Absolute Flexible Instl (FLXIX)

Fund Assets	34.89M
Expense Ratio	1.496%
Min. Investment	$25,000
Turnover	73.00%
Dividend (ttm)	0.27
Dividend Yield	2.39%
Dividend Growth	-33.34%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 30, 2026

Previous Close	11.51
YTD Return	6.57%
1-Year Return	7.77%
5-Year Return	n/a
52-Week Low	10.91
52-Week High	11.88
Beta (5Y)	n/a
Holdings	63
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.

• Fund Family: Absolute Strategies
• Category: Convertibles
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: FLXIX
• Share Class: Institutional Shares
• Index: Index is not provided by Management Company

Performance

FLXIX had a total return of 7.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.25%.

Top 10 Holdings

45.33% of assets

Name	Symbol	Weight
First American Treasury Obligs X	FXFXX	14.20%
T1 ENERGY INC - T1 Energy, Inc.	TE.5.25 12.01.30	4.22%
A10 NETWORKS INC - A10 Networks, Inc. 2.75 04/01/30	ATEN.2.75 04.01.30	4.14%
VARONIS SYSTEMS INC - Varonis Systems, Inc.	VRNS.1 09.15.29	3.55%
COMMVAULT SYSTEMS INC - Commvault Systems, Inc.	n/a	3.48%
Datadog Inc 0 12/01/29	DDOG.0 12.01.29	3.47%
Cohu Inc	COHU.1.5 01.15.31	3.45%
BLACKSKY TECHNOLOGY INC - BlackSky Technology, Inc.	BKSY.8.25 08.01.33	3.14%
ON Semiconductor Corp.	ON.0.5 03.01.29	2.94%
UNITY SOFTWARE INC - Unity Software, Inc.	U.0 03.15.30	2.76%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2026	$0.1199	Jun 30, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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