MSFEX Performance — Next Gen Emerging Markets Portfolio, Class C
Data updated: 2025-08-22
MSFEX returned +10.39% over one year to Jun 2025. Annualised returns are +6.05% over 3 years and +1.23% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $119, against $135 for the category, and to $110 over one year, against $113. Volatility over the past three years was 12.80% a year. In the 12 months to Jun 2025 the fund lost a net $8.4M, and assets reached $20.78M.
MSFEX Growth of $100
What $100 invested in Next Gen 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 | MSFEX | Category average |
|---|---|---|
| 1 year (Jul 2024 – Jun 2025) | $110 | $113 |
| 3 years (Jul 2022 – Jun 2025) | $119 | $135 |
| 5 years (Jul 2020 – Jun 2025) | $106 | $141 |
| Since data start (Jul 2019 – Jun 2025) | $96 | $138 |
MSFEX Trailing Returns
Total returns to Jun 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +10.39% |
| 3 years (annualised) | +6.05% |
| 5 years (annualised) | +1.23% |
MSFEX Annual Returns
Calendar-year total returns of Next Gen Emerging Markets Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jun) | +3.73% |
| 2024 | +11.11% |
| 2023 | +5.57% |
| 2022 | −38.30% |
| 2021 | +14.02% |
| 2020 | +12.74% |
| 2019 (Jul–Dec) | −0.43% |
MSFEX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −0.5% | −3.6% | −3.1% | +0.5% | +7.7% | +3.1% | — | — | — | — | — | — |
| 2024 | −1.6% | +4.4% | +2.8% | −3.2% | +1.9% | +0.2% | +2.2% | +3.9% | +0.1% | −0.6% | +0.2% | +0.7% |
| 2023 | +4.1% | −3.6% | +0.8% | −0.1% | −4.8% | +2.6% | +6.3% | −0.2% | −1.6% | −7.3% | +7.5% | +2.8% |
| 2022 | −11.7% | −17.4% | +3.9% | −9.5% | −0.2% | −8.0% | +2.9% | +2.7% | −8.3% | +1.7% | +3.3% | −3.7% |
| 2021 | +2.1% | +4.4% | −2.5% | +5.5% | +2.8% | +3.7% | +0.1% | +5.8% | −3.4% | +3.8% | −5.5% | −2.9% |
| 2020 | −1.1% | −6.8% | −24.4% | +11.8% | +11.6% | +4.4% | +2.1% | +8.5% | −1.1% | −1.1% | +9.5% | +4.6% |
| 2019 | — | — | — | — | — | — | +0.6% | −2.1% | −1.6% | −0.5% | +2.2% | +1.1% |
MSFEX Risk
Risk measures from monthly returns over Jul 2022 – Jun 2025.
- 3-year volatility (annualised): 12.80%
- 3-year Sharpe ratio: 0.12 (vs 4.5% risk-free rate)
- Best month: +7.70% (May 2025)
- Worst month: −8.33% (Sep 2022)
MSFEX Fund Flows
Monthly money in and out of Next Gen Emerging Markets Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$8.4M
- 12-month gross sales (incl. reinvestments): $1.7M
- Sales ÷ redemptions: 0.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2025 | $19K | $171K | −$152K |
| May 2025 | $53K | $214K | −$161K |
| Apr 2025 | $453K | $421K | $32K |
| Mar 2025 | $71K | $529K | −$458K |
| Feb 2025 | $45K | $579K | −$534K |
| Jan 2025 | $45K | $350K | −$304K |
| Dec 2024 | $760K | $636K | $123K |
| Nov 2024 | $18K | $215K | −$197K |
| Oct 2024 | $61K | $646K | −$585K |
| Sep 2024 | $29K | $5.5M | −$5.5M |
| Aug 2024 | $5K | $312K | −$307K |
| Jul 2024 | $116K | $438K | −$321K |
MSFEX Assets Under Management
Net assets of Next Gen Emerging Markets Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-06-30 | $20.78M |
| 2025-03-31 | $18.83M |
| 2024-12-31 | $21.54M |
| 2024-09-30 | $22.78M |
| 2024-06-30 | $27.18M |
| 2024-03-31 | $32.69M |
| 2023-12-31 | $32.20M |
| 2023-09-30 | $32.64M |
| 2023-06-30 | $34.49M |
| 2023-03-31 | $41.72M |
| 2022-12-31 | $42.90M |
| 2022-09-30 | $44.01M |
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.