IICAX Performance — Large Cap Equity Fund, Class AMF
Data updated: 2026-09-15
IICAX returned +7.81% year to date and +18.08% over one year to Jun 2026. Annualised returns are +15.79% over 3 years and +12.10% over 5 years. Against its US Large Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $155, against $157 for the category, and to $118 over one year, against $118. Volatility over the past three years was 11.29% a year. In the 12 months to Jun 2026 the fund lost a net $63K, and assets reached $53.20M.
IICAX Growth of $100
What $100 invested in Large Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | IICAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $118 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $155 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $177 | $161 |
| Since data start (Jan 2020 – Jun 2026) | $227 | $211 |
IICAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.81% |
| 1 year | +18.08% |
| 3 years (annualised) | +15.79% |
| 5 years (annualised) | +12.10% |
IICAX Annual Returns
Calendar-year total returns of Large Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.81% |
| 2025 | +12.62% |
| 2024 | +18.71% |
| 2023 | +21.68% |
| 2022 | −12.87% |
| 2021 | +32.96% |
| 2020 | +11.90% |
IICAX 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 | +2.7% | +1.5% | −4.7% | +7.9% | +0.3% | +0.3% | — | — | — | — | — | — |
| 2025 | +2.4% | −0.8% | −5.2% | −2.5% | +5.6% | +3.7% | +1.2% | +3.4% | +2.7% | +0.6% | +1.0% | +0.2% |
| 2024 | +1.3% | +3.5% | +3.8% | −4.7% | +4.2% | +3.0% | +2.6% | +3.0% | +1.7% | −1.3% | +4.1% | −3.5% |
| 2023 | +4.8% | −3.0% | +3.5% | +1.3% | −0.5% | +6.6% | +3.5% | −2.0% | −3.7% | −1.6% | +7.0% | +4.8% |
| 2022 | −4.7% | −3.0% | +3.7% | −7.8% | +0.6% | −7.8% | +7.7% | −3.6% | −8.7% | +9.2% | +8.2% | −5.1% |
| 2021 | −1.4% | +2.8% | +5.5% | +3.9% | +1.8% | +1.6% | +3.0% | +2.3% | −4.7% | +9.1% | −0.3% | +6.1% |
| 2020 | −1.7% | −8.4% | −12.7% | +12.8% | +4.5% | +2.2% | +3.7% | +6.6% | −2.3% | −3.4% | +10.1% | +3.0% |
IICAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.29%
- 3-year Sharpe ratio: 1.00 (vs 4.5% risk-free rate)
- Best month: +7.88% (Apr 2026)
- Worst month: −5.20% (Mar 2025)
IICAX Fund Flows
Monthly money in and out of Large Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$63K
- 12-month gross sales (incl. reinvestments): $5.2M
- Sales ÷ redemptions: 0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $45K | $989K | −$944K |
| May 2026 | $16K | $416K | −$400K |
| Apr 2026 | $10K | $328K | −$318K |
| Mar 2026 | $83K | $169K | −$86K |
| Feb 2026 | $10K | $195K | −$185K |
| Jan 2026 | $43K | $128K | −$85K |
| Dec 2025 | $4.7M | $824K | $3.9M |
| Nov 2025 | $68K | $1.0M | −$981K |
| Oct 2025 | $14K | $352K | −$339K |
| Sep 2025 | $193K | $253K | −$60K |
| Aug 2025 | $11K | $215K | −$204K |
| Jul 2025 | $11K | $352K | −$341K |
IICAX Assets Under Management
Net assets of Large Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $53.20M |
| 2026-03-31 | $50.52M |
| 2025-12-31 | $51.35M |
| 2025-09-30 | $52.99M |
| 2025-06-30 | $49.86M |
| 2025-03-31 | $48.36M |
| 2024-12-31 | $51.46M |
| 2024-09-30 | $53.07M |
| 2024-06-28 | $48.98M |
| 2024-03-28 | $52.12M |
| 2023-12-29 | $48.79M |
| 2023-09-29 | $45.48M |
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.