TCBAX Performance — The Covered Bridge Fund, Class A
Data updated: 2026-08-14
TCBAX returned +7.24% year to date and +14.60% over one year to Jun 2026. Annualised returns are +10.29% over 3 years and +6.65% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $134, against $158 for the category, and to $115 over one year, against $121. Volatility over the past three years was 9.60% a year. In the 12 months to Jun 2026 the fund took in a net $8.9M, and assets reached $119.87M.
TCBAX Growth of $100
What $100 invested in The Covered Bridge Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | TCBAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $115 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $134 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $138 | $165 |
| Since data start (Jan 2020 – Jun 2026) | $158 | $205 |
TCBAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.24% |
| 1 year | +14.60% |
| 3 years (annualised) | +10.29% |
| 5 years (annualised) | +6.65% |
TCBAX Annual Returns
Calendar-year total returns of The Covered Bridge Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.24% |
| 2025 | +12.33% |
| 2024 | +5.55% |
| 2023 | +5.23% |
| 2022 | +0.40% |
| 2021 | +19.79% |
| 2020 | −2.03% |
TCBAX 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 | +3.3% | +2.0% | −2.9% | +5.4% | +2.6% | −3.1% | — | — | — | — | — | — |
| 2025 | +2.3% | +1.8% | −2.4% | −3.4% | +3.2% | +3.8% | +0.1% | +3.7% | +0.5% | 0.0% | +1.9% | +0.6% |
| 2024 | −0.5% | +0.9% | +4.1% | −3.6% | +1.3% | −1.4% | +4.1% | +1.1% | +1.9% | −0.7% | +2.7% | −4.2% |
| 2023 | +4.3% | −3.0% | −0.7% | −0.3% | −4.5% | +4.2% | +3.0% | −2.6% | −2.7% | −1.9% | +5.7% | +4.2% |
| 2022 | +2.3% | −0.2% | +1.9% | −3.6% | +2.6% | −7.8% | +6.0% | −3.0% | −9.5% | +10.4% | +5.0% | −1.9% |
| 2021 | +2.2% | +4.1% | +6.2% | +2.0% | +2.4% | −1.2% | −0.4% | +0.5% | −1.9% | +1.7% | −3.0% | +6.1% |
| 2020 | −3.7% | −5.7% | −11.9% | +3.9% | −0.6% | +1.4% | −0.5% | +2.1% | −3.1% | −0.3% | +14.8% | +3.7% |
TCBAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.60%
- 3-year Sharpe ratio: 0.60 (vs 4.5% risk-free rate)
- Best month: +5.71% (Nov 2023)
- Worst month: −4.17% (Dec 2024)
TCBAX Fund Flows
Monthly money in and out of The Covered Bridge Fund, from SEC Form N-PORT.
- 12-month net flow: $8.9M
- 12-month gross sales (incl. reinvestments): $25.3M
- Sales ÷ redemptions: 1.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.1M | $1.8M | $3.3M |
| May 2026 | $2.1M | $2.1M | −$63K |
| Apr 2026 | $1.9M | $1.3M | $536K |
| Mar 2026 | $3.9M | $1.7M | $2.2M |
| Feb 2026 | $462K | $393K | $69K |
| Jan 2026 | $871K | $699K | $172K |
| Dec 2025 | $3.7M | $2.2M | $1.6M |
| Nov 2025 | $799K | $1.1M | −$329K |
| Oct 2025 | $1.6M | $970K | $661K |
| Sep 2025 | $2.9M | $1.9M | $961K |
| Aug 2025 | $1.1M | $836K | $259K |
| Jul 2025 | $949K | $1.4M | −$404K |
TCBAX Assets Under Management
Net assets of The Covered Bridge Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $119.87M |
| 2026-03-31 | $113.05M |
| 2025-12-31 | $110.60M |
| 2025-09-30 | $108.63M |
| 2025-06-30 | $105.37M |
| 2025-03-31 | $103.33M |
| 2024-12-31 | $103.66M |
| 2024-09-30 | $109.90M |
| 2024-06-30 | $104.83M |
| 2024-03-31 | $114.72M |
| 2023-12-31 | $118.05M |
| 2023-09-30 | $118.85M |
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.