MSTVX Performance — Morningstar Alternatives Fund, Institutional Class
Data updated: 2026-09-28
MSTVX returned +1.98% year to date and +4.87% over one year to Jul 2026. Annualised returns are +6.45% over 3 years and +4.00% over 5 years. The fund trailed its Market Neutral category average: $100 invested three years ago grew to $121, against $138 for the category, and to $105 over one year, against $113. Volatility over the past three years was 2.73% a year. In the 12 months to Jul 2026 the fund took in a net $31.9M, and assets reached $255.90M.
MSTVX Growth of $100
What $100 invested in Morningstar Alternatives Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Market Neutral category average over the same months.
| Period | MSTVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $113 |
| 3 years (Aug 2023 – Jul 2026) | $121 | $138 |
| 5 years (Aug 2021 – Jul 2026) | $122 | $142 |
| Since data start (Feb 2020 – Jul 2026) | $129 | $164 |
MSTVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.98% |
| 1 year | +4.87% |
| 3 years (annualised) | +6.45% |
| 5 years (annualised) | +4.00% |
MSTVX Annual Returns
Calendar-year total returns of Morningstar Alternatives Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.98% |
| 2025 | +6.42% |
| 2024 | +6.36% |
| 2023 | +6.83% |
| 2022 | −2.71% |
| 2021 | +4.21% |
| 2020 (Feb–Dec) | +3.20% |
MSTVX 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 | +0.7% | +1.5% | −1.4% | 0.0% | +0.1% | +0.6% | +0.6% | — | — | — | — | — |
| 2025 | +1.3% | +1.3% | −0.2% | 0.0% | +0.4% | +0.7% | 0.0% | +0.8% | +0.3% | +0.3% | +0.7% | +0.8% |
| 2024 | +0.5% | +0.1% | +1.6% | −0.9% | +0.6% | +0.5% | +1.5% | +1.5% | +0.9% | −0.3% | +0.9% | −0.6% |
| 2023 | +1.1% | −0.3% | −0.4% | +0.2% | −0.7% | +1.1% | +1.2% | +0.7% | +0.2% | −0.7% | +2.3% | +1.9% |
| 2022 | −0.8% | −0.8% | 0.0% | −1.0% | 0.0% | −1.8% | +1.5% | −0.1% | −1.8% | +1.1% | +0.7% | +0.2% |
| 2021 | +0.9% | 0.0% | +0.8% | +0.8% | +0.6% | +0.2% | −0.4% | +0.3% | −0.2% | +0.5% | −0.2% | +1.0% |
| 2020 | — | −0.3% | −5.3% | +2.7% | +1.3% | +1.2% | +1.6% | +0.5% | −0.2% | 0.0% | +1.0% | +0.8% |
MSTVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.73%
- 3-year Sharpe ratio: 0.71 (vs 4.5% risk-free rate)
- Best month: +2.31% (Nov 2023)
- Worst month: −1.38% (Mar 2026)
MSTVX Fund Flows
Monthly money in and out of Morningstar Alternatives Fund, from SEC Form N-PORT.
- 12-month net flow: $31.9M
- 12-month gross sales (incl. reinvestments): $90.5M
- Sales ÷ redemptions: 1.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.8M | $5.5M | −$1.7M |
| Jun 2026 | $4.3M | $6.2M | −$1.8M |
| May 2026 | $3.6M | $5.1M | −$1.5M |
| Apr 2026 | $7.1M | $5.1M | $2.1M |
| Mar 2026 | $6.6M | $4.2M | $2.3M |
| Feb 2026 | $3.9M | $5.4M | −$1.5M |
| Jan 2026 | $24.3M | $5.1M | $19.3M |
| Dec 2025 | $11.2M | $5.2M | $6.0M |
| Nov 2025 | $3.4M | $4.3M | −$890K |
| Oct 2025 | $15.1M | $4.5M | $10.6M |
| Sep 2025 | $3.8M | $3.4M | $416K |
| Aug 2025 | $3.2M | $4.6M | −$1.4M |
MSTVX Assets Under Management
Net assets of Morningstar Alternatives Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $255.90M |
| 2026-04-30 | $257.95M |
| 2026-01-30 | $254.86M |
| 2025-10-31 | $233.08M |
| 2025-07-31 | $220.53M |
| 2025-04-30 | $208.98M |
| 2025-01-31 | $219.46M |
| 2024-10-31 | $228.02M |
| 2024-07-31 | $226.34M |
| 2024-04-30 | $226.16M |
| 2024-01-31 | $230.23M |
| 2023-10-31 | $258.59M |
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.