LCSMX Performance — Martin Currie SMASh Series EM Fund
Data updated: 2026-10-09
LCSMX returned +37.97% year to date and +79.65% over one year to Jul 2026. Annualised returns are +21.83% over 3 years and +8.08% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $181, against $164 for the category, and to $180 over one year, against $134. Volatility over the past three years was 27.57% a year. In the 12 months to Jul 2026 the fund lost a net $683.6M, and assets reached $1.38B.
LCSMX Growth of $100
What $100 invested in Martin Currie SMASh Series EM Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | LCSMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $180 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $181 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $147 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $243 | $188 |
LCSMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +37.97% |
| 1 year | +79.65% |
| 3 years (annualised) | +21.83% |
| 5 years (annualised) | +8.08% |
LCSMX Annual Returns
Calendar-year total returns of Martin Currie SMASh Series EM Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +37.97% |
| 2025 | +51.55% |
| 2024 | −13.60% |
| 2023 | +16.26% |
| 2022 | −27.23% |
| 2021 | +4.77% |
| 2020 | +35.71% |
| 2019 (Aug–Dec) | +11.78% |
LCSMX 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 | +13.3% | +12.9% | −13.0% | +21.9% | +18.3% | +1.6% | −15.4% | — | — | — | — | — |
| 2025 | +3.0% | −1.9% | +1.7% | +2.3% | +3.2% | +7.8% | −0.5% | +2.3% | +11.1% | +10.6% | −2.8% | +6.7% |
| 2024 | −6.5% | +3.1% | +4.2% | −4.3% | −0.5% | +5.4% | −0.5% | −1.0% | 0.0% | −7.3% | −2.9% | −3.5% |
| 2023 | +9.7% | −7.1% | +3.5% | +0.4% | +2.3% | +3.7% | +3.3% | −7.2% | −3.9% | −3.6% | +10.0% | +5.8% |
| 2022 | −2.3% | −6.7% | −2.0% | −7.7% | −0.8% | −11.5% | +5.6% | −2.8% | −12.2% | +6.1% | +11.4% | −5.8% |
| 2021 | +0.7% | +0.7% | −0.7% | +3.9% | +2.7% | +3.2% | −2.2% | −1.2% | −3.3% | +2.9% | −2.7% | +0.9% |
| 2020 | −2.2% | −3.6% | −20.9% | +9.7% | +2.9% | +9.4% | +8.9% | +3.1% | +0.6% | +2.4% | +14.0% | +12.0% |
| 2019 | — | — | — | — | — | — | — | −3.4% | +3.9% | +4.8% | −1.6% | +8.1% |
LCSMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 27.57%
- 3-year Sharpe ratio: 0.63 (vs 4.5% risk-free rate)
- Best month: +21.91% (Apr 2026)
- Worst month: −15.37% (Jul 2026)
LCSMX Fund Flows
Monthly money in and out of Martin Currie SMASh Series EM Fund, from SEC Form N-PORT.
- 12-month net flow: −$683.6M
- 12-month gross sales (incl. reinvestments): $259.4M
- Sales ÷ redemptions: 0.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $43.9M | $22.7M | $21.2M |
| Jun 2026 | $21.0M | $102.3M | −$81.3M |
| May 2026 | $18.5M | $227.4M | −$208.9M |
| Apr 2026 | $19.4M | $49.3M | −$29.9M |
| Mar 2026 | $19.4M | $110.6M | −$91.2M |
| Feb 2026 | $23.3M | $40.1M | −$16.8M |
| Jan 2026 | $27.2M | $106.3M | −$79.1M |
| Dec 2025 | $29.8M | $66.2M | −$36.4M |
| Nov 2025 | $11.1M | $55.5M | −$44.4M |
| Oct 2025 | $17.4M | $44.6M | −$27.2M |
| Sep 2025 | $20.6M | $73.8M | −$53.2M |
| Aug 2025 | $7.8M | $44.1M | −$36.3M |
LCSMX Assets Under Management
Net assets of Martin Currie SMASh Series EM Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.38B |
| 2026-04-30 | $1.59B |
| 2026-01-30 | $1.45B |
| 2025-10-31 | $1.40B |
| 2025-07-31 | $1.23B |
| 2025-04-30 | $1.10B |
| 2025-01-31 | $990.77M |
| 2024-10-31 | $1.10B |
| 2024-07-31 | $1.32B |
| 2024-04-30 | $1.32B |
| 2024-01-31 | $1.29B |
| 2023-10-31 | $1.14B |
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.