MBSAX Performance — Multisector Bond SMA Completion Portfolio
Data updated: 2026-07-29
MBSAX returned +2.63% year to date and +10.09% over one year to May 2026. Annualised returns are +10.62% over 3 years and +6.71% over 5 years. The fund beat its Intermediate Securitized Bond category average: $100 invested three years ago grew to $135, against $116 for the category, and to $110 over one year, against $106. Volatility over the past three years was 6.65% a year. In the 12 months to May 2026 the fund took in a net $63.1M, and assets reached $109.92M.
MBSAX Growth of $100
What $100 invested in Multisector Bond SMA Completion Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | MBSAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $110 | $106 |
| 3 years (Jun 2023 – May 2026) | $135 | $116 |
| 5 years (Jun 2021 – May 2026) | $138 | $105 |
| Since data start (Oct 2019 – May 2026) | $150 | $111 |
MBSAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.63% |
| 1 year | +10.09% |
| 3 years (annualised) | +10.62% |
| 5 years (annualised) | +6.71% |
MBSAX Annual Returns
Calendar-year total returns of Multisector Bond SMA Completion Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.63% |
| 2025 | +10.99% |
| 2024 | +7.86% |
| 2023 | +14.43% |
| 2022 | −0.68% |
| 2021 | +3.10% |
| 2020 | +2.54% |
| 2019 (Oct–Dec) | +1.52% |
MBSAX 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 | +0.4% | +0.9% | −2.6% | +2.8% | +1.2% | — | — | — | — | — | — | — |
| 2025 | +0.8% | +1.6% | −0.4% | +0.2% | +1.3% | +2.5% | 0.0% | +1.8% | +1.3% | +0.8% | +0.8% | 0.0% |
| 2024 | +0.8% | −1.1% | +1.8% | −2.6% | +2.5% | +0.7% | +3.1% | +1.7% | +1.9% | −2.5% | +2.3% | −0.9% |
| 2023 | +4.7% | −2.8% | +2.0% | +0.4% | −0.4% | +1.8% | +1.3% | −0.6% | −1.8% | −1.6% | +6.6% | +4.3% |
| 2022 | −0.6% | −0.6% | −0.1% | −1.3% | +0.2% | −2.0% | +0.6% | −2.3% | −2.5% | +2.5% | +6.9% | −1.1% |
| 2021 | +0.1% | +1.7% | +1.6% | +0.4% | +0.2% | −0.3% | −1.0% | +0.6% | −0.1% | −0.1% | −1.4% | +1.5% |
| 2020 | −1.1% | −2.0% | −6.7% | +0.8% | +2.6% | −0.3% | +1.7% | +2.5% | −1.1% | +0.6% | +4.9% | +1.0% |
| 2019 | — | — | — | — | — | — | — | — | — | 0.0% | +0.5% | +1.0% |
MBSAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.65%
- 3-year Sharpe ratio: 0.92 (vs 4.5% risk-free rate)
- Best month: +6.61% (Nov 2023)
- Worst month: −2.65% (Mar 2026)
MBSAX Fund Flows
Monthly money in and out of Multisector Bond SMA Completion Portfolio, from SEC Form N-PORT.
- 12-month net flow: $63.1M
- 12-month gross sales (incl. reinvestments): $77.5M
- Sales ÷ redemptions: 5.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.4M | $3.0M | $383K |
| Apr 2026 | $4.8M | $2.1M | $2.7M |
| Mar 2026 | $6.5M | $1.5M | $5.0M |
| Feb 2026 | $5.0M | $1.5M | $3.6M |
| Jan 2026 | $5.6M | $974K | $4.6M |
| Dec 2025 | $10.4M | $1.3M | $9.1M |
| Nov 2025 | $6.6M | $1.1M | $5.5M |
| Oct 2025 | $9.1M | $728K | $8.4M |
| Sep 2025 | $7.3M | $596K | $6.7M |
| Aug 2025 | $6.0M | $241K | $5.8M |
| Jul 2025 | $5.1M | $835K | $4.3M |
| Jun 2025 | $7.6M | $630K | $7.0M |
MBSAX Assets Under Management
Net assets of Multisector Bond SMA Completion Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $109.92M |
| 2026-02-28 | $101.80M |
| 2025-11-30 | $86.34M |
| 2025-08-31 | $64.62M |
| 2025-05-31 | $45.94M |
| 2025-02-28 | $20.12M |
| 2024-11-30 | $5.22M |
| 2024-08-31 | $2.71M |
| 2024-05-31 | $2.57M |
| 2024-02-29 | $2.52M |
| 2023-11-30 | $2.43M |
| 2023-08-31 | $2.36M |
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.