C000129443 Performance — The Gold Bullion Strategy Portfolio
Data updated: 2026-08-14
C000129443 returned −8.01% year to date and +18.38% over one year to Jun 2026. Annualised returns are +24.69% over 3 years and +14.38% over 5 years. Against its Commodities category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $194, against $165 for the category, and to $118 over one year, against $130. Volatility over the past three years was 18.14% a year. In the 12 months to Jun 2026 the fund took in a net $438K, and assets reached $41.22M.
C000129443 Growth of $100
What $100 invested in The Gold Bullion Strategy Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | C000129443 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $118 | $130 |
| 3 years (Jul 2023 – Jun 2026) | $194 | $165 |
| 5 years (Jul 2021 – Jun 2026) | $196 | $171 |
| Since data start (Jan 2020 – Jun 2026) | $216 | $202 |
C000129443 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.01% |
| 1 year | +18.38% |
| 3 years (annualised) | +24.69% |
| 5 years (annualised) | +14.38% |
C000129443 Annual Returns
Calendar-year total returns of The Gold Bullion Strategy Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −8.01% |
| 2025 | +59.61% |
| 2024 | +24.33% |
| 2023 | +10.51% |
| 2022 | −5.06% |
| 2021 | −5.89% |
| 2020 | +19.69% |
C000129443 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 | +12.1% | +8.6% | −11.3% | −1.7% | −1.7% | −11.8% | — | — | — | — | — | — |
| 2025 | +6.5% | +1.4% | +9.4% | +5.0% | −0.3% | +0.2% | −0.8% | +5.4% | +10.8% | +3.5% | +5.2% | +2.0% |
| 2024 | −1.6% | +0.3% | +8.5% | +3.0% | +1.4% | −0.3% | +5.1% | +1.9% | +5.0% | +4.2% | −3.3% | −1.5% |
| 2023 | +5.6% | −5.5% | +7.7% | +0.8% | −1.6% | −2.4% | +2.2% | −1.6% | −5.0% | +7.3% | +2.4% | +1.1% |
| 2022 | −2.6% | +5.9% | +0.3% | −3.0% | −3.1% | −2.2% | −2.6% | −3.2% | −3.0% | −2.0% | +8.4% | +2.7% |
| 2021 | −3.3% | −6.8% | −1.2% | +3.5% | +7.7% | −7.3% | +2.6% | −0.2% | −3.6% | +1.3% | −0.9% | +3.2% |
| 2020 | +4.6% | −0.7% | −3.2% | +7.3% | +2.9% | +3.4% | +9.7% | −1.0% | −4.3% | −0.9% | −5.4% | +7.1% |
C000129443 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.14%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +12.07% (Jan 2026)
- Worst month: −11.82% (Jun 2026)
C000129443 Fund Flows
Monthly money in and out of The Gold Bullion Strategy Portfolio, from SEC Form N-PORT.
- 12-month net flow: $438K
- 12-month gross sales (incl. reinvestments): $57.0M
- Sales ÷ redemptions: 1.01×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.4M | $11.0M | −$6.6M |
| May 2026 | $4.4M | $7.6M | −$3.2M |
| Apr 2026 | $5.1M | $2.5M | $2.6M |
| Mar 2026 | $822K | $6.5M | −$5.6M |
| Feb 2026 | $5.2M | $4.9M | $359K |
| Jan 2026 | $3.2M | $4.3M | −$1.0M |
| Dec 2025 | $10.5M | $504K | $10.0M |
| Nov 2025 | $5.1M | $5.9M | −$824K |
| Oct 2025 | $4.7M | $4.6M | $95K |
| Sep 2025 | $4.8M | $3.3M | $1.5M |
| Aug 2025 | $4.0M | $2.8M | $1.2M |
| Jul 2025 | $4.7M | $2.7M | $2.0M |
C000129443 Assets Under Management
Net assets of The Gold Bullion Strategy Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $41.22M |
| 2026-03-31 | $56.70M |
| 2025-12-31 | $58.84M |
| 2025-09-30 | $49.12M |
| 2025-06-30 | $37.78M |
| 2025-03-31 | $35.06M |
| 2024-12-31 | $28.23M |
| 2024-09-30 | $28.52M |
| 2024-06-30 | $24.72M |
| 2024-03-31 | $22.35M |
| 2023-12-31 | $22.79M |
| 2023-09-30 | $20.52M |
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.