SEPIX Performance — Saratoga Energy & Basic Materials Portfolio, Class I
Data updated: 2026-01-28
SEPIX returned −3.62% over one year to Nov 2025. Annualised returns are +0.39% over 3 years and +10.67% over 5 years. The fund trailed its Global Energy Equity category average: $100 invested three years ago grew to $101, against $125 for the category, and to $96 over one year, against $108. Volatility over the past three years was 14.72% a year. In the 12 months to Nov 2025 the fund lost a net $575K, and assets reached $692K.
SEPIX Growth of $100
What $100 invested in Saratoga Energy & Basic Materials Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Energy Equity category average over the same months.
| Period | SEPIX | Category average |
|---|---|---|
| 1 year (Dec 2024 – Nov 2025) | $96 | $108 |
| 3 years (Dec 2022 – Nov 2025) | $101 | $125 |
| 5 years (Dec 2020 – Nov 2025) | $166 | $251 |
| Since data start (Mar 2020 – Nov 2025) | $166 | $237 |
SEPIX Trailing Returns
Total returns to Nov 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.62% |
| 3 years (annualised) | +0.39% |
| 5 years (annualised) | +10.67% |
SEPIX Annual Returns
Calendar-year total returns of Saratoga Energy & Basic Materials Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Nov) | +5.57% |
| 2024 | −6.88% |
| 2023 | +6.77% |
| 2022 | +19.95% |
| 2021 | +26.06% |
| 2020 (Mar–Dec) | +4.84% |
SEPIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +3.5% | −0.1% | +2.0% | −9.3% | +2.2% | +3.7% | +1.4% | +4.6% | +0.1% | −2.4% | +0.7% | — |
| 2024 | −3.2% | +1.0% | +7.3% | −0.3% | +1.0% | −3.6% | +1.3% | −1.1% | −0.6% | −1.9% | +2.3% | −8.7% |
| 2023 | +6.2% | −6.2% | −1.1% | +0.9% | −7.6% | +7.9% | +8.2% | −1.1% | +0.5% | −4.3% | +3.6% | +1.2% |
| 2022 | +7.0% | +4.5% | +7.1% | −3.5% | +8.5% | −16.8% | +5.5% | 0.0% | −9.0% | +15.0% | +8.0% | −3.6% |
| 2021 | +0.2% | +11.2% | +3.2% | +2.2% | +6.2% | −0.5% | −4.3% | −0.1% | +0.7% | +5.5% | −5.1% | +5.2% |
| 2020 | — | — | −26.2% | +15.6% | +4.3% | +1.1% | +0.9% | +3.3% | −6.4% | −2.9% | +17.6% | +4.6% |
SEPIX Risk
Risk measures from monthly returns over Dec 2022 – Nov 2025.
- 3-year volatility (annualised): 14.72%
- 3-year Sharpe ratio: -0.28 (vs 4.5% risk-free rate)
- Best month: +8.21% (Jul 2023)
- Worst month: −9.33% (Apr 2025)
SEPIX Fund Flows
Monthly money in and out of Saratoga Energy & Basic Materials Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$575K
- 12-month gross sales (incl. reinvestments): $100K
- Sales ÷ redemptions: 0.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Nov 2025 | $12K | $292K | −$280K |
| Oct 2025 | $4K | $23K | −$19K |
| Sep 2025 | $5K | $11K | −$5K |
| Aug 2025 | $5K | $28K | −$24K |
| Jul 2025 | $7K | $27K | −$20K |
| Jun 2025 | $19K | $47K | −$28K |
| May 2025 | $3K | $32K | −$29K |
| Apr 2025 | $622 | $42K | −$42K |
| Mar 2025 | $10K | $33K | −$23K |
| Feb 2025 | $7K | $43K | −$36K |
| Jan 2025 | $10K | $92K | −$82K |
| Dec 2024 | $19K | $4K | $15K |
SEPIX Assets Under Management
Net assets of Saratoga Energy & Basic Materials Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-11-30 | $692.07K |
| 2025-08-31 | $1.01M |
| 2025-05-31 | $991.51K |
| 2025-02-28 | $1.15M |
| 2024-11-30 | $1.34M |
| 2024-08-31 | $1.39M |
| 2024-05-31 | $1.52M |
| 2024-02-29 | $1.33M |
| 2023-11-30 | $1.62M |
| 2023-08-31 | $1.39M |
| 2023-05-31 | $1.23M |
| 2023-02-28 | $1.77M |
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.