FWSBX: First Western Short Duration Bond Fund - MutualFunds.com

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First Western Short Duration Bond

FWSBX - Snapshot

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $131 M
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$9.99
$9.56
$10.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare FWSBX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.00

0.00%

$67.93 B

2.36%

$0.26

2.52%

-

$82.86

+0.02%

$59.81 B

1.90%

$1.57

2.79%

-

$10.86

0.00%

$59.81 B

-

$0.02

2.74%

-

$4.19

0.00%

$55.37 B

2.99%

$0.13

-0.48%

-

$83.03

+0.08%

$40.61 B

2.43%

$2.01

2.51%

-

FWSBX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Western Short Duration Bond Fund
  • Fund Family Name
    First Western Capital Mgt
  • Inception Date
    Apr 26, 2013
  • 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 bonds. Investment grade bonds 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.


FWSBX - Performance

Return Ranking - Trailing

Period FWSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -8.5% 206.0% 72.81%
1 Yr 2.7% -5.2% 7.1% 70.80%
3 Yr 2.7%* -0.7% 4.6% 57.01%
5 Yr 2.5%* -0.8% 5.0% 40.92%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Return Ranking - Calendar

Period FWSBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.0% -2.4% 5.0% 91.98%
2018 -1.0% -50.6% 1.0% 37.52%
2017 -0.3% -1.6% 2.8% 70.82%
2016 0.0% -65.8% 7.1% 71.21%
2015 -0.7% -75.0% 3.0% 24.52%

Total Return Ranking - Trailing

Period FWSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -8.5% 206.0% 72.81%
1 Yr 2.7% -6.8% 7.1% 59.76%
3 Yr 2.7%* -0.7% 4.6% 49.73%
5 Yr 2.5%* -0.8% 5.0% 36.90%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FWSBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -2.3% 7.2% 77.90%
2018 1.6% -4.2% 6.5% 4.06%
2017 2.0% -1.6% 5.9% 10.78%
2016 2.3% -65.2% 10.7% 12.05%
2015 1.5% -7.0% 3.5% 1.67%

NAV & Total Return History


FWSBX - Holdings

Concentration Analysis

FWSBX Category Low Category High FWSBX % Rank
Net Assets 131 M 4.48 M 67.9 B 80.97%
Number of Holdings 216 3 4826 71.98%
Net Assets in Top 10 19.8 M -168 M 7.13 B 87.58%
Weighting of Top 10 15.03% 2.4% 100.0% 75.59%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 2.33%
  2. Federal Home Loan Mortgage Corporation 3% 1.80%
  3. United States Treasury Notes 2.5% 1.71%
  4. Invesco Shrt-Trm Inv Treasury Instl 1.60%
  5. Federal Home Loan Mortgage Corporation 3.5% 1.49%
  6. JP Morgan Mortgage Trust 3.5% 1.37%
  7. CALIFORNIA MUN FIN AUTH REV 5% 1.25%
  8. United States Treasury Notes 2.88% 1.23%
  9. United States Treasury Notes 1.88% 1.22%
  10. Government National Mortgage Association 4.5% 1.22%

Asset Allocation

Weighting Return Low Return High FWSBX % Rank
Bonds
95.56% 0.00% 177.64% 26.85%
Cash
2.91% -80.64% 100.00% 68.12%
Convertible Bonds
1.54% 0.00% 32.87% 49.66%
Stocks
0.00% 0.00% 6.71% 74.83%
Preferred Stocks
0.00% 0.00% 51.61% 77.01%
Other
0.00% -2.01% 20.06% 71.48%

Bond Sector Breakdown

Weighting Return Low Return High FWSBX % Rank
Securitized
49.18% 0.00% 90.75% 9.90%
Corporate
37.87% 0.00% 100.00% 52.18%
Government
8.62% 0.00% 78.98% 73.66%
Cash & Equivalents
2.91% 0.00% 100.00% 76.85%
Municipal
1.42% 0.00% 17.16% 12.25%
Derivative
0.00% 0.00% 27.60% 75.50%

Bond Geographic Breakdown

Weighting Return Low Return High FWSBX % Rank
US
90.76% 0.00% 144.19% 14.77%
Non US
4.80% -22.36% 78.41% 87.08%

FWSBX - Expenses

Operational Fees

FWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 34.57% 56.50%
Management Fee 0.35% 0.00% 1.19% 55.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 61.12%

Sales Fees

FWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

FWSBX 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.

FWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 496.37% 53.44%

FWSBX - Distributions

Dividend Yield Analysis

FWSBX Category Low Category High FWSBX % Rank
Dividend Yield 0.00% 0.00% 3.56% 74.29%

Dividend Distribution Analysis

FWSBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FWSBX Category Low Category High FWSBX % Rank
Net Income Ratio 2.13% -9.96% 4.42% 60.71%

Capital Gain Distribution Analysis

FWSBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FWSBX - Fund Manager Analysis

Managers

Barry Julien


Start Date

Tenure

Tenure Rank

Apr 26, 2013

7.52

7.5%

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.

Ashish Shah


Start Date

Tenure

Tenure Rank

Dec 01, 2015

4.92

4.9%

Ashish Shah, Portfolio Manager – Mr. Shah is the lead portfolio manager for First Western Capital Management Company’s high yield strategies and co-manages the firms short duration investment grade products. Previously, Mr. Shah was a Research and Strategic Planning Consultant at Sun Microsystems and a Product Manager for Escalate, an enterprise software company. Prior to his operational roles, he was an Equity Research Associate at JP Morgan Chase. He earned a dual B.A. in Economics and Environmental Science from the University of California, Berkeley and a M.B.A. from the Marshall School of Business at the University of Southern California where he was a recipient of the Guildford C. Babcock Endowed Scholarship.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.75 5.89 0.83
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