BATEX Performance — BATS: High Income Municipal Series
Data updated: 2026-08-27
BATEX returned +4.35% year to date and +8.48% over one year to Jun 2026. Annualised returns are +6.23% over 3 years and +1.60% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $120, against $112 for the category, and to $108 over one year, against $108. Volatility over the past three years was 7.32% a year. In the 12 months to Jun 2026 the fund took in a net $207.1M, and assets reached $702.41M.
BATEX Growth of $100
What $100 invested in BATS: High Income Municipal Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | BATEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $120 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $128 | $113 |
BATEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.35% |
| 1 year | +8.48% |
| 3 years (annualised) | +6.23% |
| 5 years (annualised) | +1.60% |
BATEX Annual Returns
Calendar-year total returns of BATS: High Income Municipal Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.35% |
| 2025 | +3.19% |
| 2024 | +5.54% |
| 2023 | +8.11% |
| 2022 | −13.30% |
| 2021 | +9.29% |
| 2020 | +6.13% |
| 2019 (Jul–Dec) | +3.57% |
BATEX 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 | +0.8% | +1.3% | −2.0% | +1.5% | +0.8% | +1.9% | — | — | — | — | — | — |
| 2025 | +0.8% | +1.1% | −1.3% | −2.0% | −0.1% | +0.8% | −1.9% | +1.1% | +3.4% | +1.1% | +0.6% | −0.4% |
| 2024 | −0.5% | +0.8% | +0.8% | −0.6% | +0.8% | +2.7% | +0.9% | +0.8% | +0.8% | −1.5% | +2.5% | −1.8% |
| 2023 | +4.0% | −2.9% | +1.9% | +0.2% | −0.7% | +0.2% | +0.5% | −1.8% | −3.2% | −1.7% | +8.6% | +3.5% |
| 2022 | −2.7% | −0.2% | −4.1% | −3.6% | +1.6% | −4.5% | +4.3% | −2.4% | −6.1% | −2.0% | +6.2% | 0.0% |
| 2021 | +2.6% | −1.1% | +1.4% | +1.8% | +1.2% | +1.5% | +1.3% | −0.4% | −0.6% | −0.4% | +1.4% | +0.4% |
| 2020 | +2.4% | +1.8% | −9.9% | −4.4% | +4.7% | +4.3% | +2.8% | −0.1% | +0.2% | −0.3% | +3.1% | +2.1% |
| 2019 | — | — | — | — | — | — | +0.9% | +2.2% | −0.4% | 0.0% | +0.5% | +0.4% |
BATEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.32%
- 3-year Sharpe ratio: 0.24 (vs 4.5% risk-free rate)
- Best month: +8.65% (Nov 2023)
- Worst month: −3.25% (Sep 2023)
BATEX Fund Flows
Monthly money in and out of BATS: High Income Municipal Series, from SEC Form N-PORT.
- 12-month net flow: $207.1M
- 12-month gross sales (incl. reinvestments): $364.4M
- Sales ÷ redemptions: 2.32×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $45.9M | $7.7M | $38.1M |
| May 2026 | $17.2M | $7.2M | $10.0M |
| Apr 2026 | $34.2M | $9.2M | $25.0M |
| Mar 2026 | $19.3M | $9.6M | $9.7M |
| Feb 2026 | $25.3M | $11.7M | $13.6M |
| Jan 2026 | $33.3M | $8.0M | $25.4M |
| Dec 2025 | $20.0M | $22.6M | −$2.6M |
| Nov 2025 | $40.9M | $5.0M | $35.9M |
| Oct 2025 | $47.3M | $5.9M | $41.4M |
| Sep 2025 | $30.7M | $15.2M | $15.5M |
| Aug 2025 | $23.7M | $16.5M | $7.1M |
| Jul 2025 | $26.6M | $38.7M | −$12.1M |
BATEX Assets Under Management
Net assets of BATS: High Income Municipal Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $702.41M |
| 2026-03-31 | $609.28M |
| 2025-12-31 | $568.57M |
| 2025-09-30 | $493.22M |
| 2025-06-30 | $477.36M |
| 2025-03-31 | $527.08M |
| 2024-12-31 | $508.52M |
| 2024-09-30 | $490.98M |
| 2024-06-28 | $436.95M |
| 2024-03-28 | $412.19M |
| 2023-12-29 | $346.57M |
| 2023-09-29 | $333.30M |
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.