MNRIX Performance — Real Estate Series, Class I
Data updated: 2024-11-22
MNRIX returned +24.30% over one year to Sep 2024. Annualised returns are +1.34% over 3 years and +3.80% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $104, against $109 for the category, and to $124 over one year, against $132. Volatility over the past three years was 21.70% a year. In the 12 months to Sep 2024 the fund lost a net $5.5M, and assets reached $249.21M.
MNRIX Growth of $100
What $100 invested in Real Estate Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | MNRIX | Category average |
|---|---|---|
| 1 year (Oct 2023 – Sep 2024) | $124 | $132 |
| 3 years (Oct 2021 – Sep 2024) | $104 | $109 |
| 5 years (Oct 2019 – Sep 2024) | $120 | $133 |
| Since data start (Jul 2019 – Sep 2024) | $130 | $140 |
MNRIX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +24.30% |
| 3 years (annualised) | +1.34% |
| 5 years (annualised) | +3.80% |
MNRIX Annual Returns
Calendar-year total returns of Real Estate Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Sep) | +9.54% |
| 2023 | +10.57% |
| 2022 | −26.84% |
| 2021 | +44.16% |
| 2020 | −5.96% |
| 2019 (Jul–Dec) | +7.93% |
MNRIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −4.6% | +1.2% | +0.9% | −9.4% | +5.8% | +1.8% | +6.3% | +5.6% | +2.6% | — | — | — |
| 2023 | +11.4% | −4.5% | +0.1% | +0.5% | −2.9% | +3.4% | +0.6% | −2.9% | −7.1% | −4.6% | +10.9% | +7.2% |
| 2022 | −8.9% | −3.5% | +6.9% | −3.2% | −6.3% | −6.0% | +7.9% | −5.9% | −13.4% | +1.8% | +7.1% | −4.6% |
| 2021 | −0.4% | +0.4% | +5.5% | +8.4% | +1.1% | +3.2% | +6.2% | +2.8% | −5.9% | +8.5% | −0.5% | +8.8% |
| 2020 | +2.3% | −7.6% | −18.6% | +6.9% | +1.3% | +2.2% | +6.2% | 0.0% | −2.9% | −2.1% | +6.3% | +2.8% |
| 2019 | — | — | — | — | — | — | +1.1% | +3.9% | +2.5% | +2.5% | −1.1% | −1.1% |
MNRIX Risk
Risk measures from monthly returns over Oct 2021 – Sep 2024.
- 3-year volatility (annualised): 21.70%
- 3-year Sharpe ratio: -0.15 (vs 4.5% risk-free rate)
- Best month: +11.37% (Jan 2023)
- Worst month: −13.37% (Sep 2022)
MNRIX Fund Flows
Monthly money in and out of Real Estate Series, from SEC Form N-PORT.
- 12-month net flow: −$5.5M
- 12-month gross sales (incl. reinvestments): $31.2M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2024 | $2.2M | $15.9M | −$13.7M |
| Aug 2024 | $501K | $7.2M | −$6.7M |
| Jul 2024 | $2.7M | $7.4M | −$4.7M |
| Jun 2024 | $1.6M | $5.1M | −$3.5M |
| May 2024 | $1.2M | $4.1M | −$2.8M |
| Apr 2024 | $1.6M | $3.0M | −$1.3M |
| Mar 2024 | $2.3M | $2.7M | −$413K |
| Feb 2024 | $2.3M | $5.0M | −$2.7M |
| Jan 2024 | $4.0M | $3.2M | $757K |
| Dec 2023 | $9.4M | −$9.4M | $18.7M |
| Nov 2023 | $1.7M | −$3.9M | $5.6M |
| Oct 2023 | $1.8M | −$3.4M | $5.2M |
MNRIX Assets Under Management
Net assets of Real Estate Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-09-30 | $249.21M |
| 2024-06-28 | $240.42M |
| 2024-03-28 | $254.28M |
| 2023-12-29 | $263.51M |
| 2023-09-29 | $242.89M |
| 2023-06-30 | $274.29M |
| 2023-03-31 | $276.04M |
| 2022-12-30 | $263.85M |
| 2022-09-30 | $259.54M |
| 2022-06-30 | $298.24M |
| 2022-03-31 | $366.23M |
| 2021-12-31 | $390.24M |
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.