JAGEX Performance — Ultra Short Term Bond Trust, Series II
Data updated: 2026-08-27
JAGEX returned +1.31% year to date and +3.31% over one year to Jun 2026. Annualised returns are +4.29% over 3 years and +2.55% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $113, against $157 for the category, and to $103 over one year, against $121. Volatility over the past three years was 0.59% a year. In the 12 months to Jun 2026 the fund lost a net $22.1M, and assets reached $205.05M.
JAGEX Growth of $100
What $100 invested in Ultra Short Term Bond Trust grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | JAGEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $113 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $116 | $165 |
JAGEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.31% |
| 1 year | +3.31% |
| 3 years (annualised) | +4.29% |
| 5 years (annualised) | +2.55% |
JAGEX Annual Returns
Calendar-year total returns of Ultra Short Term Bond Trust, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.31% |
| 2025 | +4.03% |
| 2024 | +4.79% |
| 2023 | +4.40% |
| 2022 | −1.04% |
| 2021 | −0.68% |
| 2020 | +1.28% |
| 2019 (Jul–Dec) | +0.96% |
JAGEX 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 | +0.4% | +0.3% | −0.1% | +0.4% | +0.3% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.4% | +0.4% | +0.3% | +0.3% | +0.4% | +0.3% | +0.5% | +0.3% | +0.2% | +0.4% | +0.3% |
| 2024 | +0.4% | +0.2% | +0.4% | +0.1% | +0.5% | +0.4% | +0.7% | +0.5% | +0.6% | +0.1% | +0.4% | +0.4% |
| 2023 | +0.5% | 0.0% | +0.4% | +0.4% | +0.1% | +0.2% | +0.4% | +0.4% | +0.2% | +0.3% | +0.7% | +0.6% |
| 2022 | −0.3% | −0.3% | −0.5% | −0.3% | +0.2% | −0.4% | +0.4% | −0.2% | −0.4% | 0.0% | +0.5% | +0.4% |
| 2021 | 0.0% | 0.0% | −0.1% | 0.0% | +0.1% | −0.1% | 0.0% | −0.1% | −0.1% | −0.1% | −0.2% | −0.1% |
| 2020 | +0.3% | +0.3% | −1.5% | +1.1% | +0.5% | +0.4% | +0.2% | +0.1% | −0.1% | +0.1% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | +0.1% | +0.3% | +0.1% | +0.3% | 0.0% | +0.2% |
JAGEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 0.59%
- 3-year Sharpe ratio: -0.35 (vs 4.5% risk-free rate)
- Best month: +0.73% (Nov 2023)
- Worst month: −0.09% (Mar 2026)
JAGEX Fund Flows
Monthly money in and out of Ultra Short Term Bond Trust, from SEC Form N-PORT.
- 12-month net flow: −$22.1M
- 12-month gross sales (incl. reinvestments): $68.3M
- Sales ÷ redemptions: 0.76×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.1M | $7.4M | −$1.4M |
| May 2026 | $7.5M | $3.7M | $3.8M |
| Apr 2026 | $3.6M | $8.2M | −$4.6M |
| Mar 2026 | $8.9M | $6.2M | $2.7M |
| Feb 2026 | $8.7M | $6.4M | $2.3M |
| Jan 2026 | $4.3M | $6.1M | −$1.8M |
| Dec 2025 | $2.0M | $8.8M | −$6.8M |
| Nov 2025 | $4.1M | $6.4M | −$2.3M |
| Oct 2025 | $12.1M | $7.4M | $4.7M |
| Sep 2025 | $3.1M | $8.9M | −$5.8M |
| Aug 2025 | $5.1M | $12.7M | −$7.6M |
| Jul 2025 | $2.9M | $8.2M | −$5.3M |
JAGEX Assets Under Management
Net assets of Ultra Short Term Bond Trust by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $205.05M |
| 2026-03-31 | $205.65M |
| 2025-12-31 | $201.33M |
| 2025-09-30 | $213.65M |
| 2025-06-30 | $229.97M |
| 2025-03-31 | $227.70M |
| 2024-12-31 | $225.04M |
| 2024-09-30 | $234.56M |
| 2024-06-30 | $233.68M |
| 2024-03-31 | $242.78M |
| 2023-12-31 | $249.91M |
| 2023-09-30 | $254.98M |
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.