C000023915 Performance — Global Small Capitalization Fund, Class 2
Data updated: 2026-08-27
C000023915 returned +16.39% year to date and +23.59% over one year to Jun 2026. Annualised returns are +12.49% over 3 years and +1.50% over 5 years. Against its Global Mid-Cap Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $142, against $147 for the category, and to $124 over one year, against $119. Volatility over the past three years was 16.06% a year. In the 12 months to Jun 2026 the fund lost a net $717.5M, and assets reached $2.56B.
C000023915 Growth of $100
What $100 invested in Global Small Capitalization Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Growth category average over the same months.
| Period | C000023915 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $124 | $119 |
| 3 years (Jul 2023 – Jun 2026) | $142 | $147 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $126 |
| Since data start (Jul 2019 – Jun 2026) | $169 | $193 |
C000023915 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.39% |
| 1 year | +23.59% |
| 3 years (annualised) | +12.49% |
| 5 years (annualised) | +1.50% |
C000023915 Annual Returns
Calendar-year total returns of Global Small Capitalization Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +16.39% |
| 2025 | +14.63% |
| 2024 | +2.33% |
| 2023 | +16.17% |
| 2022 | −29.56% |
| 2021 | +6.74% |
| 2020 | +29.72% |
| 2019 (Jul–Dec) | +9.45% |
C000023915 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 | +2.6% | +5.4% | −8.4% | +10.4% | +2.3% | +4.1% | — | — | — | — | — | — |
| 2025 | +2.3% | −4.4% | −4.5% | +1.2% | +7.6% | +6.2% | −0.7% | +4.0% | +0.3% | +1.0% | +2.0% | −0.5% |
| 2024 | −3.0% | +3.8% | +1.4% | −3.7% | +2.2% | 0.0% | +2.1% | +0.7% | +2.7% | −3.3% | +4.3% | −4.4% |
| 2023 | +9.3% | −2.2% | 0.0% | +0.2% | −1.4% | +5.5% | +3.5% | −5.0% | −5.9% | −6.0% | +9.6% | +9.5% |
| 2022 | −11.0% | −2.1% | −2.1% | −10.1% | −1.6% | −10.0% | +7.9% | −2.6% | −10.2% | +4.8% | +8.8% | −3.6% |
| 2021 | +1.3% | +4.5% | −1.9% | +5.5% | −1.6% | +2.7% | −1.0% | +3.6% | −4.4% | +3.9% | −5.1% | −0.3% |
| 2020 | −2.5% | −5.5% | −18.9% | +13.3% | +9.5% | +4.2% | +4.6% | +4.5% | −0.1% | −0.5% | +14.8% | +7.6% |
| 2019 | — | — | — | — | — | — | +0.8% | −1.1% | −0.7% | +1.5% | +5.3% | +3.5% |
C000023915 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.06%
- 3-year Sharpe ratio: 0.50 (vs 4.5% risk-free rate)
- Best month: +10.40% (Apr 2026)
- Worst month: −8.41% (Mar 2026)
C000023915 Fund Flows
Monthly money in and out of Global Small Capitalization Fund, from SEC Form N-PORT.
- 12-month net flow: −$717.5M
- 12-month gross sales (incl. reinvestments): $522.1M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $398.5M | $48.4M | $350.1M |
| May 2026 | $10.4M | $33.2M | −$22.9M |
| Apr 2026 | $19.5M | $675.6M | −$656.1M |
| Mar 2026 | $12.3M | $45.1M | −$32.8M |
| Feb 2026 | $8.1M | $46.2M | −$38.1M |
| Jan 2026 | $8.4M | $39.7M | −$31.3M |
| Dec 2025 | $18.7M | $36.4M | −$17.7M |
| Nov 2025 | $8.0M | $32.3M | −$24.3M |
| Oct 2025 | $9.7M | $38.6M | −$28.9M |
| Sep 2025 | $9.3M | $38.3M | −$29.0M |
| Aug 2025 | $10.3M | $139.5M | −$129.2M |
| Jul 2025 | $8.9M | $66.4M | −$57.4M |
C000023915 Assets Under Management
Net assets of Global Small Capitalization Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.56B |
| 2026-03-31 | $2.83B |
| 2025-12-31 | $2.96B |
| 2025-09-30 | $2.96B |
| 2025-06-30 | $3.07B |
| 2025-03-31 | $2.73B |
| 2024-12-31 | $2.99B |
| 2024-09-30 | $3.17B |
| 2024-06-30 | $3.06B |
| 2024-03-31 | $3.17B |
| 2023-12-31 | $3.19B |
| 2023-09-30 | $2.86B |
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.