PMSAX Performance — Global Multi-Strategy Fund, Class A
Data updated: 2026-10-13
PMSAX returned +5.29% year to date and +14.51% over one year to May 2026. Annualised returns are +9.65% over 3 years and +5.61% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $132, against $139 for the category, and to $115 over one year, against $115. Volatility over the past three years was 3.72% a year. In the 12 months to May 2026 the fund took in a net $103.6M, and assets reached $561.73M.
PMSAX Growth of $100
What $100 invested in Global Multi-Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | PMSAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $115 | $115 |
| 3 years (Jun 2023 – May 2026) | $132 | $139 |
| 5 years (Jun 2021 – May 2026) | $131 | $130 |
| Since data start (Sep 2019 – May 2026) | $146 | $154 |
PMSAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.29% |
| 1 year | +14.51% |
| 3 years (annualised) | +9.65% |
| 5 years (annualised) | +5.61% |
PMSAX Annual Returns
Calendar-year total returns of Global Multi-Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.29% |
| 2025 | +10.04% |
| 2024 | +8.45% |
| 2023 | +6.08% |
| 2022 | −2.30% |
| 2021 | +5.13% |
| 2020 | +4.70% |
| 2019 (Sep–Dec) | +1.87% |
PMSAX 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 | +1.6% | +1.4% | −1.6% | +2.7% | +1.1% | — | — | — | — | — | — | — |
| 2025 | +1.4% | +0.3% | −1.3% | −0.5% | +1.4% | +1.8% | +0.7% | +1.5% | +1.8% | +0.9% | +0.8% | +0.9% |
| 2024 | +1.1% | +2.0% | +2.1% | −0.9% | +1.0% | +0.4% | +0.7% | +0.4% | +1.1% | −1.1% | +1.7% | −0.1% |
| 2023 | +2.1% | −0.5% | −1.0% | +0.8% | −0.3% | +2.1% | +1.2% | −0.1% | −0.3% | −0.9% | +2.1% | +0.7% |
| 2022 | −0.2% | −0.8% | +2.1% | −1.1% | 0.0% | −3.7% | +1.3% | −0.3% | −2.3% | +2.5% | +1.4% | −1.1% |
| 2021 | −0.4% | +0.9% | +0.8% | +1.9% | +0.9% | 0.0% | +0.1% | +0.7% | −1.5% | +0.9% | −1.2% | +1.9% |
| 2020 | −0.1% | −1.8% | −7.7% | +2.5% | +3.1% | +1.5% | +2.4% | +1.8% | −0.9% | −0.5% | +2.8% | +2.2% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.3% | +0.8% | +0.7% |
PMSAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.72%
- 3-year Sharpe ratio: 1.38 (vs 4.5% risk-free rate)
- Best month: +2.71% (Apr 2026)
- Worst month: −1.58% (Mar 2026)
PMSAX Fund Flows
Monthly money in and out of Global Multi-Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: $103.6M
- 12-month gross sales (incl. reinvestments): $186.3M
- Sales ÷ redemptions: 2.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $15.5M | $3.7M | $11.8M |
| Apr 2026 | $13.3M | $6.2M | $7.1M |
| Mar 2026 | $13.1M | $9.0M | $4.1M |
| Feb 2026 | $11.5M | $10.7M | $795K |
| Jan 2026 | $15.8M | $8.5M | $7.3M |
| Dec 2025 | $38.2M | $6.7M | $31.5M |
| Nov 2025 | $28.9M | $4.6M | $24.3M |
| Oct 2025 | $27.5M | $6.2M | $21.3M |
| Sep 2025 | $6.2M | $4.4M | $1.9M |
| Aug 2025 | $5.8M | $10.1M | −$4.2M |
| Jul 2025 | $4.8M | $6.8M | −$2.0M |
| Jun 2025 | $5.6M | $5.9M | −$317K |
PMSAX Assets Under Management
Net assets of Global Multi-Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $561.73M |
| 2026-02-28 | $526.19M |
| 2025-11-30 | $493.14M |
| 2025-08-31 | $429.68M |
| 2025-05-31 | $419.12M |
| 2025-02-28 | $431.65M |
| 2024-11-30 | $420.94M |
| 2024-08-31 | $414.67M |
| 2024-05-31 | $411.33M |
| 2024-02-29 | $408.70M |
| 2023-11-30 | $452.49M |
| 2023-08-31 | $450.86M |
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.