C000213577 Performance — Diversified Macro Fund, Class NAV
Data updated: 2026-09-25
C000213577 returned +10.84% year to date and +7.08% over one year to Jul 2026. Annualised returns are +1.03% over 3 years and +3.27% over 5 years. Against its Short-Term Government Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $103, against $114 for the category, and to $107 over one year, against $103. Volatility over the past three years was 10.08% a year. In the 12 months to Jul 2026 the fund lost a net $182.5M, and assets reached $1.17B.
C000213577 Growth of $100
What $100 invested in Diversified Macro Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | C000213577 | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $103 | $114 |
| 5 years (Aug 2021 – Jul 2026) | $117 | $110 |
| Since data start (Aug 2019 – Jul 2026) | $118 | $118 |
C000213577 Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.84% |
| 1 year | +7.08% |
| 3 years (annualised) | +1.03% |
| 5 years (annualised) | +3.27% |
C000213577 Annual Returns
Calendar-year total returns of Diversified Macro Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.84% |
| 2025 | −7.55% |
| 2024 | +2.73% |
| 2023 | +2.77% |
| 2022 | +12.42% |
| 2021 | −2.06% |
| 2020 | −2.23% |
| 2019 (Aug–Dec) | +1.56% |
C000213577 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 | +3.9% | +3.7% | −2.4% | +3.4% | +1.0% | +0.3% | +0.5% | — | — | — | — | — |
| 2025 | +2.4% | +0.9% | −1.4% | −8.2% | +0.8% | +0.1% | +1.3% | −1.5% | +0.9% | −0.2% | −1.3% | −1.3% |
| 2024 | +3.4% | +5.5% | +4.9% | +0.1% | −3.2% | +0.9% | −3.1% | −6.0% | +1.4% | −3.0% | +1.0% | +1.5% |
| 2023 | +3.1% | +2.8% | −4.9% | +0.8% | +0.7% | +1.0% | +1.5% | +1.5% | +3.2% | −1.7% | −1.7% | −3.3% |
| 2022 | +2.0% | +2.0% | +6.3% | +5.6% | +0.3% | +0.9% | −1.1% | +1.2% | 0.0% | +2.3% | −2.6% | −4.7% |
| 2021 | −1.2% | +1.0% | −1.0% | +2.4% | +0.4% | +0.5% | −0.7% | −0.9% | −0.5% | +0.4% | −3.2% | +0.8% |
| 2020 | −2.4% | −5.2% | −1.7% | +1.4% | +1.2% | −0.7% | +3.4% | +1.2% | −2.5% | +1.0% | +0.3% | +2.0% |
| 2019 | — | — | — | — | — | — | — | +3.4% | −0.4% | −0.8% | +1.3% | −1.9% |
C000213577 Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.08%
- 3-year Sharpe ratio: -0.34 (vs 4.5% risk-free rate)
- Best month: +5.47% (Feb 2024)
- Worst month: −8.15% (Apr 2025)
C000213577 Fund Flows
Monthly money in and out of Diversified Macro Fund, from SEC Form N-PORT.
- 12-month net flow: −$182.5M
- 12-month gross sales (incl. reinvestments): $552.4M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $36.7M | $48.0M | −$11.4M |
| Jun 2026 | $286.5M | $12.7M | $273.9M |
| May 2026 | $14.6M | $53.1M | −$38.5M |
| Apr 2026 | $10.9M | $15.6M | −$4.7M |
| Mar 2026 | $11.5M | $23.2M | −$11.7M |
| Feb 2026 | $21.9M | $23.9M | −$2.0M |
| Jan 2026 | $40.9M | $98.4M | −$57.5M |
| Dec 2025 | $55.8M | $112.3M | −$56.5M |
| Nov 2025 | $15.4M | $106.8M | −$91.4M |
| Oct 2025 | $17.6M | $119.5M | −$101.9M |
| Sep 2025 | $18.1M | $36.1M | −$18.0M |
| Aug 2025 | $22.4M | $85.2M | −$62.8M |
C000213577 Assets Under Management
Net assets of Diversified Macro Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.17B |
| 2026-04-30 | $924.48M |
| 2026-01-31 | $900.65M |
| 2025-10-31 | $1.10B |
| 2025-07-31 | $1.29B |
| 2025-04-30 | $1.37B |
| 2025-01-31 | $1.75B |
| 2024-10-31 | $1.86B |
| 2024-07-31 | $1.98B |
| 2024-04-30 | $1.68B |
| 2024-01-31 | $1.46B |
| 2023-10-31 | $1.37B |
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.