MELIX Performance — Emerging Markets Leaders Portfolio, Class I
Data updated: 2026-08-21
MELIX returned +14.87% year to date and +17.11% over one year to Jun 2026. Annualised returns are +11.24% over 3 years and −2.09% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $138, against $179 for the category, and to $117 over one year, against $141. Volatility over the past three years was 15.97% a year. In the 12 months to Jun 2026 the fund lost a net $72.5M, and assets reached $100.63M.
MELIX Growth of $100
What $100 invested in Emerging Markets Leaders Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | MELIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $117 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $138 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $90 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $172 | $195 |
MELIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.87% |
| 1 year | +17.11% |
| 3 years (annualised) | +11.24% |
| 5 years (annualised) | −2.09% |
MELIX Annual Returns
Calendar-year total returns of Emerging Markets Leaders Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +14.87% |
| 2025 | +10.61% |
| 2024 | +2.24% |
| 2023 | +12.17% |
| 2022 | −33.49% |
| 2021 | +1.83% |
| 2020 | +59.35% |
| 2019 (Jul–Dec) | +9.62% |
MELIX 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 | +3.4% | +3.6% | −10.4% | +11.1% | +4.9% | +2.6% | — | — | — | — | — | — |
| 2025 | −0.7% | −6.9% | +1.5% | +8.1% | +3.1% | +3.8% | −5.2% | +3.5% | +2.9% | +0.9% | +1.9% | −1.7% |
| 2024 | −4.7% | +2.9% | +3.9% | −1.5% | +2.0% | +6.0% | 0.0% | +3.6% | −0.3% | −2.5% | −2.1% | −4.4% |
| 2023 | +5.3% | −3.6% | −0.2% | −0.7% | +1.0% | +4.2% | +2.3% | −3.9% | −2.3% | −4.3% | +10.0% | +4.8% |
| 2022 | −10.3% | −4.3% | −3.6% | −10.3% | −2.3% | −5.5% | +5.5% | −0.4% | −9.8% | −3.4% | +8.4% | −2.0% |
| 2021 | +3.4% | +1.3% | −6.9% | +6.1% | −0.1% | +6.2% | −6.7% | +8.7% | −4.1% | +1.2% | −3.5% | −2.3% |
| 2020 | +1.5% | −1.4% | −19.8% | +11.3% | +7.5% | +10.8% | +11.3% | +9.3% | −0.6% | +4.9% | +9.3% | +8.0% |
| 2019 | — | — | — | — | — | — | +0.8% | −3.6% | +2.3% | +3.4% | +2.7% | +3.9% |
MELIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.97%
- 3-year Sharpe ratio: 0.42 (vs 4.5% risk-free rate)
- Best month: +11.11% (Apr 2026)
- Worst month: −10.40% (Mar 2026)
MELIX Fund Flows
Monthly money in and out of Emerging Markets Leaders Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$72.5M
- 12-month gross sales (incl. reinvestments): $16.0M
- Sales ÷ redemptions: 0.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $516K | $8.6M | −$8.0M |
| May 2026 | $632K | $2.6M | −$2.0M |
| Apr 2026 | $757K | $14.9M | −$14.1M |
| Mar 2026 | $832K | $7.7M | −$6.8M |
| Feb 2026 | $1.1M | $6.7M | −$5.6M |
| Jan 2026 | $1.3M | $3.1M | −$1.8M |
| Dec 2025 | $1.0M | $3.9M | −$2.8M |
| Nov 2025 | $1.2M | $2.4M | −$1.2M |
| Oct 2025 | $1.1M | $5.1M | −$4.0M |
| Sep 2025 | $920K | $15.0M | −$14.1M |
| Aug 2025 | $4.9M | $11.9M | −$6.9M |
| Jul 2025 | $1.7M | $6.7M | −$5.0M |
MELIX Assets Under Management
Net assets of Emerging Markets Leaders Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $100.63M |
| 2026-03-31 | $105.60M |
| 2025-12-31 | $124.05M |
| 2025-09-30 | $130.84M |
| 2025-06-30 | $155.64M |
| 2025-03-31 | $145.24M |
| 2024-12-31 | $188.32M |
| 2024-09-30 | $239.48M |
| 2024-06-30 | $243.82M |
| 2024-03-31 | $246.82M |
| 2023-12-31 | $271.08M |
| 2023-09-30 | $278.62M |
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.