CPMPX Performance — Changing Parameters Fund
Data updated: 2026-10-14
CPMPX returned +0.75% year to date and +3.53% over one year to Jul 2026. Annualised returns are +5.37% over 3 years and +3.72% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $117, against $139 for the category, and to $104 over one year, against $114. Volatility over the past three years was 2.87% a year. In the 12 months to Jul 2026 the fund took in a net $961K, and assets reached $94.04M.
CPMPX Growth of $100
What $100 invested in Changing Parameters Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | CPMPX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $117 | $139 |
| 5 years (Aug 2021 – Jul 2026) | $120 | $135 |
| Since data start (Feb 2020 – Jul 2026) | $141 | $165 |
CPMPX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.75% |
| 1 year | +3.53% |
| 3 years (annualised) | +5.37% |
| 5 years (annualised) | +3.72% |
CPMPX Annual Returns
Calendar-year total returns of Changing Parameters Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.75% |
| 2025 | +6.66% |
| 2024 | +3.93% |
| 2023 | +8.11% |
| 2022 | −0.20% |
| 2021 | +3.85% |
| 2020 (Feb–Dec) | +12.88% |
CPMPX 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 | +0.4% | +0.9% | −1.1% | +0.5% | +0.3% | +0.1% | −0.2% | — | — | — | — | — |
| 2025 | +0.8% | +0.3% | −0.7% | +0.1% | +1.2% | +1.4% | +0.7% | +0.8% | +0.8% | +0.7% | +0.1% | +0.4% |
| 2024 | 0.0% | +0.5% | +1.0% | −1.3% | +0.2% | +0.8% | +1.0% | +0.6% | +1.3% | −0.7% | +0.9% | −0.5% |
| 2023 | +2.7% | −1.1% | 0.0% | +0.2% | −0.6% | +1.0% | +1.1% | −0.1% | −0.4% | +0.3% | +1.7% | +3.2% |
| 2022 | −0.1% | −0.5% | 0.0% | −0.4% | 0.0% | −1.6% | +1.2% | −0.6% | 0.0% | +0.1% | +1.5% | +0.1% |
| 2021 | +1.0% | +0.4% | −0.1% | +0.8% | +0.6% | +1.1% | +0.4% | +0.4% | 0.0% | 0.0% | −0.7% | −0.1% |
| 2020 | — | −1.1% | −0.7% | +0.6% | +3.0% | +1.7% | +2.6% | +1.4% | −0.4% | −0.3% | +3.0% | +2.3% |
CPMPX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.87%
- 3-year Sharpe ratio: 0.30 (vs 4.5% risk-free rate)
- Best month: +3.20% (Dec 2023)
- Worst month: −1.29% (Apr 2024)
CPMPX Fund Flows
Monthly money in and out of Changing Parameters Fund, from SEC Form N-PORT.
- 12-month net flow: $961K
- 12-month gross sales (incl. reinvestments): $8.7M
- Sales ÷ redemptions: 1.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $217K | $550K | −$333K |
| Jun 2026 | $736K | $1.6M | −$889K |
| May 2026 | $303K | $365K | −$62K |
| Apr 2026 | $248K | $541K | −$293K |
| Mar 2026 | $481K | $237K | $244K |
| Feb 2026 | $861K | $1.3M | −$440K |
| Jan 2026 | $1.1M | $448K | $668K |
| Dec 2025 | $3.7M | $933K | $2.8M |
| Nov 2025 | $20K | $190K | −$171K |
| Oct 2025 | $338K | $348K | −$9K |
| Sep 2025 | $592K | $191K | $401K |
| Aug 2025 | $52K | $973K | −$921K |
CPMPX Assets Under Management
Net assets of Changing Parameters Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $94.04M |
| 2026-04-30 | $95.09M |
| 2026-01-31 | $95.46M |
| 2025-10-31 | $94.80M |
| 2025-07-31 | $93.23M |
| 2025-04-30 | $91.88M |
| 2025-01-31 | $92.21M |
| 2024-10-31 | $94.53M |
| 2024-07-31 | $92.77M |
| 2024-04-30 | $89.72M |
| 2024-01-31 | $90.34M |
| 2023-10-31 | $85.40M |
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.