Old Westbury Strategic Opportunities
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-11.2%
1 yr return
-10.9%
3 Yr Avg Return
-6.4%
5 Yr Avg Return
-2.1%
Net Assets
$2.22 B
Holdings in Top 10
18.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 132.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OWSOX - Profile
Distributions
- YTD Total Return -11.2%
- 3 Yr Annualized Total Return -4.0%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameOld Westbury Multi-Asset Opportunities Fund
-
Fund Family NameOld Westbury
-
Inception DateNov 28, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael McEachern
Fund Description
OWSOX - Performance
Return Ranking - Trailing
Period | OWSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.2% | -45.6% | 23.1% | 94.62% |
1 Yr | -10.9% | -47.7% | 22.7% | 93.49% |
3 Yr | -6.4%* | -20.8% | 10.3% | 95.96% |
5 Yr | -2.1%* | -12.8% | 6.7% | 89.07% |
10 Yr | -1.4%* | -4.0% | 9.7% | 99.15% |
* Annualized
Return Ranking - Calendar
Period | OWSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -7.3% | 25.7% | 41.05% |
2022 | -13.6% | -32.7% | 10.9% | 66.03% |
2021 | 5.1% | -9.1% | 19.3% | 63.31% |
2020 | 2.6% | -43.7% | 13.7% | 52.05% |
2019 | -4.5% | -19.4% | 6.0% | 19.36% |
Total Return Ranking - Trailing
Period | OWSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.2% | -45.6% | 23.1% | 94.62% |
1 Yr | -10.9% | -47.7% | 22.7% | 93.49% |
3 Yr | -4.0%* | -18.2% | 11.5% | 91.92% |
5 Yr | 0.1%* | -11.0% | 10.2% | 79.80% |
10 Yr | 2.7%* | -4.0% | 9.7% | 82.20% |
* Annualized
Total Return Ranking - Calendar
Period | OWSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -7.3% | 25.7% | 41.76% |
2022 | -13.6% | -32.7% | 10.9% | 83.90% |
2021 | 13.3% | -3.7% | 22.1% | 39.06% |
2020 | 4.6% | -43.7% | 20.7% | 59.90% |
2019 | -2.6% | -14.9% | 8.0% | 45.29% |
OWSOX - Holdings
Concentration Analysis
OWSOX | Category Low | Category High | OWSOX % Rank | |
---|---|---|---|---|
Net Assets | 2.22 B | 5.59 M | 24.2 B | 19.67% |
Number of Holdings | 1083 | 5 | 5256 | 15.78% |
Net Assets in Top 10 | 232 M | -107 M | 22.4 B | 56.24% |
Weighting of Top 10 | 18.19% | 5.7% | 100.0% | 92.97% |
Top 10 Holdings
- ROMARK CREDIT FUNDING I LTD 5.11%
- iShares MSCI Emerging Markets ETF 3.41%
- Ajax Mtg Ln Tr 2020-A 2.38% 2.19%
- Option on S&P 500 PR May20 1.73%
- Ajax Mtg Ln Tr 2019-E 3% 1.41%
- Euro Stoxx 50 Put Jun20 1.01%
- AJAX MORTGAGE LOAN TRUST 3.75% 0.90%
- Hscei/Spx Spread 4.7% Corri - 12/18/20 0.82%
- Spx Var @20.1% $500k 11-20-20 0.82%
- 727 Spx Var Straddle $500k 19.35 12/18/2020 0.80%
Asset Allocation
Weighting | Return Low | Return High | OWSOX % Rank | |
---|---|---|---|---|
Bonds | 53.98% | -34.50% | 155.45% | 19.07% |
Stocks | 24.20% | 0.01% | 80.06% | 87.38% |
Cash | 20.39% | -77.12% | 107.28% | 9.05% |
Other | 1.16% | -8.37% | 95.53% | 33.47% |
Convertible Bonds | 0.28% | -0.84% | 13.22% | 70.78% |
Preferred Stocks | 0.00% | 0.00% | 39.43% | 90.12% |
Stock Sector Breakdown
Weighting | Return Low | Return High | OWSOX % Rank | |
---|---|---|---|---|
Technology | 21.51% | 0.00% | 31.19% | 12.26% |
Financial Services | 15.27% | 0.00% | 29.74% | 22.31% |
Healthcare | 12.59% | 0.00% | 100.00% | 67.08% |
Industrials | 9.17% | 0.00% | 31.64% | 69.42% |
Communication Services | 9.03% | 0.00% | 43.64% | 42.42% |
Consumer Defense | 8.64% | 0.00% | 27.83% | 19.28% |
Consumer Cyclical | 7.96% | 0.00% | 25.81% | 84.71% |
Energy | 4.46% | 0.00% | 100.00% | 19.28% |
Basic Materials | 4.25% | 0.00% | 14.34% | 41.60% |
Real Estate | 3.68% | 0.00% | 89.31% | 59.09% |
Utilities | 3.43% | 0.00% | 38.45% | 41.87% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | OWSOX % Rank | |
---|---|---|---|---|
US | 12.99% | -1.22% | 61.27% | 89.57% |
Non US | 11.21% | -0.65% | 45.94% | 78.74% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OWSOX % Rank | |
---|---|---|---|---|
Securitized | 66.00% | 0.00% | 66.00% | 0.14% |
Cash & Equivalents | 27.87% | -31.57% | 100.00% | 15.64% |
