RLECX Performance — U.S. Small Cap Equity Fund, Class C
Data updated: 2026-09-25
RLECX returned +19.63% year to date and +33.15% over one year to Jul 2026. Annualised returns are +11.90% over 3 years and +6.00% over 5 years. Against its US Small Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $140, against $146 for the category, and to $133 over one year, against $129. Volatility over the past three years was 18.67% a year. In the 12 months to Jul 2026 the fund took in a net $158.3M, and assets reached $975.36M.
RLECX Growth of $100
What $100 invested in U.S. Small Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | RLECX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $133 | $129 |
| 3 years (Aug 2023 – Jul 2026) | $140 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $134 | $141 |
| Since data start (Aug 2019 – Jul 2026) | $188 | $204 |
RLECX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.63% |
| 1 year | +33.15% |
| 3 years (annualised) | +11.90% |
| 5 years (annualised) | +6.00% |
RLECX Annual Returns
Calendar-year total returns of U.S. Small Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.63% |
| 2025 | +7.63% |
| 2024 | +7.49% |
| 2023 | +12.38% |
| 2022 | −17.12% |
| 2021 | +24.57% |
| 2020 | +11.68% |
| 2019 (Aug–Dec) | +4.79% |
RLECX 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 | +4.7% | +2.1% | −4.8% | +10.6% | +3.2% | +6.4% | −3.3% | — | — | — | — | — |
| 2025 | +2.8% | −5.7% | −6.5% | −3.1% | +4.3% | +4.9% | +0.7% | +6.8% | +0.4% | +0.3% | +2.9% | +0.6% |
| 2024 | −2.8% | +4.4% | +4.9% | −6.8% | +4.2% | −1.4% | +8.0% | −1.9% | +0.4% | −1.9% | +10.2% | −8.3% |
| 2023 | +8.6% | −1.5% | −4.9% | −1.9% | −1.7% | +7.6% | +5.0% | −3.9% | −5.8% | −6.9% | +8.4% | +10.8% |
| 2022 | −7.5% | +0.5% | −0.2% | −8.3% | +1.5% | −7.6% | +8.9% | −2.5% | −9.1% | +10.5% | +2.8% | −5.3% |
| 2021 | +3.5% | +9.9% | +2.7% | +3.4% | +1.0% | +0.5% | −2.1% | +1.5% | −2.7% | +4.5% | −3.8% | +4.5% |
| 2020 | −4.0% | −9.5% | −23.4% | +13.2% | +6.0% | +2.4% | +2.7% | +5.1% | −3.6% | +2.2% | +17.2% | +9.6% |
| 2019 | — | — | — | — | — | — | — | −4.3% | +2.5% | +1.8% | +2.7% | +2.2% |
RLECX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.67%
- 3-year Sharpe ratio: 0.40 (vs 4.5% risk-free rate)
- Best month: +10.80% (Dec 2023)
- Worst month: −8.31% (Dec 2024)
RLECX Fund Flows
Monthly money in and out of U.S. Small Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $158.3M
- 12-month gross sales (incl. reinvestments): $439.8M
- Sales ÷ redemptions: 1.56×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.0M | $16.7M | −$10.7M |
| Jun 2026 | $5.8M | $28.2M | −$22.4M |
| May 2026 | $5.0M | $14.0M | −$9.0M |
| Apr 2026 | $6.2M | $27.8M | −$21.6M |
| Mar 2026 | $82.1M | $13.4M | $68.7M |
| Feb 2026 | $14.4M | $13.7M | $743K |
| Jan 2026 | $22.1M | $17.1M | $5.0M |
| Dec 2025 | $278.2M | $21.8M | $256.4M |
| Nov 2025 | $7.3M | $72.0M | −$64.7M |
| Oct 2025 | $5.7M | $10.4M | −$4.7M |
| Sep 2025 | $3.3M | $19.0M | −$15.7M |
| Aug 2025 | $3.7M | $27.3M | −$23.6M |
RLECX Assets Under Management
Net assets of U.S. Small Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $975.36M |
| 2026-04-30 | $956.29M |
| 2026-01-31 | $836.54M |
| 2025-10-31 | $627.04M |
| 2025-07-31 | $624.23M |
| 2025-04-30 | $600.80M |
| 2025-01-31 | $734.17M |
| 2024-10-31 | $859.39M |
| 2024-07-31 | $907.45M |
| 2024-04-30 | $839.12M |
| 2024-01-31 | $851.43M |
| 2023-10-31 | $757.82M |
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.