MBOVX Performance — M Large Cap Value Fund
Data updated: 2026-05-12
MBOVX returned +3.17% year to date and +16.86% over one year to Mar 2026. Annualised returns are +16.10% over 3 years and +11.45% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $157, against $150 for the category, and to $117 over one year, against $115. Volatility over the past three years was 12.92% a year. In the 12 months to Mar 2026 the fund took in a net $21.7M, and assets reached $192.40M.
MBOVX Growth of $100
What $100 invested in M Large Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | MBOVX | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $117 | $115 |
| 3 years (Apr 2023 – Mar 2026) | $157 | $150 |
| 5 years (Apr 2021 – Mar 2026) | $172 | $159 |
| Since data start (Jan 2020 – Mar 2026) | $192 | $186 |
MBOVX Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.17% |
| 1 year | +16.86% |
| 3 years (annualised) | +16.10% |
| 5 years (annualised) | +11.45% |
MBOVX Annual Returns
Calendar-year total returns of M Large Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | +3.17% |
| 2025 | +17.32% |
| 2024 | +18.64% |
| 2023 | +7.60% |
| 2022 | −1.45% |
| 2021 | +30.00% |
| 2020 | −3.17% |
MBOVX 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 | +3.8% | +3.0% | −3.5% | — | — | — | — | — | — | — | — | — |
| 2025 | +5.4% | +0.6% | −2.3% | −4.3% | +2.8% | +3.8% | +0.8% | +4.3% | +1.6% | −0.9% | +3.8% | +1.0% |
| 2024 | +1.8% | +3.1% | +6.6% | −4.3% | +3.1% | −1.1% | +5.9% | +2.4% | +0.7% | +0.2% | +6.7% | −7.0% |
| 2023 | +4.5% | −3.5% | −2.2% | +0.6% | −4.9% | +6.7% | +4.0% | −2.2% | −2.7% | −3.8% | +6.1% | +5.7% |
| 2022 | −0.7% | −0.8% | +2.0% | −4.7% | +2.7% | −8.7% | +5.0% | −1.9% | −8.4% | +13.9% | +6.4% | −4.2% |
| 2021 | +0.1% | +6.4% | +8.1% | +4.3% | +3.3% | −1.7% | +0.3% | +2.3% | −2.9% | +5.1% | −4.1% | +6.2% |
| 2020 | −2.3% | −11.0% | −18.0% | +11.9% | +2.8% | −0.7% | +2.9% | +3.5% | −2.2% | −2.3% | +12.4% | +3.9% |
MBOVX Risk
Risk measures from monthly returns over Apr 2023 – Mar 2026.
- 3-year volatility (annualised): 12.92%
- 3-year Sharpe ratio: 0.90 (vs 4.5% risk-free rate)
- Best month: +6.74% (Nov 2024)
- Worst month: −6.97% (Dec 2024)
MBOVX Fund Flows
Monthly money in and out of M Large Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $21.7M
- 12-month gross sales (incl. reinvestments): $36.3M
- Sales ÷ redemptions: 2.48×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $1.5M | $1.3M | $126K |
| Feb 2026 | $601K | $1.3M | −$737K |
| Jan 2026 | $4.0M | $998K | $3.0M |
| Dec 2025 | $16.1M | $682K | $15.4M |
| Nov 2025 | $2.5M | $830K | $1.6M |
| Oct 2025 | $1.6M | $1.5M | $104K |
| Sep 2025 | $3.6M | $1.4M | $2.2M |
| Aug 2025 | $1.1M | $632K | $467K |
| Jul 2025 | $1.2M | $1.6M | −$373K |
| Jun 2025 | $2.2M | $1.7M | $473K |
| May 2025 | $1.2M | $957K | $277K |
| Apr 2025 | $793K | $1.7M | −$903K |
MBOVX Assets Under Management
Net assets of M Large Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $192.40M |
| 2025-12-31 | $184.14M |
| 2025-09-30 | $172.83M |
| 2025-06-30 | $159.63M |
| 2025-03-31 | $157.48M |
| 2024-12-31 | $153.77M |
| 2024-09-30 | $157.02M |
| 2024-06-30 | $143.12M |
| 2024-03-31 | $145.65M |
| 2023-12-31 | $135.23M |
| 2023-09-30 | $131.39M |
| 2023-06-30 | $130.20M |
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.