TSDUX Performance — Ultra-Short Term Fixed Income Fund
Data updated: 2026-07-28
TSDUX returned +1.87% year to date and +4.81% over one year to May 2026. Annualised returns are +5.59% over 3 years and +3.74% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $118, against $173 for the category, and to $105 over one year, against $137. Volatility over the past three years was 0.39% a year. In the 12 months to May 2026 the fund lost a net $123.1M, and assets reached $289.92M.
TSDUX Growth of $100
What $100 invested in Ultra-Short Term Fixed Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | TSDUX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $137 |
| 3 years (Jun 2023 – May 2026) | $118 | $173 |
| 5 years (Jun 2021 – May 2026) | $120 | $155 |
| Since data start (Sep 2019 – May 2026) | $124 | $181 |
TSDUX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.87% |
| 1 year | +4.81% |
| 3 years (annualised) | +5.59% |
| 5 years (annualised) | +3.74% |
TSDUX Annual Returns
Calendar-year total returns of Ultra-Short Term Fixed Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.87% |
| 2025 | +4.86% |
| 2024 | +6.03% |
| 2023 | +5.95% |
| 2022 | +0.42% |
| 2021 | −0.12% |
| 2020 | +2.05% |
| 2019 (Sep–Dec) | +0.80% |
TSDUX 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 | +0.4% | +0.2% | +0.3% | +0.4% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +0.3% | +0.4% | +0.2% | +0.5% | +0.5% | +0.4% | +0.5% | +0.4% | +0.3% | +0.4% | +0.4% |
| 2024 | +0.6% | +0.5% | +0.5% | +0.4% | +0.6% | +0.4% | +0.4% | +0.5% | +0.4% | +0.5% | +0.5% | +0.4% |
| 2023 | +0.4% | +0.7% | −0.1% | +0.4% | +0.5% | +0.6% | +0.5% | +0.6% | +0.6% | +0.4% | +0.5% | +0.5% |
| 2022 | 0.0% | −0.2% | −0.6% | +0.1% | −0.1% | −0.5% | 0.0% | +0.6% | +0.2% | −0.2% | +0.4% | +0.8% |
| 2021 | +0.2% | −0.1% | +0.1% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | +0.1% | −0.2% | −0.1% | 0.0% |
| 2020 | +0.5% | +0.2% | −3.0% | +1.9% | +0.7% | +1.0% | +0.2% | +0.1% | +0.3% | +0.3% | −0.2% | +0.2% |
| 2019 | — | — | — | — | — | — | — | — | +0.2% | +0.1% | +0.3% | +0.3% |
TSDUX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.39%
- Best month: +0.64% (Jun 2023)
- Worst month: +0.19% (Apr 2025)
TSDUX Fund Flows
Monthly money in and out of Ultra-Short Term Fixed Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$123.1M
- 12-month gross sales (incl. reinvestments): $94.5M
- Sales ÷ redemptions: 0.43×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.7M | $3.6M | $1.1M |
| Apr 2026 | $5.5M | $4.5M | $962K |
| Mar 2026 | $5.7M | $18.3M | −$12.6M |
| Feb 2026 | $4.9M | $3.9M | $1.0M |
| Jan 2026 | $7.9M | $42.9M | −$35.0M |
| Dec 2025 | $14.8M | $6.6M | $8.2M |
| Nov 2025 | $7.2M | $5.2M | $2.0M |
| Oct 2025 | $10.7M | $99.9M | −$89.2M |
| Sep 2025 | $9.4M | $5.8M | $3.7M |
| Aug 2025 | $7.5M | $6.4M | $1.1M |
| Jul 2025 | $7.9M | $6.5M | $1.4M |
| Jun 2025 | $8.4M | $14.2M | −$5.8M |
TSDUX Assets Under Management
Net assets of Ultra-Short Term Fixed Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $289.92M |
| 2026-02-28 | $300.27M |
| 2025-11-30 | $325.55M |
| 2025-08-31 | $409.39M |
| 2025-05-31 | $411.90M |
| 2025-02-28 | $270.58M |
| 2024-11-30 | $263.24M |
| 2024-08-31 | $315.09M |
| 2024-05-31 | $321.50M |
| 2024-02-29 | $324.93M |
| 2023-11-30 | $307.12M |
| 2023-08-31 | $308.70M |
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.