HLXCX Performance — Emerging Markets Ex China Portfolio, Institutional Class
Data updated: 2026-01-13
HLXCX returned +15.55% over one year to Oct 2025. The annualised 3-year return is +11.43%. The fund trailed its Alternative category average: $100 invested three years ago grew to $138, against $179 for the category, and to $116 over one year, against $117. Volatility over the past three years was 13.94% a year. In the 12 months to Oct 2025 the fund lost a net $31K, and assets reached $3.94M.
HLXCX Growth of $100
What $100 invested in Emerging Markets Ex China Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | HLXCX | Category average |
|---|---|---|
| 1 year (Nov 2024 – Oct 2025) | $116 | $117 |
| 3 years (Nov 2022 – Oct 2025) | $138 | $179 |
| Since data start (Sep 2022 – Oct 2025) | $135 | $174 |
HLXCX Trailing Returns
Total returns to Oct 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +15.55% |
| 3 years (annualised) | +11.43% |
HLXCX Annual Returns
Calendar-year total returns of Emerging Markets Ex China Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Oct) | +20.37% |
| 2024 | −4.17% |
| 2023 | +16.54% |
| 2022 (Sep–Dec) | +0.55% |
HLXCX 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 | +2.1% | −3.7% | −0.6% | +4.3% | +3.2% | +5.3% | −0.5% | +2.0% | +2.8% | +4.1% | — | — |
| 2024 | −5.6% | +2.8% | +2.7% | −4.5% | −0.7% | +4.1% | +2.5% | +2.6% | 0.0% | −3.6% | −1.8% | −2.3% |
| 2023 | +7.5% | −3.7% | +1.1% | +2.6% | 0.0% | +3.7% | +1.9% | −4.6% | −3.3% | −5.0% | +10.8% | +5.9% |
| 2022 | — | — | — | — | — | — | — | — | −8.0% | +6.2% | +7.6% | −4.3% |
HLXCX Risk
Risk measures from monthly returns over Nov 2022 – Oct 2025.
- 3-year volatility (annualised): 13.94%
- 3-year Sharpe ratio: 0.50 (vs 4.5% risk-free rate)
- Best month: +10.75% (Nov 2023)
- Worst month: −5.58% (Jan 2024)
HLXCX Fund Flows
Monthly money in and out of Emerging Markets Ex China Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$31K
- 12-month gross sales (incl. reinvestments): $49K
- Sales ÷ redemptions: 0.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $13K | −$13K |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
| May 2025 | $0 | $0 | $0 |
| Apr 2025 | $0 | $0 | $0 |
| Mar 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $0 | $0 |
| Jan 2025 | $0 | $0 | $0 |
| Dec 2024 | $49K | $67K | −$18K |
| Nov 2024 | $0 | $0 | $0 |
HLXCX Assets Under Management
Net assets of Emerging Markets Ex China Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-10-31 | $3.94M |
| 2025-07-31 | $3.63M |
| 2025-04-30 | $3.35M |
| 2025-01-31 | $3.35M |
| 2024-10-31 | $3.49M |
| 2024-07-31 | $3.68M |
| 2024-04-30 | $3.69M |
| 2024-01-31 | $3.66M |
| 2023-10-31 | $3.06M |
| 2023-07-31 | $3.69M |
| 2023-04-28 | $3.49M |
| 2023-01-31 | $3.36M |
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.