MBAAX Performance — Global Strategist Portfolio, Class A
Data updated: 2026-08-21
MBAAX returned +6.68% year to date and +13.71% over one year to Jun 2026. Annualised returns are +12.50% over 3 years and +5.13% over 5 years. The fund beat its Moderate Allocation category average: $100 invested three years ago grew to $142, against $136 for the category, and to $114 over one year, against $112. Volatility over the past three years was 9.71% a year. In the 12 months to Jun 2026 the fund lost a net $7.1M, and assets reached $605.14M.
MBAAX Growth of $100
What $100 invested in Global Strategist Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | MBAAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $114 | $112 |
| 3 years (Jul 2023 – Jun 2026) | $142 | $136 |
| 5 years (Jul 2021 – Jun 2026) | $128 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $161 | $154 |
MBAAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.68% |
| 1 year | +13.71% |
| 3 years (annualised) | +12.50% |
| 5 years (annualised) | +5.13% |
MBAAX Annual Returns
Calendar-year total returns of Global Strategist Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.68% |
| 2025 | +17.24% |
| 2024 | +7.25% |
| 2023 | +13.91% |
| 2022 | −17.01% |
| 2021 | +8.34% |
| 2020 | +11.20% |
| 2019 (Jul–Dec) | +5.36% |
MBAAX 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% | +1.1% | −5.9% | +7.0% | +2.6% | −0.5% | — | — | — | — | — | — |
| 2025 | +2.4% | +0.7% | −1.3% | +1.6% | +3.0% | +3.3% | −0.2% | +2.4% | +2.2% | +1.2% | +0.1% | +0.7% |
| 2024 | −0.7% | +1.6% | +2.1% | −3.0% | +3.4% | +0.9% | +2.5% | +2.0% | +1.8% | −3.0% | +2.4% | −2.8% |
| 2023 | +6.4% | −3.7% | +2.4% | +0.6% | −1.9% | +3.7% | +2.7% | −2.3% | −3.7% | −2.1% | +7.4% | +4.5% |
| 2022 | −2.4% | −1.9% | −0.5% | −7.0% | +1.4% | −7.9% | +4.7% | −4.5% | −8.3% | +3.6% | +7.6% | −2.0% |
| 2021 | −0.2% | +1.8% | +1.4% | +2.8% | +2.3% | −1.1% | +0.3% | +0.9% | −2.6% | +2.1% | −1.8% | +2.5% |
| 2020 | −1.8% | −5.5% | −11.2% | +7.7% | +3.2% | +2.3% | +4.5% | +3.7% | −2.0% | −1.5% | +9.3% | +3.6% |
| 2019 | — | — | — | — | — | — | −0.4% | −1.2% | +1.0% | +2.0% | +1.1% | +2.8% |
MBAAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.71%
- 3-year Sharpe ratio: 0.82 (vs 4.5% risk-free rate)
- Best month: +7.36% (Nov 2023)
- Worst month: −5.89% (Mar 2026)
MBAAX Fund Flows
Monthly money in and out of Global Strategist Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$7.1M
- 12-month gross sales (incl. reinvestments): $40.4M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $168K | $1.4M | −$1.2M |
| May 2026 | $543K | $2.3M | −$1.7M |
| Apr 2026 | $112K | $1.6M | −$1.5M |
| Mar 2026 | $452K | $1.8M | −$1.4M |
| Feb 2026 | $386K | $1.9M | −$1.6M |
| Jan 2026 | $233K | $1.1M | −$830K |
| Dec 2025 | $36.7M | $3.5M | $33.3M |
| Nov 2025 | $300K | $4.4M | −$4.1M |
| Oct 2025 | $337K | $2.3M | −$1.9M |
| Sep 2025 | $393K | $23.3M | −$23.0M |
| Aug 2025 | $518K | $2.6M | −$2.1M |
| Jul 2025 | $213K | $1.3M | −$1.1M |
MBAAX Assets Under Management
Net assets of Global Strategist Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $605.14M |
| 2026-03-31 | $557.97M |
| 2025-12-31 | $574.62M |
| 2025-09-30 | $571.86M |
| 2025-06-30 | $572.61M |
| 2025-03-31 | $533.69M |
| 2024-12-31 | $529.43M |
| 2024-09-30 | $604.28M |
| 2024-06-30 | $570.85M |
| 2024-03-31 | $568.23M |
| 2023-12-31 | $557.76M |
| 2023-09-30 | $477.89M |
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.