HLREX Performance — Emerging Markets Research Portfolio, Institutional Class
Data updated: 2024-03-27
HLREX returned −7.28% over one year to Jan 2024. The annualised 3-year return is −8.25%. The fund trailed its Japan Equity category average: $100 invested three years ago grew to $77, against $109 for the category, and to $93 over one year, against $116. Volatility over the past three years was 16.32% a year. In the 12 months to Jan 2024 the fund took in a net $689K, and assets reached $5.97M.
HLREX Growth of $100
What $100 invested in Emerging Markets Research Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Japan Equity category average over the same months.
| Period | HLREX | Category average |
|---|---|---|
| 1 year (Feb 2023 – Jan 2024) | $93 | $116 |
| 3 years (Feb 2021 – Jan 2024) | $77 | $109 |
| Since data start (Aug 2019 – Jan 2024) | $95 | $133 |
HLREX Trailing Returns
Total returns to Jan 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −7.28% |
| 3 years (annualised) | −8.25% |
HLREX Annual Returns
Calendar-year total returns of Emerging Markets Research Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jan) | −3.00% |
| 2023 | +3.73% |
| 2022 | −20.34% |
| 2021 | −3.20% |
| 2020 | +14.25% |
| 2019 (Aug–Dec) | +7.68% |
HLREX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −3.0% | — | — | — | — | — | — | — | — | — | — | — |
| 2023 | +8.5% | −6.3% | +0.9% | 0.0% | −3.2% | +4.5% | +4.9% | −6.5% | −3.8% | −5.1% | +7.5% | +3.9% |
| 2022 | −0.3% | −5.7% | −3.4% | −8.3% | +1.4% | −4.1% | −0.4% | −1.3% | −9.3% | −0.2% | +12.2% | −1.4% |
| 2021 | +0.4% | +0.5% | +0.5% | +0.7% | +3.6% | +0.5% | −5.8% | +1.6% | −2.8% | +0.7% | −4.8% | +2.0% |
| 2020 | −4.4% | −4.5% | −19.4% | +8.7% | +3.3% | +5.8% | +6.2% | +3.3% | −1.5% | +1.3% | +10.2% | +8.5% |
| 2019 | — | — | — | — | — | — | — | −4.4% | +2.2% | +3.1% | +0.4% | +6.5% |
HLREX Risk
Risk measures from monthly returns over Feb 2021 – Jan 2024.
- 3-year volatility (annualised): 16.32%
- 3-year Sharpe ratio: -0.78 (vs 4.5% risk-free rate)
- Best month: +12.24% (Nov 2022)
- Worst month: −9.34% (Sep 2022)
HLREX Fund Flows
Monthly money in and out of Emerging Markets Research Portfolio, from SEC Form N-PORT.
- 12-month net flow: $689K
- 12-month gross sales (incl. reinvestments): $120K
- Sales ÷ redemptions: -0.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2024 | $0 | −$550K | $550K |
| Dec 2023 | $104K | −$3K | $108K |
| Nov 2023 | $3K | −$96 | $3K |
| Oct 2023 | $4K | −$5K | $9K |
| Sep 2023 | $731 | −$16 | $747 |
| Aug 2023 | $2K | −$153 | $2K |
| Jul 2023 | $1K | −$5K | $6K |
| Jun 2023 | $743 | −$46 | $789 |
| May 2023 | $806 | −$287 | $1K |
| Apr 2023 | $1K | −$1K | $2K |
| Mar 2023 | $1K | −$135 | $2K |
| Feb 2023 | $755 | −$5K | $5K |
HLREX Assets Under Management
Net assets of Emerging Markets Research Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-01-31 | $5.97M |
| 2023-10-31 | $6.02M |
| 2023-07-31 | $7.05M |
| 2023-04-28 | $6.65M |
| 2023-01-31 | $7.04M |
| 2022-10-31 | $6.21M |
| 2022-07-29 | $6.95M |
| 2022-04-29 | $7.16M |
| 2022-01-31 | $8.56M |
| 2021-10-29 | $9.06M |
| 2021-07-30 | $8.83M |
| 2021-04-30 | $9.00M |
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.