Old Westbury Municipal Bond Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
5.0%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
0.5%
Net Assets
$4.06 B
Holdings in Top 10
8.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OWMBX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency Quarterly
- Net Income Ratio 0.93%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameOld Westbury Municipal Bond Fund
-
Fund Family NameOld Westbury
-
Inception DateDec 16, 1998
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Akinskas
Fund Description
The Fund invests primarily in a diversified portfolio of investment-grade municipal securities, which include tax-free debt securities of states, territories, and possessions of the U.S. and political subdivisions and taxing authorities of these entities, with a goal of seeking total return (consisting of current income that is exempt from regular federal income tax and capital appreciation). The Fund invests, as a fundamental policy, at least 80% of its net assets plus investment borrowings, under normal circumstances, in investments the income from which is exempt from federal income tax, but not necessarily the federal alternative minimum tax. The Fund invests, as a non-fundamental policy, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in municipal bonds. The Fund may also engage in futures and options transactions, both to increase return
and/or to hedge, or protect, its exposure to, for example, interest rate movements. In addition, the Fund may invest in exchange-traded funds (“ETFs”), U.S. Treasury securities, securities subject to the federal alternative minimum tax, taxable municipal bonds, and inflation-protected securities such as Treasury Inflation Protected Securities (“TIPS”) and similar bonds issued by governments outside of the United States. Fixed income securities held by the Fund may be of any maturity.
OWMBX - Performance
Return Ranking - Trailing
Period | OWMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -5.0% | 26.7% | 90.88% |
1 Yr | 5.0% | 0.7% | 38.1% | 87.35% |
3 Yr | -0.3%* | -10.8% | 3.2% | 35.09% |
5 Yr | 0.5%* | -7.0% | 1102.9% | 64.29% |
10 Yr | 1.2%* | -0.9% | 248.6% | 71.16% |
* Annualized
Return Ranking - Calendar
Period | OWMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -1.4% | 41.0% | 76.37% |
2022 | -6.5% | -39.7% | 0.3% | 14.01% |
2021 | -2.6% | -5.6% | 6.9% | 99.66% |
2020 | 2.4% | -2.6% | 310.0% | 20.07% |
2019 | 3.8% | 0.0% | 26.0% | 47.54% |
Total Return Ranking - Trailing
Period | OWMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -5.0% | 26.7% | 90.88% |
1 Yr | 5.0% | 0.7% | 38.1% | 87.35% |
3 Yr | -0.3%* | -10.8% | 3.2% | 35.09% |
5 Yr | 0.5%* | -7.0% | 1102.9% | 64.29% |
10 Yr | 1.2%* | -0.9% | 248.6% | 71.16% |
* Annualized
Total Return Ranking - Calendar
Period | OWMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -1.3% | 41.0% | 84.31% |
2022 | -5.4% | -39.7% | 1.1% | 15.17% |
2021 | -0.6% | -4.8% | 23761504.0% | 96.25% |
2020 | 4.1% | -1.5% | 17057.9% | 38.26% |
2019 | 5.2% | 0.2% | 3514.6% | 77.80% |
NAV & Total Return History
OWMBX - Holdings
Concentration Analysis
OWMBX | Category Low | Category High | OWMBX % Rank | |
---|---|---|---|---|
Net Assets | 4.06 B | 3.22 M | 71.9 B | 8.86% |
Number of Holdings | 571 | 4 | 13418 | 22.04% |
Net Assets in Top 10 | 334 M | -317 M | 3.09 B | 9.99% |
Weighting of Top 10 | 8.05% | 1.8% | 100.3% | 87.21% |
Top 10 Holdings
- Federated Hermes US Treasury Cash Reserves 2.91%
- State of Washington 0.66%
- State of Washington 0.63%
- County of Collin TX 0.60%
- State of Nevada 0.58%
- New York State Urban Development Corp 0.56%
- State of Washington 0.55%
- New Jersey Educational Facilities Authority 0.53%
- State of Maryland 0.52%
- State of Hawaii 0.50%
Asset Allocation
Weighting | Return Low | Return High | OWMBX % Rank | |
