MILGX Performance — Emerging Markets Fund, Class I
Data updated: 2023-07-12
MILGX returned −3.51% over one year to Apr 2023. The annualised 3-year return is +7.07%. Against its Emerging Markets Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $123, against $118 for the category, and to $96 over one year, against $97. Volatility over the past three years was 17.99% a year. In the 12 months to Apr 2023 the fund took in a net $75.0M, and assets reached $23.07M.
MILGX Growth of $100
What $100 invested in Emerging Markets Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | MILGX | Category average |
|---|---|---|
| 1 year (May 2022 – Apr 2023) | $96 | $97 |
| 3 years (May 2020 – Apr 2023) | $123 | $118 |
| Since data start (Feb 2020 – Apr 2023) | $101 | $104 |
MILGX Trailing Returns
Total returns to Apr 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.51% |
| 3 years (annualised) | +7.07% |
MILGX Annual Returns
Calendar-year total returns of Emerging Markets Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Apr) | +0.09% |
| 2022 | −20.41% |
| 2021 | +1.69% |
| 2020 (Feb–Dec) | +24.60% |
MILGX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +7.6% | −6.7% | +1.7% | −1.9% | — | — | — | — | — | — | — | — |
| 2022 | −3.2% | −5.8% | −3.6% | −6.1% | +1.5% | −5.5% | +0.6% | −0.4% | −9.4% | −2.1% | +12.9% | +0.1% |
| 2021 | +2.1% | +1.8% | −1.5% | +2.7% | +2.6% | −0.2% | −3.0% | +4.2% | −4.2% | +2.9% | −6.5% | +1.4% |
| 2020 | — | −4.9% | −20.4% | +8.6% | +3.2% | +7.6% | +7.8% | +2.7% | −0.4% | +2.8% | +11.8% | +7.8% |
MILGX Risk
Risk measures from monthly returns over May 2020 – Apr 2023.
- 3-year volatility (annualised): 17.99%
- 3-year Sharpe ratio: 0.14 (vs 4.5% risk-free rate)
- Best month: +12.94% (Nov 2022)
- Worst month: −9.43% (Sep 2022)
MILGX Fund Flows
Monthly money in and out of Emerging Markets Fund, from SEC Form N-PORT.
- 12-month net flow: $75.0M
- 12-month gross sales (incl. reinvestments): $26.6M
- Sales ÷ redemptions: -0.55×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2023 | $6.4M | −$3.6M | $10.0M |
| Mar 2023 | $1.0M | −$274K | $1.3M |
| Feb 2023 | $313K | −$967K | $1.3M |
| Jan 2023 | $935K | −$7.8M | $8.7M |
| Dec 2022 | $3.3M | −$6.9M | $10.2M |
| Nov 2022 | $361K | −$2.2M | $2.6M |
| Oct 2022 | $1.1M | −$2.8M | $4.0M |
| Sep 2022 | $714K | −$6.1M | $6.8M |
| Aug 2022 | $1.6M | −$2.1M | $3.7M |
| Jul 2022 | $2.0M | −$2.7M | $4.7M |
| Jun 2022 | $5.5M | −$9.0M | $14.5M |
| May 2022 | $3.4M | −$4.0M | $7.4M |
MILGX Assets Under Management
Net assets of Emerging Markets Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-04-30 | $23.07M |
| 2023-01-31 | $21.57M |
| 2022-10-31 | $30.77M |
| 2022-07-31 | $42.90M |
| 2022-04-30 | $49.10M |
| 2022-01-31 | $59.07M |
| 2021-10-31 | $63.26M |
| 2021-07-31 | $60.46M |
| 2021-04-30 | $62.95M |
| 2021-01-31 | $64.12M |
| 2020-10-31 | $52.52M |
| 2020-07-31 | $56.46M |
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.