DFRSX Performance — Asia Pacific Small Company Portfolio, Institutional Class Shares
Data updated: 2026-09-24
DFRSX returned +1.76% year to date and +18.64% over one year to Jul 2026. Annualised returns are +11.39% over 3 years and +3.91% over 5 years. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $138, against $168 for the category, and to $119 over one year, against $108. Volatility over the past three years was 15.99% a year. In the 12 months to Jul 2026 the fund took in a net $61.9M, and assets reached $245.91M.
DFRSX Growth of $100
What $100 invested in Asia Pacific Small Company Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | DFRSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $119 | $108 |
| 3 years (Aug 2023 – Jul 2026) | $138 | $168 |
| 5 years (Aug 2021 – Jul 2026) | $121 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $157 | $190 |
DFRSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.76% |
| 1 year | +18.64% |
| 3 years (annualised) | +11.39% |
| 5 years (annualised) | +3.91% |
DFRSX Annual Returns
Calendar-year total returns of Asia Pacific Small Company Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.76% |
| 2025 | +34.76% |
| 2024 | +0.27% |
| 2023 | +3.89% |
| 2022 | −16.95% |
| 2021 | +12.53% |
| 2020 | +14.20% |
| 2019 (Aug–Dec) | +2.69% |
DFRSX 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 | +7.0% | +2.0% | −10.4% | +7.1% | +0.2% | −4.1% | +1.2% | — | — | — | — | — |
| 2025 | +2.6% | −0.2% | −1.6% | +1.5% | +5.7% | +4.3% | +2.4% | +9.9% | +3.8% | +0.1% | +1.2% | +0.9% |
| 2024 | −4.6% | +2.9% | +4.1% | −3.0% | +2.8% | −1.7% | +1.5% | +1.6% | +8.3% | −5.2% | +0.7% | −6.0% |
| 2023 | +9.7% | −7.8% | +0.4% | +0.7% | −6.2% | +3.2% | +4.5% | −4.5% | −4.1% | −4.7% | +6.9% | +7.7% |
| 2022 | −7.9% | +2.3% | +4.2% | −5.4% | −2.6% | −11.2% | +7.3% | −2.1% | −12.5% | +1.0% | +12.8% | −1.4% |
| 2021 | −0.5% | +4.5% | +1.0% | +5.2% | +1.3% | +0.1% | −1.5% | +2.4% | −3.7% | +5.8% | −5.8% | +4.0% |
| 2020 | −4.7% | −7.4% | −22.8% | +14.6% | +6.7% | +5.2% | +4.1% | +7.6% | −2.6% | −0.4% | +12.0% | +7.0% |
| 2019 | — | — | — | — | — | — | — | −6.2% | +2.6% | +2.0% | +0.9% | +3.8% |
DFRSX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.99%
- 3-year Sharpe ratio: 0.43 (vs 4.5% risk-free rate)
- Best month: +9.88% (Aug 2025)
- Worst month: −10.42% (Mar 2026)
DFRSX Fund Flows
Monthly money in and out of Asia Pacific Small Company Portfolio, from SEC Form N-PORT.
- 12-month net flow: $61.9M
- 12-month gross sales (incl. reinvestments): $68.8M
- Sales ÷ redemptions: 10.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $106K | $495K | −$389K |
| Jun 2026 | $58.2M | $226K | $58.0M |
| May 2026 | $57K | $1.0M | −$983K |
| Apr 2026 | $167K | $2.2M | −$2.0M |
| Mar 2026 | $100K | $208K | −$107K |
| Feb 2026 | $103K | $210K | −$108K |
| Jan 2026 | $193K | $375K | −$181K |
| Dec 2025 | $8.9M | $808K | $8.1M |
| Nov 2025 | $31K | $244K | −$213K |
| Oct 2025 | $497K | $248K | $249K |
| Sep 2025 | $72K | $628K | −$556K |
| Aug 2025 | $390K | $177K | $214K |
DFRSX Assets Under Management
Net assets of Asia Pacific Small Company Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $245.91M |
| 2026-04-30 | $193.91M |
| 2026-01-31 | $200.56M |
| 2025-10-31 | $184.81M |
| 2025-07-31 | $161.91M |
| 2025-04-30 | $144.94M |
| 2025-01-31 | $147.54M |
| 2024-10-31 | $153.63M |
| 2024-07-31 | $148.05M |
| 2024-04-30 | $145.04M |
| 2024-01-31 | $140.55M |
| 2023-10-31 | $163.21M |
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.