NMMGX Performance — Multi-Manager Global Real Estate Fund
Data updated: 2026-08-28
NMMGX returned +7.26% year to date and +8.95% over one year to Jun 2026. Annualised returns are +6.46% over 3 years and +0.28% over 5 years. The fund trailed its Global Real Estate category average: $100 invested three years ago grew to $121, against $132 for the category, and to $109 over one year, against $113. Volatility over the past three years was 15.89% a year. In the 12 months to Jun 2026 the fund lost a net $40.8M, and assets reached $53.82M.
NMMGX Growth of $100
What $100 invested in Multi-Manager Global Real Estate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Real Estate category average over the same months.
| Period | NMMGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $109 | $113 |
| 3 years (Jul 2023 – Jun 2026) | $121 | $132 |
| 5 years (Jul 2021 – Jun 2026) | $101 | $113 |
| Since data start (Jul 2019 – Jun 2026) | $119 | $136 |
NMMGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.26% |
| 1 year | +8.95% |
| 3 years (annualised) | +6.46% |
| 5 years (annualised) | +0.28% |
NMMGX Annual Returns
Calendar-year total returns of Multi-Manager Global Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.26% |
| 2025 | +5.59% |
| 2024 | −0.84% |
| 2023 | +9.88% |
| 2022 | −26.25% |
| 2021 | +28.79% |
| 2020 | −4.15% |
| 2019 (Jul–Dec) | +6.19% |
NMMGX 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 | +2.9% | +6.2% | −8.0% | +8.3% | −1.6% | +0.1% | — | — | — | — | — | — |
| 2025 | +1.2% | +1.2% | −2.8% | +0.8% | +2.6% | +0.9% | −2.0% | +4.1% | +0.1% | −1.3% | +1.6% | −0.8% |
| 2024 | −4.0% | +0.6% | +3.3% | −7.2% | +4.3% | 0.0% | +6.0% | +4.8% | +2.7% | −5.2% | +2.2% | −7.1% |
| 2023 | +9.4% | −4.8% | −2.1% | +2.1% | −4.6% | +3.0% | +3.0% | −2.6% | −6.6% | −4.8% | +11.2% | +8.4% |
| 2022 | −7.0% | −2.8% | +3.4% | −3.9% | −4.7% | −8.3% | +8.0% | −6.7% | −12.6% | +2.4% | +7.4% | −3.1% |
| 2021 | −0.8% | +3.1% | +2.5% | +6.6% | +2.0% | +1.5% | +4.7% | +1.5% | −5.4% | +5.3% | −1.9% | +7.2% |
| 2020 | +0.5% | −7.2% | −19.4% | +6.6% | +2.2% | +2.4% | +4.0% | +2.2% | −2.4% | −2.3% | +8.8% | +3.7% |
| 2019 | — | — | — | — | — | — | −0.4% | +2.7% | +1.8% | +2.5% | −0.9% | +0.4% |
NMMGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.89%
- 3-year Sharpe ratio: 0.12 (vs 4.5% risk-free rate)
- Best month: +11.16% (Nov 2023)
- Worst month: −8.00% (Mar 2026)
NMMGX Fund Flows
Monthly money in and out of Multi-Manager Global Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: −$40.8M
- 12-month gross sales (incl. reinvestments): $2.9M
- Sales ÷ redemptions: 0.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.6M | $26.7M | −$25.1M |
| May 2026 | $45K | $349K | −$304K |
| Apr 2026 | $18K | $813K | −$795K |
| Mar 2026 | $291 | $2.6M | −$2.6M |
| Feb 2026 | $13K | $709K | −$696K |
| Jan 2026 | $25K | $1.0M | −$1.0M |
| Dec 2025 | $641K | $2.8M | −$2.1M |
| Nov 2025 | $120K | $1.3M | −$1.2M |
| Oct 2025 | $567 | $717K | −$717K |
| Sep 2025 | $236K | $942K | −$705K |
| Aug 2025 | $126K | $2.3M | −$2.1M |
| Jul 2025 | $54K | $3.4M | −$3.4M |
NMMGX Assets Under Management
Net assets of Multi-Manager Global Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $53.82M |
| 2026-03-31 | $75.34M |
| 2025-12-31 | $79.12M |
| 2025-09-30 | $85.06M |
| 2025-06-30 | $89.97M |
| 2025-03-31 | $95.05M |
| 2024-12-31 | $100.81M |
| 2024-09-30 | $139.62M |
| 2024-06-28 | $121.19M |
| 2024-03-28 | $126.28M |
| 2023-12-29 | $128.37M |
| 2023-09-29 | $111.85M |
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.