NMIEX Performance — Active M International Equity Fund
Data updated: 2026-08-28
NMIEX returned +11.13% year to date and +20.54% over one year to Jun 2026. Annualised returns are +18.23% over 3 years and +10.05% over 5 years. Against its International Multi-Cap Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $165, against $162 for the category, and to $121 over one year, against $122. Volatility over the past three years was 13.89% a year. In the 12 months to Jun 2026 the fund took in a net $71.8M, and assets reached $683.80M.
NMIEX Growth of $100
What $100 invested in Active M International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Multi-Cap Blend category average over the same months.
| Period | NMIEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $165 | $162 |
| 5 years (Jul 2021 – Jun 2026) | $161 | $154 |
| Since data start (Jul 2019 – Jun 2026) | $218 | $200 |
NMIEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.13% |
| 1 year | +20.54% |
| 3 years (annualised) | +18.23% |
| 5 years (annualised) | +10.05% |
NMIEX Annual Returns
Calendar-year total returns of Active M International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.13% |
| 2025 | +34.88% |
| 2024 | +4.83% |
| 2023 | +20.71% |
| 2022 | −17.14% |
| 2021 | +14.43% |
| 2020 | +11.69% |
| 2019 (Jul–Dec) | +8.42% |
NMIEX 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 | +5.8% | +4.7% | −9.8% | +7.3% | +3.2% | +0.4% | — | — | — | — | — | — |
| 2025 | +5.9% | +3.2% | −1.0% | +3.8% | +6.4% | +4.1% | −1.4% | +3.4% | +3.0% | −0.1% | +0.7% | +2.7% |
| 2024 | −0.3% | +3.5% | +3.5% | −3.4% | +4.9% | −2.1% | +2.8% | +3.6% | +0.6% | −4.6% | +0.5% | −3.7% |
| 2023 | +9.8% | −2.0% | +2.4% | +2.2% | −2.6% | +4.7% | +2.5% | −3.2% | −4.1% | −3.5% | +9.4% | +4.8% |
| 2022 | −4.2% | −4.3% | −1.0% | −6.7% | +1.9% | −8.8% | +5.3% | −5.8% | −9.6% | +6.5% | +12.9% | −2.3% |
| 2021 | −0.9% | +3.4% | +2.4% | +3.7% | +3.6% | −1.2% | +0.7% | +2.3% | −3.1% | +3.4% | −5.2% | +5.1% |
| 2020 | −4.5% | −7.7% | −16.8% | +8.6% | +6.6% | +4.5% | +4.2% | +5.3% | −2.8% | −2.7% | +14.9% | +5.5% |
| 2019 | — | — | — | — | — | — | −2.2% | −2.2% | +2.9% | +3.3% | +2.1% | +4.4% |
NMIEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.89%
- 3-year Sharpe ratio: 0.99 (vs 4.5% risk-free rate)
- Best month: +9.40% (Nov 2023)
- Worst month: −9.78% (Mar 2026)
NMIEX Fund Flows
Monthly money in and out of Active M International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $71.8M
- 12-month gross sales (incl. reinvestments): $155.8M
- Sales ÷ redemptions: 1.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3.0M | $4.8M | −$1.8M |
| May 2026 | $12.8M | $6.6M | $6.2M |
| Apr 2026 | $13.0M | $8.2M | $4.9M |
| Mar 2026 | $12.4M | $21.7M | −$9.3M |
| Feb 2026 | $4.3M | $4.5M | −$144K |
| Jan 2026 | $19.3M | $5.2M | $14.1M |
| Dec 2025 | $44.9M | $12.3M | $32.7M |
| Nov 2025 | $8.2M | $2.7M | $5.4M |
| Oct 2025 | $9.4M | $2.7M | $6.7M |
| Sep 2025 | $7.6M | $9.9M | −$2.3M |
| Aug 2025 | $13.7M | $2.6M | $11.1M |
| Jul 2025 | $7.2M | $3.0M | $4.2M |
NMIEX Assets Under Management
Net assets of Active M International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $683.80M |
| 2026-03-31 | $605.83M |
| 2025-12-31 | $602.88M |
| 2025-09-30 | $597.48M |
| 2025-06-30 | $555.77M |
| 2025-03-31 | $468.86M |
| 2024-12-31 | $437.82M |
| 2024-09-30 | $512.71M |
| 2024-06-28 | $489.47M |
| 2024-03-28 | $485.98M |
| 2023-12-29 | $449.41M |
| 2023-09-29 | $436.42M |
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.