NMMEX Performance — Active M Emerging Markets Equity Fund
Data updated: 2026-08-28
NMMEX returned +27.92% year to date and +49.76% over one year to Jun 2026. Annualised returns are +24.43% over 3 years and +8.30% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $193, against $179 for the category, and to $150 over one year, against $141. Volatility over the past three years was 17.35% a year. In the 12 months to Jun 2026 the fund lost a net $18.4M, and assets reached $225.27M.
NMMEX Growth of $100
What $100 invested in Active M Emerging Markets Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | NMMEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $150 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $193 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $149 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $202 | $195 |
NMMEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +27.92% |
| 1 year | +49.76% |
| 3 years (annualised) | +24.43% |
| 5 years (annualised) | +8.30% |
NMMEX Annual Returns
Calendar-year total returns of Active M Emerging Markets Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +27.92% |
| 2025 | +34.14% |
| 2024 | +6.62% |
| 2023 | +12.07% |
| 2022 | −22.31% |
| 2021 | −1.17% |
| 2020 | +18.79% |
| 2019 (Jul–Dec) | +7.98% |
NMMEX 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 | +11.3% | +6.9% | −12.1% | +13.5% | +9.8% | −1.9% | — | — | — | — | — | — |
| 2025 | +1.3% | −1.6% | +2.2% | +1.5% | +4.4% | +6.1% | +1.5% | +3.0% | +6.4% | +4.2% | −2.1% | +3.2% |
| 2024 | −3.6% | +4.7% | +2.9% | −2.6% | +2.8% | +4.3% | −0.9% | +2.0% | +3.2% | −3.4% | −1.6% | −0.9% |
| 2023 | +8.0% | −5.7% | +3.4% | −1.3% | −2.6% | +5.1% | +5.0% | −4.6% | −2.8% | −3.9% | +8.1% | +4.0% |
| 2022 | −2.8% | −3.6% | −0.7% | −7.5% | +1.6% | −7.5% | −0.4% | −1.4% | −9.7% | +1.0% | +11.1% | −3.6% |
| 2021 | +2.2% | +0.4% | −0.9% | +1.3% | +2.0% | +0.4% | −4.8% | +2.8% | −5.2% | +1.9% | −4.3% | +3.4% |
| 2020 | −4.1% | −5.4% | −17.9% | +8.9% | +2.1% | +6.7% | +9.3% | +2.4% | −0.3% | +1.8% | +9.0% | +8.7% |
| 2019 | — | — | — | — | — | — | −1.3% | −3.5% | +2.7% | +3.2% | −0.1% | +7.1% |
NMMEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 17.35%
- 3-year Sharpe ratio: 1.15 (vs 4.5% risk-free rate)
- Best month: +13.54% (Apr 2026)
- Worst month: −12.08% (Mar 2026)
NMMEX Fund Flows
Monthly money in and out of Active M Emerging Markets Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$18.4M
- 12-month gross sales (incl. reinvestments): $37.5M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.2M | $5.3M | −$4.0M |
| May 2026 | $1.1M | $6.8M | −$5.6M |
| Apr 2026 | $1.9M | $3.0M | −$1.1M |
| Mar 2026 | $1.7M | $2.1M | −$412K |
| Feb 2026 | $5.0M | $14.5M | −$9.5M |
| Jan 2026 | $6.9M | $3.5M | $3.4M |
| Dec 2025 | $5.7M | $1.6M | $4.1M |
| Nov 2025 | $1.2M | $2.4M | −$1.2M |
| Oct 2025 | $1.2M | $4.4M | −$3.2M |
| Sep 2025 | $7.9M | $4.3M | $3.6M |
| Aug 2025 | $2.5M | $3.0M | −$555K |
| Jul 2025 | $1.2M | $5.0M | −$3.8M |
NMMEX Assets Under Management
Net assets of Active M Emerging Markets Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $225.27M |
| 2026-03-31 | $193.17M |
| 2025-12-31 | $190.49M |
| 2025-09-30 | $184.76M |
| 2025-06-30 | $167.09M |
| 2025-03-31 | $153.31M |
| 2024-12-31 | $149.16M |
| 2024-09-30 | $170.98M |
| 2024-06-28 | $173.59M |
| 2024-03-28 | $158.25M |
| 2023-12-29 | $141.71M |
| 2023-09-29 | $129.13M |
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.