PBFDX Performance — Payson Total Return Fund
Data updated: 2026-08-28
PBFDX returned +10.56% year to date and +26.71% over one year to Jun 2026. Annualised returns are +21.26% over 3 years and +13.95% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $178, against $157 for the category, and to $127 over one year, against $118. Volatility over the past three years was 14.44% a year. In the 12 months to Jun 2026 the fund lost a net $59.6M, and assets reached $317.13M.
PBFDX Growth of $100
What $100 invested in Payson Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | PBFDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $127 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $178 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $192 | $161 |
| Since data start (Jan 2020 – Jun 2026) | $270 | $211 |
PBFDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.56% |
| 1 year | +26.71% |
| 3 years (annualised) | +21.26% |
| 5 years (annualised) | +13.95% |
PBFDX Annual Returns
Calendar-year total returns of Payson Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.56% |
| 2025 | +21.18% |
| 2024 | +21.60% |
| 2023 | +23.11% |
| 2022 | −14.61% |
| 2021 | +30.95% |
| 2020 | +20.51% |
PBFDX 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 | +4.1% | −2.4% | −4.7% | +11.8% | +4.0% | −1.8% | — | — | — | — | — | — |
| 2025 | +3.4% | −3.1% | −6.9% | −1.2% | +8.4% | +5.8% | +2.9% | +2.3% | +4.8% | +4.7% | +0.3% | −1.1% |
| 2024 | +3.3% | +5.2% | +2.9% | −5.0% | +3.3% | +5.1% | +0.4% | +0.9% | +1.5% | −1.2% | +3.5% | +0.3% |
| 2023 | +3.5% | −2.9% | +2.9% | +0.3% | +2.0% | +6.3% | +4.1% | +0.1% | −4.8% | −3.4% | +8.4% | +5.3% |
| 2022 | −5.8% | −2.6% | +4.4% | −7.9% | +3.0% | −9.0% | +8.0% | −5.4% | −7.3% | +8.5% | +6.3% | −5.3% |
| 2021 | −0.1% | +3.9% | +5.2% | +5.4% | 0.0% | +1.4% | +3.1% | +2.1% | −5.1% | +6.1% | −0.4% | +6.2% |
| 2020 | +0.6% | −8.5% | −11.4% | +14.6% | +5.7% | +2.2% | +4.5% | +7.1% | −3.4% | −3.4% | +11.0% | +2.9% |
PBFDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.44%
- 3-year Sharpe ratio: 1.16 (vs 4.5% risk-free rate)
- Best month: +11.77% (Apr 2026)
- Worst month: −6.86% (Mar 2025)
PBFDX Fund Flows
Monthly money in and out of Payson Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: −$59.6M
- 12-month gross sales (incl. reinvestments): $21.8M
- Sales ÷ redemptions: 0.27×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.5M | $3.7M | −$2.2M |
| May 2026 | $1.3M | $3.2M | −$1.9M |
| Apr 2026 | $1.7M | $4.0M | −$2.3M |
| Mar 2026 | $557K | $3.9M | −$3.3M |
| Feb 2026 | $2.1M | $14.1M | −$12.0M |
| Jan 2026 | $992K | $14.3M | −$13.3M |
| Dec 2025 | $7.7M | $18.5M | −$10.8M |
| Nov 2025 | $2.1M | $5.6M | −$3.5M |
| Oct 2025 | $981K | $5.3M | −$4.4M |
| Sep 2025 | $509K | $3.6M | −$3.1M |
| Aug 2025 | $526K | $2.7M | −$2.2M |
| Jul 2025 | $1.9M | $2.4M | −$486K |
PBFDX Assets Under Management
Net assets of Payson Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $317.13M |
| 2026-03-31 | $283.82M |
| 2025-12-31 | $321.04M |
| 2025-09-30 | $332.82M |
| 2025-06-30 | $307.10M |
| 2025-03-31 | $274.30M |
| 2024-12-31 | $298.69M |
| 2024-09-30 | $291.80M |
| 2024-06-30 | $283.94M |
| 2024-03-31 | $273.75M |
| 2023-12-31 | $237.84M |
| 2023-09-30 | $255.75M |
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.