PMREX Performance — Government & High Quality Bond Fund, Class R-5
Data updated: 2026-09-25
PMREX returned −0.72% year to date and +3.27% over one year to Jul 2026. Annualised returns are +3.52% over 3 years and −0.50% over 5 years. The fund trailed its Short-Term Securitized Bond category average: $100 invested three years ago grew to $111, against $119 for the category, and to $103 over one year, against $105. Volatility over the past three years was 6.57% a year. In the 12 months to Jul 2026 the fund lost a net $93.8M, and assets reached $521.53M.
PMREX Growth of $100
What $100 invested in Government & High Quality Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Securitized Bond category average over the same months.
| Period | PMREX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $119 |
| 5 years (Aug 2021 – Jul 2026) | $98 | $117 |
| Since data start (Aug 2019 – Jul 2026) | $102 | $126 |
PMREX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.72% |
| 1 year | +3.27% |
| 3 years (annualised) | +3.52% |
| 5 years (annualised) | −0.50% |
PMREX Annual Returns
Calendar-year total returns of Government & High Quality Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.72% |
| 2025 | +7.67% |
| 2024 | +0.57% |
| 2023 | +4.61% |
| 2022 | −11.98% |
| 2021 | −1.68% |
| 2020 | +2.61% |
| 2019 (Aug–Dec) | +1.66% |
PMREX 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 | +0.5% | +1.6% | −1.7% | 0.0% | +0.1% | +0.2% | −1.4% | — | — | — | — | — |
| 2025 | +0.4% | +2.4% | +0.1% | +0.4% | −1.1% | +1.8% | −0.4% | +1.8% | +1.0% | +0.7% | +0.6% | −0.1% |
| 2024 | −0.4% | −1.7% | +0.9% | −3.0% | +2.0% | +1.1% | +2.6% | +1.7% | +1.1% | −3.2% | +1.4% | −1.7% |
| 2023 | +3.3% | −2.7% | +2.2% | +0.5% | −1.0% | −0.5% | −0.2% | −0.9% | −3.2% | −2.0% | +5.3% | +4.2% |
| 2022 | −1.5% | −0.8% | −2.8% | −3.2% | +1.0% | −1.7% | +3.0% | −3.3% | −5.1% | −1.5% | +4.2% | −0.6% |
| 2021 | +0.3% | −0.6% | −0.4% | +0.4% | −0.3% | −0.1% | +0.5% | −0.2% | −0.4% | −0.5% | −0.3% | −0.2% |
| 2020 | +0.8% | +1.1% | −1.2% | +1.1% | +0.4% | +0.1% | +0.3% | +0.1% | +0.1% | +0.1% | −0.3% | +0.2% |
| 2019 | — | — | — | — | — | — | — | +1.2% | −0.1% | +0.3% | +0.1% | +0.1% |
PMREX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.57%
- 3-year Sharpe ratio: -0.15 (vs 4.5% risk-free rate)
- Best month: +5.32% (Nov 2023)
- Worst month: −3.22% (Oct 2024)
PMREX Fund Flows
Monthly money in and out of Government & High Quality Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$93.8M
- 12-month gross sales (incl. reinvestments): $90.5M
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.0M | $28.4M | −$22.4M |
| Jun 2026 | $5.3M | $26.1M | −$20.8M |
| May 2026 | $5.7M | $9.8M | −$4.2M |
| Apr 2026 | $6.2M | $9.9M | −$3.7M |
| Mar 2026 | $20.1M | $24.0M | −$3.9M |
| Feb 2026 | $5.7M | $25.0M | −$19.2M |
| Jan 2026 | $7.2M | $9.4M | −$2.2M |
| Dec 2025 | $6.2M | $9.7M | −$3.5M |
| Nov 2025 | $6.9M | $11.6M | −$4.7M |
| Oct 2025 | $8.4M | $9.7M | −$1.3M |
| Sep 2025 | $6.5M | $10.6M | −$4.1M |
| Aug 2025 | $6.4M | $10.0M | −$3.6M |
PMREX Assets Under Management
Net assets of Government & High Quality Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $521.53M |
| 2026-04-30 | $580.57M |
| 2026-01-31 | $613.57M |
| 2025-10-31 | $623.04M |
| 2025-07-31 | $616.65M |
| 2025-04-30 | $643.38M |
| 2025-01-31 | $641.93M |
| 2024-10-31 | $663.58M |
| 2024-07-31 | $687.00M |
| 2024-04-30 | $638.29M |
| 2024-01-31 | $670.96M |
| 2023-10-31 | $621.22M |
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.