RLVSX Performance — Tax-Exempt Bond Fund, Class S
Data updated: 2026-09-25
RLVSX returned +0.55% year to date and +4.40% over one year to Jul 2026. Annualised returns are +3.20% over 3 years and +0.85% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $110, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 4.36% a year. In the 12 months to Jul 2026 the fund took in a net $1.3B, and assets reached $7.23B.
RLVSX 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 | RLVSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $104 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $113 | $109 |
RLVSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.55% |
| 1 year | +4.40% |
| 3 years (annualised) | +3.20% |
| 5 years (annualised) | +0.85% |
RLVSX 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) | +0.55% |
| 2025 | +4.26% |
| 2024 | +1.75% |
| 2023 | +6.10% |
| 2022 | −7.58% |
| 2021 | +2.20% |
| 2020 | +4.07% |
| 2019 (Aug–Dec) | +1.39% |
RLVSX 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% | +1.1% | −1.8% | +0.8% | +0.4% | +0.7% | −1.5% | — | — | — | — | — |
| 2025 | +0.6% | +0.9% | −1.1% | −0.7% | +0.2% | +0.7% | 0.0% | +0.7% | +1.7% | +1.0% | +0.2% | +0.2% |
| 2024 | −0.1% | +0.2% | +0.1% | −0.8% | −0.2% | +1.3% | +0.8% | +0.7% | +0.9% | −1.1% | +1.2% | −1.1% |
| 2023 | +2.4% | −1.7% | +1.5% | 0.0% | −0.5% | +0.9% | +0.3% | −0.8% | −2.1% | −0.8% | +4.8% | +2.1% |
| 2022 | −2.4% | −0.5% | −2.7% | −2.4% | +1.2% | −1.8% | +2.3% | −1.7% | −3.1% | −0.6% | +3.9% | +0.3% |
| 2021 | +0.9% | −1.3% | +0.6% | +0.9% | +0.4% | +0.3% | +0.7% | −0.3% | −0.7% | −0.2% | +0.8% | +0.2% |
| 2020 | +1.6% | +1.2% | −4.6% | −1.5% | +2.7% | +1.2% | +1.7% | −0.2% | 0.0% | −0.1% | +1.5% | +0.8% |
| 2019 | — | — | — | — | — | — | — | +1.3% | −0.6% | +0.1% | +0.2% | +0.4% |
RLVSX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.36%
- 3-year Sharpe ratio: -0.30 (vs 4.5% risk-free rate)
- Best month: +4.78% (Nov 2023)
- Worst month: −2.12% (Sep 2023)
RLVSX Fund Flows
Monthly money in and out of Tax-Exempt Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.3B
- 12-month gross sales (incl. reinvestments): $2.6B
- Sales ÷ redemptions: 1.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $726.9M | $119.7M | $607.2M |
| Jun 2026 | $160.9M | $83.1M | $77.8M |
| May 2026 | $140.8M | $76.5M | $64.3M |
| Apr 2026 | $155.4M | $80.6M | $74.8M |
| Mar 2026 | $179.6M | $98.1M | $81.5M |
| Feb 2026 | $158.4M | $69.3M | $89.2M |
| Jan 2026 | $169.7M | $103.1M | $66.5M |
| Dec 2025 | $211.4M | $152.2M | $59.2M |
| Nov 2025 | $352.7M | $314.0M | $38.7M |
| Oct 2025 | $125.4M | $98.1M | $27.3M |
| Sep 2025 | $134.1M | $78.7M | $55.5M |
| Aug 2025 | $126.9M | $88.8M | $38.1M |
RLVSX 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 | $7.23B |
| 2026-04-30 | $6.57B |
| 2026-01-31 | $6.39B |
| 2025-10-31 | $6.19B |
| 2025-07-31 | $5.92B |
| 2025-04-30 | $5.78B |
| 2025-01-31 | $5.86B |
| 2024-10-31 | $5.74B |
| 2024-07-31 | $5.57B |
| 2024-04-30 | $5.33B |
| 2024-01-31 | $5.18B |
| 2023-10-31 | $4.75B |
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.