SPAYX Performance — Pennsylvania Municipal Bond Fund, Class Y
Data updated: 2026-07-29
SPAYX returned +0.02% year to date and +4.84% over one year to May 2026. Annualised returns are +3.26% over 3 years and +0.59% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 3.91% a year. In the 12 months to May 2026 the fund lost a net $2.8M, and assets reached $138.32M.
SPAYX Growth of $100
What $100 invested in Pennsylvania Municipal 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 | SPAYX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $106 |
| 3 years (Jun 2023 – May 2026) | $110 | $111 |
| 5 years (Jun 2021 – May 2026) | $103 | $104 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
SPAYX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.02% |
| 1 year | +4.84% |
| 3 years (annualised) | +3.26% |
| 5 years (annualised) | +0.59% |
SPAYX Annual Returns
Calendar-year total returns of Pennsylvania Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.02% |
| 2025 | +3.80% |
| 2024 | +3.93% |
| 2023 | +5.29% |
| 2022 | −8.81% |
| 2021 | +1.25% |
| 2020 | +2.57% |
| 2019 (Sep–Dec) | +0.07% |
SPAYX 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% | +0.4% | +0.2% | +0.8% | −2.2% | — | — | — | — | — | — | — |
| 2025 | +0.7% | −0.8% | +0.7% | −0.4% | −1.2% | +0.9% | +0.3% | +0.9% | +0.2% | +0.6% | +1.1% | +0.8% |
| 2024 | −0.3% | +1.7% | −0.7% | −0.9% | −0.3% | +1.0% | +0.9% | +1.2% | +1.0% | −1.3% | +0.7% | +0.9% |
| 2023 | +2.3% | +0.4% | −1.1% | −0.4% | +2.0% | −0.7% | +0.2% | +0.7% | +4.2% | −0.3% | −1.9% | +0.1% |
| 2022 | −2.6% | 0.0% | +1.3% | −2.2% | −2.6% | −2.0% | +2.3% | −0.7% | +3.3% | −0.3% | −3.0% | −2.4% |
| 2021 | +0.3% | +0.3% | +0.2% | +0.7% | +0.3% | −0.3% | +0.8% | 0.0% | +0.4% | −0.3% | −0.7% | −0.5% |
| 2020 | +1.7% | +0.4% | +3.2% | −1.0% | −2.6% | −0.1% | +1.4% | +0.4% | +0.9% | −0.2% | +0.1% | −1.5% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.2% | −1.0% | +0.8% |
SPAYX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.91%
- 3-year Sharpe ratio: -0.32 (vs 4.5% risk-free rate)
- Best month: +4.22% (Sep 2023)
- Worst month: −2.22% (May 2026)
SPAYX Fund Flows
Monthly money in and out of Pennsylvania Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.8M
- 12-month gross sales (incl. reinvestments): $17.7M
- Sales ÷ redemptions: 0.86×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $797K | $1.8M | −$978K |
| Apr 2026 | $4.4M | $1.2M | $3.3M |
| Mar 2026 | $1.6M | $1.1M | $411K |
| Feb 2026 | $932K | $1.5M | −$604K |
| Jan 2026 | $2.1M | $1.1M | $976K |
| Dec 2025 | $2.1M | $1.8M | $310K |
| Nov 2025 | $610K | $2.6M | −$2.0M |
| Oct 2025 | $1.3M | $2.7M | −$1.4M |
| Sep 2025 | $1.2M | $2.2M | −$1.0M |
| Aug 2025 | $668K | $1.7M | −$1.1M |
| Jul 2025 | $1.1M | $1.4M | −$249K |
| Jun 2025 | $921K | $1.4M | −$433K |
SPAYX Assets Under Management
Net assets of Pennsylvania Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $138.32M |
| 2026-02-28 | $138.22M |
| 2025-11-30 | $135.51M |
| 2025-08-31 | $138.17M |
| 2025-05-31 | $137.96M |
| 2025-02-28 | $145.15M |
| 2024-11-30 | $148.71M |
| 2024-08-31 | $133.51M |
| 2024-05-31 | $131.30M |
| 2024-02-29 | $137.51M |
| 2023-11-30 | $141.67M |
| 2023-08-31 | $142.73M |
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.