AAUSX Performance — Ultra Short Tax-Free Income Fund, A Shares
Data updated: 2026-07-27
AAUSX returned +0.82% year to date and +2.47% over one year to May 2026. Annualised returns are +2.86% over 3 years and +1.83% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $109, against $173 for the category, and to $102 over one year, against $137. Volatility over the past three years was 0.27% a year. In the 12 months to May 2026 the fund lost a net $3.0M, and assets reached $9.25M.
AAUSX Growth of $100
What $100 invested in Ultra Short Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | AAUSX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $102 | $137 |
| 3 years (Jun 2023 – May 2026) | $109 | $173 |
| 5 years (Jun 2021 – May 2026) | $110 | $155 |
| Since data start (Sep 2019 – May 2026) | $110 | $181 |
AAUSX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.82% |
| 1 year | +2.47% |
| 3 years (annualised) | +2.86% |
| 5 years (annualised) | +1.83% |
AAUSX Annual Returns
Calendar-year total returns of Ultra Short Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.82% |
| 2025 | +2.77% |
| 2024 | +3.00% |
| 2023 | +3.09% |
| 2022 | −0.17% |
| 2021 | −0.40% |
| 2020 | +0.26% |
| 2019 (Sep–Dec) | +0.30% |
AAUSX 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 | +0.1% | +0.2% | +0.1% | +0.2% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +0.2% | +0.2% | 0.0% | +0.3% | +0.2% | +0.3% | +0.2% | +0.2% | +0.1% | +0.3% | +0.2% |
| 2024 | +0.3% | +0.2% | +0.2% | +0.3% | +0.3% | +0.3% | +0.4% | +0.3% | +0.2% | +0.1% | +0.3% | +0.1% |
| 2023 | +0.5% | −0.1% | +0.4% | 0.0% | +0.2% | +0.2% | +0.3% | +0.3% | +0.2% | +0.2% | +0.4% | +0.3% |
| 2022 | −0.3% | −0.1% | −0.4% | −0.1% | +0.3% | 0.0% | +0.2% | −0.3% | −0.4% | +0.3% | +0.6% | 0.0% |
| 2021 | 0.0% | −0.1% | 0.0% | 0.0% | 0.0% | −0.1% | +0.1% | −0.1% | −0.1% | 0.0% | 0.0% | −0.1% |
| 2020 | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | −0.1% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | — | — | 0.0% | +0.2% | +0.1% | +0.1% |
AAUSX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.27%
- Best month: +0.43% (Nov 2023)
- Worst month: +0.04% (Apr 2025)
AAUSX Fund Flows
Monthly money in and out of Ultra Short Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$3.0M
- 12-month gross sales (incl. reinvestments): $4.7M
- Sales ÷ redemptions: 0.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $11K | $433K | −$422K |
| Apr 2026 | $9K | $545K | −$535K |
| Mar 2026 | $308K | $684K | −$376K |
| Feb 2026 | $8K | $1.7M | −$1.7M |
| Jan 2026 | $11K | $3.1M | −$3.1M |
| Dec 2025 | $3.6M | $198K | $3.4M |
| Nov 2025 | $82K | $276K | −$194K |
| Oct 2025 | $185K | $165K | $20K |
| Sep 2025 | $10K | $278K | −$268K |
| Aug 2025 | $60K | $26K | $35K |
| Jul 2025 | $192K | $3K | $189K |
| Jun 2025 | $236K | $358K | −$122K |
AAUSX Assets Under Management
Net assets of Ultra Short Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $9.25M |
| 2026-02-28 | $10.60M |
| 2025-11-30 | $11.93M |
| 2025-08-31 | $12.38M |
| 2025-05-31 | $12.26M |
| 2025-02-28 | $12.68M |
| 2024-11-30 | $12.94M |
| 2024-08-31 | $10.38M |
| 2024-05-31 | $10.97M |
| 2024-02-29 | $12.23M |
| 2023-11-30 | $13.93M |
| 2023-08-31 | $16.38M |
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.