ELFTX Performance — Elfun Tax Exempt Income Fund
Data updated: 2026-08-28
ELFTX returned +2.13% year to date and +6.91% over one year to Jun 2026. Annualised returns are +3.17% over 3 years and +0.66% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $110, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 5.37% a year. In the 12 months to Jun 2026 the fund lost a net $73.9M, and assets reached $789.39M.
ELFTX Growth of $100
What $100 invested in Elfun Tax Exempt Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | ELFTX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $110 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $112 |
ELFTX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.13% |
| 1 year | +6.91% |
| 3 years (annualised) | +3.17% |
| 5 years (annualised) | +0.66% |
ELFTX Annual Returns
Calendar-year total returns of Elfun Tax Exempt Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.13% |
| 2025 | +3.27% |
| 2024 | +1.18% |
| 2023 | +5.30% |
| 2022 | −8.45% |
| 2021 | +1.44% |
| 2020 | +4.76% |
| 2019 (Jul–Dec) | +2.16% |
ELFTX 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 | +0.6% | +1.2% | −2.1% | +1.2% | +0.4% | +0.7% | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −2.1% | −0.6% | −0.5% | +0.5% | −0.6% | +0.9% | +2.6% | +1.2% | +0.3% | +0.1% |
| 2024 | −0.2% | 0.0% | −0.2% | −1.1% | −0.3% | +1.4% | +0.8% | +0.5% | +1.0% | −1.3% | +1.7% | −1.3% |
| 2023 | +2.4% | −1.9% | +1.9% | −0.1% | −0.7% | +0.7% | +0.2% | −1.2% | −2.8% | −1.3% | +5.9% | +2.2% |
| 2022 | −2.5% | −0.5% | −2.8% | −2.7% | +1.2% | −1.5% | +2.2% | −2.1% | −3.2% | −0.7% | +4.2% | −0.1% |
| 2021 | +0.5% | −1.9% | +0.7% | +1.0% | +0.4% | +0.3% | +0.8% | −0.4% | −0.7% | −0.2% | +0.9% | +0.1% |
| 2020 | +1.6% | +1.4% | −3.5% | −1.7% | +3.2% | +0.8% | +1.6% | −0.5% | −0.1% | −0.3% | +1.7% | +0.6% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.6% | −0.7% | +0.1% | +0.2% | +0.2% |
ELFTX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.37%
- 3-year Sharpe ratio: -0.25 (vs 4.5% risk-free rate)
- Best month: +5.90% (Nov 2023)
- Worst month: −2.78% (Sep 2023)
ELFTX Fund Flows
Monthly money in and out of Elfun Tax Exempt Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$73.9M
- 12-month gross sales (incl. reinvestments): $40.0M
- Sales ÷ redemptions: 0.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.8M | $8.3M | −$5.5M |
| May 2026 | $2.3M | $10.0M | −$7.7M |
| Apr 2026 | $2.3M | $4.8M | −$2.5M |
| Mar 2026 | $2.3M | $7.4M | −$5.1M |
| Feb 2026 | $3.7M | $4.2M | −$414K |
| Jan 2026 | $3.3M | $6.3M | −$3.0M |
| Dec 2025 | $3.6M | $33.2M | −$29.6M |
| Nov 2025 | $3.1M | $7.8M | −$4.7M |
| Oct 2025 | $3.3M | $7.0M | −$3.7M |
| Sep 2025 | $3.5M | $8.0M | −$4.5M |
| Aug 2025 | $5.6M | $9.1M | −$3.5M |
| Jul 2025 | $4.2M | $7.9M | −$3.6M |
ELFTX Assets Under Management
Net assets of Elfun Tax Exempt Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $789.39M |
| 2026-03-31 | $794.23M |
| 2025-12-31 | $812.29M |
| 2025-09-30 | $844.21M |
| 2025-06-30 | $840.44M |
| 2025-03-31 | $862.25M |
| 2024-12-31 | $897.22M |
| 2024-09-30 | $972.01M |
| 2024-06-30 | $964.64M |
| 2024-03-31 | $976.31M |
| 2023-12-31 | $1.01B |
| 2023-09-30 | $967.16M |
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.