SQBAX Performance — Saratoga Investment Quality Bond Portfolio, Class A
Data updated: 2026-07-24
SQBAX returned −0.77% year to date and +2.54% over one year to May 2026. Annualised returns are +2.50% over 3 years and +0.70% over 5 years. The fund trailed its Core Bond category average: $100 invested three years ago grew to $108, against $121 for the category, and to $103 over one year, against $108. Volatility over the past three years was 3.89% a year. In the 12 months to May 2026 the fund lost a net $1.7M, and assets reached $7.79M.
SQBAX Growth of $100
What $100 invested in Saratoga Investment Quality Bond Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Core Bond category average over the same months.
| Period | SQBAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $103 | $108 |
| 3 years (Jun 2023 – May 2026) | $108 | $121 |
| 5 years (Jun 2021 – May 2026) | $104 | $112 |
| Since data start (Mar 2020 – May 2026) | $104 | $123 |
SQBAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.77% |
| 1 year | +2.54% |
| 3 years (annualised) | +2.50% |
| 5 years (annualised) | +0.70% |
SQBAX Annual Returns
Calendar-year total returns of Saratoga Investment Quality Bond Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −0.77% |
| 2025 | +6.00% |
| 2024 | +0.38% |
| 2023 | +2.46% |
| 2022 | −2.81% |
| 2021 | −2.07% |
| 2020 (Mar–Dec) | +1.30% |
SQBAX 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% | +1.6% | −2.2% | 0.0% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +1.5% | +0.2% | +1.1% | −0.8% | +1.3% | −0.4% | +1.2% | +0.7% | +0.4% | +0.6% | −0.4% |
| 2024 | 0.0% | −1.4% | +0.6% | −1.9% | +1.3% | +0.7% | +2.0% | +1.1% | +1.0% | −2.2% | +0.6% | −1.3% |
| 2023 | +0.5% | −0.3% | +0.7% | +0.4% | −0.8% | −0.7% | +0.1% | +0.1% | −0.8% | −0.2% | +1.9% | +1.7% |
| 2022 | −0.5% | −0.4% | −0.8% | −0.4% | +0.1% | −0.4% | +0.1% | −0.3% | −0.7% | −0.1% | +0.3% | +0.3% |
| 2021 | −0.3% | 0.0% | −0.2% | 0.0% | −0.1% | −0.2% | −0.1% | −0.2% | −0.2% | −0.3% | −0.2% | −0.3% |
| 2020 | — | — | −0.5% | +1.0% | +0.6% | +0.3% | +0.4% | −0.3% | −0.1% | −0.2% | +0.1% | 0.0% |
SQBAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.89%
- 3-year Sharpe ratio: -0.52 (vs 4.5% risk-free rate)
- Best month: +2.01% (Jul 2024)
- Worst month: −2.21% (Oct 2024)
SQBAX Fund Flows
Monthly money in and out of Saratoga Investment Quality Bond Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$1.7M
- 12-month gross sales (incl. reinvestments): $1.7M
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $19K | $144K | −$125K |
| Apr 2026 | $9K | $130K | −$121K |
| Mar 2026 | $7K | $249K | −$242K |
| Feb 2026 | $10K | $344K | −$334K |
| Jan 2026 | $139K | $63K | $76K |
| Dec 2025 | $624K | $299K | $325K |
| Nov 2025 | $606K | $86K | $520K |
| Oct 2025 | $20K | $200K | −$180K |
| Sep 2025 | $120K | $694K | −$574K |
| Aug 2025 | $69K | $573K | −$504K |
| Jul 2025 | $31K | $235K | −$203K |
| Jun 2025 | $46K | $423K | −$377K |
SQBAX Assets Under Management
Net assets of Saratoga Investment Quality Bond Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $7.79M |
| 2026-02-28 | $8.47M |
| 2025-11-30 | $8.38M |
| 2025-08-31 | $8.51M |
| 2025-05-31 | $9.45M |
| 2025-02-28 | $10.39M |
| 2024-11-30 | $10.97M |
| 2024-08-31 | $11.37M |
| 2024-05-31 | $10.82M |
| 2024-02-29 | $10.85M |
| 2023-11-30 | $10.84M |
| 2023-08-31 | $10.98M |
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.