Corporate | 4.42% | 0.00% | 98.97% | 95.34% |
Derivative | 1.42% | -0.40% | 46.39% | 32.51% |
Government | 0.29% | 0.00% | 76.76% | 95.20% |
Municipal | 0.00% | 0.00% | 47.46% | 86.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OWSOX % Rank | |
---|---|---|---|---|
US | 44.40% | -68.01% | 95.46% | 12.48% |
Non US | 9.58% | -9.92% | 59.99% | 33.33% |
OWSOX - Expenses
Operational Fees
OWSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.32% | 0.02% | 22.24% | 31.09% |
Management Fee | 1.04% | 0.00% | 1.95% | 91.92% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.04% | 0.01% | 0.70% | 3.90% |
Sales Fees
OWSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
OWSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
OWSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 132.00% | 1.00% | 447.00% | 87.90% |
OWSOX - Distributions
Dividend Yield Analysis
OWSOX | Category Low | Category High | OWSOX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.54% | 61.10% |
Dividend Distribution Analysis
OWSOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
OWSOX | Category Low | Category High | OWSOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.54% | -0.95% | 6.29% | 17.38% |
Capital Gain Distribution Analysis
OWSOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 24, 2018 | $0.259 | |
Dec 28, 2017 | $0.333 | |
Dec 30, 2016 | $0.006 | |
Dec 29, 2016 | $0.135 | |
Dec 29, 2014 | $0.174 | |
Dec 27, 2013 | $0.269 | |
Dec 21, 2012 | $0.175 | |
Jun 21, 2012 | $0.060 | |
Dec 23, 2011 | $0.292 | |
Jun 27, 2011 | $0.099 | |
Dec 17, 2010 | $0.489 | |
Dec 21, 2009 | $0.165 | |
Dec 18, 2008 | $0.537 | |
Dec 27, 2007 | $0.023 |
OWSOX - Fund Manager Analysis
Managers
Michael McEachern
Start Date
Tenure
Tenure Rank
Oct 24, 2013
6.86
6.9%
Mike joined Muzinich in 2012. He is the Head of Public Markets, a Portfolio Manager and a member of the firm’s Investment Committee. Mike is also the lead PM for the Global Tactical Credit and Credit Opportunities Funds. Prior to joining Muzinich, he was President and Head of the High Yield Division at Seix Advisors, Inc. At Seix Advisors, Mike was the Founding Partner of the high yield strategy that grew to over $13 billion, under his leadership. Previously, he served in various research and portfolio management capacities at American General Corp. and at Capital Holding Corporation. Mike earned a B.A. in Management Science from the University of California, San Diego and an M.B.A. from Rice University. He holds the Chartered Financial Analyst Designation.
Thomas Samson
Start Date
Tenure
Tenure Rank
Oct 24, 2013
6.86
6.9%
Thomas joined Muzinich in 2004. He is a Portfolio Manager, a member of the firm’s Investment Committee and the lead PM for the Europeyield Fund. Prior to joining Muzinich, Thomas worked as an Investment Analyst at Trafalgar Asset Managers, a distressed-debt hedge fund. Previously, he worked as a financial Analyst at GE Capital. Thomas has a Masters in Finance from London Business School and earned an M.Sc. in Corporate Finance from the Institut d’Études Politiques de Paris, France. He holds the Chartered Financial Analyst designation.
Warren Hyland
Start Date
Tenure
Tenure Rank
Oct 24, 2013
6.86
6.9%
Warren joined Muzinich in 2013. He is a Portfolio Manager focusing on emerging markets credit and is the lead PM for the Emerging markets Short Duration Fund. Prior to joining Muzinich, Warren was with Schroders, where he was a Global Portfolio Manager and later, the Senior Portfolio Manager for Global Emerging Markets. In the latter role, he managed about $2 billion and helped to develop the firm’s emerging markets corporate capabilities. Previously, Warren was the Head of European Money Markets at UniCredito Italiano. Warren earned a B.Sc. in Mathematics for Business from the Middlesex University London and an M.Sc. in Shipping Trade and Finance from the CASS Business School. He holds the Chartered Financial Analyst designation.
