FWFIX: First Western Fixed Income Fund - MutualFunds.com

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First Western Fixed Income

FWFIX - Snapshot

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $100 M
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$10.40
$9.75
$10.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Compare FWFIX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$88.38

+0.09%

$293.42 B

2.30%

$2.03

5.31%

0.04%

$11.64

+0.17%

$293.42 B

-

$0.02

5.34%

0.15%

$11.56

+0.17%

$204.55 B

2.26%

$0.26

5.00%

0.09%

$11.69

+0.17%

$89.02 B

1.67%

$0.19

6.86%

0.67%

$118.29

+0.10%

$81.57 B

2.23%

$2.64

5.24%

0.05%

FWFIX - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Western Fixed Income Fund
  • Fund Family Name
    First Western Capital Mgt
  • Inception Date
    Nov 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Barry Julien

Fund Description

Normally, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in investment grade fixed-income securities. It may invest up to 20% of its net assets in non-investment grade fixed income securities (hereafter referred to as "junk bonds" or "high yield securities"). Investment grade fixed-income securities are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency or unrated securities that the Adviser considers to be of comparable quality.


FWFIX - Performance

Return Ranking - Trailing

Period FWFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -9.1% 954.0% 75.81%
1 Yr 5.2% -4.8% 16.6% 72.59%
3 Yr 4.5%* 0.9% 8.1% 65.87%
5 Yr 4.1%* 1.0% 7.9% 49.46%
10 Yr N/A* 1.3% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period FWFIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.4% -1.7% 13.9% 78.76%
2018 -2.3% -10.3% 2.7% 12.26%
2017 1.0% -49.5% 8.1% 67.56%
2016 0.0% -49.3% 192.8% 68.85%
2015 -1.1% -12.2% 0.2% 4.90%

Total Return Ranking - Trailing

Period FWFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -9.1% 954.0% 75.72%
1 Yr 5.2% -7.9% 16.6% 60.80%
3 Yr 4.5%* 0.4% 8.1% 57.59%
5 Yr 4.1%* 0.7% 7.9% 43.91%
10 Yr N/A* 1.3% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FWFIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.9% -1.7% 13.9% 72.08%
2018 0.7% -10.3% 3.9% 2.39%
2017 4.1% -6.0% 8.4% 10.93%
2016 3.1% -5.7% 204.3% 14.16%
2015 1.8% -12.2% 3.7% 1.26%

NAV & Total Return History


FWFIX - Holdings

Concentration Analysis

FWFIX Category Low Category High FWFIX % Rank
Net Assets 100 M 3.15 M 293 B 89.27%
Number of Holdings 186 1 18468 86.41%
Net Assets in Top 10 21.7 M -1.17 B 39.4 B 88.45%
Weighting of Top 10 22.02% 3.1% 100.0% 57.35%

Top 10 Holdings

  1. Invesco Shrt-Trm Inv Treasury Instl 3.70%
  2. Government National Mortgage Association 3.5% 2.62%
  3. United States Treasury Notes 2.88% 2.35%
  4. United States Treasury Notes 2.38% 2.17%
  5. United States Treasury Notes 2.88% 2.09%
  6. United States Treasury Bonds 3% 2.03%
  7. United States Treasury Bonds 2.5% 1.99%
  8. United States Treasury Notes 1.62% 1.91%
  9. United States Treasury Bonds 5.25% 1.69%
  10. Tennessee Valley Authority 7.12% 1.50%

Asset Allocation

Weighting Return Low Return High FWFIX % Rank
Bonds
96.29% -56.20% 351.52% 38.60%
Cash
3.70% -238.91% 164.87% 53.72%
Stocks
0.00% -0.16% 10.12% 22.88%
Preferred Stocks
0.00% 0.00% 80.56% 39.01%
Other
0.00% -14.22% 7.23% 14.90%
Convertible Bonds
0.00% 0.00% 11.80% 85.94%

Bond Sector Breakdown

Weighting Return Low Return High FWFIX % Rank
Securitized
39.28% 0.00% 98.42% 24.49%
Corporate
34.51% 0.00% 100.00% 45.72%
Government
21.67% 0.00% 89.39% 44.97%
Cash & Equivalents
3.70% 0.00% 91.85% 67.13%
Municipal
0.84% 0.00% 84.84% 35.01%
Derivative
0.00% 0.00% 23.62% 36.59%

Bond Geographic Breakdown

Weighting Return Low Return High FWFIX % Rank
US
93.86% -56.44% 336.16% 18.16%
Non US
2.43% -144.79% 79.88% 88.73%

FWFIX - Expenses

Operational Fees

FWFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.01% 21.33% 39.40%
Management Fee 0.50% 0.00% 0.85% 84.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 48.95%

Sales Fees

FWFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FWFIX 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.

FWFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 3.00% 489.00% 17.04%

FWFIX - Distributions

Dividend Yield Analysis

FWFIX Category Low Category High FWFIX % Rank
Dividend Yield 0.00% 0.00% 3.91% 8.88%

Dividend Distribution Analysis

FWFIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FWFIX Category Low Category High FWFIX % Rank
Net Income Ratio 2.20% -0.35% 11.28% 78.87%

Capital Gain Distribution Analysis

FWFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

FWFIX - Fund Manager Analysis

Managers

Barry Julien


Start Date

Tenure

Tenure Rank

Nov 01, 2012

8.0

8.0%

Barry P. Julien, CFA®, President/Chief Investment Officer – Fixed Income – Mr. Julien is President and Chief Investment Officer of First Western Capital Management Company and lead portfolio manager on First Western Capital Management Company's investment grade strategies. Prior to joining First Western Capital Management Company, Mr. Julien was President and Chief Investment Officer at McKee Investment Management, and subsequently a Principal at Stonebridge Capital Management where he managed the company’s fixed income portfolio. With many years of experience, Mr. Julien leads the Investment Grade Fixed Income team and works with institutional and high net worth clients to determine appropriate investment objectives and risk tolerance. Mr. Julien graduated cum laude from the University of California at San Diego with a BA in Economics and he earned his MBA from the Haas School of Business at the University of California at Berkeley where he was awarded the Sutro Fellowship in Finance. He is a CFA charterholder and a member of CFA® Society of Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.85 6.97 1.34