NOIEX Performance — Income Equity Fund
Data updated: 2026-08-28
NOIEX returned +11.34% year to date and +23.95% over one year to Jun 2026. Annualised returns are +20.92% over 3 years and +13.72% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $177, against $158 for the category, and to $124 over one year, against $121. Volatility over the past three years was 12.16% a year. In the 12 months to Jun 2026 the fund took in a net $40.5M, and assets reached $316.53M.
NOIEX Growth of $100
What $100 invested in Income Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | NOIEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $124 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $177 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $190 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $266 | $223 |
NOIEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.34% |
| 1 year | +23.95% |
| 3 years (annualised) | +20.92% |
| 5 years (annualised) | +13.72% |
NOIEX Annual Returns
Calendar-year total returns of Income Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.34% |
| 2025 | +18.74% |
| 2024 | +24.46% |
| 2023 | +19.52% |
| 2022 | −13.14% |
| 2021 | +28.04% |
| 2020 | +10.97% |
| 2019 (Jul–Dec) | +9.73% |
NOIEX 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 | +2.3% | +0.7% | −4.8% | +9.1% | +4.9% | −0.8% | — | — | — | — | — | — |
| 2025 | +2.6% | +0.1% | −5.2% | −2.1% | +6.4% | +5.1% | +2.5% | +2.7% | +2.9% | +1.8% | +0.6% | +0.4% |
| 2024 | +1.4% | +4.6% | +4.1% | −4.2% | +5.1% | +2.8% | +2.5% | +2.8% | +2.2% | −0.6% | +4.5% | −2.5% |
| 2023 | +5.4% | −3.1% | +2.1% | +1.4% | −1.2% | +6.6% | +3.7% | −1.3% | −4.9% | −2.1% | +8.0% | +4.5% |
| 2022 | −3.6% | −2.8% | +3.6% | −6.9% | +1.6% | −8.5% | +7.7% | −3.9% | −9.4% | +9.7% | +6.0% | −5.2% |
| 2021 | −0.7% | +2.2% | +5.3% | +4.2% | +1.5% | +1.7% | +2.0% | +2.6% | −4.6% | +5.1% | +0.1% | +5.9% |
| 2020 | −1.9% | −9.4% | −13.0% | +12.7% | +3.1% | +2.5% | +4.3% | +6.9% | −3.9% | −3.1% | +11.8% | +3.8% |
| 2019 | — | — | — | — | — | — | +1.5% | −3.0% | +3.6% | +1.7% | +2.9% | +2.8% |
NOIEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 12.16%
- 3-year Sharpe ratio: 1.35 (vs 4.5% risk-free rate)
- Best month: +9.12% (Apr 2026)
- Worst month: −5.19% (Mar 2025)
NOIEX Fund Flows
Monthly money in and out of Income Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $40.5M
- 12-month gross sales (incl. reinvestments): $97.7M
- Sales ÷ redemptions: 1.71×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.2M | $5.3M | $874K |
| May 2026 | $5.5M | $8.1M | −$2.7M |
| Apr 2026 | $3.9M | $4.8M | −$856K |
| Mar 2026 | $4.3M | $7.5M | −$3.2M |
| Feb 2026 | $12.9M | $5.1M | $7.8M |
| Jan 2026 | $8.1M | $3.1M | $5.0M |
| Dec 2025 | $21.6M | $6.7M | $14.9M |
| Nov 2025 | $6.6M | $3.2M | $3.4M |
| Oct 2025 | $12.3M | $4.2M | $8.0M |
| Sep 2025 | $6.8M | $4.3M | $2.5M |
| Aug 2025 | $4.3M | $1.5M | $2.9M |
| Jul 2025 | $5.1M | $3.4M | $1.8M |
NOIEX Assets Under Management
Net assets of Income Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $316.53M |
| 2026-03-31 | $282.43M |
| 2025-12-31 | $279.52M |
| 2025-09-30 | $263.48M |
| 2025-06-30 | $237.42M |
| 2025-03-31 | $226.30M |
| 2024-12-31 | $213.68M |
| 2024-09-30 | $208.93M |
| 2024-06-28 | $179.55M |
| 2024-03-28 | $169.93M |
| 2023-12-29 | $154.00M |
| 2023-09-29 | $141.39M |
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.