NEARX Performance — Usgi Near-Term Tax Free Fund, Investor Class
Data updated: 2026-08-20
NEARX returned +0.80% year to date and +2.56% over one year to Jun 2026. Annualised returns are +2.78% over 3 years and +0.75% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $109, against $111 for the category, and to $103 over one year, against $104. Volatility over the past three years was 1.60% a year. In the 12 months to Jun 2026 the fund lost a net $4.4M, and assets reached $20.51M.
NEARX Growth of $100
What $100 invested in Usgi Near-Term Tax Free Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | NEARX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $104 | $108 |
| Since data start (Jan 2020 – Jun 2026) | $106 | $112 |
NEARX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.80% |
| 1 year | +2.56% |
| 3 years (annualised) | +2.78% |
| 5 years (annualised) | +0.75% |
NEARX Annual Returns
Calendar-year total returns of Usgi Near-Term Tax Free Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.80% |
| 2025 | +3.47% |
| 2024 | +1.99% |
| 2023 | +3.04% |
| 2022 | −5.23% |
| 2021 | −0.46% |
| 2020 | +2.93% |
NEARX 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 | +0.7% | +0.7% | −1.2% | +0.2% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.7% | +0.2% | +0.2% | −0.3% | +0.7% | +0.2% | +0.7% | +0.2% | +0.7% | −0.3% | +0.2% | +0.2% |
| 2024 | +0.2% | −0.3% | +0.2% | −0.3% | +0.2% | +0.7% | +0.7% | +0.2% | +0.7% | −0.3% | +0.2% | −0.3% |
| 2023 | +0.7% | −0.8% | +1.1% | −0.3% | −0.3% | +0.6% | −0.3% | +0.2% | −0.3% | +0.8% | +1.3% | +0.4% |
| 2022 | −1.7% | −0.4% | −1.8% | −1.3% | +1.0% | −0.4% | +1.5% | −1.3% | −1.8% | +0.1% | +0.6% | +0.3% |
| 2021 | +0.1% | −0.8% | +0.1% | +0.5% | −0.4% | +0.1% | +0.5% | +0.1% | −0.8% | +0.1% | +0.1% | +0.1% |
| 2020 | +1.0% | +0.5% | −1.2% | −0.3% | +1.9% | −0.4% | +0.5% | +0.1% | +0.1% | −0.3% | +0.5% | +0.5% |
NEARX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.60%
- 3-year Sharpe ratio: -1.07 (vs 4.5% risk-free rate)
- Best month: +1.34% (Nov 2023)
- Worst month: −1.18% (Mar 2026)
NEARX Fund Flows
Monthly money in and out of Usgi Near-Term Tax Free Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.4M
- 12-month gross sales (incl. reinvestments): $7.7M
- Sales ÷ redemptions: 0.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $364K | $1.8M | −$1.5M |
| May 2026 | $419K | $389K | $31K |
| Apr 2026 | $324K | $457K | −$133K |
| Mar 2026 | $311K | $837K | −$527K |
| Feb 2026 | $1.3M | $1.2M | $80K |
| Jan 2026 | $901K | $911K | −$11K |
| Dec 2025 | $978K | $715K | $262K |
| Nov 2025 | $796K | $611K | $185K |
| Oct 2025 | $989K | $2.1M | −$1.1M |
| Sep 2025 | $809K | $1.2M | −$390K |
| Aug 2025 | $366K | $520K | −$154K |
| Jul 2025 | $224K | $1.3M | −$1.1M |
NEARX Assets Under Management
Net assets of Usgi Near-Term Tax Free Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $20.51M |
| 2026-03-31 | $22.01M |
| 2025-12-31 | $22.62M |
| 2025-09-30 | $23.35M |
| 2025-06-30 | $24.86M |
| 2025-03-31 | $23.91M |
| 2024-12-31 | $23.43M |
| 2024-09-30 | $25.08M |
| 2024-06-30 | $25.00M |
| 2024-03-31 | $25.50M |
| 2023-12-31 | $25.37M |
| 2023-09-30 | $26.73M |
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.