Elfun Tax Exempt Income Fund (ELFTX)

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Elfun Tax Exempt Income Fund (ELFTX) is up 1.3% since the beginning of the year. ELFTX is currently trading at $10 per share. Investors who bought $1,000 worth of ELFTX shares 5 years ago would now be looking at an investment worth $995.

Elfun Tax Exempt Income Fund (ELFTX) has returned 1.31% so far this year and 6.98% over the past 12 months. Over the last ten years, ELFTX has returned 1.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, ELFTX's average daily return is +0.01%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Aug 1982 with a return of +9.0%, while the worst month was Aug 1981 at -8.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ELFTX closed higher 34% of trading days. The best single day was Aug 30, 1982 with a return of +9.1%, while the worst single day was Aug 31, 1981 at -8.2%.

Elfun Tax Exempt Income Fund has an annualized alpha of 3.78%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.85%) than losses (10.35%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ELFTX has an expense ratio of 0.21%, which is considered low.

ELFTX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) and compare them to S&P 500 Index.

Elfun Tax Exempt Income Fund provided a 3.94% dividend yield over the last twelve months, with an annual payout of $0.39 per share.

The table displays the monthly dividend distributions for Elfun Tax Exempt Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Elfun Tax Exempt Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Elfun Tax Exempt Income Fund was 19.15%, occurring on Oct 16, 1987. Recovery took 1207 trading sessions.

The current Elfun Tax Exempt Income Fund drawdown is 1.41%.

The chart below shows the rolling one-month volatility.