C000227189 Performance — BATS: Short Term Municipal Income Series
Data updated: 2026-08-27
C000227189 returned +1.20% year to date and +2.58% over one year to Jun 2026. Annualised returns are +3.07% over 3 years and +2.36% over 5 years. Against its Ultrashort Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $109, against $109 for the category, and to $103 over one year, against $103. Volatility over the past three years was 0.17% a year. In the 12 months to Jun 2026 the fund lost a net $4.8M, and assets reached $112.13M.
C000227189 Growth of $100
What $100 invested in BATS: Short Term Municipal Income Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | C000227189 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $103 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $109 |
| 5 years (Jul 2021 – Jun 2026) | $112 | $109 |
| Since data start (May 2021 – Jun 2026) | $112 | $109 |
C000227189 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.20% |
| 1 year | +2.58% |
| 3 years (annualised) | +3.07% |
| 5 years (annualised) | +2.36% |
C000227189 Annual Returns
Calendar-year total returns of BATS: Short Term Municipal Income Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.20% |
| 2025 | +2.80% |
| 2024 | +3.38% |
| 2023 | +3.35% |
| 2022 | +1.07% |
| 2021 (May–Dec) | +0.06% |
C000227189 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% | +0.2% | +0.2% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.2% | +0.2% | +0.2% | +0.3% | +0.2% | +0.2% | +0.2% | +0.2% | +0.2% | +0.2% | +0.2% | +0.2% |
| 2024 | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.4% | +0.3% | +0.2% | +0.2% | +0.3% |
| 2023 | +0.2% | +0.2% | +0.3% | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% |
| 2022 | 0.0% | 0.0% | −0.1% | 0.0% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +0.2% | +0.2% | +0.2% |
| 2021 | — | — | — | — | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
C000227189 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 0.17%
- Best month: +0.40% (Aug 2024)
- Worst month: +0.15% (Jan 2026)
C000227189 Fund Flows
Monthly money in and out of BATS: Short Term Municipal Income Series, from SEC Form N-PORT.
- 12-month net flow: −$4.8M
- 12-month gross sales (incl. reinvestments): $73.7M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3.1M | $8.0M | −$4.8M |
| May 2026 | $17.1M | $3.3M | $13.8M |
| Apr 2026 | $22.2M | $2.6M | $19.6M |
| Mar 2026 | $5.6M | $1.9M | $3.7M |
| Feb 2026 | $1.3M | $1.6M | −$391K |
| Jan 2026 | $2.1M | $14.2M | −$12.1M |
| Dec 2025 | $2.7M | $1.4M | $1.4M |
| Nov 2025 | $1.7M | $7.9M | −$6.2M |
| Oct 2025 | $4.4M | $26.5M | −$22.1M |
| Sep 2025 | $4.2M | $4.4M | −$122K |
| Aug 2025 | $5.4M | $2.1M | $3.3M |
| Jul 2025 | $3.7M | $4.5M | −$805K |
C000227189 Assets Under Management
Net assets of BATS: Short Term Municipal Income Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $112.13M |
| 2026-03-31 | $83.56M |
| 2025-12-31 | $92.35M |
| 2025-09-30 | $119.28M |
| 2025-06-30 | $116.91M |
| 2025-03-31 | $125.16M |
| 2024-12-31 | $121.32M |
| 2024-09-30 | $128.74M |
| 2024-06-28 | $169.68M |
| 2024-03-28 | $117.36M |
| 2023-12-29 | $85.54M |
| 2023-09-29 | $79.06M |
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.