PNASX Performance — SmallCap Growth Fund I, Class R-1
Data updated: 2026-09-25
PNASX returned +33.96% over one year to Oct 2024. Annualised returns are −4.56% over 3 years and +8.08% over 5 years. Against its US Small Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $87, against $92 for the category, and to $134 over one year, against $131. Volatility over the past three years was 21.13% a year. In the 12 months to Jul 2026 the fund took in a net $23.3M, and assets reached $2.48B.
PNASX Growth of $100
What $100 invested in SmallCap Growth Fund I grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | PNASX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $134 | $131 |
| 3 years (Nov 2021 – Oct 2024) | $87 | $92 |
| 5 years (Nov 2019 – Oct 2024) | $147 | $152 |
| Since data start (Aug 2019 – Oct 2024) | $138 | $148 |
PNASX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +33.96% |
| 3 years (annualised) | −4.56% |
| 5 years (annualised) | +8.08% |
PNASX Annual Returns
Calendar-year total returns of SmallCap Growth Fund I, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +10.98% |
| 2023 | +15.59% |
| 2022 | −29.12% |
| 2021 | +6.41% |
| 2020 | +40.89% |
| 2019 (Aug–Dec) | +1.37% |
PNASX 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 | −2.6% | +8.1% | +1.8% | −6.7% | +4.4% | +0.2% | +5.0% | +1.1% | +1.5% | −1.5% | — | — |
| 2023 | +9.2% | −1.2% | −1.5% | −0.9% | −0.8% | +8.0% | +2.9% | −4.2% | −6.6% | −7.8% | +10.0% | +9.8% |
| 2022 | −13.6% | −0.7% | −0.6% | −10.7% | −2.3% | −7.3% | +9.3% | −2.2% | −8.3% | +7.8% | +3.0% | −5.6% |
| 2021 | +2.4% | +3.8% | −3.4% | +4.5% | −3.1% | +3.5% | −0.6% | +2.1% | −3.3% | +5.5% | −5.8% | +1.5% |
| 2020 | +0.7% | −6.0% | −17.8% | +15.7% | +11.3% | +3.6% | +5.3% | +5.3% | −1.8% | +1.0% | +13.8% | +8.5% |
| 2019 | — | — | — | — | — | — | — | −4.8% | −3.6% | +2.1% | +6.5% | +1.6% |
PNASX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 21.13%
- 3-year Sharpe ratio: -0.43 (vs 4.5% risk-free rate)
- Best month: +9.97% (Nov 2023)
- Worst month: −13.55% (Jan 2022)
PNASX Fund Flows
Monthly money in and out of SmallCap Growth Fund I, from SEC Form N-PORT.
- 12-month net flow: $23.3M
- 12-month gross sales (incl. reinvestments): $489.7M
- Sales ÷ redemptions: 1.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $47.3M | $29.9M | $17.4M |
| Jun 2026 | $43.6M | $42.5M | $1.0M |
| May 2026 | $40.9M | $28.0M | $12.9M |
| Apr 2026 | $19.9M | $36.5M | −$16.5M |
| Mar 2026 | $30.1M | $50.3M | −$20.2M |
| Feb 2026 | $20.3M | $41.0M | −$20.8M |
| Jan 2026 | $27.6M | $52.4M | −$24.8M |
| Dec 2025 | $205.0M | $40.1M | $164.8M |
| Nov 2025 | $14.5M | $30.0M | −$15.5M |
| Oct 2025 | $14.8M | $53.5M | −$38.7M |
| Sep 2025 | $13.3M | $28.9M | −$15.6M |
| Aug 2025 | $12.5M | $33.2M | −$20.8M |
PNASX Assets Under Management
Net assets of SmallCap Growth Fund I by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.48B |
| 2026-04-30 | $2.35B |
| 2026-01-31 | $2.22B |
| 2025-10-31 | $2.19B |
| 2025-07-31 | $2.06B |
| 2025-04-30 | $1.84B |
| 2025-01-31 | $2.25B |
| 2024-10-31 | $2.13B |
| 2024-07-31 | $2.54B |
| 2024-04-30 | $2.37B |
| 2024-01-31 | $2.32B |
| 2023-10-31 | $2.02B |
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.