FSLBX Performance — Select Brokerage and Investment Management Portfolio
Data updated: 2026-07-24
FSLBX returned −11.32% year to date and −5.63% over one year to May 2026. Annualised returns are +18.45% over 3 years and +8.95% over 5 years. Against its Financials Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $166, against $163 for the category, and to $94 over one year, against $114. Volatility over the past three years was 21.17% a year. In the 12 months to May 2026 the fund lost a net $290.4M, and assets reached $941.07M.
FSLBX Growth of $100
What $100 invested in Select Brokerage and Investment Management Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | FSLBX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $94 | $114 |
| 3 years (Jun 2023 – May 2026) | $166 | $163 |
| 5 years (Jun 2021 – May 2026) | $154 | $138 |
| Since data start (Sep 2019 – May 2026) | $262 | $187 |
FSLBX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −11.32% |
| 1 year | −5.63% |
| 3 years (annualised) | +18.45% |
| 5 years (annualised) | +8.95% |
FSLBX Annual Returns
Calendar-year total returns of Select Brokerage and Investment Management Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −11.32% |
| 2025 | +5.77% |
| 2024 | +35.74% |
| 2023 | +27.74% |
| 2022 | −17.54% |
| 2021 | +40.60% |
| 2020 | +22.56% |
| 2019 (Sep–Dec) | +13.28% |
FSLBX 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 | −1.2% | −12.2% | −3.8% | +7.2% | −0.8% | — | — | — | — | — | — | — |
| 2025 | +7.7% | −6.1% | −8.2% | −0.8% | +7.8% | +7.1% | +5.3% | −2.1% | −1.1% | −4.7% | 0.0% | +2.4% |
| 2024 | −1.5% | +7.0% | +3.7% | −5.5% | +4.7% | +0.3% | +7.3% | +1.1% | +3.5% | +5.4% | +12.4% | −5.9% |
| 2023 | +10.4% | −2.4% | −6.1% | −0.4% | −2.9% | +7.2% | +6.5% | −1.3% | −3.1% | −5.0% | +14.8% | +9.7% |
| 2022 | −4.2% | −4.4% | +0.8% | −13.0% | +2.9% | −10.4% | +11.8% | −2.0% | −9.5% | +11.5% | +7.5% | −6.2% |
| 2021 | −2.1% | +8.1% | +4.9% | +7.5% | +3.0% | +1.9% | +2.2% | +5.2% | −4.1% | +11.9% | −4.7% | +2.1% |
| 2020 | +2.5% | −9.5% | −14.8% | +14.0% | +7.1% | +1.2% | +3.3% | +4.0% | −4.3% | −0.5% | +15.2% | +6.5% |
| 2019 | — | — | — | — | — | — | — | — | +1.6% | +2.2% | +8.0% | +1.0% |
FSLBX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 21.17%
- 3-year Sharpe ratio: 0.66 (vs 4.5% risk-free rate)
- Best month: +14.81% (Nov 2023)
- Worst month: −12.21% (Feb 2026)
FSLBX Fund Flows
Monthly money in and out of Select Brokerage and Investment Management Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$290.4M
- 12-month gross sales (incl. reinvestments): $226.4M
- Sales ÷ redemptions: 0.44×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.1M | $34.9M | −$29.8M |
| Apr 2026 | $19.5M | $25.5M | −$6.0M |
| Mar 2026 | $8.9M | $28.4M | −$19.5M |
| Feb 2026 | $9.1M | $42.8M | −$33.7M |
| Jan 2026 | $14.9M | $47.0M | −$32.1M |
| Dec 2025 | $15.0M | $68.6M | −$53.7M |
| Nov 2025 | $7.3M | $46.9M | −$39.5M |
| Oct 2025 | $17.6M | $79.9M | −$62.3M |
| Sep 2025 | $24.8M | $46.6M | −$21.8M |
| Aug 2025 | $33.3M | $28.7M | $4.5M |
| Jul 2025 | $52.7M | $30.0M | $22.7M |
| Jun 2025 | $18.2M | $37.4M | −$19.2M |
FSLBX Assets Under Management
Net assets of Select Brokerage and Investment Management Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $941.07M |
| 2026-02-28 | $989.17M |
| 2025-11-30 | $1.24B |
| 2025-08-31 | $1.45B |
| 2025-05-31 | $1.31B |
| 2025-02-28 | $1.48B |
| 2024-11-30 | $1.26B |
| 2024-08-31 | $917.50M |
| 2024-05-31 | $874.18M |
| 2024-02-29 | $836.58M |
| 2023-11-30 | $719.18M |
| 2023-08-31 | $704.49M |
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.