LETAX Performance — Lebenthal Ultra Short Tax-Free Income Fund, Class I
Data updated: 2024-07-01
LETAX returned +3.09% over one year to Apr 2024. The annualised 3-year return is +1.63%. Against its Trading - Leveraged category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $105, against $101 for the category, and to $103 over one year, against $112. Volatility over the past three years was 0.43% a year. In the 12 months to Apr 2024 the fund lost a net $23.6M, and assets reached $11.15M.
LETAX Growth of $100
What $100 invested in Lebenthal Ultra Short Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | LETAX | Category average |
|---|---|---|
| 1 year (May 2023 – Apr 2024) | $103 | $112 |
| 3 years (May 2021 – Apr 2024) | $105 | $101 |
| Since data start (Feb 2020 – Apr 2024) | $105 | $111 |
LETAX Trailing Returns
Total returns to Apr 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.09% |
| 3 years (annualised) | +1.63% |
LETAX Annual Returns
Calendar-year total returns of Lebenthal Ultra Short Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Apr) | +0.84% |
| 2023 | +3.16% |
| 2022 | +0.97% |
| 2021 | −0.04% |
| 2020 (Feb–Dec) | +0.19% |
LETAX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.2% | +0.2% | +0.1% | +0.3% | — | — | — | — | — | — | — | — |
| 2023 | +0.2% | +0.2% | +0.2% | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% |
| 2022 | 0.0% | −0.1% | 0.0% | 0.0% | +0.1% | 0.0% | +0.1% | +0.1% | +0.1% | +0.2% | +0.2% | +0.2% |
| 2021 | +0.1% | −0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | 0.0% | 0.0% |
| 2020 | — | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | +0.1% | 0.0% | −0.1% | +0.1% | −0.1% |
LETAX Risk
Risk measures from monthly returns over May 2021 – Apr 2024.
- 3-year volatility (annualised): 0.43%
- Best month: +0.29% (Aug 2023)
- Worst month: −0.10% (Feb 2022)
LETAX Fund Flows
Monthly money in and out of Lebenthal Ultra Short Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$23.6M
- 12-month gross sales (incl. reinvestments): $15.4M
- Sales ÷ redemptions: 0.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2024 | $1.1M | $106K | $990K |
| Mar 2024 | $496K | $179K | $318K |
| Feb 2024 | $38K | $328K | −$289K |
| Jan 2024 | $67K | $11.4M | −$11.3M |
| Dec 2023 | $280K | $24.4M | −$24.1M |
| Nov 2023 | $2.5M | $1.3M | $1.2M |
| Oct 2023 | $3.7M | $213K | $3.5M |
| Sep 2023 | $6.6M | $154K | $6.4M |
| Aug 2023 | $70K | $228K | −$159K |
| Jul 2023 | $388K | $527K | −$139K |
| Jun 2023 | $156K | $54K | $103K |
| May 2023 | $79K | $147K | −$68K |
LETAX Assets Under Management
Net assets of Lebenthal Ultra Short Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-04-30 | $11.15M |
| 2024-01-31 | $10.13M |
| 2023-10-31 | $44.37M |
| 2023-07-31 | $34.61M |
| 2023-04-30 | $34.71M |
| 2023-01-31 | $22.67M |
| 2022-10-31 | $8.61M |
| 2022-07-31 | $9.16M |
| 2022-04-30 | $10.05M |
| 2022-01-31 | $10.06M |
| 2021-10-31 | $9.66M |
| 2021-07-31 | $9.40M |
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.