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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Martin Currie SMA-Shares Series EM Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Martin Currie SMA-Shares Series EM Fund (LCSMX) has returned 9.17% so far this year and 60.99% over the past 12 months.
Martin Currie SMA-Shares Series EM Fund
- 1D
- -1.38%
- 1M
- -14.64%
- YTD
- 9.17%
- 6M
- 25.14%
- 1Y
- 60.99%
- 3Y*
- 16.35%
- 5Y*
- 4.66%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 11, 2018, LCSMX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, your investment would double in approximately 7.2 years.
Historically, 47% of months were positive and 53% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Mar 2020 at -20.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LCSMX closed higher 44% of trading days. The best single day was Mar 24, 2020 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.29% | 12.88% | -14.64% | 9.17% | |||||||||
| 2025 | 2.98% | -1.89% | 1.70% | 2.34% | 3.16% | 7.81% | -0.49% | 2.26% | 11.07% | 10.57% | -2.82% | 6.68% | 51.52% |
| 2024 | -6.45% | 3.13% | 4.15% | -4.28% | -0.51% | 5.41% | -0.48% | -0.97% | 0.00% | -7.28% | -2.86% | -3.51% | -13.60% |
| 2023 | 9.65% | -7.06% | 3.52% | 0.43% | 2.33% | 3.73% | 3.29% | -7.25% | -3.85% | -3.58% | 10.00% | 5.81% | 16.26% |
| 2022 | -2.26% | -6.69% | -2.04% | -7.69% | -0.78% | -11.45% | 5.57% | -2.75% | -12.16% | 6.06% | 11.42% | -5.78% | -27.25% |
| 2021 | 0.74% | 0.73% | -0.65% | 3.91% | 2.74% | 3.20% | -2.22% | -1.21% | -3.29% | 2.85% | -2.69% | 0.84% | 4.73% |
Benchmark Metrics
Martin Currie SMA-Shares Series EM Fund has an annualized alpha of 1.22%, beta of 0.69, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since January 12, 2018.
- This fund participated in 87.71% of S&P 500 Index downside but only 77.59% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.69 may look defensive, but with R² of 0.48 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.48 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.22%
- Beta
- 0.69
- R²
- 0.48
- Upside Capture
- 77.59%
- Downside Capture
- 87.71%
Expense Ratio
LCSMX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
LCSMX ranks 96 for risk / return — in the top 96% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Martin Currie SMA-Shares Series EM Fund (LCSMX) and compare them to a chosen benchmark (S&P 500 Index).
| LCSMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.76 | 0.90 | +1.86 |
Sortino ratioReturn per unit of downside risk | 3.31 | 1.39 | +1.93 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.21 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.40 | +2.28 |
Martin ratioReturn relative to average drawdown | 15.56 | 6.61 | +8.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore LCSMX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Martin Currie SMA-Shares Series EM Fund provided a 0.91% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.13 | $0.11 | $0.12 | $0.10 | $0.38 | $0.06 | $0.08 | $0.12 |
Dividend yield | 0.91% | 1.00% | 1.29% | 1.22% | 1.11% | 3.03% | 0.48% | 0.88% | 1.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Martin Currie SMA-Shares Series EM Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Martin Currie SMA-Shares Series EM Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Martin Currie SMA-Shares Series EM Fund was 39.72%, occurring on Sep 29, 2022. Recovery took 773 trading sessions.
The current Martin Currie SMA-Shares Series EM Fund drawdown is 15.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.72% | Aug 5, 2021 | 291 | Sep 29, 2022 | 773 | Oct 29, 2025 | 1064 |
| -35.98% | Jan 14, 2020 | 48 | Mar 23, 2020 | 95 | Aug 6, 2020 | 143 |
| -15.39% | Feb 27, 2026 | 22 | Mar 30, 2026 | — | — | — |
| -14.02% | Feb 26, 2019 | 64 | May 28, 2019 | 112 | Nov 4, 2019 | 176 |
| -9.77% | Feb 17, 2021 | 26 | Mar 24, 2021 | 50 | Jun 4, 2021 | 76 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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