C000173478 Performance — U.S. Sector Rotation Fund, Class NAV
Data updated: 2026-07-27
C000173478 returned +11.12% year to date and +29.35% over one year to May 2026. Annualised returns are +23.12% over 3 years and +13.40% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $187, against $165 for the category, and to $129 over one year, against $122. Volatility over the past three years was 13.34% a year. In the 12 months to May 2026 the fund lost a net $539.7M, and assets reached $5.32B.
C000173478 Growth of $100
What $100 invested in U.S. Sector Rotation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | C000173478 | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $129 | $122 |
| 3 years (Jun 2023 – May 2026) | $187 | $165 |
| 5 years (Jun 2021 – May 2026) | $188 | $164 |
| Since data start (Sep 2019 – May 2026) | $275 | $229 |
C000173478 Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.12% |
| 1 year | +29.35% |
| 3 years (annualised) | +23.12% |
| 5 years (annualised) | +13.40% |
C000173478 Annual Returns
Calendar-year total returns of U.S. Sector Rotation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.12% |
| 2025 | +17.27% |
| 2024 | +24.54% |
| 2023 | +24.87% |
| 2022 | −18.56% |
| 2021 | +28.01% |
| 2020 | +17.10% |
| 2019 (Sep–Dec) | +11.20% |
C000173478 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 | +1.4% | −0.8% | −5.0% | +10.5% | +5.3% | — | — | — | — | — | — | — |
| 2025 | +2.7% | −1.4% | −5.7% | −0.8% | +6.3% | +5.1% | +2.2% | +1.9% | +3.6% | +2.4% | +0.1% | 0.0% |
| 2024 | +1.8% | +5.3% | +3.1% | −4.1% | +4.9% | +3.6% | +1.1% | +2.4% | +2.0% | −0.9% | +5.9% | −2.3% |
| 2023 | +5.6% | −2.8% | +3.7% | +1.6% | +0.3% | +6.7% | +3.2% | −1.5% | −4.8% | −2.3% | +9.2% | +4.5% |
| 2022 | −5.2% | −3.0% | +3.8% | −8.6% | 0.0% | −8.3% | +8.5% | −4.2% | −9.1% | +8.2% | +5.5% | −5.5% |
| 2021 | −1.1% | +3.0% | +4.3% | +5.1% | +0.9% | +2.4% | +2.2% | +2.8% | −4.8% | +7.1% | −0.9% | +4.5% |
| 2020 | 0.0% | −8.3% | −12.3% | +12.6% | +4.6% | +1.3% | +5.4% | +7.5% | −4.0% | −2.6% | +11.0% | +3.9% |
| 2019 | — | — | — | — | — | — | — | — | +2.2% | +2.1% | +3.5% | +2.9% |
C000173478 Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 13.34%
- 3-year Sharpe ratio: 1.40 (vs 4.5% risk-free rate)
- Best month: +10.49% (Apr 2026)
- Worst month: −5.68% (Mar 2025)
C000173478 Fund Flows
Monthly money in and out of U.S. Sector Rotation Fund, from SEC Form N-PORT.
- 12-month net flow: −$539.7M
- 12-month gross sales (incl. reinvestments): $611.4M
- Sales ÷ redemptions: 0.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $58.5M | $55.0M | $3.6M |
| Apr 2026 | $7.4M | $91.2M | −$83.8M |
| Mar 2026 | $10.3M | $151.1M | −$140.8M |
| Feb 2026 | $41.4M | $233.9M | −$192.5M |
| Jan 2026 | $14.9M | $30.8M | −$15.9M |
| Dec 2025 | $310.5M | $45.1M | $265.4M |
| Nov 2025 | $28.9M | $52.4M | −$23.5M |
| Oct 2025 | $86.0M | $24.3M | $61.7M |
| Sep 2025 | $11.7M | $29.5M | −$17.8M |
| Aug 2025 | $33.8M | $40.3M | −$6.6M |
| Jul 2025 | $3.3M | $216.0M | −$212.7M |
| Jun 2025 | $4.8M | $181.6M | −$176.8M |
C000173478 Assets Under Management
Net assets of U.S. Sector Rotation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $5.32B |
| 2026-02-28 | $5.03B |
| 2025-11-30 | $5.24B |
| 2025-08-31 | $4.91B |
| 2025-05-31 | $4.86B |
| 2025-02-28 | $5.09B |
| 2024-11-30 | $4.79B |
| 2024-08-31 | $4.54B |
| 2024-05-31 | $4.17B |
| 2024-02-29 | $3.70B |
| 2023-11-30 | $3.46B |
| 2023-08-31 | $3.18B |
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.