[Penelitian ini bertujuan untuk menganalisis kinerja imbal hasil Reksa Dana di PTXYZ. Analisis meliputi kinerja imbal hasil Reksa Dana, proses pembentukanportofolio Reksa Dana, proses evaluasi kinerja Reksa Dana, mekanismeperdagangan Reksa Dana, dan biaya-biaya Reksa Dana. Sampel yang digunakanadalah Reksa Dana XYZ D dan Reksa Dana XYZ B selama tahun 2013. ReksaDana XYZ yang digunakan sebagai sampel berhasil memberikan imbal hasil diatas IHSG terutama karena faktor active management dalam alokasi aset yangdilakukan oleh manajer portofolio., This research was intended to analyze the mutual fund return performance at PTXYZ. Analysis in this research including mutual fund return performance, mutualfund portofolio management process, mutual fund performance evaluationprocess, mutual fund trading mechanisms, and mutual fund fees. Sample used inthis research are Reksa Dana XYZ D and Reksa Dana XYZ B during 2013. PTXYZ mutual funds that are used as sample successfully gave a superior returnover Jakarta Composite Index (JCI) especially because of active management inasset allocation done by the portfolio manager.]