MSMFX Performance — Discovery Portfolio, Class C
Data updated: 2026-08-21
MSMFX returned +1.95% year to date and −4.61% over one year to Jun 2026. Annualised returns are +22.12% over 3 years and −7.01% over 5 years. Against its US Mid-Cap Growth category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $182, against $152 for the category, and to $95 over one year, against $118. Volatility over the past three years was 29.02% a year. In the 12 months to Jun 2026 the fund lost a net $368.1M, and assets reached $801.46M.
MSMFX Growth of $100
What $100 invested in Discovery Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | MSMFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $95 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $182 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $70 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $174 | $203 |
MSMFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.95% |
| 1 year | −4.61% |
| 3 years (annualised) | +22.12% |
| 5 years (annualised) | −7.01% |
MSMFX Annual Returns
Calendar-year total returns of Discovery Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.95% |
| 2025 | +12.86% |
| 2024 | +40.97% |
| 2023 | +45.16% |
| 2022 | −63.81% |
| 2021 | −12.77% |
| 2020 | +140.16% |
| 2019 (Jul–Dec) | −2.52% |
MSMFX 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 | −5.5% | −1.1% | −5.4% | +10.3% | +9.5% | −4.5% | — | — | — | — | — | — |
| 2025 | +8.8% | −6.4% | −9.1% | +7.6% | +12.5% | +7.6% | +3.2% | −0.1% | +0.2% | +0.1% | −8.6% | −1.1% |
| 2024 | −8.5% | +13.2% | +3.6% | −10.4% | +0.3% | +3.6% | +2.0% | +6.4% | +5.8% | +7.6% | +20.7% | −5.5% |
| 2023 | +17.1% | −3.9% | +3.5% | −6.8% | +8.5% | +9.8% | +8.7% | −10.4% | −5.3% | −9.0% | +14.4% | +17.1% |
| 2022 | −22.9% | −1.9% | −5.4% | −22.9% | −18.3% | −7.6% | +14.4% | +0.7% | −11.4% | +0.7% | −5.8% | −10.0% |
| 2021 | +8.5% | +2.3% | −12.1% | +2.8% | −5.5% | +12.8% | −5.5% | +0.8% | −5.2% | +11.1% | −7.2% | −12.3% |
| 2020 | +7.1% | −1.0% | −11.8% | +23.7% | +20.5% | +13.6% | +13.2% | +5.9% | +3.9% | −1.4% | +18.9% | +3.6% |
| 2019 | — | — | — | — | — | — | +4.2% | −2.8% | −10.8% | +0.1% | +9.9% | −1.9% |
MSMFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 29.02%
- 3-year Sharpe ratio: 0.61 (vs 4.5% risk-free rate)
- Best month: +20.66% (Nov 2024)
- Worst month: −10.42% (Aug 2023)
MSMFX Fund Flows
Monthly money in and out of Discovery Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$368.1M
- 12-month gross sales (incl. reinvestments): $178.9M
- Sales ÷ redemptions: 0.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.1M | $26.2M | −$21.2M |
| May 2026 | $3.4M | $34.4M | −$31.0M |
| Apr 2026 | $20.5M | $23.9M | −$3.4M |
| Mar 2026 | $5.5M | $24.6M | −$19.1M |
| Feb 2026 | $10.5M | $39.6M | −$29.1M |
| Jan 2026 | $18.8M | $50.0M | −$31.2M |
| Dec 2025 | $13.0M | $36.8M | −$23.7M |
| Nov 2025 | $11.4M | $138.5M | −$127.1M |
| Oct 2025 | $17.2M | $62.5M | −$45.3M |
| Sep 2025 | $20.0M | $41.8M | −$21.8M |
| Aug 2025 | $22.2M | $38.7M | −$16.5M |
| Jul 2025 | $31.2M | $30.0M | $1.2M |
MSMFX Assets Under Management
Net assets of Discovery Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $801.46M |
| 2026-03-31 | $742.83M |
| 2025-12-31 | $920.70M |
| 2025-09-30 | $1.23B |
| 2025-06-30 | $1.22B |
| 2025-03-31 | $945.02M |
| 2024-12-31 | $1.07B |
| 2024-09-30 | $899.61M |
| 2024-06-30 | $872.54M |
| 2024-03-31 | $1.04B |
| 2023-12-31 | $1.02B |
| 2023-09-30 | $906.28M |
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.