IRCZX Performance — International Small Cap Portfolio, Class Z
Data updated: 2026-08-26
IRCZX returned +11.95% year to date and +19.85% over one year to Jun 2026. Annualised returns are +19.07% over 3 years and +7.85% over 5 years. The fund beat its International Small Blend category average: $100 invested three years ago grew to $169, against $158 for the category, and to $120 over one year, against $119. Volatility over the past three years was 14.60% a year. In the 12 months to Jun 2026 the fund took in a net $56.0M, and assets reached $1.28B.
IRCZX Growth of $100
What $100 invested in International Small Cap Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Small Blend category average over the same months.
| Period | IRCZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $120 | $119 |
| 3 years (Jul 2023 – Jun 2026) | $169 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $146 | $140 |
| Since data start (Jul 2019 – Jun 2026) | $190 | $189 |
IRCZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.95% |
| 1 year | +19.85% |
| 3 years (annualised) | +19.07% |
| 5 years (annualised) | +7.85% |
IRCZX Annual Returns
Calendar-year total returns of International Small Cap Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.94% |
| 2025 | +34.82% |
| 2024 | +7.68% |
| 2023 | +13.18% |
| 2022 | −20.89% |
| 2021 | +12.48% |
| 2020 | +8.24% |
| 2019 (Jul–Dec) | +7.36% |
IRCZX 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 | +9.0% | +5.1% | −9.2% | +8.5% | +1.7% | −2.4% | — | — | — | — | — | — |
| 2025 | +1.2% | +2.0% | +1.4% | +4.2% | +8.0% | +6.8% | −1.5% | +2.6% | +2.6% | −0.2% | +0.9% | +2.5% |
| 2024 | −2.1% | +3.3% | +4.3% | −1.7% | +3.5% | −0.2% | +3.9% | +2.3% | +1.9% | −5.0% | −0.2% | −2.1% |
| 2023 | +8.1% | −2.5% | +0.9% | +0.6% | −2.5% | +4.4% | +4.5% | −4.6% | −3.6% | −5.2% | +7.5% | +6.0% |
| 2022 | −5.8% | −1.6% | −0.5% | −6.9% | +0.5% | −11.2% | +5.6% | −4.2% | −11.4% | +4.0% | +12.1% | −1.4% |
| 2021 | −1.0% | +3.5% | +3.8% | +4.7% | +1.7% | −1.0% | +1.6% | +1.1% | −2.9% | +2.4% | −5.4% | +3.8% |
| 2020 | −3.8% | −8.4% | −20.1% | +11.4% | +6.0% | +4.3% | +4.8% | +3.7% | −1.4% | −3.1% | +11.7% | +7.6% |
| 2019 | — | — | — | — | — | — | −1.9% | −2.7% | +2.6% | +3.7% | +1.3% | +4.3% |
IRCZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.60%
- 3-year Sharpe ratio: 1.00 (vs 4.5% risk-free rate)
- Best month: +9.02% (Jan 2026)
- Worst month: −9.22% (Mar 2026)
IRCZX Fund Flows
Monthly money in and out of International Small Cap Portfolio, from SEC Form N-PORT.
- 12-month net flow: $56.0M
- 12-month gross sales (incl. reinvestments): $214.7M
- Sales ÷ redemptions: 1.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $10.4M | $7.5M | $2.9M |
| May 2026 | $8.1M | $8.4M | −$333K |
| Apr 2026 | $9.9M | $11.9M | −$2.0M |
| Mar 2026 | $12.7M | $32.1M | −$19.5M |
| Feb 2026 | $6.5M | $16.9M | −$10.5M |
| Jan 2026 | $8.2M | $17.1M | −$8.9M |
| Dec 2025 | $136.5M | $9.8M | $126.8M |
| Nov 2025 | $3.8M | $10.4M | −$6.5M |
| Oct 2025 | $5.3M | $9.6M | −$4.4M |
| Sep 2025 | $3.3M | $8.2M | −$4.9M |
| Aug 2025 | $5.1M | $7.9M | −$2.8M |
| Jul 2025 | $4.8M | $18.8M | −$14.0M |
IRCZX Assets Under Management
Net assets of International Small Cap Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.28B |
| 2026-03-31 | $1.19B |
| 2025-12-31 | $1.18B |
| 2025-09-30 | $1.19B |
| 2025-06-30 | $1.17B |
| 2025-03-31 | $1.02B |
| 2024-12-31 | $1.06B |
| 2024-09-30 | $1.15B |
| 2024-06-30 | $1.09B |
| 2024-03-31 | $1.10B |
| 2023-12-31 | $1.12B |
| 2023-09-30 | $1.05B |
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.