TWTIX Performance — Intermediate-Term Tax-Free Bond Fund, Investor Class
Data updated: 2026-09-28
TWTIX returned +1.20% year to date and +6.29% over one year to May 2026. Annualised returns are +3.78% over 3 years and +1.00% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.65% a year. In the 12 months to May 2026 the fund took in a net $1.2B, and assets reached $4.87B.
TWTIX Growth of $100
What $100 invested in Intermediate-Term Tax-Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | TWTIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $112 | $111 |
| 5 years (Jun 2021 – May 2026) | $105 | $104 |
| Since data start (Sep 2019 – May 2026) | $111 | $109 |
TWTIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.20% |
| 1 year | +6.29% |
| 3 years (annualised) | +3.78% |
| 5 years (annualised) | +1.00% |
TWTIX Annual Returns
Calendar-year total returns of Intermediate-Term Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.20% |
| 2025 | +4.52% |
| 2024 | +1.65% |
| 2023 | +5.43% |
| 2022 | −7.89% |
| 2021 | +2.00% |
| 2020 | +4.76% |
| 2019 (Sep–Dec) | −0.14% |
TWTIX 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 | +0.8% | +1.3% | −2.2% | +0.9% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +1.0% | −1.5% | −0.4% | 0.0% | +0.8% | −0.1% | +0.8% | +2.0% | +1.0% | +0.2% | +0.3% |
| 2024 | −0.1% | +0.1% | +0.1% | −0.9% | −0.2% | +1.3% | +0.8% | +0.7% | +0.8% | −1.3% | +1.3% | −0.9% |
| 2023 | +2.4% | −1.9% | +1.8% | 0.0% | −0.8% | +0.7% | +0.2% | −1.0% | −2.4% | −0.9% | +5.2% | +2.2% |
| 2022 | −2.4% | −0.5% | −2.6% | −2.2% | +0.9% | −1.3% | +2.2% | −1.9% | −3.2% | −0.7% | +3.8% | 0.0% |
| 2021 | +0.8% | −1.2% | +0.5% | +0.9% | +0.4% | +0.3% | +0.7% | −0.2% | −0.7% | −0.2% | +0.7% | +0.1% |
| 2020 | +1.7% | +1.3% | −4.3% | −1.8% | +3.0% | +1.4% | +1.7% | −0.2% | −0.1% | −0.2% | +1.4% | +0.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | 0.0% | +0.2% | +0.3% |
TWTIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.65%
- 3-year Sharpe ratio: -0.16 (vs 4.5% risk-free rate)
- Best month: +5.20% (Nov 2023)
- Worst month: −2.39% (Sep 2023)
TWTIX Fund Flows
Monthly money in and out of Intermediate-Term Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.2B
- 12-month gross sales (incl. reinvestments): $2.3B
- Sales ÷ redemptions: 2.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $251.7M | $130.8M | $120.9M |
| Apr 2026 | $532.6M | $124.4M | $408.1M |
| Mar 2026 | $90.6M | $62.2M | $28.4M |
| Feb 2026 | $576.3M | $40.4M | $535.9M |
| Jan 2026 | $76.0M | $44.3M | $31.7M |
| Dec 2025 | $81.2M | $68.8M | $12.4M |
| Nov 2025 | $62.2M | $69.7M | −$7.5M |
| Oct 2025 | $77.0M | $63.4M | $13.7M |
| Sep 2025 | $66.5M | $72.9M | −$6.3M |
| Aug 2025 | $84.0M | $97.5M | −$13.6M |
| Jul 2025 | $278.8M | $195.8M | $83.0M |
| Jun 2025 | $96.1M | $85.1M | $11.0M |
TWTIX Assets Under Management
Net assets of Intermediate-Term Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $4.87B |
| 2026-02-28 | $4.39B |
| 2025-11-30 | $3.75B |
| 2025-08-31 | $3.66B |
| 2025-05-31 | $3.56B |
| 2025-02-28 | $3.69B |
| 2024-11-30 | $3.70B |
| 2024-08-31 | $3.68B |
| 2024-05-31 | $3.65B |
| 2024-02-29 | $3.69B |
| 2023-11-30 | $3.69B |
| 2023-08-31 | $3.71B |
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.