28 | 3.38% |
| Itron, Inc. | ITRI.0 03.15.26 | 3.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.1522 | Dec 31, 2025 |
| Dec 12, 2025 | $0.3026 | Dec 12, 2025 |
| Jun 30, 2025 | $0.1837 | Jun 30, 2025 |
| Dec 31, 2024 | $0.2245 | Dec 31, 2024 |
| Dec 12, 2024 | $0.0595 | Dec 12, 2024 |
| Jun 28, 2024 | $0.2497 | Jun 28, 2024 |