---|---|---|---|---|
Bonds | 97.38% | 0.00% | 150.86% | 76.85% |
Cash | 2.91% | -50.86% | 44.62% | 18.58% |
Stocks | 0.00% | 0.00% | 99.78% | 90.55% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 89.55% |
Other | 0.00% | -3.69% | 51.88% | 84.42% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 89.24% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OWMBX % Rank | |
---|---|---|---|---|
Municipal | 86.35% | 44.39% | 100.00% | 97.59% |
Government | 3.06% | 0.00% | 52.02% | 0.87% |
Cash & Equivalents | 2.91% | 0.00% | 44.41% | 12.52% |
Corporate | 1.42% | 0.00% | 9.41% | 1.74% |
Derivative | 0.00% | -3.69% | 51.88% | 83.42% |
Securitized | 0.00% | 0.00% | 5.93% | 89.24% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OWMBX % Rank | |
---|---|---|---|---|
US | 97.38% | 0.00% | 142.23% | 74.23% |
Non US | 0.00% | 0.00% | 23.89% | 91.61% |
OWMBX - Expenses
Operational Fees
OWMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.01% | 8.02% | 59.89% |
Management Fee | 0.37% | 0.00% | 1.20% | 33.33% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.04% | 0.01% | 0.44% | 3.71% |
Sales Fees
OWMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
OWMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
OWMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 58.00% | 0.00% | 283.00% | 95.50% |
OWMBX - Distributions
Dividend Yield Analysis
OWMBX | Category Low | Category High | OWMBX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.55% | 0.00% | 14.51% | 80.11% |
Dividend Distribution Analysis
OWMBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
OWMBX | Category Low | Category High | OWMBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.93% | -0.53% | 5.33% | 88.81% |
Capital Gain Distribution Analysis
OWMBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Quarterly | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 12, 2024 | $0.073 | OrdinaryDividend |
Mar 14, 2024 | $0.069 | OrdinaryDividend |
Dec 14, 2023 | $0.067 | OrdinaryDividend |
Sep 14, 2023 | $0.063 | OrdinaryDividend |
Jun 15, 2023 | $0.056 | OrdinaryDividend |
Mar 16, 2023 | $0.048 | OrdinaryDividend |
Dec 15, 2022 | $0.048 | OrdinaryDividend |
Sep 15, 2022 | $0.034 | OrdinaryDividend |
Jun 16, 2022 | $0.028 | OrdinaryDividend |
Mar 17, 2022 | $0.022 | OrdinaryDividend |
Dec 13, 2021 | $0.165 | OrdinaryDividend |
Sep 13, 2021 | $0.027 | OrdinaryDividend |
Jun 14, 2021 | $0.029 | OrdinaryDividend |
Mar 15, 2021 | $0.031 | OrdinaryDividend |
Dec 14, 2020 | $0.099 | OrdinaryDividend |
Sep 14, 2020 | $0.035 | OrdinaryDividend |
Jun 15, 2020 | $0.038 | OrdinaryDividend |
Mar 16, 2020 | $0.038 | OrdinaryDividend |
Dec 09, 2019 | $0.041 | OrdinaryDividend |
Sep 09, 2019 | $0.041 | OrdinaryDividend |
Jun 10, 2019 | $0.044 | OrdinaryDividend |
Mar 11, 2019 | $0.040 | OrdinaryDividend |
Dec 03, 2018 | $0.046 | OrdinaryDividend |
Sep 10, 2018 | $0.045 | OrdinaryDividend |
Jun 11, 2018 | $0.041 | OrdinaryDividend |
Mar 12, 2018 | $0.039 | OrdinaryDividend |
Dec 11, 2017 | $0.037 | OrdinaryDividend |
Sep 11, 2017 | $0.035 | OrdinaryDividend |
Jun 12, 2017 | $0.034 | OrdinaryDividend |
Mar 13, 2017 | $0.034 | OrdinaryDividend |
Dec 12, 2016 | $0.032 | OrdinaryDividend |
Dec 12, 2016 | $0.040 | CapitalGainShortTerm |
Dec 12, 2016 | $0.016 | CapitalGainLongTerm |
Sep 12, 2016 | $0.029 | OrdinaryDividend |
Jun 13, 2016 | $0.035 | OrdinaryDividend |
Mar 14, 2016 | $0.038 | OrdinaryDividend |
Dec 14, 2015 | $0.041 | OrdinaryDividend |
Dec 14, 2015 | $0.003 | CapitalGainShortTerm |
Dec 14, 2015 | $0.009 | CapitalGainLongTerm |
Sep 14, 2015 | $0.038 | OrdinaryDividend |
Jun 15, 2015 | $0.040 | OrdinaryDividend |
Mar 16, 2015 | $0.037 | OrdinaryDividend |
Dec 15, 2014 | $0.035 | OrdinaryDividend |
Dec 15, 2014 | $0.049 | CapitalGainLongTerm |
Sep 15, 2014 | $0.033 | OrdinaryDividend |
