TSWEX Performance — TSW Large Cap Value Fund, Institutional Shares
Data updated: 2026-08-27
TSWEX returned +6.67% year to date and +14.56% over one year to Jun 2026. The annualised 3-year return is +14.06%. Against its US Mid-Cap Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $148, against $148 for the category, and to $115 over one year, against $120. Volatility over the past three years was 10.04% a year. In the 12 months to Jun 2026 the fund lost a net $1.5M, and assets reached $36.07M.
TSWEX Growth of $100
What $100 invested in TSW Large Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | TSWEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $115 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $148 | $148 |
| Since data start (Oct 2021 – Jun 2026) | $164 | $156 |
TSWEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.67% |
| 1 year | +14.56% |
| 3 years (annualised) | +14.06% |
TSWEX Annual Returns
Calendar-year total returns of TSW Large Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.67% |
| 2025 | +18.81% |
| 2024 | +11.15% |
| 2023 | +6.38% |
| 2022 | +0.91% |
| 2021 (Oct–Dec) | +8.72% |
TSWEX 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 | +3.8% | +3.6% | −3.8% | +3.2% | +0.2% | −0.3% | — | — | — | — | — | — |
| 2025 | +4.1% | +4.0% | −0.7% | −1.8% | +1.4% | +3.4% | −2.1% | +4.9% | +2.1% | −2.4% | +3.6% | +1.4% |
| 2024 | +0.6% | +2.1% | +4.4% | −3.5% | +3.0% | −1.2% | +5.7% | +1.4% | 0.0% | −0.9% | +5.3% | −5.7% |
| 2023 | +2.2% | −3.4% | −0.6% | +1.0% | −3.4% | +5.5% | +2.0% | −0.4% | −2.4% | −1.5% | +4.3% | +3.4% |
| 2022 | +1.8% | +0.7% | +2.5% | −4.3% | +3.5% | −8.1% | +3.2% | −1.7% | −7.2% | +10.2% | +5.1% | −3.3% |
| 2021 | — | — | — | — | — | — | — | — | — | +3.9% | −2.2% | +6.9% |
TSWEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.04%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +5.73% (Jul 2024)
- Worst month: −5.70% (Dec 2024)
TSWEX Fund Flows
Monthly money in and out of TSW Large Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.5M
- 12-month gross sales (incl. reinvestments): $8.3M
- Sales ÷ redemptions: 0.84×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $184K | $892K | −$708K |
| May 2026 | $113K | $443K | −$330K |
| Apr 2026 | $232K | $171K | $61K |
| Mar 2026 | $628K | $411K | $216K |
| Feb 2026 | $274K | $1.1M | −$792K |
| Jan 2026 | $290K | $1.9M | −$1.6M |
| Dec 2025 | $5.9M | $2.2M | $3.7M |
| Nov 2025 | $42K | $759K | −$718K |
| Oct 2025 | $68K | $950K | −$882K |
| Sep 2025 | $302K | $533K | −$230K |
| Aug 2025 | $76K | $220K | −$144K |
| Jul 2025 | $211K | $240K | −$29K |
TSWEX Assets Under Management
Net assets of TSW Large Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $36.07M |
| 2026-03-31 | $36.06M |
| 2025-12-31 | $37.19M |
| 2025-09-30 | $39.40M |
| 2025-06-30 | $38.22M |
| 2025-03-31 | $37.75M |
| 2024-12-31 | $35.16M |
| 2024-09-30 | $37.66M |
| 2024-06-28 | $36.69M |
| 2024-03-28 | $37.91M |
| 2023-12-29 | $36.79M |
| 2023-09-29 | $35.08M |
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.