Ibrahim Incoglu
Start Date
Tenure
Tenure Rank
May 01, 2014
6.34
6.3%
Mr. Ibrahim Incoglu is Managing Director of BlackRock, Inc. since 2015 and Director of BlackRock, Inc. from 2009 to 2014. Mr. Incoglu, a Managing Director of BlackRock, is part of the Securitized Assets Investment team and a member of Americas Fixed Income within the Alpha Strategies Group. Mr. Incoglu is a Senior Portfolio Manager and Trader on the Non-Agency desk. His responsibilities include managing Prime, Alt-a, Option Arm and Subprime positions across numerous BlackRock portfolios. Prior to joining BlackRock in 2009, Mr. Incoglu spent more than six years on the sell side at Wachovia Securities, most recently as a Director. He was responsible for managing the synthetic ABS desk, market making and hedging activities. Prior to launching synthetic desk in 2006, Mr. Incoglu was a Senior Trader at Wachovia and traded / made markets on Alt-a, Sub-prime and 2nd liens/ HELOC's (Home Equity Line of Credit). From 2002 to 2003, Mr. Incoglu was an Associate at Bank of America Securities, where he structured up Non-Agency deals, and ran arbitrage to buy and securitize mortgage whole loans. Mr. Incoglu began his career at Ocwen Federal Bank in 2000. He focused on trading of IO's, servicing strips, as well as hedging activities of the derivatives. Mr. Incoglu earned a BS degree in civil engineering from Bogazici University in 1998, and an MBA degree in business administration from the University of Tulsa in 1999.
Torben Ronberg
Start Date
Tenure
Tenure Rank
Mar 01, 2018
2.5
2.5%
Torben joined Muzinich in 2016. He is a Portfolio Manager focusing on syndicated loans. Prior to joining Muzinich, Torben was with ECM Asset Management Limited, a Wells Fargo company, where he was Head of Sub-Investment Grade responsible for overseeing all loan and high yield investments in asset class specific portfolios, as well as across ECM’s multi asset class portfolios. Previously, he was at Danske Bank Group in Copenhagen and London. Torben has more than 20 years of experience in corporate banking and the leveraged finance market in particular. He holds an Executive M.B.A. from London Business School.
Anthony Wile
Start Date
Tenure
Tenure Rank
May 01, 2019
1.34
1.3%
Mr. Anthony Wile, Senior Vice President and Associate Portfolio Manager of Bessemer Investment Management LLC. Mr. Wile joined Bessemer Investment Management in 2017 and Bessemer in 2016. Prior to joining Bessemer, Mr. Wile was a global markets research analyst at J.P. Morgan, responsible for global macro research and high frequency forecasting. Mr. Wile earned a B.B.A. in finance and economics from Loyola University Chicago.
Jared Olivenstein
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.17
1.2%
Mr. Jared B. Olivenstein is the Principal and Co-Portfolio Manager of Bessemer Investment Management LLC. Prior to joining Bessemer Investment Management, Mr. Olivenstein was an Executive Director and Portfolio Manager at JPMorgan Asset Management, responsible for the Strategic Income Opportunities family of funds. Prior to joining JPMorgan Asset Management, Mr. Olivenstein was a foreign exchange and commodities sales and trading associate with JPMorgan Chase Securities Inc. Mr. Olivenstein earned a B.S. in Business Administration from Carnegie Mellon University.
Anthony DeMeo
Start Date
Tenure
Tenure Rank
Feb 28, 2020
0.51
0.5%
Anthony joined Muzinich in 2015. He is a Portfolio Manager focusing on US investment grade bonds and a PM for the Enhancedyield Short-Term and Low Duration Funds. Prior to joining Muzinich, Anthony was an Investment Grade Credit Trader at Société Générale for four years focusing on the consumer, retail and industrial sectors. Previously, he spent 11 years in debt capital markets at Barclays Capital and Deutsche Bank where he advised corporations on financing and solution strategies. Anthony earned a B.A. in Economics from Cornell University.
Qiang Jiang
Start Date
Tenure
Tenure Rank
Apr 02, 2020
0.41
0.4%
Qiang Jiang, PhD, is a Managing Director and Director of Investment Quantitative R&D at Bessemer Investment Management LLC. Dr. Jiang joined the Adviser in 2007. Prior to joining Bessemer, Dr. Jiang worked for Bessemer, an affiliate of Bessemer, since 2002. Prior to joining Bessemer, Dr. Jiang was a consultant for Schroders from 1997 to 2000, and the Bank of New York Mellon (which acquired Schroders) from 2000 to 2001. Dr. Jiang worked at Rutgers University as a research fellow, responsible for research in the areas of interfacial phenomena and ultra-low temperature physics, and completed both a M.S in Electrical Engineering & Computer as well as his Doctoral program in Physics in 1991. Dr. Jiang earned a B.S. from Fudan University in 1985.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 24.35 | 5.38 | 2.53 |