TTSMX Performance — Tennessee Tax-Free Short-to-Medium Series
Data updated: 2025-09-10
TTSMX returned +2.39% over one year to Mar 2025. Annualised returns are +1.40% over 3 years and +0.64% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $104, against $107 for the category, and to $102 over one year, against $103. Volatility over the past three years was 2.87% a year. In the 12 months to Mar 2025 the fund lost a net $692K, and assets reached $2.35M.
TTSMX Growth of $100
What $100 invested in Tennessee Tax-Free Short-to-Medium Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | TTSMX | Category average |
|---|---|---|
| 1 year (Apr 2024 – Mar 2025) | $102 | $103 |
| 3 years (Apr 2022 – Mar 2025) | $104 | $107 |
| 5 years (Apr 2020 – Mar 2025) | $103 | $108 |
| Since data start (Jul 2019 – Mar 2025) | $105 | $108 |
TTSMX Trailing Returns
Total returns to Mar 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.39% |
| 3 years (annualised) | +1.40% |
| 5 years (annualised) | +0.64% |
TTSMX Annual Returns
Calendar-year total returns of Tennessee Tax-Free Short-to-Medium Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Mar) | +0.77% |
| 2024 | +1.17% |
| 2023 | +2.42% |
| 2022 | −3.76% |
| 2021 | −0.30% |
| 2020 | +3.16% |
| 2019 (Jul–Dec) | +1.17% |
TTSMX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.4% | +0.3% | +0.1% | — | — | — | — | — | — | — | — | — |
| 2024 | −0.2% | +0.1% | −0.2% | −0.2% | −0.1% | +0.7% | +0.4% | +0.7% | +0.3% | −0.3% | +0.2% | −0.1% |
| 2023 | +1.2% | −1.4% | +1.2% | −0.3% | −0.6% | +0.4% | +0.1% | −0.2% | −0.8% | +0.1% | +2.0% | +0.8% |
| 2022 | −1.6% | −0.4% | −1.7% | −1.0% | +1.1% | −0.2% | +1.2% | −1.3% | −1.7% | −0.2% | +1.7% | +0.2% |
| 2021 | +0.2% | −1.0% | +0.3% | +0.4% | 0.0% | −0.1% | +0.4% | −0.2% | −0.3% | −0.3% | +0.2% | 0.0% |
| 2020 | +1.1% | +0.6% | −1.6% | −0.1% | +2.5% | −0.1% | +0.9% | −0.3% | 0.0% | −0.1% | +0.4% | 0.0% |
| 2019 | — | — | — | — | — | — | +0.7% | +0.9% | −0.9% | +0.1% | +0.1% | +0.2% |
TTSMX Risk
Risk measures from monthly returns over Apr 2022 – Mar 2025.
- 3-year volatility (annualised): 2.87%
- 3-year Sharpe ratio: -1.08 (vs 4.5% risk-free rate)
- Best month: +2.04% (Nov 2023)
- Worst month: −1.72% (Sep 2022)
TTSMX Fund Flows
Monthly money in and out of Tennessee Tax-Free Short-to-Medium Series, from SEC Form N-PORT.
- 12-month net flow: −$692K
- 12-month gross sales (incl. reinvestments): $72K
- Sales ÷ redemptions: 0.09×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2025 | $4K | $208K | −$203K |
| Feb 2025 | $14K | $21K | −$6K |
| Jan 2025 | $5K | $25K | −$20K |
| Dec 2024 | $6K | $46K | −$40K |
| Nov 2024 | $5K | $30K | −$25K |
| Oct 2024 | $5K | $20K | −$15K |
| Sep 2024 | $5K | $75K | −$70K |
| Aug 2024 | $5K | $75K | −$70K |
| Jul 2024 | $5K | $59K | −$53K |
| Jun 2024 | $5K | $92 | $5K |
| May 2024 | $6K | $127K | −$121K |
| Apr 2024 | $5K | $78K | −$73K |
TTSMX Assets Under Management
Net assets of Tennessee Tax-Free Short-to-Medium Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-03-31 | $2.35M |
| 2024-12-31 | $2.59M |
| 2024-09-30 | $2.67M |
| 2024-06-30 | $2.83M |
| 2024-03-31 | $3.03M |
| 2023-12-31 | $3.28M |
| 2023-09-30 | $3.48M |
| 2023-06-30 | $3.67M |
| 2023-03-31 | $3.71M |
| 2022-12-31 | $4.47M |
| 2022-09-30 | $4.38M |
| 2022-06-30 | $4.49M |
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.