MMKBX Performance — Emerging Markets Portfolio, Class A
Data updated: 2026-08-21
MMKBX returned +33.27% year to date and +53.59% over one year to Jun 2026. Annualised returns are +25.70% over 3 years and +8.36% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $199, against $179 for the category, and to $154 over one year, against $141. Volatility over the past three years was 17.01% a year. In the 12 months to Jun 2026 the fund lost a net $373.6M, and assets reached $183.77M.
MMKBX Growth of $100
What $100 invested in Emerging Markets 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 | MMKBX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $154 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $199 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $149 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $202 | $195 |
MMKBX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +33.27% |
| 1 year | +53.59% |
| 3 years (annualised) | +25.70% |
| 5 years (annualised) | +8.36% |
MMKBX Annual Returns
Calendar-year total returns of Emerging Markets Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +33.27% |
| 2025 | +31.78% |
| 2024 | +7.69% |
| 2023 | +11.71% |
| 2022 | −25.31% |
| 2021 | +3.22% |
| 2020 | +14.23% |
| 2019 (Jul–Dec) | +8.61% |
MMKBX 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 | +8.3% | +8.1% | −11.5% | +15.2% | +10.0% | +1.6% | — | — | — | — | — | — |
| 2025 | +1.2% | −0.8% | +1.4% | +1.5% | +4.8% | +5.6% | 0.0% | +1.6% | +7.3% | +4.9% | −1.4% | +2.1% |
| 2024 | −3.2% | +4.5% | +3.1% | +0.6% | +1.3% | +4.6% | −0.8% | +0.6% | +4.3% | −3.7% | −2.3% | −1.1% |
| 2023 | +8.4% | −7.3% | +2.2% | −0.2% | −1.2% | +5.1% | +4.7% | −6.0% | −2.1% | −2.7% | +6.8% | +5.0% |
| 2022 | −3.2% | −7.5% | −2.0% | −8.7% | +1.8% | −9.6% | +2.9% | −1.5% | −9.7% | +0.8% | +14.4% | −3.9% |
| 2021 | +2.7% | +1.0% | −1.4% | +2.9% | +2.4% | +1.1% | −4.9% | +4.3% | −5.0% | +2.2% | −5.5% | +3.8% |
| 2020 | −5.1% | −4.3% | −19.4% | +7.8% | +3.2% | +7.7% | +10.3% | +1.5% | −0.9% | +0.1% | +8.7% | +7.8% |
| 2019 | — | — | — | — | — | — | −0.7% | −3.5% | +2.0% | +4.3% | −0.7% | +7.2% |
MMKBX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 17.01%
- 3-year Sharpe ratio: 1.25 (vs 4.5% risk-free rate)
- Best month: +15.24% (Apr 2026)
- Worst month: −11.54% (Mar 2026)
MMKBX Fund Flows
Monthly money in and out of Emerging Markets Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$373.6M
- 12-month gross sales (incl. reinvestments): $132.4M
- Sales ÷ redemptions: 0.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3.6M | $10.3M | −$6.7M |
| May 2026 | $29.1M | $4.6M | $24.6M |
| Apr 2026 | $1.2M | $1.8M | −$557K |
| Mar 2026 | $5.7M | $4.0M | $1.7M |
| Feb 2026 | $1.2M | $1.8M | −$594K |
| Jan 2026 | $2.2M | $12.8M | −$10.7M |
| Dec 2025 | $80.0M | $23.3M | $56.6M |
| Nov 2025 | $821K | $43.4M | −$42.5M |
| Oct 2025 | $3.7M | $6.8M | −$3.1M |
| Sep 2025 | $1.2M | $5.0M | −$3.7M |
| Aug 2025 | $634K | $1.1M | −$500K |
| Jul 2025 | $3.0M | $391.1M | −$388.1M |
MMKBX Assets Under Management
Net assets of Emerging Markets Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $183.77M |
| 2026-03-31 | $128.20M |
| 2025-12-31 | $133.33M |
| 2025-09-30 | $187.59M |
| 2025-06-30 | $566.77M |
| 2025-03-31 | $512.34M |
| 2024-12-31 | $518.45M |
| 2024-09-30 | $549.53M |
| 2024-06-30 | $531.34M |
| 2024-03-31 | $510.24M |
| 2023-12-31 | $517.55M |
| 2023-09-30 | $482.47M |
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.