TFCAX Performance — SIMT Tax-Free Conservative Income Fund, Class F
Data updated: 2026-08-28
TFCAX returned +1.06% year to date and +2.32% over one year to Jun 2026. Annualised returns are +2.82% over 3 years and +2.16% over 5 years. The fund trailed its Ultrashort Municipal Bond category average: $100 invested three years ago grew to $109, against $109 for the category, and to $102 over one year, against $103. Volatility over the past three years was 0.19% a year. In the 12 months to Jun 2026 the fund took in a net $3.8M, and assets reached $212.42M.
TFCAX Growth of $100
What $100 invested in SIMT Tax-Free Conservative Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | TFCAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $102 | $103 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $109 |
| 5 years (Jul 2021 – Jun 2026) | $111 | $109 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $113 |
TFCAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.06% |
| 1 year | +2.32% |
| 3 years (annualised) | +2.82% |
| 5 years (annualised) | +2.16% |
TFCAX Annual Returns
Calendar-year total returns of SIMT Tax-Free Conservative Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.06% |
| 2025 | +2.61% |
| 2024 | +3.12% |
| 2023 | +3.09% |
| 2022 | +0.96% |
| 2021 | +0.01% |
| 2020 | +0.38% |
| 2019 (Jul–Dec) | +0.58% |
TFCAX 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% | +0.2% | +0.1% | +0.2% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.1% | +0.3% | +0.2% | +0.2% | +0.2% | +0.3% | +0.1% | +0.2% | +0.3% | +0.2% | +0.2% | +0.2% |
| 2024 | +0.3% | +0.3% | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.4% | +0.2% | +0.2% | +0.2% | +0.2% |
| 2023 | +0.2% | +0.2% | +0.2% | +0.3% | +0.3% | +0.2% | +0.3% | +0.3% | +0.2% | +0.3% | +0.3% | +0.3% |
| 2022 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | +0.2% | +0.3% | +0.2% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2020 | +0.1% | +0.1% | +0.1% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% |
TFCAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 0.19%
- Best month: +0.36% (Aug 2024)
- Worst month: +0.11% (Jul 2025)
TFCAX Fund Flows
Monthly money in and out of SIMT Tax-Free Conservative Income Fund, from SEC Form N-PORT.
- 12-month net flow: $3.8M
- 12-month gross sales (incl. reinvestments): $110.9M
- Sales ÷ redemptions: 1.04×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $13.1M | $10.5M | $2.6M |
| May 2026 | $27.6M | $6.6M | $21.0M |
| Apr 2026 | $5.2M | $16.5M | −$11.2M |
| Mar 2026 | $4.7M | $6.5M | −$1.8M |
| Feb 2026 | $6.0M | $6.2M | −$196K |
| Jan 2026 | $3.4M | $3.6M | −$152K |
| Dec 2025 | $7.1M | $7.8M | −$708K |
| Nov 2025 | $5.0M | $9.2M | −$4.2M |
| Oct 2025 | $16.2M | $10.1M | $6.1M |
| Sep 2025 | $4.4M | $8.0M | −$3.6M |
| Aug 2025 | $3.5M | $10.6M | −$7.1M |
| Jul 2025 | $14.6M | $11.6M | $3.1M |
TFCAX Assets Under Management
Net assets of SIMT Tax-Free Conservative Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $212.42M |
| 2026-03-31 | $200.05M |
| 2025-12-31 | $202.22M |
| 2025-09-30 | $201.09M |
| 2025-06-30 | $208.72M |
| 2025-03-31 | $210.86M |
| 2024-12-31 | $224.81M |
| 2024-09-30 | $190.78M |
| 2024-06-30 | $172.25M |
| 2024-03-31 | $176.50M |
| 2023-12-31 | $190.20M |
| 2023-09-30 | $167.58M |
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.