PIPPX Performance — MidCap Growth Fund, Class R-4
Data updated: 2025-09-24
PIPPX returned +30.79% over one year to Oct 2024. Annualised returns are −5.48% over 3 years and +11.15% over 5 years. The fund trailed its US Mid-Cap Growth category average: $100 invested three years ago grew to $84, against $96 for the category, and to $131 over one year, against $133. Volatility over the past three years was 20.63% a year. In the 12 months to Jul 2025 the fund lost a net $64.2M, and assets reached $198.74M.
PIPPX Growth of $100
What $100 invested in MidCap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | PIPPX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $131 | $133 |
| 3 years (Nov 2021 – Oct 2024) | $84 | $96 |
| 5 years (Nov 2019 – Oct 2024) | $170 | $161 |
| Since data start (Aug 2019 – Oct 2024) | $158 | $157 |
PIPPX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +30.79% |
| 3 years (annualised) | −5.48% |
| 5 years (annualised) | +11.15% |
PIPPX Annual Returns
Calendar-year total returns of MidCap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +12.85% |
| 2023 | +13.49% |
| 2022 | −32.45% |
| 2021 | +14.36% |
| 2020 | +60.54% |
| 2019 (Aug–Dec) | −0.55% |
PIPPX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.5% | +7.1% | +1.7% | −7.0% | +1.9% | +1.2% | −2.3% | +3.1% | +4.8% | +1.7% | — | — |
| 2023 | +7.2% | −1.3% | +1.4% | −1.8% | +0.7% | +8.8% | +0.9% | −3.8% | −6.6% | −6.4% | +11.8% | +3.7% |
| 2022 | −13.7% | −1.0% | +2.4% | −11.8% | −5.4% | −6.9% | +10.8% | −2.4% | −9.2% | +4.8% | +3.7% | −6.9% |
| 2021 | +2.5% | +4.7% | −3.5% | +4.9% | −2.6% | +2.3% | +1.6% | +3.0% | −4.0% | +7.8% | −1.8% | −0.6% |
| 2020 | +2.1% | −6.3% | −15.2% | +16.2% | +12.8% | +5.2% | +6.9% | +5.2% | −0.7% | +3.5% | +16.0% | +6.9% |
| 2019 | — | — | — | — | — | — | — | −2.4% | −4.1% | −0.5% | +5.6% | +1.1% |
PIPPX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 20.63%
- 3-year Sharpe ratio: -0.48 (vs 4.5% risk-free rate)
- Best month: +11.76% (Nov 2023)
- Worst month: −13.74% (Jan 2022)
PIPPX Fund Flows
Monthly money in and out of MidCap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$64.2M
- 12-month gross sales (incl. reinvestments): $44.9M
- Sales ÷ redemptions: 0.41×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2025 | $2.1M | $7.2M | −$5.2M |
| Jun 2025 | $2.2M | $2.5M | −$304K |
| May 2025 | $3.9M | $4.7M | −$823K |
| Apr 2025 | $5.9M | $6.4M | −$485K |
| Mar 2025 | $2.2M | $5.1M | −$2.9M |
| Feb 2025 | $4.6M | $27.6M | −$23.1M |
| Jan 2025 | $6.1M | $8.2M | −$2.1M |
| Dec 2024 | $2.7M | $5.6M | −$2.8M |
| Nov 2024 | $10.0M | $22.4M | −$12.4M |
| Oct 2024 | $2.2M | $5.8M | −$3.6M |
| Sep 2024 | $1.6M | $7.6M | −$6.0M |
| Aug 2024 | $1.6M | $6.0M | −$4.4M |
PIPPX Assets Under Management
Net assets of MidCap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-07-31 | $198.74M |
| 2025-04-30 | $169.92M |
| 2025-01-31 | $226.18M |
| 2024-10-31 | $212.36M |
| 2024-07-31 | $206.55M |
| 2024-04-30 | $215.79M |
| 2024-01-31 | $214.95M |
| 2023-10-31 | $194.08M |
| 2023-07-31 | $238.65M |
| 2023-04-30 | $226.02M |
| 2023-01-31 | $235.43M |
| 2022-10-31 | $236.21M |
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.