MFLLX Performance — Inception Portfolio, Class R6
Data updated: 2026-08-21
MFLLX returned +6.85% year to date and +3.90% over one year to Jun 2026. Annualised returns are +14.81% over 3 years and −9.16% over 5 years. The fund trailed its US Small Growth category average: $100 invested three years ago grew to $151, against $156 for the category, and to $104 over one year, against $132. Volatility over the past three years was 31.71% a year. In the 12 months to Jun 2026 the fund lost a net $59.0M, and assets reached $282.16M.
MFLLX Growth of $100
What $100 invested in Inception Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | MFLLX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $132 |
| 3 years (Jul 2023 – Jun 2026) | $151 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $62 | $127 |
| Since data start (Jul 2019 – Jun 2026) | $211 | $203 |
MFLLX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.85% |
| 1 year | +3.90% |
| 3 years (annualised) | +14.81% |
| 5 years (annualised) | −9.16% |
MFLLX Annual Returns
Calendar-year total returns of Inception Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.85% |
| 2025 | +1.11% |
| 2024 | +29.52% |
| 2023 | +54.59% |
| 2022 | −59.38% |
| 2021 | −3.30% |
| 2020 | +150.82% |
| 2019 (Jul–Dec) | −1.12% |
MFLLX 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 | −4.3% | −5.1% | −5.4% | +12.2% | +14.3% | −3.0% | — | — | — | — | — | — |
| 2025 | +3.7% | −8.0% | −6.3% | +7.7% | +2.2% | +5.8% | +2.9% | +1.9% | +7.2% | +1.8% | −9.5% | −6.1% |
| 2024 | −9.0% | +9.0% | +3.9% | −13.5% | +0.3% | +2.1% | +3.2% | −0.1% | +5.0% | +6.6% | +28.4% | −4.2% |
| 2023 | +20.8% | −0.6% | +0.9% | −6.7% | +9.3% | +15.7% | +9.7% | −8.2% | −7.5% | −13.0% | +11.3% | +19.9% |
| 2022 | −21.3% | −3.4% | −3.0% | −20.5% | −10.3% | −10.6% | +13.1% | −3.2% | −9.5% | +1.3% | −7.2% | −7.2% |
| 2021 | +33.1% | +3.8% | −10.5% | +5.8% | −5.1% | +10.7% | −7.0% | −2.9% | −7.1% | +3.0% | −10.6% | −8.9% |
| 2020 | +6.4% | −2.3% | −20.0% | +26.2% | +21.9% | +12.5% | +10.7% | +11.0% | −2.7% | −4.5% | +27.8% | +19.5% |
| 2019 | — | — | — | — | — | — | +6.2% | −8.6% | −7.2% | +2.0% | +9.2% | −1.4% |
MFLLX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 31.71%
- 3-year Sharpe ratio: 0.33 (vs 4.5% risk-free rate)
- Best month: +28.37% (Nov 2024)
- Worst month: −13.52% (Apr 2024)
MFLLX Fund Flows
Monthly money in and out of Inception Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$59.0M
- 12-month gross sales (incl. reinvestments): $130.1M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.6M | $10.0M | −$7.4M |
| May 2026 | $1.7M | $9.5M | −$7.7M |
| Apr 2026 | $10.7M | $8.1M | $2.6M |
| Mar 2026 | $2.5M | $9.5M | −$7.0M |
| Feb 2026 | $2.4M | $16.5M | −$14.1M |
| Jan 2026 | $3.8M | $17.0M | −$13.2M |
| Dec 2025 | $5.3M | $30.5M | −$25.2M |
| Nov 2025 | $5.9M | $50.5M | −$44.6M |
| Oct 2025 | $23.5M | $9.2M | $14.2M |
| Sep 2025 | $58.3M | $13.5M | $44.8M |
| Aug 2025 | $7.2M | $6.4M | $828K |
| Jul 2025 | $6.1M | $8.3M | −$2.2M |
MFLLX Assets Under Management
Net assets of Inception Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $282.16M |
| 2026-03-31 | $237.60M |
| 2025-12-31 | $312.44M |
| 2025-09-30 | $424.86M |
| 2025-06-30 | $340.19M |
| 2025-03-31 | $306.99M |
| 2024-12-31 | $383.78M |
| 2024-09-30 | $307.94M |
| 2024-06-30 | $327.08M |
| 2024-03-31 | $423.03M |
| 2023-12-31 | $455.50M |
| 2023-09-30 | $412.38M |
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.