![]() ![]() Hours are very shotty and can be either very good or very bad. Fixed-income markets suffered one of the worst years in memory, but the investments among the Sextant Funds proved resilient. The store manager always joked about not having a life outside work, and wishing the place. ![]() That downside protection was provided not only by the equity funds but also by the hybrid and bond funds. No investor enjoys a decline in value, but in 2022 the Sextant Funds’ performance mitigated the downdrafts experienced across the competition, as shown in the table below, and provided returns well ahead of Morningstar category averages. How did the Sextant Funds perform in this environment? To paraphrase the old chestnut, when the going gets tough, the tough provide downside protection. NEW YORK, NY Tekashi 6ix9ine helped take down the Nine Trey Gangsta Bloods gang after testifying against Aljermiah Nuke Mack and Anthony Harv Ellison l. 1 Since the end of World War II there have been only three years when the S&P 500 declined by a greater percentage than in 2022: 1974, following the previous year’s OPEC oil price hikes 2002, following the 2001 Dot Com crash and amid growing tensions over possible war in Iraq and 2008, as mentioned above. These combined forces, abetted by high valuations, drove equities to their worst annual performance since 2008 and the Global Financial Crisis. In 2022, three consecutive years of highly remunerative stock market returns collided with persistent inflation, the Federal Reserve pushing rates sharply higher, and Russia’s invasion of Ukraine causing food and energy prices to soar. ![]() Sextant Bond Income & Short-Term Bond Funds »
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