PMOAX Performance — Opportunistic Municipal Fund, Class A
Data updated: 2026-07-24
PMOAX returned +2.09% year to date and +7.03% over one year to May 2026. Annualised returns are +4.79% over 3 years and +0.24% over 5 years. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $115, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 5.88% a year. In the 12 months to May 2026 the fund took in a net $15.1M, and assets reached $184.32M.
PMOAX Growth of $100
What $100 invested in Opportunistic Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | PMOAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $115 | $112 |
| 5 years (Jun 2021 – May 2026) | $101 | $103 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
PMOAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.09% |
| 1 year | +7.03% |
| 3 years (annualised) | +4.79% |
| 5 years (annualised) | +0.24% |
PMOAX Annual Returns
Calendar-year total returns of Opportunistic Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.09% |
| 2025 | +2.90% |
| 2024 | +4.39% |
| 2023 | +7.48% |
| 2022 | −16.01% |
| 2021 | +6.38% |
| 2020 | +4.38% |
| 2019 (Sep–Dec) | +0.30% |
PMOAX 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 | +0.8% | +1.1% | −2.1% | +1.4% | +0.9% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +1.3% | −1.8% | −1.6% | −0.2% | +0.4% | −1.4% | +0.8% | +3.5% | +1.0% | +0.5% | 0.0% |
| 2024 | +0.1% | +0.8% | +0.7% | −1.1% | +0.6% | +1.6% | +0.7% | +1.0% | +0.8% | −1.5% | +1.7% | −1.2% |
| 2023 | +3.6% | −2.9% | +1.1% | +0.5% | +0.1% | +1.3% | +0.3% | −0.9% | −2.6% | −2.1% | +6.0% | +3.1% |
| 2022 | −3.0% | −1.6% | −4.1% | −4.2% | +0.6% | −3.2% | +3.6% | −2.4% | −5.4% | −2.0% | +5.0% | −0.1% |
| 2021 | +1.8% | −1.8% | +0.9% | +1.7% | +1.4% | +1.4% | +1.0% | −0.4% | −1.1% | −0.4% | +1.4% | +0.4% |
| 2020 | +2.1% | +2.0% | −11.3% | −3.1% | +4.8% | +4.1% | +2.7% | +0.2% | +0.2% | −0.1% | +2.2% | +1.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.3% | +0.3% | +0.4% |
PMOAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.88%
- 3-year Sharpe ratio: 0.05 (vs 4.5% risk-free rate)
- Best month: +5.97% (Nov 2023)
- Worst month: −2.61% (Sep 2023)
PMOAX Fund Flows
Monthly money in and out of Opportunistic Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: $15.1M
- 12-month gross sales (incl. reinvestments): $75.4M
- Sales ÷ redemptions: 1.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.6M | $7.5M | −$3.0M |
| Apr 2026 | $6.7M | $2.9M | $3.8M |
| Mar 2026 | $4.4M | $4.8M | −$413K |
| Feb 2026 | $5.1M | $2.3M | $2.8M |
| Jan 2026 | $3.5M | $2.1M | $1.4M |
| Dec 2025 | $3.7M | $9.0M | −$5.3M |
| Nov 2025 | $5.8M | $4.2M | $1.6M |
| Oct 2025 | $14.2M | $5.3M | $8.9M |
| Sep 2025 | $13.7M | $4.0M | $9.7M |
| Aug 2025 | $2.6M | $6.9M | −$4.3M |
| Jul 2025 | $7.4M | $7.4M | −$81K |
| Jun 2025 | $3.7M | $3.6M | $57K |
PMOAX Assets Under Management
Net assets of Opportunistic Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $184.32M |
| 2026-02-28 | $185.71M |
| 2025-11-30 | $185.47M |
| 2025-08-31 | $158.59M |
| 2025-05-31 | $165.32M |
| 2025-02-28 | $182.23M |
| 2024-11-30 | $159.43M |
| 2024-08-31 | $153.42M |
| 2024-05-31 | $144.44M |
| 2024-02-29 | $146.63M |
| 2023-11-30 | $148.38M |
| 2023-08-31 | $135.70M |
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.