TMREX Performance — Toews Managed Risk Equity Fund
Data updated: 2026-09-28
TMREX returned +4.54% year to date and +12.87% over one year to Jul 2026. Annualised returns are +6.36% over 3 years and +1.81% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $120, against $153 for the category, and to $113 over one year, against $116. Volatility over the past three years was 12.55% a year. In the 12 months to Jul 2026 the fund lost a net $23.7M, and assets reached $56.08M.
TMREX Growth of $100
What $100 invested in Toews Managed Risk Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | TMREX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $120 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $109 | $159 |
| Since data start (Feb 2020 – Jul 2026) | $141 | $213 |
TMREX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.54% |
| 1 year | +12.87% |
| 3 years (annualised) | +6.36% |
| 5 years (annualised) | +1.81% |
TMREX Annual Returns
Calendar-year total returns of Toews Managed Risk Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.54% |
| 2025 | +10.91% |
| 2024 | +2.83% |
| 2023 | +7.70% |
| 2022 | −16.62% |
| 2021 | +12.13% |
| 2020 (Feb–Dec) | +17.71% |
TMREX 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 | +1.0% | −0.4% | −5.3% | +5.5% | +4.0% | −0.4% | +0.4% | — | — | — | — | — |
| 2025 | +1.7% | −0.9% | −5.3% | +1.3% | +1.2% | +3.4% | +1.5% | +2.2% | +2.4% | +2.0% | +0.7% | +0.5% |
| 2024 | −1.8% | +4.4% | +3.2% | −6.2% | +3.2% | 0.0% | +4.0% | +0.6% | −1.2% | −3.6% | +4.7% | −3.8% |
| 2023 | +4.0% | −3.2% | −0.5% | 0.0% | −3.3% | +6.2% | +3.8% | −5.6% | −6.8% | −0.2% | +6.6% | +7.8% |
| 2022 | −3.9% | −1.8% | +4.2% | −5.5% | −0.4% | −4.7% | +4.0% | −3.9% | −9.2% | +6.3% | +2.5% | −4.5% |
| 2021 | +0.6% | +3.4% | +2.7% | +3.1% | −1.2% | +0.5% | +0.4% | +1.5% | −4.8% | +5.1% | −3.6% | +4.3% |
| 2020 | — | −5.2% | −14.6% | +11.8% | +4.9% | +2.9% | +4.4% | +4.5% | −4.2% | −1.4% | +10.4% | +5.9% |
TMREX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 12.55%
- 3-year Sharpe ratio: 0.15 (vs 4.5% risk-free rate)
- Best month: +7.80% (Dec 2023)
- Worst month: −6.79% (Sep 2023)
TMREX Fund Flows
Monthly money in and out of Toews Managed Risk Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$23.7M
- 12-month gross sales (incl. reinvestments): $8.6M
- Sales ÷ redemptions: 0.27×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $535K | $966K | −$431K |
| Jun 2026 | $298K | $13.0M | −$12.7M |
| May 2026 | $375K | $1.2M | −$795K |
| Apr 2026 | $598K | $1.1M | −$497K |
| Mar 2026 | $748K | $1.8M | −$1.0M |
| Feb 2026 | $432K | $2.4M | −$2.0M |
| Jan 2026 | $473K | $1.4M | −$932K |
| Dec 2025 | $2.0M | $2.2M | −$118K |
| Nov 2025 | $627K | $2.4M | −$1.8M |
| Oct 2025 | $1.3M | $2.5M | −$1.2M |
| Sep 2025 | $563K | $1.2M | −$676K |
| Aug 2025 | $653K | $2.2M | −$1.6M |
TMREX Assets Under Management
Net assets of Toews Managed Risk Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $56.08M |
| 2026-04-30 | $67.44M |
| 2026-01-31 | $71.25M |
| 2025-10-31 | $73.98M |
| 2025-07-31 | $72.71M |
| 2025-04-30 | $52.29M |
| 2025-01-31 | $49.44M |
| 2024-10-31 | $52.84M |
| 2024-07-31 | $62.70M |
| 2024-04-30 | $63.38M |
| 2024-01-31 | $68.74M |
| 2023-10-31 | $72.15M |
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.