Jun 16, 2014 | $0.035 | OrdinaryDividend |
Mar 17, 2014 | $0.036 | OrdinaryDividend |
Dec 16, 2013 | $0.041 | OrdinaryDividend |
Dec 16, 2013 | $0.034 | CapitalGainLongTerm |
Sep 16, 2013 | $0.038 | OrdinaryDividend |
Jun 17, 2013 | $0.040 | OrdinaryDividend |
Mar 18, 2013 | $0.043 | OrdinaryDividend |
Dec 10, 2012 | $0.046 | OrdinaryDividend |
Dec 10, 2012 | $0.038 | CapitalGainShortTerm |
Dec 10, 2012 | $0.078 | CapitalGainLongTerm |
Sep 17, 2012 | $0.046 | OrdinaryDividend |
Jun 18, 2012 | $0.043 | OrdinaryDividend |
Mar 19, 2012 | $0.050 | OrdinaryDividend |
Dec 12, 2011 | $0.051 | OrdinaryDividend |
Dec 12, 2011 | $0.031 | CapitalGainLongTerm |
Sep 19, 2011 | $0.050 | OrdinaryDividend |
Jun 20, 2011 | $0.048 | OrdinaryDividend |
Mar 21, 2011 | $0.044 | OrdinaryDividend |
Dec 13, 2010 | $0.080 | OrdinaryDividend |
Dec 13, 2010 | $0.009 | CapitalGainShortTerm |
Dec 13, 2010 | $0.052 | CapitalGainLongTerm |
Sep 20, 2010 | $0.090 | OrdinaryDividend |
Jun 21, 2010 | $0.095 | OrdinaryDividend |
Mar 22, 2010 | $0.085 | OrdinaryDividend |
Dec 09, 2009 | $0.160 | OrdinaryDividend |
Jun 15, 2009 | $0.160 | OrdinaryDividend |
Dec 08, 2008 | $0.179 | OrdinaryDividend |
Jun 16, 2008 | $0.170 | OrdinaryDividend |
Dec 11, 2007 | $0.176 | OrdinaryDividend |
Jun 18, 2007 | $0.170 | OrdinaryDividend |
Dec 11, 2006 | $0.197 | OrdinaryDividend |
Jun 13, 2006 | $0.132 | OrdinaryDividend |
Dec 19, 2005 | $0.166 | OrdinaryDividend |
Dec 19, 2005 | $0.008 | CapitalGainShortTerm |
Dec 19, 2005 | $0.097 | CapitalGainLongTerm |
Jun 16, 2005 | $0.140 | OrdinaryDividend |
Dec 17, 2004 | $0.142 | OrdinaryDividend |
Dec 17, 2004 | $0.022 | CapitalGainShortTerm |
Dec 17, 2004 | $0.047 | CapitalGainLongTerm |
Jun 18, 2004 | $0.136 | OrdinaryDividend |
Dec 19, 2003 | $0.152 | OrdinaryDividend |
Dec 19, 2003 | $0.059 | CapitalGainShortTerm |
Dec 19, 2003 | $0.077 | CapitalGainLongTerm |
Jun 19, 2003 | $0.143 | OrdinaryDividend |
Dec 19, 2002 | $0.192 | OrdinaryDividend |
Dec 19, 2002 | $0.067 | CapitalGainShortTerm |
Dec 19, 2002 | $0.059 | CapitalGainLongTerm |
Jun 19, 2002 | $0.164 | OrdinaryDividend |
Dec 19, 2001 | $0.158 | OrdinaryDividend |
Dec 19, 2001 | $0.094 | CapitalGainShortTerm |
Dec 19, 2001 | $0.033 | CapitalGainLongTerm |
Dec 19, 2000 | $0.151 | OrdinaryDividend |
Jul 27, 2000 | $0.222 | OrdinaryDividend |
Dec 22, 1999 | $0.200 | OrdinaryDividend |
Dec 17, 1998 | $0.150 | OrdinaryDividend |
Dec 17, 1998 | $0.040 | CapitalGainShortTerm |
OWMBX - Fund Manager Analysis
Managers
Kevin Akinskas
Start Date
Tenure
Tenure Rank
Feb 24, 2020
2.27
2.3%
Mr. Kevin Akinskas, Managing Director of the Adviser and Head of Municipal Bonds at Bessemer, an affiliate of the Adviser. Mr. Akinskas joined the Adviser in February 2020. He was the Director of Muni Institutional & Wealth Management at BlackRock from 2006 until he joined the Adviser. Prior to that, Mr. Akinskas was the Private Investors Portfolio Manager at Merrill Lynch Investment Managers from 2005 until he joined BlackRock. Mr. Akinskas received in 2006 a MBA in Finance and Management and in 2002 a BS in Mechanical Engineering from Rutgers University.
David Rossmiller
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. David W. Rossmiller, Managing Director and Head of Fixed Income for Bessemer Investment Management LLC. Mr. Rossmiller joined the firm in May 2010. He was the Global Head of Fixed Income for Deutsche Bank Private Wealth Management from 2003 until he joined Bessemer. Mr. Rossmiller joined Bankers Trust in 1993, which was later acquired by Deutsche Bank in 1999. Mr. Rossmiller attended the University of Michigan from 1975 to 1977, and received a Bachelor of Music in 1980 from the Hartt School of Music and a Master of Public and Private Management in 1985 from Yale University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |