SATOX Performance — Tax-Aware Overlay A Portfolio, Class 1
Data updated: 2026-08-26
SATOX returned +9.58% year to date and +19.16% over one year to Jun 2026. Annualised returns are +15.54% over 3 years and +5.43% over 5 years. Against its US Large Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $154, against $157 for the category, and to $119 over one year, against $118. Volatility over the past three years was 13.06% a year. In the 12 months to Jun 2026 the fund lost a net $77.0M, and assets reached $816.24M.
SATOX Growth of $100
What $100 invested in Tax-Aware Overlay A Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | SATOX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $154 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $130 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $164 | $229 |
SATOX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.58% |
| 1 year | +19.16% |
| 3 years (annualised) | +15.54% |
| 5 years (annualised) | +5.43% |
SATOX Annual Returns
Calendar-year total returns of Tax-Aware Overlay A Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.58% |
| 2025 | +19.22% |
| 2024 | +13.35% |
| 2023 | +10.18% |
| 2022 | −24.50% |
| 2021 | +18.60% |
| 2020 | +6.26% |
| 2019 (Jul–Dec) | +5.35% |
SATOX 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 | +3.6% | +1.8% | −5.3% | +7.6% | +2.4% | −0.4% | — | — | — | — | — | — |
| 2025 | +3.2% | −0.1% | −4.5% | +1.5% | +4.3% | +5.1% | +1.5% | +1.7% | +3.4% | +1.8% | −0.2% | +0.4% |
| 2024 | +0.8% | +4.9% | +4.3% | −5.7% | +4.9% | +2.0% | +1.7% | +2.9% | +2.1% | −4.3% | +3.8% | −3.9% |
| 2023 | +6.3% | −4.0% | +1.9% | +0.6% | −2.5% | +3.7% | +2.7% | −3.4% | −5.5% | −3.9% | +9.2% | +6.0% |
| 2022 | −5.9% | −3.0% | −0.6% | −6.3% | +0.2% | −4.7% | +3.8% | −4.4% | −7.5% | +0.7% | +3.7% | −2.9% |
| 2021 | −1.2% | +3.0% | +2.7% | +5.0% | +1.1% | +1.1% | +2.1% | +2.4% | −4.5% | +4.8% | −2.4% | +3.5% |
| 2020 | −1.7% | −6.6% | −11.1% | +3.0% | +4.2% | +1.6% | +5.2% | +4.6% | −3.0% | −2.5% | +10.3% | +4.2% |
| 2019 | — | — | — | — | — | — | −0.1% | −1.0% | +0.7% | +1.7% | +1.4% | +2.5% |
SATOX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.06%
- 3-year Sharpe ratio: 0.85 (vs 4.5% risk-free rate)
- Best month: +9.20% (Nov 2023)
- Worst month: −5.74% (Apr 2024)
SATOX Fund Flows
Monthly money in and out of Tax-Aware Overlay A Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$77.0M
- 12-month gross sales (incl. reinvestments): $101.8M
- Sales ÷ redemptions: 0.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3.6M | $10.9M | −$7.3M |
| May 2026 | $1.4M | $17.3M | −$15.9M |
| Apr 2026 | $824K | $17.0M | −$16.1M |
| Mar 2026 | $2.0M | $18.2M | −$16.2M |
| Feb 2026 | $1.2M | $16.0M | −$14.9M |
| Jan 2026 | $3.2M | $15.8M | −$12.6M |
| Dec 2025 | $84.6M | $25.5M | $59.2M |
| Nov 2025 | $715K | $12.4M | −$11.7M |
| Oct 2025 | $1.3M | $8.1M | −$6.8M |
| Sep 2025 | $765K | $12.9M | −$12.1M |
| Aug 2025 | $1.1M | $12.3M | −$11.1M |
| Jul 2025 | $1.1M | $12.3M | −$11.2M |
SATOX Assets Under Management
Net assets of Tax-Aware Overlay A Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $816.24M |
| 2026-03-31 | $780.95M |
| 2025-12-31 | $823.99M |
| 2025-09-30 | $867.15M |
| 2025-06-30 | $846.52M |
| 2025-03-31 | $828.30M |
| 2024-12-31 | $931.11M |
| 2024-09-30 | $1.15B |
| 2024-06-30 | $1.12B |
| 2024-03-31 | $1.17B |
| 2023-12-31 | $1.41B |
| 2023-09-30 | $1.47B |
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.