FSRLX Performance — FS Chiron Real Development Fund, Class I
Data updated: 2025-05-30
FSRLX returned +2.03% over one year to Mar 2025. The annualised 3-year return is +0.06%. The fund trailed its Alternative category average: $100 invested three years ago grew to $100, against $144 for the category, and to $102 over one year, against $129. Volatility over the past three years was 11.39% a year. In the 12 months to Mar 2025 the fund lost a net $12.8M, and assets reached $37.93M.
FSRLX Growth of $100
What $100 invested in FS Chiron Real Development Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | FSRLX | Category average |
|---|---|---|
| 1 year (Apr 2024 – Mar 2025) | $102 | $129 |
| 3 years (Apr 2022 – Mar 2025) | $100 | $144 |
FSRLX Trailing Returns
Total returns to Mar 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.03% |
| 3 years (annualised) | +0.06% |
FSRLX Annual Returns
Calendar-year total returns of FS Chiron Real Development Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Mar) | −5.05% |
| 2024 | +15.86% |
| 2023 | +5.48% |
| 2022 (Apr–Dec) | −13.66% |
FSRLX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −3.0% | −4.8% | +2.8% | — | — | — | — | — | — | — | — | — |
| 2024 | +2.4% | +5.6% | −0.3% | +0.8% | +5.2% | −2.6% | +2.0% | +3.2% | −0.5% | −3.0% | +4.6% | −2.1% |
| 2023 | +1.5% | −2.1% | +3.5% | +2.0% | −3.0% | −0.5% | −2.0% | −2.1% | +1.6% | +3.1% | +5.0% | −1.4% |
| 2022 | — | — | — | −6.9% | −0.6% | −3.3% | −6.6% | −2.6% | +1.2% | −1.9% | +3.7% | +3.1% |
FSRLX Risk
Risk measures from monthly returns over Apr 2022 – Mar 2025.
- 3-year volatility (annualised): 11.39%
- 3-year Sharpe ratio: -0.39 (vs 4.5% risk-free rate)
- Best month: +5.61% (Feb 2024)
- Worst month: −6.92% (Apr 2022)
FSRLX Fund Flows
Monthly money in and out of FS Chiron Real Development Fund, from SEC Form N-PORT.
- 12-month net flow: −$12.8M
- 12-month gross sales (incl. reinvestments): $29.3M
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2025 | $3.1M | $2.3M | $714K |
| Feb 2025 | $3.0M | $1.3M | $1.7M |
| Jan 2025 | $1.6M | $31.9M | −$30.3M |
| Dec 2024 | $1.5M | $1.2M | $340K |
| Nov 2024 | $602K | $1.6M | −$1.0M |
| Oct 2024 | $3.0M | $444K | $2.5M |
| Sep 2024 | $549K | $119K | $430K |
| Aug 2024 | $1.7M | $1.8M | −$128K |
| Jul 2024 | $1.2M | $309K | $850K |
| Jun 2024 | $6.6M | $279K | $6.3M |
| May 2024 | $5.2M | $463K | $4.8M |
| Apr 2024 | $1.3M | $260K | $1.0M |
FSRLX Assets Under Management
Net assets of FS Chiron Real Development Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-03-31 | $37.93M |
| 2024-12-31 | $73.67M |
| 2024-09-30 | $77.94M |
| 2024-06-30 | $73.23M |
| 2024-03-31 | $58.83M |
| 2023-12-31 | $55.25M |
| 2023-09-30 | $49.14M |
| 2023-06-30 | $51.45M |
| 2023-03-31 | $41.31M |
| 2022-12-31 | $36.29M |
| 2022-09-30 | $31.65M |
| 2022-06-30 | $25.52M |
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.