FAIEX Performance — First American Multi-Manager International Equity Fund, Institutional Class
Data updated: 2026-08-28
FAIEX returned +13.28% year to date and +22.16% over one year to Jun 2026. Annualised returns are +17.52% over 3 years and +7.05% over 5 years. The fund trailed its International Blend category average: $100 invested three years ago grew to $162, against $168 for the category, and to $122 over one year, against $124. Volatility over the past three years was 13.30% a year. In the 12 months to Jun 2026 the fund lost a net $42.0M, and assets reached $963.95M.
FAIEX Growth of $100
What $100 invested in First American Multi-Manager International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Blend category average over the same months.
| Period | FAIEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $122 | $124 |
| 3 years (Jul 2023 – Jun 2026) | $162 | $168 |
| 5 years (Jul 2021 – Jun 2026) | $141 | $162 |
| Since data start (Jul 2019 – Jun 2026) | $186 | $206 |
FAIEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.28% |
| 1 year | +22.16% |
| 3 years (annualised) | +17.52% |
| 5 years (annualised) | +7.05% |
FAIEX Annual Returns
Calendar-year total returns of First American Multi-Manager International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +13.28% |
| 2025 | +29.51% |
| 2024 | +5.42% |
| 2023 | +14.63% |
| 2022 | −20.79% |
| 2021 | +9.38% |
| 2020 | +13.75% |
| 2019 (Jul–Dec) | +6.32% |
FAIEX 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 | +5.8% | +4.7% | −9.0% | +8.3% | +3.5% | +0.3% | — | — | — | — | — | — |
| 2025 | +4.8% | +1.7% | −0.6% | +3.3% | +5.5% | +4.0% | −1.6% | +3.4% | +3.6% | +0.7% | −0.3% | +1.9% |
| 2024 | −1.3% | +3.5% | +2.9% | −3.0% | +4.3% | −0.2% | +1.8% | +2.8% | +1.8% | −4.2% | +0.7% | −3.3% |
| 2023 | +8.1% | −4.0% | +2.8% | +1.3% | −3.2% | +4.4% | +3.5% | −4.6% | −4.0% | −3.4% | +8.7% | +5.4% |
| 2022 | −6.1% | −4.0% | 0.0% | −7.6% | +1.0% | −8.0% | +4.5% | −5.0% | −9.6% | +4.3% | +12.1% | −2.5% |
| 2021 | 0.0% | +1.4% | +1.5% | +3.5% | +2.7% | −0.1% | −0.2% | +1.9% | −4.1% | +3.2% | −4.1% | +3.8% |
| 2020 | −2.4% | −7.3% | −15.7% | +7.7% | +5.0% | +4.3% | +5.0% | +4.2% | −1.5% | −1.8% | +12.4% | +6.2% |
| 2019 | — | — | — | — | — | — | −1.9% | −2.4% | +2.5% | +3.0% | +1.0% | +4.1% |
FAIEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.30%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +8.66% (Nov 2023)
- Worst month: −8.97% (Mar 2026)
FAIEX Fund Flows
Monthly money in and out of First American Multi-Manager International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$42.0M
- 12-month gross sales (incl. reinvestments): $127.2M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $930K | $67.0M | −$66.1M |
| May 2026 | $2.1M | $4.9M | −$2.7M |
| Apr 2026 | $2.0M | $5.9M | −$3.9M |
| Mar 2026 | $2.4M | $4.2M | −$1.8M |
| Feb 2026 | $1.6M | $66.7M | −$65.1M |
| Jan 2026 | $150K | $1.4M | −$1.2M |
| Dec 2025 | $77.6M | $3.9M | $73.8M |
| Nov 2025 | $143K | $4.4M | −$4.3M |
| Oct 2025 | $1.7M | $1.8M | −$136K |
| Sep 2025 | $11.0M | $4.7M | $6.3M |
| Aug 2025 | $3.8M | $3.4M | $386K |
| Jul 2025 | $23.7M | $828K | $22.9M |
FAIEX Assets Under Management
Net assets of First American Multi-Manager International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $963.95M |
| 2026-03-31 | $925.22M |
| 2025-12-31 | $981.67M |
| 2025-09-30 | $966.29M |
| 2025-06-30 | $886.80M |
| 2025-03-31 | $853.43M |
| 2024-12-31 | $755.45M |
| 2024-09-30 | $922.45M |
| 2024-06-30 | $835.52M |
| 2024-03-31 | $839.28M |
| 2023-12-31 | $823.79M |
| 2023-09-30 | $716.74M |
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.