RFAAX Performance — Investment Grade Bond Fund, Class A
Data updated: 2026-09-25
RFAAX returned −0.88% year to date and +2.20% over one year to Jul 2026. Over one year the fund trailed its Intermediate Core Bond category average: $100 grew to $102, against $103 for the category. Volatility over the past 12 months was 3.46% a year. In the 12 months to Jul 2026 the fund took in a net $23.9M, and assets reached $1.01B.
RFAAX Growth of $100
What $100 invested in Investment Grade Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | RFAAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $56 | $113 |
| 5 years (Aug 2021 – Jul 2026) | $19 | $100 |
| Since data start (Aug 2019 – Jul 2026) | $8 | $110 |
RFAAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.88% |
| 1 year | +2.20% |
3- and 5-year figures withheld: returns differ from sibling classes.
RFAAX Annual Returns
Calendar-year total returns of Investment Grade Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.88% |
| 2025 | +2.95% |
| 2024 | −36.08% |
| 2023 | −33.78% |
| 2022 | −46.36% |
| 2021 | −37.77% |
| 2020 | −31.28% |
| 2019 (Aug–Dec) | −15.85% |
RFAAX 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 | +0.2% | +1.5% | −1.9% | +0.2% | +0.3% | +0.3% | −1.4% | — | — | — | — | — |
| 2025 | −3.2% | +2.1% | +0.1% | +0.2% | −0.6% | +1.6% | −0.3% | +1.2% | +1.0% | +0.5% | +0.6% | −0.3% |
| 2024 | −3.8% | −5.2% | −2.9% | −6.2% | −2.1% | −2.8% | −1.6% | −2.4% | −2.5% | −6.2% | −2.7% | −5.4% |
| 2023 | −0.6% | −6.3% | −1.3% | −3.2% | −5.0% | −4.5% | −3.8% | −4.3% | −6.1% | −5.3% | +0.4% | −0.2% |
| 2022 | −5.8% | −5.0% | −7.2% | −7.4% | −3.8% | −5.4% | −1.5% | −6.2% | −7.8% | −5.3% | −0.8% | −4.4% |
| 2021 | −4.3% | −5.2% | −5.0% | −2.8% | −3.3% | −2.9% | −2.4% | −4.0% | −4.7% | −4.3% | −3.4% | −4.1% |
| 2020 | −1.5% | −2.2% | −7.1% | −1.2% | −2.3% | −2.5% | −2.0% | −4.2% | −3.8% | −4.4% | −2.2% | −3.5% |
| 2019 | — | — | — | — | — | — | — | −1.2% | −4.4% | −3.6% | −3.8% | −3.9% |
RFAAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 3.46%
- Best month: +1.52% (Feb 2026)
- Worst month: −1.89% (Mar 2026)
RFAAX Fund Flows
Monthly money in and out of Investment Grade Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $23.9M
- 12-month gross sales (incl. reinvestments): $255.7M
- Sales ÷ redemptions: 1.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $15.7M | $10.5M | $5.1M |
| Jun 2026 | $15.2M | $15.4M | −$211K |
| May 2026 | $15.9M | $12.0M | $3.9M |
| Apr 2026 | $18.0M | $13.0M | $5.0M |
| Mar 2026 | $18.5M | $16.3M | $2.3M |
| Feb 2026 | $20.5M | $12.1M | $8.5M |
| Jan 2026 | $17.5M | $15.6M | $1.8M |
| Dec 2025 | $35.0M | $17.4M | $17.6M |
| Nov 2025 | $38.4M | $72.9M | −$34.5M |
| Oct 2025 | $22.7M | $16.7M | $6.0M |
| Sep 2025 | $16.2M | $16.5M | −$271K |
| Aug 2025 | $22.0M | $13.4M | $8.6M |
RFAAX Assets Under Management
Net assets of Investment Grade Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.01B |
| 2026-04-30 | $1.01B |
| 2026-01-31 | $1.01B |
| 2025-10-31 | $1.04B |
| 2025-07-31 | $1.01B |
| 2025-04-30 | $968.03M |
| 2025-01-31 | $970.61M |
| 2024-10-31 | $1.06B |
| 2024-07-31 | $1.07B |
| 2024-04-30 | $1.04B |
| 2024-01-31 | $1.15B |
| 2023-10-31 | $1.05B |
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.