Pacific Capital Tax-Free Securities Fund (PTXFX)

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Pacific Capital Tax-Free Securities Fund (PTXFX) is down 0.1% since the beginning of the year. PTXFX is currently trading at $10 per share. Investors who bought $1,000 worth of PTXFX shares 5 years ago would now be looking at an investment worth $995.

Pacific Capital Tax-Free Securities Fund (PTXFX) has returned -0.07% so far this year and 3.82% over the past 12 months. Over the last ten years, PTXFX has returned 1.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jan 3, 1995, PTXFX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Sep 2008 at -4.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PTXFX closed higher 34% of trading days. The best single day was Mar 25, 2020 with a return of +3.5%, while the worst single day was Mar 20, 2020 at -2.5%.

Pacific Capital Tax-Free Securities Fund has an annualized alpha of 3.87%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.

• This fund captured 10.67% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.03%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 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.

PTXFX has an expense ratio of 0.12%, which is considered low.

PTXFX ranks 64 for risk / return — above 64% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.

Pacific Capital Tax-Free Securities Fund provided a 2.09% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Pacific Capital Tax-Free Securities 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 Pacific Capital Tax-Free Securities 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 Pacific Capital Tax-Free Securities Fund was 11.69%, occurring on Oct 25, 2022. Recovery took 787 trading sessions.

The current Pacific Capital Tax-Free Securities Fund drawdown is 1.64%.

The chart below shows the rolling one-month volatility.