LBETX Performance — LGM Risk Managed Total Return Fund, Institutional Class Shares
Data updated: 2026-09-23
LBETX returned +4.18% year to date and +7.66% over one year to May 2026. Annualised returns are +8.78% over 3 years and +5.63% over 5 years. Against its Hedged category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $129, against $136 for the category, and to $108 over one year, against $107. Volatility over the past three years was 5.25% a year. In the 12 months to May 2026 the fund lost a net $2.9M, and assets reached $13.07M.
LBETX Growth of $100
What $100 invested in LGM Risk Managed Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Hedged category average over the same months.
| Period | LBETX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $129 | $136 |
| 5 years (Jun 2021 – May 2026) | $132 | $104 |
| Since data start (Mar 2020 – May 2026) | $127 | $111 |
LBETX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.18% |
| 1 year | +7.66% |
| 3 years (annualised) | +8.78% |
| 5 years (annualised) | +5.63% |
LBETX Annual Returns
Calendar-year total returns of LGM Risk Managed Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +4.18% |
| 2025 | +2.14% |
| 2024 | +11.81% |
| 2023 | +9.45% |
| 2022 | −1.48% |
| 2021 | +3.86% |
| 2020 (Mar–Dec) | −4.97% |
LBETX 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 | 0.0% | −0.4% | −2.2% | +4.5% | +2.3% | — | — | — | — | — | — | — |
| 2025 | +1.1% | −0.2% | −2.1% | −1.0% | +1.0% | +1.2% | +0.2% | +0.3% | +0.1% | +0.4% | +0.8% | +0.5% |
| 2024 | +0.8% | +2.8% | +1.8% | −1.7% | +2.1% | +1.8% | +0.5% | +1.5% | +0.8% | −0.4% | +2.3% | −1.0% |
| 2023 | +1.4% | −0.5% | −0.1% | +0.2% | +0.2% | +0.1% | +0.2% | +0.2% | +0.2% | +0.2% | +4.5% | +2.5% |
| 2022 | −1.8% | −0.7% | +1.0% | −1.2% | +2.6% | +0.3% | −0.1% | −2.0% | −0.3% | +1.1% | +0.8% | −1.1% |
| 2021 | +1.5% | −0.5% | −0.9% | +1.2% | 0.0% | +1.7% | +0.3% | −0.2% | +0.2% | −0.1% | −0.7% | +1.3% |
| 2020 | — | — | −4.2% | −0.8% | −0.8% | −3.1% | +1.8% | −0.1% | −2.6% | −1.4% | +5.3% | +1.3% |
LBETX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.25%
- 3-year Sharpe ratio: 0.81 (vs 4.5% risk-free rate)
- Best month: +4.52% (Nov 2023)
- Worst month: −2.18% (Mar 2026)
LBETX Fund Flows
Monthly money in and out of LGM Risk Managed Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.9M
- 12-month gross sales (incl. reinvestments): $1.6M
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $1.8M | −$1.8M |
| Apr 2026 | $102K | $462K | −$360K |
| Mar 2026 | $50K | $60K | −$10K |
| Feb 2026 | $0 | $261K | −$261K |
| Jan 2026 | $350K | $28K | $322K |
| Dec 2025 | $54K | $275K | −$221K |
| Nov 2025 | $150K | $758K | −$608K |
| Oct 2025 | $375K | $122K | $253K |
| Sep 2025 | $350K | $460K | −$110K |
| Aug 2025 | $200K | $6K | $194K |
| Jul 2025 | $683 | $228K | −$228K |
| Jun 2025 | $0 | $35K | −$35K |
LBETX Assets Under Management
Net assets of LGM Risk Managed Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $13.07M |
| 2026-02-28 | $14.63M |
| 2025-11-30 | $14.82M |
| 2025-08-31 | $15.10M |
| 2025-05-31 | $14.93M |
| 2025-02-28 | $15.15M |
| 2024-11-30 | $15.75M |
| 2024-08-31 | $14.59M |
| 2024-05-31 | $13.04M |
| 2024-02-29 | $12.61M |
| 2023-11-30 | $11.99M |
| 2023-08-31 | $12.91M |
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.