| MMIZX | |
|---|---|
| Total return | +279.37% |
| Annualised (CAGR) | +14.27% |
| Volatility (annualised) | +15.49% |
| Sharpe (rf = 0) | 0.92 |
| Deepest drawdown | -36.26% |
| Drawdown peak → trough | 2024-12-13 → 2025-04-08 |
| Dividend yield (12m distributions) | 15.25% (as of 2026-10-02) |
Over the 10.0 years to 2026-10-02 the fund returned +279.37% in total (+14.27% a year), with a deepest drawdown of -36.26% from 2024-12-13 to 2025-04-08. Its worst calendar year was 2022 (-18.21%), its best 2019 (+31.38%).
| Year | MMIZX |
|---|---|
| 2026 | +13.70% |
| 2025 | +17.67% |
| 2024 | +17.93% |
| 2023 | +26.17% |
| 2022 | -18.21% |
| 2021 | +26.62% |
| 2020 | +18.32% |
| 2019 | +31.38% |
| 2018 | -4.57% |
| 2017 | +19.17% |
| 2016 | +4.11% |
+279.37% in total, which works out to +14.27% a year over the 10 years to 2026-10-02. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.
2022 — its calendar-year return was -18.21% (net of fees, dividends reinvested). Its best year was 2019 (+31.38%).
-36.26%, from a peak on 2024-12-13 to a trough on 2025-04-08. From that trough it took 483 days (about 15.9 months) to climb back to the earlier peak.
Over the last 12 months it distributed 15.25% of its share price (as of 2026-10-02). That is a past distribution, not a promise of future income, and it is already counted in every return figure on this page.
It does not say MMIZX is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -36.26% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.