RWCEX Performance — Redwheel Global Emerging Equity Fund, Institutional Class
Data updated: 2026-08-28
RWCEX returned +5.80% year to date and +27.38% over one year to Jun 2026. Annualised returns are +14.29% over 3 years and +0.62% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $149, against $179 for the category, and to $127 over one year, against $141. Volatility over the past three years was 18.61% a year. In the 12 months to Jun 2026 the fund lost a net $45.4M, and assets reached $220.27M.
RWCEX Growth of $100
What $100 invested in Redwheel Global Emerging Equity 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 | RWCEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $127 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $149 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $144 |
| Since data start (Jan 2020 – Jun 2026) | $148 | $183 |
RWCEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.80% |
| 1 year | +27.38% |
| 3 years (annualised) | +14.29% |
| 5 years (annualised) | +0.62% |
RWCEX Annual Returns
Calendar-year total returns of Redwheel Global Emerging Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.80% |
| 2025 | +40.12% |
| 2024 | −1.93% |
| 2023 | +5.58% |
| 2022 | −24.48% |
| 2021 | −5.12% |
| 2020 | +34.15% |
RWCEX 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 | −11.6% | +4.2% | +10.6% | −5.1% | +1.4% | +7.9% | — | — | — | — | — | — |
| 2025 | +1.6% | +2.9% | +2.0% | +5.8% | +3.1% | 0.0% | +10.5% | +3.8% | +2.3% | +2.7% | −1.9% | +2.0% |
| 2024 | +2.7% | +2.8% | −5.3% | −1.6% | +2.9% | +2.3% | +9.6% | −1.4% | −0.7% | −3.7% | −2.9% | −5.6% |
| 2023 | +2.8% | −9.7% | +11.7% | +6.0% | −2.0% | −4.6% | −4.0% | −5.2% | +8.7% | +1.3% | +11.0% | −7.8% |
| 2022 | −4.0% | −4.5% | −2.9% | −5.6% | +2.2% | −8.4% | −12.2% | −0.3% | +1.1% | −4.0% | +18.6% | −4.7% |
| 2021 | −3.0% | +5.2% | +0.1% | −0.1% | +0.2% | +4.3% | −6.6% | +3.1% | −6.4% | −0.2% | −4.5% | +3.5% |
| 2020 | −18.6% | −6.5% | −5.4% | +10.4% | +2.2% | +12.5% | −2.4% | +3.9% | +7.5% | +12.7% | +15.2% | +3.6% |
RWCEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.61%
- 3-year Sharpe ratio: 0.53 (vs 4.5% risk-free rate)
- Best month: +11.00% (Nov 2023)
- Worst month: −11.61% (Jan 2026)
RWCEX Fund Flows
Monthly money in and out of Redwheel Global Emerging Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$45.4M
- 12-month gross sales (incl. reinvestments): $52.1M
- Sales ÷ redemptions: 0.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3.5M | $1.0M | $2.5M |
| May 2026 | $2.9M | $8.4M | −$5.5M |
| Apr 2026 | $5.0M | $3.6M | $1.4M |
| Mar 2026 | $3.7M | $5.2M | −$1.5M |
| Feb 2026 | $4.6M | $11.0M | −$6.4M |
| Jan 2026 | $6.7M | $2.4M | $4.3M |
| Dec 2025 | $1.8M | $22.4M | −$20.7M |
| Nov 2025 | $10.2M | $27.1M | −$16.9M |
| Oct 2025 | $6.5M | $3.5M | $3.0M |
| Sep 2025 | $1.4M | $2.0M | −$673K |
| Aug 2025 | $2.9M | $5.9M | −$3.0M |
| Jul 2025 | $2.9M | $4.9M | −$2.0M |
RWCEX Assets Under Management
Net assets of Redwheel Global Emerging Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $220.27M |
| 2026-03-31 | $213.41M |
| 2025-12-31 | $212.47M |
| 2025-09-30 | $243.16M |
| 2025-06-30 | $212.52M |
| 2025-03-31 | $196.30M |
| 2024-12-31 | $213.55M |
| 2024-09-30 | $258.93M |
| 2024-06-30 | $238.47M |
| 2024-03-31 | $231.08M |
| 2023-12-31 | $185.73M |
| 2023-09-30 | $180.18M |
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.