PTBCX Performance — Tax-Exempt Bond Fund, Class C
Data updated: 2026-09-25
PTBCX returned −0.34% year to date and +4.37% over one year to Jul 2026. Annualised returns are +1.91% over 3 years and −1.12% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $106, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 5.24% a year. In the 12 months to Jul 2026 the fund took in a net $5.9M, and assets reached $500.72M.
PTBCX Growth of $100
What $100 invested in Tax-Exempt Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PTBCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $106 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $95 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $103 | $109 |
PTBCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.34% |
| 1 year | +4.37% |
| 3 years (annualised) | +1.91% |
| 5 years (annualised) | −1.12% |
PTBCX Annual Returns
Calendar-year total returns of Tax-Exempt Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.34% |
| 2025 | +2.94% |
| 2024 | +0.79% |
| 2023 | +5.65% |
| 2022 | −12.45% |
| 2021 | +1.87% |
| 2020 | +4.05% |
| 2019 (Aug–Dec) | +1.42% |
PTBCX 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% | +0.9% | −2.6% | +1.1% | +0.5% | +0.7% | −1.8% | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.7% | −1.1% | −0.1% | +0.5% | −0.7% | +0.9% | +2.5% | +0.9% | +0.4% | −0.1% |
| 2024 | −0.2% | +0.3% | +0.1% | −1.0% | −0.2% | +1.4% | +0.5% | +0.5% | +0.9% | −1.5% | +1.3% | −1.2% |
| 2023 | +3.0% | −2.1% | +1.7% | 0.0% | −0.7% | +0.9% | +0.3% | −1.1% | −2.4% | −1.6% | +5.2% | +2.5% |
| 2022 | −3.0% | −1.0% | −3.5% | −3.5% | +1.0% | −2.3% | +3.0% | −2.4% | −4.6% | −1.2% | +4.8% | 0.0% |
| 2021 | +1.0% | −2.0% | +0.8% | +1.1% | +0.8% | +0.5% | +0.9% | −0.5% | −1.2% | −0.4% | +1.0% | 0.0% |
| 2020 | +2.0% | +1.9% | −8.0% | −2.1% | +3.6% | +2.3% | +2.0% | −0.3% | 0.0% | −0.1% | +2.1% | +1.1% |
| 2019 | — | — | — | — | — | — | — | +1.9% | −0.9% | +0.1% | +0.1% | +0.1% |
PTBCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.24%
- 3-year Sharpe ratio: -0.49 (vs 4.5% risk-free rate)
- Best month: +5.24% (Nov 2023)
- Worst month: −2.57% (Mar 2026)
PTBCX Fund Flows
Monthly money in and out of Tax-Exempt Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $5.9M
- 12-month gross sales (incl. reinvestments): $146.5M
- Sales ÷ redemptions: 1.04×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $9.3M | $8.2M | $1.1M |
| Jun 2026 | $9.7M | $10.9M | −$1.3M |
| May 2026 | $8.9M | $10.1M | −$1.2M |
| Apr 2026 | $9.7M | $12.0M | −$2.3M |
| Mar 2026 | $10.7M | $7.5M | $3.2M |
| Feb 2026 | $14.4M | $8.6M | $5.8M |
| Jan 2026 | $9.1M | $8.2M | $916K |
| Dec 2025 | $25.2M | $17.5M | $7.8M |
| Nov 2025 | $17.0M | $13.6M | $3.4M |
| Oct 2025 | $13.2M | $16.1M | −$2.8M |
| Sep 2025 | $8.7M | $11.6M | −$2.8M |
| Aug 2025 | $10.6M | $16.3M | −$5.8M |
PTBCX Assets Under Management
Net assets of Tax-Exempt Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $500.72M |
| 2026-04-30 | $508.90M |
| 2026-01-31 | $507.83M |
| 2025-10-31 | $493.83M |
| 2025-07-31 | $488.52M |
| 2025-04-30 | $508.92M |
| 2025-01-31 | $538.64M |
| 2024-10-31 | $565.97M |
| 2024-07-31 | $556.36M |
| 2024-04-30 | $547.83M |
| 2024-01-31 | $553.37M |
| 2023-10-31 | $542.83M |
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.