MMITX Performance — Multi-Manager International Equity Fund, Class P
Data updated: 2026-09-22
MMITX returned +10.24% year to date and +19.40% over one year to Jul 2026. Annualised returns are +14.94% over 3 years and +8.93% over 5 years. The fund trailed its International Multi-Cap Blend category average: $100 invested three years ago grew to $152, against $159 for the category, and to $119 over one year, against $125. Volatility over the past three years was 13.36% a year. In the 12 months to Jul 2026 the fund took in a net $422.9M, and assets reached $2.11B.
MMITX Growth of $100
What $100 invested in Multi-Manager International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Multi-Cap Blend category average over the same months.
| Period | MMITX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $119 | $125 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $159 |
| 5 years (Aug 2021 – Jul 2026) | $153 | $155 |
| Since data start (Aug 2019 – Jul 2026) | $214 | $204 |
MMITX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.24% |
| 1 year | +19.40% |
| 3 years (annualised) | +14.94% |
| 5 years (annualised) | +8.93% |
MMITX Annual Returns
Calendar-year total returns of Multi-Manager International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.24% |
| 2025 | +27.66% |
| 2024 | +5.25% |
| 2023 | +20.44% |
| 2022 | −15.73% |
| 2021 | +12.42% |
| 2020 | +13.96% |
| 2019 (Aug–Dec) | +11.01% |
MMITX 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% | +3.3% | −9.9% | +6.3% | +3.6% | +1.4% | +2.2% | — | — | — | — | — |
| 2025 | +5.5% | +3.6% | −1.9% | +3.1% | +5.5% | +3.2% | −2.2% | +2.4% | +3.0% | 0.0% | 0.0% | +2.7% |
| 2024 | −0.6% | +3.6% | +2.6% | −3.3% | +5.2% | −1.6% | +2.8% | +4.0% | +0.9% | −4.8% | 0.0% | −3.0% |
| 2023 | +9.4% | −2.4% | +4.0% | +2.4% | −2.5% | +4.3% | +1.6% | −3.2% | −4.7% | −3.0% | +9.4% | +4.8% |
| 2022 | −3.9% | −4.2% | −1.2% | −6.2% | +2.1% | −8.1% | +5.3% | −6.1% | −8.6% | +6.2% | +12.3% | −2.3% |
| 2021 | −2.0% | +3.1% | +2.2% | +3.0% | +3.9% | −1.2% | +0.9% | +2.2% | −3.4% | +3.3% | −4.6% | +4.9% |
| 2020 | −3.1% | −7.0% | −15.3% | +8.3% | +5.6% | +4.7% | +2.7% | +4.9% | −2.8% | −4.0% | +17.7% | +5.5% |
| 2019 | — | — | — | — | — | — | — | −1.5% | +2.3% | +3.5% | +2.4% | +4.0% |
MMITX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 13.36%
- 3-year Sharpe ratio: 0.78 (vs 4.5% risk-free rate)
- Best month: +9.40% (Nov 2023)
- Worst month: −9.89% (Mar 2026)
MMITX Fund Flows
Monthly money in and out of Multi-Manager International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $422.9M
- 12-month gross sales (incl. reinvestments): $669.4M
- Sales ÷ redemptions: 2.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $113.0M | $43.1M | $69.9M |
| Jun 2026 | $50.9M | $31.6M | $19.3M |
| May 2026 | $29.4M | $9.9M | $19.4M |
| Apr 2026 | $94.8M | $18.8M | $76.0M |
| Mar 2026 | $49.8M | $39.6M | $10.3M |
| Feb 2026 | $14.3M | $22.5M | −$8.2M |
| Jan 2026 | $14.2M | $15.8M | −$1.6M |
| Dec 2025 | $184.1M | $18.3M | $165.8M |
| Nov 2025 | $16.0M | $8.1M | $7.9M |
| Oct 2025 | $49.7M | $12.7M | $37.0M |
| Sep 2025 | $6.3M | $7.9M | −$1.6M |
| Aug 2025 | $46.9M | $18.1M | $28.8M |
MMITX Assets Under Management
Net assets of Multi-Manager International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.11B |
| 2026-04-30 | $1.86B |
| 2026-01-31 | $1.80B |
| 2025-10-31 | $1.66B |
| 2025-07-31 | $1.51B |
| 2025-04-30 | $1.51B |
| 2025-01-31 | $1.74B |
| 2024-10-31 | $1.59B |
| 2024-07-31 | $1.56B |
| 2024-04-30 | $1.46B |
| 2024-01-31 | $1.42B |
| 2023-10-31 | $1.22B |
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.