EXCPX Performance — Unconstrained Bond Series, Class S
Data updated: 2026-08-21
EXCPX returned +0.76% year to date and +3.22% over one year to Jun 2026. Annualised returns are +5.14% over 3 years and +2.02% over 5 years. The fund trailed its Short-Term Securitized Bond category average: $100 invested three years ago grew to $116, against $120 for the category, and to $103 over one year, against $105. Volatility over the past three years was 2.59% a year. In the 12 months to Jun 2026 the fund lost a net $53.7M, and assets reached $768.32M.
EXCPX Growth of $100
What $100 invested in Unconstrained Bond Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Securitized Bond category average over the same months.
| Period | EXCPX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $116 | $120 |
| 5 years (Jul 2021 – Jun 2026) | $111 | $117 |
| Since data start (Jul 2019 – Jun 2026) | $124 | $126 |
EXCPX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.76% |
| 1 year | +3.22% |
| 3 years (annualised) | +5.14% |
| 5 years (annualised) | +2.02% |
EXCPX Annual Returns
Calendar-year total returns of Unconstrained Bond Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.76% |
| 2025 | +6.18% |
| 2024 | +4.08% |
| 2023 | +5.99% |
| 2022 | −6.71% |
| 2021 | +2.60% |
| 2020 | +7.52% |
| 2019 (Jul–Dec) | +1.96% |
EXCPX 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 | +0.7% | +0.6% | −1.1% | +0.7% | +0.2% | −0.3% | — | — | — | — | — | — |
| 2025 | +0.7% | +1.2% | +0.3% | +0.5% | −0.2% | +1.1% | −0.3% | +1.0% | +0.4% | +0.3% | +0.5% | +0.4% |
| 2024 | +0.2% | −0.6% | +0.3% | −0.9% | +1.1% | +1.0% | +1.2% | +1.4% | +1.0% | −1.0% | +0.5% | −0.3% |
| 2023 | +1.7% | −1.0% | +1.3% | +0.5% | −0.4% | −0.5% | +0.7% | +0.5% | −0.7% | 0.0% | +1.7% | +2.1% |
| 2022 | −1.0% | −1.1% | −2.0% | −1.1% | 0.0% | −1.5% | +0.7% | −0.5% | −1.5% | −0.4% | +0.9% | +0.7% |
| 2021 | +0.5% | −0.2% | −0.1% | +0.9% | +0.8% | +0.2% | +0.4% | +0.1% | −0.2% | +0.4% | −0.4% | +0.2% |
| 2020 | +0.2% | −0.3% | −4.4% | +2.2% | +1.8% | +1.8% | +2.4% | +0.7% | +0.1% | +0.3% | +1.8% | +1.0% |
| 2019 | — | — | — | — | — | — | +0.2% | +0.2% | +0.1% | +0.4% | +0.3% | +0.8% |
EXCPX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 2.59%
- 3-year Sharpe ratio: 0.25 (vs 4.5% risk-free rate)
- Best month: +2.11% (Dec 2023)
- Worst month: −1.09% (Mar 2026)
EXCPX Fund Flows
Monthly money in and out of Unconstrained Bond Series, from SEC Form N-PORT.
- 12-month net flow: −$53.7M
- 12-month gross sales (incl. reinvestments): $161.5M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $11.1M | $17.0M | −$5.9M |
| May 2026 | $10.4M | $13.6M | −$3.2M |
| Apr 2026 | $8.4M | $25.1M | −$16.7M |
| Mar 2026 | $13.6M | $14.0M | −$382K |
| Feb 2026 | $12.8M | $11.9M | $813K |
| Jan 2026 | $21.5M | $11.1M | $10.4M |
| Dec 2025 | $13.6M | $19.7M | −$6.2M |
| Nov 2025 | $10.8M | $17.6M | −$6.8M |
| Oct 2025 | $15.3M | $27.3M | −$12.0M |
| Sep 2025 | $10.8M | $12.1M | −$1.3M |
| Aug 2025 | $10.6M | $12.5M | −$1.8M |
| Jul 2025 | $22.7M | $33.2M | −$10.5M |
EXCPX Assets Under Management
Net assets of Unconstrained Bond Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $768.32M |
| 2026-03-31 | $798.17M |
| 2025-12-31 | $793.86M |
| 2025-09-30 | $817.73M |
| 2025-06-30 | $831.16M |
| 2025-03-31 | $864.12M |
| 2024-12-31 | $847.73M |
| 2024-09-30 | $847.60M |
| 2024-06-28 | $821.03M |
| 2024-03-28 | $824.94M |
| 2023-12-29 | $815.93M |
| 2023-09-29 | $801.58M |
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.