C000010404 Performance — Inverse Government Long Bond Strategy Fund, Variable Annuity
Data updated: 2026-08-21
C000010404 returned +1.33% year to date and +2.80% over one year to Jun 2026. Annualised returns are +8.29% over 3 years and +11.35% over 5 years. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $127, against $35 for the category, and to $103 over one year, against $68. Volatility over the past three years was 13.67% a year. In the 12 months to Jun 2026 the fund lost a net $303K, and assets reached $1.48M.
C000010404 Growth of $100
What $100 invested in Inverse Government Long Bond Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | C000010404 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $68 |
| 3 years (Jul 2023 – Jun 2026) | $127 | $35 |
| 5 years (Jul 2021 – Jun 2026) | $171 | $34 |
| Since data start (Jul 2019 – Jun 2026) | $141 | $11 |
C000010404 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.33% |
| 1 year | +2.80% |
| 3 years (annualised) | +8.29% |
| 5 years (annualised) | +11.35% |
C000010404 Annual Returns
Calendar-year total returns of Inverse Government Long Bond Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.33% |
| 2025 | +1.85% |
| 2024 | +16.90% |
| 2023 | +4.23% |
| 2022 | +46.20% |
| 2021 | +0.97% |
| 2020 | −21.09% |
| 2019 (Jul–Dec) | −4.04% |
C000010404 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | −4.2% | +4.4% | +1.2% | −0.1% | −0.9% | — | — | — | — | — | — |
| 2025 | +0.4% | −5.0% | +1.9% | +1.3% | +4.0% | −1.9% | +1.7% | +0.7% | −2.8% | −0.8% | +0.1% | +2.6% |
| 2024 | +3.4% | +2.6% | −0.2% | +7.9% | −2.1% | −1.3% | −2.9% | −1.5% | −1.2% | +6.3% | −1.6% | +7.0% |
| 2023 | −5.5% | +5.3% | −4.4% | +0.4% | +3.3% | +0.4% | +3.3% | +3.9% | +8.8% | +6.1% | −8.5% | −7.2% |
| 2022 | +5.4% | +1.0% | +5.0% | +11.2% | +1.9% | +1.2% | −2.8% | +4.5% | +9.0% | +7.1% | −6.5% | +2.7% |
| 2021 | +4.5% | +6.1% | +6.1% | −2.8% | −0.5% | −4.7% | −4.4% | +0.1% | +3.1% | −3.6% | −3.9% | +1.9% |
| 2020 | −7.9% | −7.2% | −11.3% | −1.2% | +2.5% | −0.7% | −5.5% | +7.0% | −0.9% | +4.4% | −2.2% | +1.1% |
| 2019 | — | — | — | — | — | — | −0.1% | −11.4% | +3.1% | +1.3% | +0.2% | +3.6% |
C000010404 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.67%
- 3-year Sharpe ratio: 0.28 (vs 4.5% risk-free rate)
- Best month: +8.83% (Sep 2023)
- Worst month: −8.49% (Nov 2023)
C000010404 Fund Flows
Monthly money in and out of Inverse Government Long Bond Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: −$303K
- 12-month gross sales (incl. reinvestments): $71.4M
- Sales ÷ redemptions: 1.00×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $24.9M | $29.7M | −$4.8M |
| May 2026 | $5.2M | $308K | $4.9M |
| Apr 2026 | $10.6M | $10.9M | −$286K |
| Mar 2026 | $9.8M | $9.6M | $171K |
| Feb 2026 | $919K | $922K | −$3K |
| Jan 2026 | $9.7M | $9.7M | −$15K |
| Dec 2025 | $3.6M | $3.7M | −$96K |
| Nov 2025 | $3.4M | $3.4M | $5K |
| Oct 2025 | $486K | $464K | $22K |
| Sep 2025 | $827K | $950K | −$123K |
| Aug 2025 | $672K | $668K | $4K |
| Jul 2025 | $1.3M | $1.3M | −$86K |
C000010404 Assets Under Management
Net assets of Inverse Government Long Bond Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.48M |
| 2026-03-31 | $1.67M |
| 2025-12-31 | $1.33M |
| 2025-09-30 | $1.32M |
| 2025-06-30 | $1.67M |
| 2025-03-31 | $1.99M |
| 2024-12-31 | $4.66M |
| 2024-09-30 | $2.71M |
| 2024-06-30 | $3.27M |
| 2024-03-31 | $2.24M |
| 2023-12-31 | $1.87M |
| 2023-09-30 | $3.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.