POLEX Performance — Polar Capital Emerging Market Stars Fund
Data updated: 2026-08-26
POLEX returned +26.00% year to date and +46.90% over one year to Jun 2026. Annualised returns are +21.10% over 3 years and +4.75% over 5 years. Against its Emerging Markets Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $178, against $179 for the category, and to $147 over one year, against $141. Volatility over the past three years was 17.99% a year. In the 12 months to Jun 2026 the fund lost a net $17.9M, and assets reached $221.13M.
POLEX Growth of $100
What $100 invested in Polar Capital Emerging Market Stars Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | POLEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $147 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $178 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $126 | $144 |
| Since data start (Dec 2020 – Jun 2026) | $135 | $167 |
POLEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +26.00% |
| 1 year | +46.90% |
| 3 years (annualised) | +21.10% |
| 5 years (annualised) | +4.75% |
POLEX Annual Returns
Calendar-year total returns of Polar Capital Emerging Market Stars Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +26.00% |
| 2025 | +26.80% |
| 2024 | +6.90% |
| 2023 | +12.42% |
| 2022 | −29.26% |
| 2021 | −0.28% |
| 2020 (Dec–Dec) | −0.20% |
POLEX 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 | +8.5% | +4.5% | −10.5% | +14.2% | +8.0% | +0.6% | — | — | — | — | — | — |
| 2025 | +1.2% | −1.7% | −1.7% | +1.5% | +2.6% | +6.8% | −0.6% | +5.4% | +8.0% | +3.3% | −3.2% | +3.0% |
| 2024 | −3.7% | +5.3% | +3.5% | −1.9% | +2.3% | +4.2% | −1.2% | +1.8% | +3.7% | −2.6% | −2.8% | −1.4% |
| 2023 | +11.9% | −7.9% | +4.4% | −3.1% | −1.1% | +4.9% | +5.6% | −6.2% | −4.7% | −5.1% | +12.5% | +3.1% |
| 2022 | −4.3% | −6.0% | −5.1% | −9.6% | +1.4% | −6.9% | +1.9% | +0.8% | −12.0% | −2.9% | +16.9% | −5.4% |
| 2021 | +4.7% | +1.8% | −5.3% | +3.4% | −0.7% | +3.6% | −5.2% | +2.5% | −3.2% | +2.2% | −3.5% | +0.1% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | −0.2% |
POLEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 17.99%
- 3-year Sharpe ratio: 0.92 (vs 4.5% risk-free rate)
- Best month: +14.20% (Apr 2026)
- Worst month: −10.47% (Mar 2026)
POLEX Fund Flows
Monthly money in and out of Polar Capital Emerging Market Stars Fund, from SEC Form N-PORT.
- 12-month net flow: −$17.9M
- 12-month gross sales (incl. reinvestments): $18.8M
- Sales ÷ redemptions: 0.51×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $365K | $7.9M | −$7.6M |
| May 2026 | $1.2M | $5.0M | −$3.8M |
| Apr 2026 | $442K | $1.9M | −$1.5M |
| Mar 2026 | $1.7M | $2.3M | −$538K |
| Feb 2026 | $1.3M | $2.2M | −$906K |
| Jan 2026 | $6.2M | $2.5M | $3.6M |
| Dec 2025 | $1.8M | $2.0M | −$200K |
| Nov 2025 | $968K | $1.8M | −$803K |
| Oct 2025 | $1.3M | $3.7M | −$2.5M |
| Sep 2025 | $1.6M | $3.7M | −$2.1M |
| Aug 2025 | $1.2M | $2.1M | −$927K |
| Jul 2025 | $718K | $1.6M | −$854K |
POLEX Assets Under Management
Net assets of Polar Capital Emerging Market Stars Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $221.13M |
| 2026-03-31 | $188.94M |
| 2025-12-31 | $184.02M |
| 2025-09-30 | $183.54M |
| 2025-06-30 | $165.75M |
| 2025-03-31 | $154.03M |
| 2024-12-31 | $180.57M |
| 2024-09-30 | $187.88M |
| 2024-06-28 | $174.59M |
| 2024-03-28 | $151.38M |
| 2023-12-29 | $139.03M |
| 2023-09-29 | $116.64M |
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.