RTHSX Performance — Tax-Exempt High Yield Bond Fund, Class S
Data updated: 2026-09-25
RTHSX returned +1.85% year to date and +7.11% over one year to Jul 2026. Annualised returns are +4.12% over 3 years and +0.41% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $113, against $123 for the category, and to $107 over one year, against $105. Volatility over the past three years was 6.90% a year. In the 12 months to Jul 2026 the fund lost a net $26.3M, and assets reached $2.17B.
RTHSX Growth of $100
What $100 invested in Tax-Exempt High Yield Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | RTHSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $113 | $123 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $118 |
| Since data start (Aug 2019 – Jul 2026) | $116 | $132 |
RTHSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.85% |
| 1 year | +7.11% |
| 3 years (annualised) | +4.12% |
| 5 years (annualised) | +0.41% |
RTHSX Annual Returns
Calendar-year total returns of Tax-Exempt High Yield Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.85% |
| 2025 | +2.45% |
| 2024 | +4.77% |
| 2023 | +8.09% |
| 2022 | −13.43% |
| 2021 | +5.90% |
| 2020 | +3.98% |
| 2019 (Aug–Dec) | +2.64% |
RTHSX 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% | +1.4% | −2.1% | +1.6% | +0.5% | +1.5% | −1.8% | — | — | — | — | — |
| 2025 | +0.7% | +1.1% | −1.7% | −1.6% | −0.2% | +0.6% | −1.5% | +0.8% | +2.8% | +1.3% | +0.2% | −0.1% |
| 2024 | +0.5% | +0.5% | +0.4% | −1.3% | +0.6% | +2.2% | +1.0% | +0.8% | +1.2% | −1.6% | +2.2% | −2.0% |
| 2023 | +4.2% | −2.7% | +1.7% | +0.5% | −0.5% | +1.1% | +0.4% | −1.4% | −3.5% | −2.2% | +7.6% | +3.1% |
| 2022 | −2.5% | −0.9% | −3.5% | −4.0% | +1.3% | −3.5% | +3.6% | −2.4% | −5.5% | −1.8% | +6.0% | −0.5% |
| 2021 | +2.0% | −1.1% | +1.0% | +1.3% | +0.9% | +0.9% | +0.9% | −0.4% | −1.0% | −0.3% | +1.2% | +0.2% |
| 2020 | +1.9% | +1.8% | −9.2% | −3.0% | +3.1% | +3.4% | +2.2% | 0.0% | −0.1% | +0.1% | +2.5% | +1.7% |
| 2019 | — | — | — | — | — | — | — | +1.7% | −0.3% | +0.1% | +0.4% | +0.7% |
RTHSX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.90%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +7.59% (Nov 2023)
- Worst month: −3.48% (Sep 2023)
RTHSX Fund Flows
Monthly money in and out of Tax-Exempt High Yield Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$26.3M
- 12-month gross sales (incl. reinvestments): $862.1M
- Sales ÷ redemptions: 0.97×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $53.9M | $380.2M | −$326.3M |
| Jun 2026 | $61.9M | $32.1M | $29.8M |
| May 2026 | $53.1M | $27.2M | $25.9M |
| Apr 2026 | $68.9M | $37.6M | $31.3M |
| Mar 2026 | $58.2M | $83.5M | −$25.3M |
| Feb 2026 | $66.7M | $24.3M | $42.4M |
| Jan 2026 | $67.3M | $26.6M | $40.8M |
| Dec 2025 | $80.6M | $60.6M | $20.0M |
| Nov 2025 | $143.3M | $118.9M | $24.3M |
| Oct 2025 | $68.3M | $37.3M | $31.0M |
| Sep 2025 | $87.3M | $29.0M | $58.3M |
| Aug 2025 | $52.5M | $31.0M | $21.5M |
RTHSX Assets Under Management
Net assets of Tax-Exempt High Yield Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.17B |
| 2026-04-30 | $2.47B |
| 2026-01-31 | $2.44B |
| 2025-10-31 | $2.35B |
| 2025-07-31 | $2.15B |
| 2025-04-30 | $2.13B |
| 2025-01-31 | $2.17B |
| 2024-10-31 | $2.07B |
| 2024-07-31 | $2.02B |
| 2024-04-30 | $1.90B |
| 2024-01-31 | $1.84B |
| 2023-10-31 | $1.58B |
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.