MSAAX Performance — Passport Overseas Equity Portfolio, Class C
Data updated: 2026-08-21
MSAAX returned +17.16% year to date and +30.55% over one year to Jun 2026. Annualised returns are +19.63% over 3 years and +6.80% over 5 years. The fund beat its International Large Blend category average: $100 invested three years ago grew to $171, against $167 for the category, and to $131 over one year, against $125. Volatility over the past three years was 13.22% a year. In the 12 months to Jun 2026 the fund took in a net $8.5M, and assets reached $198.66M.
MSAAX Growth of $100
What $100 invested in Passport Overseas Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Blend category average over the same months.
| Period | MSAAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $131 | $125 |
| 3 years (Jul 2023 – Jun 2026) | $171 | $167 |
| 5 years (Jul 2021 – Jun 2026) | $139 | $155 |
| Since data start (Jul 2019 – Jun 2026) | $204 | $208 |
MSAAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.16% |
| 1 year | +30.55% |
| 3 years (annualised) | +19.63% |
| 5 years (annualised) | +6.80% |
MSAAX Annual Returns
Calendar-year total returns of Passport Overseas Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +17.16% |
| 2025 | +37.00% |
| 2024 | +5.98% |
| 2023 | +11.29% |
| 2022 | −22.42% |
| 2021 | +1.22% |
| 2020 | +29.15% |
| 2019 (Jul–Dec) | +5.99% |
MSAAX 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 | +7.4% | +5.1% | −8.1% | +6.5% | +4.0% | +2.0% | — | — | — | — | — | — |
| 2025 | +4.9% | +2.9% | +2.0% | +3.4% | +5.0% | +2.9% | −0.7% | +3.5% | +5.1% | +0.4% | −0.5% | +3.2% |
| 2024 | −3.2% | +2.5% | +6.2% | −0.8% | +4.5% | −1.0% | −0.1% | +3.1% | +1.5% | −3.5% | −0.2% | −2.8% |
| 2023 | +11.1% | −5.7% | +6.0% | +0.3% | −5.0% | +4.6% | +3.6% | −6.8% | −3.0% | −4.1% | +5.7% | +5.9% |
| 2022 | −5.4% | −2.2% | +1.3% | −8.2% | +1.4% | −10.7% | +0.5% | −3.5% | −9.2% | +4.0% | +13.7% | −4.3% |
| 2021 | −1.0% | +2.3% | −0.8% | +4.9% | +3.1% | −1.4% | −0.9% | +2.1% | −4.7% | +3.7% | −6.4% | +1.1% |
| 2020 | −4.0% | −6.6% | −13.0% | +7.5% | +6.2% | +6.9% | +8.5% | +3.5% | −0.9% | −0.8% | +13.9% | +7.8% |
| 2019 | — | — | — | — | — | — | −1.6% | −3.3% | +1.2% | +3.0% | +1.8% | +5.0% |
MSAAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.22%
- 3-year Sharpe ratio: 1.14 (vs 4.5% risk-free rate)
- Best month: +7.43% (Jan 2026)
- Worst month: −8.07% (Mar 2026)
MSAAX Fund Flows
Monthly money in and out of Passport Overseas Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: $8.5M
- 12-month gross sales (incl. reinvestments): $39.0M
- Sales ÷ redemptions: 1.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $910K | $2.7M | −$1.8M |
| May 2026 | $733K | $1.0M | −$306K |
| Apr 2026 | $1.5M | $1.6M | −$67K |
| Mar 2026 | $2.1M | $1.8M | $304K |
| Feb 2026 | $2.5M | $1.8M | $629K |
| Jan 2026 | $1.5M | $2.9M | −$1.4M |
| Dec 2025 | $24.1M | $10.9M | $13.2M |
| Nov 2025 | $2.0M | $1.4M | $664K |
| Oct 2025 | $692K | $1.7M | −$1.0M |
| Sep 2025 | $392K | $1.5M | −$1.1M |
| Aug 2025 | $1.9M | $1.9M | −$5K |
| Jul 2025 | $767K | $1.3M | −$560K |
MSAAX Assets Under Management
Net assets of Passport Overseas Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $198.66M |
| 2026-03-31 | $177.54M |
| 2025-12-31 | $171.22M |
| 2025-09-30 | $173.37M |
| 2025-06-30 | $161.72M |
| 2025-03-31 | $147.66M |
| 2024-12-31 | $137.65M |
| 2024-09-30 | $155.02M |
| 2024-06-30 | $159.78M |
| 2024-03-31 | $158.19M |
| 2023-12-31 | $175.14M |
| 2023-09-30 | $167.52M |
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.