DUALX Performance — Alabama Tax-Free Income Series
Data updated: 2026-10-13
DUALX returned −5.12% year to date and −3.37% over one year to Sep 2026. Annualised returns are +2.04% over 3 years and −0.98% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $106, against $109 for the category, and to $97 over one year, against $97. Volatility over the past three years was 6.63% a year. In the 12 months to Jun 2026 the fund lost a net $1.8M, and assets reached $16.46M.
DUALX Growth of $100
What $100 invested in Alabama Tax-Free Income 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 | DUALX | Category average |
|---|---|---|
| 1 year (Oct 2025 – Sep 2026) | $97 | $97 |
| 3 years (Oct 2023 – Sep 2026) | $106 | $109 |
| 5 years (Oct 2021 – Sep 2026) | $95 | $96 |
| Since data start (Jul 2019 – Sep 2026) | $103 | $105 |
DUALX Trailing Returns
Total returns to Sep 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −5.12% |
| 1 year | −3.37% |
| 3 years (annualised) | +2.04% |
| 5 years (annualised) | −0.98% |
DUALX Annual Returns
Calendar-year total returns of Alabama Tax-Free Income Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Sep) | −5.12% |
| 2025 | +3.70% |
| 2024 | +0.27% |
| 2023 | +4.92% |
| 2022 | −8.71% |
| 2021 | +1.28% |
| 2020 | +5.23% |
| 2019 (Jul–Dec) | +2.22% |
DUALX 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 | +1.1% | +1.3% | −2.2% | +1.5% | +0.4% | +0.9% | −2.3% | −0.7% | −4.9% | — | — | — |
| 2025 | +0.4% | +1.1% | −2.4% | −0.5% | −0.5% | +0.3% | −0.8% | +1.0% | +3.4% | +1.7% | +0.2% | 0.0% |
| 2024 | −0.3% | −0.1% | −0.1% | −1.3% | −0.5% | +1.9% | +0.6% | +0.5% | +0.9% | −1.8% | +2.3% | −1.8% |
| 2023 | +2.2% | −2.1% | +1.9% | −0.3% | −0.9% | +0.7% | +0.6% | −1.5% | −3.1% | −0.9% | +6.4% | +2.1% |
| 2022 | −2.4% | −0.4% | −3.0% | −2.5% | +1.1% | −1.5% | +1.8% | −2.0% | −3.9% | −0.7% | +4.4% | +0.1% |
| 2021 | +0.3% | −1.3% | +0.5% | +1.0% | +0.5% | 0.0% | +0.7% | −0.4% | −0.6% | −0.2% | +1.0% | 0.0% |
| 2020 | +1.5% | +1.5% | −2.0% | −0.5% | +2.8% | 0.0% | +1.1% | −0.6% | 0.0% | −0.3% | +1.2% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.7% | −0.9% | 0.0% | +0.3% | +0.3% |
DUALX Risk
Risk measures from monthly returns over Oct 2023 – Sep 2026.
- 3-year volatility (annualised): 6.63%
- 3-year Sharpe ratio: -0.37 (vs 4.5% risk-free rate)
- Best month: +6.36% (Nov 2023)
- Worst month: −4.92% (Sep 2026)
DUALX Fund Flows
Monthly money in and out of Alabama Tax-Free Income Series, from SEC Form N-PORT.
- 12-month net flow: −$1.8M
- 12-month gross sales (incl. reinvestments): $2.5M
- Sales ÷ redemptions: 0.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $339K | $29K | $309K |
| May 2026 | $73K | $471K | −$399K |
| Apr 2026 | $3K | $656K | −$654K |
| Mar 2026 | $239K | $207K | $32K |
| Feb 2026 | $27K | $404K | −$377K |
| Jan 2026 | $149K | $74K | $75K |
| Dec 2025 | $1.0M | $540K | $506K |
| Nov 2025 | $90K | $1.4M | −$1.3M |
| Oct 2025 | $296K | $0 | $296K |
| Sep 2025 | $73K | $274K | −$201K |
| Aug 2025 | $73K | $32K | $41K |
| Jul 2025 | $70K | $158K | −$89K |
DUALX Assets Under Management
Net assets of Alabama Tax-Free Income Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-09-30 | $16.46M |
| 2026-06-30 | $18.26M |
| 2026-03-31 | $18.62M |
| 2025-12-31 | $19.18M |
| 2025-09-30 | $19.92M |
| 2025-06-30 | $19.63M |
| 2025-03-31 | $20.15M |
| 2024-12-31 | $20.91M |
| 2024-09-30 | $21.02M |
| 2024-06-30 | $20.60M |
| 2024-03-31 | $20.72M |
| 2023-12-31 | $20.67M |
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.