SBTOX Performance — Tax-Aware Overlay B Portfolio, Class 1
Data updated: 2026-08-26
SBTOX returned +5.27% year to date and +11.00% over one year to Jun 2026. Annualised returns are +8.09% over 3 years and +3.12% over 5 years. The fund beat its Short-Term Municipal Bond category average: $100 invested three years ago grew to $126, against $111 for the category, and to $111 over one year, against $104. Volatility over the past three years was 6.63% a year. In the 12 months to Jun 2026 the fund lost a net $53.3M, and assets reached $442.79M.
SBTOX Growth of $100
What $100 invested in Tax-Aware Overlay B Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | SBTOX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $111 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $126 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $117 | $108 |
| Since data start (Jul 2019 – Jun 2026) | $135 | $113 |
SBTOX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.27% |
| 1 year | +11.00% |
| 3 years (annualised) | +8.09% |
| 5 years (annualised) | +3.12% |
SBTOX Annual Returns
Calendar-year total returns of Tax-Aware Overlay B Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.27% |
| 2025 | +8.98% |
| 2024 | +6.20% |
| 2023 | +7.34% |
| 2022 | −12.92% |
| 2021 | +8.27% |
| 2020 | +6.60% |
| 2019 (Jul–Dec) | +2.47% |
SBTOX 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 | +1.8% | +1.2% | −2.9% | +3.5% | +1.8% | 0.0% | — | — | — | — | — | — |
| 2025 | +1.5% | +0.5% | −2.0% | +0.1% | +1.5% | +1.8% | +0.5% | +1.6% | +2.0% | +1.2% | −0.1% | 0.0% |
| 2024 | −0.3% | +1.8% | +1.9% | −2.5% | +1.8% | +1.5% | +1.1% | +1.4% | +1.4% | −2.0% | +2.0% | −2.0% |
| 2023 | +3.4% | −2.5% | +2.3% | +0.1% | −1.4% | +1.8% | +1.2% | −1.6% | −3.2% | −1.6% | +5.5% | +3.5% |
| 2022 | −3.6% | −1.1% | −1.2% | −3.7% | +0.7% | −2.6% | +3.0% | −2.8% | −4.7% | +0.5% | +3.2% | −1.0% |
| 2021 | +0.3% | +0.4% | +1.6% | +2.2% | +0.6% | +0.6% | +1.0% | +0.8% | −2.0% | +1.8% | −0.5% | +1.3% |
| 2020 | +0.2% | −2.2% | −7.3% | +0.7% | +3.3% | +2.2% | +3.0% | +2.2% | −1.3% | −1.0% | +5.1% | +2.1% |
| 2019 | — | — | — | — | — | — | +0.4% | −0.2% | −0.4% | +0.7% | +0.7% | +1.2% |
SBTOX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.63%
- 3-year Sharpe ratio: 0.54 (vs 4.5% risk-free rate)
- Best month: +5.55% (Nov 2023)
- Worst month: −3.17% (Sep 2023)
SBTOX Fund Flows
Monthly money in and out of Tax-Aware Overlay B Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$53.3M
- 12-month gross sales (incl. reinvestments): $38.8M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.2M | $8.2M | −$7.0M |
| May 2026 | $2.3M | $7.2M | −$4.9M |
| Apr 2026 | $930K | $11.4M | −$10.4M |
| Mar 2026 | $2.1M | $8.0M | −$6.0M |
| Feb 2026 | $1.2M | $6.8M | −$5.7M |
| Jan 2026 | $1.8M | $10.4M | −$8.6M |
| Dec 2025 | $24.7M | $10.8M | $13.8M |
| Nov 2025 | $537K | $7.0M | −$6.5M |
| Oct 2025 | $1.3M | $5.8M | −$4.5M |
| Sep 2025 | $443K | $4.9M | −$4.5M |
| Aug 2025 | $1.6M | $6.6M | −$5.0M |
| Jul 2025 | $893K | $5.0M | −$4.1M |
SBTOX Assets Under Management
Net assets of Tax-Aware Overlay B Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $442.79M |
| 2026-03-31 | $442.29M |
| 2025-12-31 | $462.50M |
| 2025-09-30 | $481.71M |
| 2025-06-30 | $475.39M |
| 2025-03-31 | $498.44M |
| 2024-12-31 | $552.04M |
| 2024-09-30 | $640.95M |
| 2024-06-30 | $644.03M |
| 2024-03-31 | $687.17M |
| 2023-12-31 | $607.49M |
| 2023-09-30 | $673.40M |
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.