HLMCX Performance — Chinese Equity Portfolio, Institutional Class
Data updated: 2026-01-13
HLMCX returned +26.00% over one year to Oct 2025. The annualised 3-year return is +11.69%. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $139, against $179 for the category, and to $126 over one year, against $117. Volatility over the past three years was 27.17% a year. In the 12 months to Oct 2025 the fund lost a net $52K, and assets reached $3.52M.
HLMCX Growth of $100
What $100 invested in Chinese Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | HLMCX | Category average |
|---|---|---|
| 1 year (Nov 2024 – Oct 2025) | $126 | $117 |
| 3 years (Nov 2022 – Oct 2025) | $139 | $179 |
| Since data start (Dec 2020 – Oct 2025) | $70 | $168 |
HLMCX Trailing Returns
Total returns to Oct 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +26.00% |
| 3 years (annualised) | +11.69% |
HLMCX Annual Returns
Calendar-year total returns of Chinese Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Oct) | +29.06% |
| 2024 | +3.87% |
| 2023 | −19.42% |
| 2022 | −26.84% |
| 2021 | −15.45% |
| 2020 (Dec–Dec) | +5.00% |
HLMCX 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 | 0.0% | +5.3% | +0.7% | −3.9% | +3.3% | +1.6% | +4.9% | +7.7% | +7.3% | −0.6% | — | — |
| 2024 | −12.6% | +10.0% | 0.0% | +5.2% | −1.0% | −5.0% | −3.9% | +1.5% | +22.1% | −6.2% | −3.1% | +0.8% |
| 2023 | +12.1% | −9.3% | +0.6% | −5.9% | −9.5% | +3.6% | +6.4% | −7.9% | −4.6% | −4.2% | +2.1% | −2.3% |
| 2022 | −6.3% | −4.1% | −11.3% | −7.2% | +3.4% | +10.2% | −7.5% | −4.3% | −14.1% | −11.3% | +24.7% | +3.4% |
| 2021 | +6.7% | −1.7% | −5.2% | +2.7% | +1.3% | +0.5% | −11.5% | −2.4% | −1.8% | +1.1% | −4.8% | −0.4% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | +5.0% |
HLMCX Risk
Risk measures from monthly returns over Nov 2022 – Oct 2025.
- 3-year volatility (annualised): 27.17%
- 3-year Sharpe ratio: 0.26 (vs 4.5% risk-free rate)
- Best month: +24.70% (Nov 2022)
- Worst month: −12.60% (Jan 2024)
HLMCX Fund Flows
Monthly money in and out of Chinese Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$52K
- 12-month gross sales (incl. reinvestments): $244K
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Oct 2025 | $210K | $245K | −$35K |
| Sep 2025 | $0 | $19K | −$19K |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $740 | $0 | $740 |
| Jun 2025 | $40 | $0 | $40 |
| May 2025 | $40 | $0 | $40 |
| Apr 2025 | $90 | $0 | $90 |
| Mar 2025 | $30 | $0 | $30 |
| Feb 2025 | $30 | $0 | $30 |
| Jan 2025 | $1K | $0 | $1K |
| Dec 2024 | $31K | $32K | −$491 |
| Nov 2024 | $0 | $0 | $0 |
HLMCX Assets Under Management
Net assets of Chinese Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-10-31 | $3.52M |
| 2025-07-31 | $3.11M |
| 2025-04-30 | $2.83M |
| 2025-01-31 | $2.77M |
| 2024-10-31 | $2.87M |
| 2024-07-31 | $2.63M |
| 2024-04-30 | $2.92M |
| 2024-01-31 | $2.54M |
| 2023-10-31 | $2.68M |
| 2023-07-31 | $3.20M |
| 2023-04-28 | $3.22M |
| 2023-01-31 | $3.75M |
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.