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15 important things you should know about Adirondack Funds ADKSX mutual fund

Updated: September 19, 2020
29
Bull Case
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio

Before we start: if you’re looking for ADKSX “stock” price, you can quickly find it out by visiting Finny and typing "ADKSX quote". If you’re looking for a quick scoop on ADKSX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ADKSX". You’ll get all this info in one place.

Are you looking to buy or sell ADKSX? Or perhaps you’re looking for ADKSX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ADKSX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ADKSX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ADKSX buy or sell; the pros and cons of investing in ADKSX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ADKSX.

And here is the list of questions we’ll answer:

  1. Describe Adirondack Funds: Adirondack Small Cap Fund (ADKSX).
  2. What are ADKSX holdings?
  3. What is ADKSX performance? What are ADKSX historical returns?
  4. How many up and down years did ADKSX have historically?
  5. What is ADKSX dividend yield?
  6. What is ADKSX minimum initial investment amount?
  7. What is ADKSX expense ratio?
  8. Does ADKSX have any sales loads or 12b-1 distribution expenses?
  9. What is ADKSX tax efficiency (tax-cost ratio)?
  10. What is ADKSX beta? How would you assess ADKSX risk?
  11. What is ADKSX Sharpe ratio?
  12. What is ADKSX Finny Score? ADKSX buy or sell?
  13. What are the pros of investing in ADKSX? What are ADKSX buy reasons?
  14. What are the cons of investing in ADKSX? What are ADKSX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Adirondack Funds: Adirondack Small Cap Fund (ADKSX).

The Fund seeks long-term capital appreciation. Under normal circumstances, at least 80% of the Fund's total assets will be invested in common stocks of small capitalization companies.

2. What are ADKSX top holdings?

ADKSX has 58 stock holdings and 0 bond holdings.

The top 10 holdings represent 35.14% of total assets. Here are the top holdings:

Name Symbol % Assets
Adtran Inc ADTN 3.79%
CNO Financial Group Inc CNO 3.76%
Unisys Corp UIS 3.74%
Office Depot Inc ODP 3.72%
Vista Outdoor Inc VSTO 3.61%
Vonage Holdings Corp VG 3.50%
Limelight Networks Inc LLNW 3.45%
Seaboard Corp SEB 3.39%
Covanta Holding Corp CVA 3.11%
Mr. Cooper Group Inc COOP 3.07%

3. What is ADKSX performance? What are ADKSX historical returns?

ADKSX has generated the following returns:

  • 1-month return is 4.04%;
  • 3-month return is 3.49%;
  • 1-year return is -5.48%;
  • 3-year return is -7.88%;
  • 5-year return is -0.57%;
  • 10-year return is 5.55%;
  • 15-year return is 5.37%.

4. How many up and down years did ADKSX have historically?

In the last 10 years, ADKSX had 7 up years and 3 down years. See Performances

5. What is ADKSX dividend yield?

ADKSX yield is 0%.

6. What is ADKSX minimum initial investment amount?

ADKSX minimum initial investment amount is N/A.

7. What is ADKSX expense ratio?

ADKSX expense ratio is 1.24%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does ADKSX have any sales loads or 12b-1 distribution expenses?

ADKSX 12b-1 distribution fee is 0. ADKSX front-end sales load is 0. ADKSX back-end sales load is 0.

9. What is ADKSX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.07%;
  • 3-year ax cost ratio is 1.95%.

See Taxes

10. What is ADKSX beta? How would you assess ADKSX risk?

  • 3-year beta is 1.38;
  • 5-year beta is 1.28;
  • 10-year beta is 1.22.

See Risks

11. What is ADKSX Sharpe ratio?

  • 3-year Sharpe ratio is -0.33;
  • 5-year Sharpe ratio is -0.10;
  • 10-year Sharpe ratio is 0.34.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 29. Our quantitative analysis shows 2 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 29.

13. What are the pros of investing in ADKSX? What are ADKSX buy reasons?

The following are ADKSX strengths from our perspective:

  • <strong>ADKSX 15-year return</strong> is 5.37%, which is higher than the 15-year return of the benchmark index (Russell 2000 Value TR USD), 5.3%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in ADKSX? What are ADKSX negatives?

The following are ADKSX weaknesses from our perspective:

  • <strong>ADKSX net assets</strong> are $100.50 million. This fund is not a popular choice with retail investors.
  • <strong>ADKSX 3-year return</strong> is -7.88%, which is lower than the 3-year return of the benchmark index (Russell 2000 Value TR USD), -1.51%.
  • <strong>ADKSX 5-year return</strong> is -0.57%, which is lower than the 5-year return of the benchmark index (Russell 2000 Value TR USD), 4.92%.
  • <strong>ADKSX 10-year return</strong> is 5.55%, which is lower than the 10-year return of the benchmark index (Russell 2000 Value TR USD), 8.05%.
  • <strong>ADKSX expense ratio</strong> is 1.24%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ADKSX review, we covered ADKSX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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