FSRFX Performance — Select Transportation Portfolio
Data updated: 2026-07-24
FSRFX returned +16.05% year to date and +32.28% over one year to May 2026. Annualised returns are +17.38% over 3 years and +9.36% over 5 years. Against its Industrials Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $162, against $192 for the category, and to $132 over one year, against $132. Volatility over the past three years was 18.59% a year. In the 12 months to May 2026 the fund lost a net $45.6M, and assets reached $515.83M.
FSRFX Growth of $100
What $100 invested in Select Transportation Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Industrials Equity category average over the same months.
| Period | FSRFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $132 | $132 |
| 3 years (Jun 2023 – May 2026) | $162 | $192 |
| 5 years (Jun 2021 – May 2026) | $156 | $178 |
| Since data start (Sep 2019 – May 2026) | $226 | $257 |
FSRFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.05% |
| 1 year | +32.28% |
| 3 years (annualised) | +17.38% |
| 5 years (annualised) | +9.36% |
FSRFX Annual Returns
Calendar-year total returns of Select Transportation Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +16.05% |
| 2025 | +11.42% |
| 2024 | +6.38% |
| 2023 | +19.25% |
| 2022 | −10.16% |
| 2021 | +27.72% |
| 2020 | +12.36% |
| 2019 (Sep–Dec) | +6.97% |
FSRFX 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 | +3.0% | +8.1% | −7.8% | +8.3% | +4.5% | — | — | — | — | — | — | — |
| 2025 | +5.6% | −1.4% | −9.1% | −4.4% | +8.0% | +4.2% | −1.0% | +5.4% | −0.7% | +1.0% | +1.5% | +2.9% |
| 2024 | −1.8% | +7.8% | +1.9% | −6.0% | +0.8% | +1.8% | −0.8% | +2.1% | +2.9% | −0.3% | +7.3% | −8.3% |
| 2023 | +6.9% | +0.8% | −1.6% | −2.4% | −1.9% | +11.0% | +6.2% | −5.3% | −4.2% | −5.6% | +8.3% | +7.4% |
| 2022 | −5.5% | +3.0% | +6.2% | −10.1% | +0.1% | −7.6% | +9.1% | −0.3% | −12.8% | +9.0% | +8.8% | −7.1% |
| 2021 | −4.2% | +7.8% | +7.8% | +4.9% | +3.1% | −3.3% | −2.2% | +3.6% | −3.8% | +8.4% | −4.6% | +8.9% |
| 2020 | −3.1% | −11.1% | −17.7% | +8.9% | +7.1% | +2.2% | +7.7% | +10.8% | +0.4% | −2.6% | +12.7% | +1.0% |
| 2019 | — | — | — | — | — | — | — | — | +1.4% | +0.9% | +4.2% | +0.2% |
FSRFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.59%
- 3-year Sharpe ratio: 0.69 (vs 4.5% risk-free rate)
- Best month: +11.04% (Jun 2023)
- Worst month: −9.09% (Mar 2025)
FSRFX Fund Flows
Monthly money in and out of Select Transportation Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$45.6M
- 12-month gross sales (incl. reinvestments): $86.1M
- Sales ÷ redemptions: 0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.9M | $7.5M | −$5.6M |
| Apr 2026 | $33.2M | $10.1M | $23.1M |
| Mar 2026 | $3.1M | $8.7M | −$5.6M |
| Feb 2026 | $3.1M | $7.8M | −$4.6M |
| Jan 2026 | $4.7M | $10.5M | −$5.9M |
| Dec 2025 | $9.7M | $9.1M | $667K |
| Nov 2025 | $1.1M | $8.0M | −$6.9M |
| Oct 2025 | $1.1M | $9.0M | −$7.8M |
| Sep 2025 | $1.3M | $9.9M | −$8.6M |
| Aug 2025 | $1.1M | $10.2M | −$9.1M |
| Jul 2025 | $1.5M | $9.9M | −$8.4M |
| Jun 2025 | $24.3M | $31.1M | −$6.8M |
FSRFX Assets Under Management
Net assets of Select Transportation Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $515.83M |
| 2026-02-28 | $516.66M |
| 2025-11-30 | $466.34M |
| 2025-08-31 | $481.83M |
| 2025-05-31 | $465.99M |
| 2025-02-28 | $521.96M |
| 2024-11-30 | $572.63M |
| 2024-08-31 | $541.85M |
| 2024-05-31 | $554.15M |
| 2024-02-29 | $610.77M |
| 2023-11-30 | $556.02M |
| 2023-08-31 | $590.06M |
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.