Penelitian ini bertujuan untuk menganalisis kinerja imbal hasil Reksa Dana di PT XYZ. Analisis meliputi kinerja imbal hasil Reksa Dana, proses pembentukan portofolio Reksa Dana, proses evaluasi kinerja Reksa Dana, mekanisme perdagangan Reksa Dana, dan biaya-biaya Reksa Dana. Sampel yang digunakan adalah Reksa Dana XYZ D dan Reksa Dana XYZ B selama tahun 2013. Reksa Dana XYZ yang digunakan sebagai sampel berhasil memberikan imbal hasil di atas IHSG terutama karena faktor active management dalam alokasi aset yang dilakukan oleh manajer portofolio.

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This research was intended to analyze the mutual fund return performance at PT XYZ. Analysis in this research including mutual fund return performance, mutual fund portofolio management process, mutual fund performance evaluation process, mutual fund trading mechanisms, and mutual fund fees. Sample used in this research are Reksa Dana XYZ D and Reksa Dana XYZ B during 2013. PT XYZ mutual funds that are used as sample successfully gave a superior return over Jakarta Composite Index (JCI) especially because of active management in asset allocation done by the portfolio manager.