PTEAX Performance — Tax-Exempt Bond Fund, Class A
Data updated: 2026-09-25
PTEAX returned +0.36% year to date and +5.36% over one year to Jul 2026. Annualised returns are +2.91% over 3 years and −0.20% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $109, against $109 for the category, and to $105 over one year, against $105. Volatility over the past three years was 5.20% a year. In the 12 months to Jul 2026 the fund took in a net $5.9M, and assets reached $500.72M.
PTEAX 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 | PTEAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $99 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $109 | $109 |
PTEAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.36% |
| 1 year | +5.36% |
| 3 years (annualised) | +2.91% |
| 5 years (annualised) | −0.20% |
PTEAX 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) | +0.36% |
| 2025 | +3.75% |
| 2024 | +1.84% |
| 2023 | +6.65% |
| 2022 | −11.75% |
| 2021 | +2.73% |
| 2020 | +4.79% |
| 2019 (Aug–Dec) | +1.77% |
PTEAX 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 | +0.9% | +1.0% | −2.4% | +1.1% | +0.6% | +0.8% | −1.6% | — | — | — | — | — |
| 2025 | +0.3% | +1.2% | −1.8% | −0.9% | −0.1% | +0.8% | −0.6% | +0.8% | +2.6% | +1.0% | +0.4% | 0.0% |
| 2024 | 0.0% | +0.3% | +0.3% | −1.1% | −0.1% | +1.5% | +0.6% | +0.8% | +0.9% | −1.5% | +1.5% | −1.2% |
| 2023 | +3.3% | −2.1% | +1.8% | +0.2% | −0.8% | +1.2% | +0.2% | −0.9% | −2.4% | −1.4% | +5.3% | +2.4% |
| 2022 | −3.0% | −0.9% | −3.4% | −3.5% | +0.9% | −2.1% | +2.9% | −2.2% | −4.5% | −1.1% | +4.9% | 0.0% |
| 2021 | +1.1% | −1.9% | +0.9% | +1.3% | +0.7% | +0.7% | +0.8% | −0.5% | −1.0% | −0.3% | +0.9% | 0.0% |
| 2020 | +2.1% | +1.9% | −7.9% | −2.2% | +3.7% | +2.4% | +2.2% | −0.2% | +0.1% | −0.2% | +2.2% | +1.1% |
| 2019 | — | — | — | — | — | — | — | +2.0% | −1.0% | +0.2% | +0.2% | +0.3% |
PTEAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.20%
- 3-year Sharpe ratio: -0.31 (vs 4.5% risk-free rate)
- Best month: +5.33% (Nov 2023)
- Worst month: −2.44% (Sep 2023)
PTEAX 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 |
PTEAX 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.