WNYIX: Wilmington New York Municipal Bond Instl

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WNYIX Wilmington New York Municipal Bond Instl


Profile

WNYIX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $65.1 M
  • Holdings in Top 10 37.8%

52 WEEK LOW AND HIGH

$10.59
$9.71
$10.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Intermediate

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Wilmington New York Municipal Bond Fund
  • Fund Family Name
    Wilmington Funds
  • Inception Date
    Aug 18, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Malloy

Fund Description

The fund seeks to achieve its investment goal, under normal circumstances, by investing its net assets so that at least 80% of the income it distributes will be exempt from federal regular income tax and personal income tax imposed by the State of New York and New York municipalities. It generally invests in investment grade municipal securities. The fund seeks to maintain a weighted average maturity of three to ten years. It is non-diversified.


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Categories

Performance

WNYIX - Performance

Return Ranking - Trailing

Period WNYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -34.3% 29.6% 48.72%
1 Yr -0.7% -35.5% 37.3% 63.79%
3 Yr -0.3%* -18.6% 15.9% 57.14%
5 Yr -0.2%* -13.9% 58.5% 71.43%
10 Yr N/A* -5.6% 25.9% 5.61%

* Annualized

Return Ranking - Calendar

Period WNYIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -5.9% 31.0% 78.95%
2018 -2.3% -48.9% 0.0% 19.80%
2017 0.2% -23.4% 50.3% 71.11%
2016 -3.2% -27.9% 900.0% 92.21%
2015 0.6% -28.9% 6.6% 9.72%

Total Return Ranking - Trailing

Period WNYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -33.7% 29.6% 48.72%
1 Yr -0.7% -33.0% 43.5% 63.79%
3 Yr -0.3%* -18.6% 23.4% 74.49%
5 Yr -0.2%* -10.3% 58.5% 81.82%
10 Yr N/A* -4.1% 25.9% 7.48%

* Annualized

Total Return Ranking - Calendar

Period WNYIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -5.9% 31.0% 78.95%
2018 -2.3% -48.9% 3.1% 22.77%
2017 0.2% -23.4% 50.3% 73.33%
2016 -3.2% -10.3% 900.0% 97.40%
2015 0.6% -26.7% 8.0% 12.50%

NAV & Total Return History


Holdings

WNYIX - Holdings

Concentration Analysis

WNYIX Category Low Category High WNYIX % Rank
Net Assets 65.1 M 3.03 M 8.62 B 76.27%
Number of Holdings 48 8 3324 50.42%
Net Assets in Top 10 24.3 M 939 K 8.63 B 75.63%
Weighting of Top 10 37.83% 12.6% 98.1% 52.81%

Top 10 Holdings

  1. PORT AUTH N Y & N J 5% 5.32%
  2. NEW YORK ST DORM AUTH REVS 5.75% 5.13%
  3. Dreyfus Government Cash Mgmt Instl 4.31%
  4. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 3.83%
  5. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 3.58%
  6. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.5% 3.41%
  7. NEW YORK ST MTG AGY HOMEOWNER MTG REV 3.5% 3.40%
  8. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 1.75% 3.16%
  9. NEW YORK ST DORM AUTH REVS ST SUPPORTED DEBT 5% 2.90%
  10. SYRACUSE N Y INDL DEV AGY SCH FAC REV 5% 2.77%

Asset Allocation

Weighting Return Low Return High WNYIX % Rank
Bonds
95.69% 0.00% 97.47% 4.20%
Cash
4.31% -0.03% 88.83% 28.57%
Stocks
0.00% -0.01% 100.03% 92.44%
Preferred Stocks
0.00% 0.00% 3.12% 80.67%
Other
0.00% 0.00% 12.13% 89.08%
Convertible Bonds
0.00% 0.00% 28.07% 87.39%

Bond Sector Breakdown

Weighting Return Low Return High WNYIX % Rank
Municipal
95.69% 0.00% 95.69% 1.68%
Cash & Equivalents
4.31% 1.37% 100.00% 97.48%
Derivative
0.00% 0.00% 5.59% 75.63%
Securitized
0.00% 0.00% 35.17% 86.55%
Corporate
0.00% 0.00% 90.28% 88.24%
Government
0.00% 0.00% 95.29% 89.92%

Bond Geographic Breakdown

Weighting Return Low Return High WNYIX % Rank
US
95.69% 0.00% 95.69% 1.68%
Non US
0.00% 0.00% 96.11% 87.39%

Expenses

WNYIX - Expenses

Operational Fees

WNYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.09% 8.55% 44.92%
Management Fee 0.45% 0.05% 1.75% 51.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.24% 18.97%

Sales Fees

WNYIX 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 1.00% 1.00% N/A

Trading Fees

WNYIX 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.

WNYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 438.00% 69.37%

Distributions

WNYIX - Distributions

Dividend Yield Analysis

WNYIX Category Low Category High WNYIX % Rank
Dividend Yield 0.00% 0.00% 18.67% 80.17%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WNYIX Category Low Category High WNYIX % Rank
Net Income Ratio 1.68% -2.13% 4.20% 61.02%

Capital Gain Distribution Analysis

WNYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

WNYIX - Fund Manager Analysis

Managers

John Malloy


Start Date

Tenure

Tenure Rank

Mar 12, 2012

8.48

8.5%

John J. Malloy, Jr., Vice President and Senior Municipal Bond Portfolio Manager, is responsible for managing tax exempt assets. He uses key rate duration to provide the client’s portfolio with the interest rate exposure of the proper benchmark index. He also conducts continual yield curve and volatility analyses in order to maximize total return and minimize risk across his municipal fixed income portfolios. John joined Wilmington Trust in 2006, specializing in municipal bond trading and portfolio management. Earlier in his career, he was a senior fixed income trader at The Vanguard Group. He holds an MBA in Finance from Saint Joseph’s University and a bachelor’s degree in Business Administration from Arcadia University.

Daniel Scholl


Start Date

Tenure

Tenure Rank

Aug 31, 2019

1.0

1.0%

Dan Scholl, CFA is an Administrative Vice President and Head of Municipal Fixed Income for WTIA, leading the team responsible for municipal fixed income investing as part of WTIA’s Fixed Income Group. In this role he will lead the municipal group in portfolio management, credit surveillance and work in collaboration with the internal sales partners in the field. Dan brings more than 30 years’ experience in the fixed income and municipal markets, including leadership positions in asset management and the public sector. Prior to joining Wilmington Trust in 2019 he served as co-head of tax-exempt fixed income at Schroder Investment Management since 2003. As a member of the global fixed income investment and management committees, Dan was responsible for over $130B in assets. Previous roles include director and senior portfolio manager for municipal fixed income for Morgan Grenfell Asset management and Deutsche Asset Management. He holds a M.G.A from the University of Pennsylvania in Government Administration and a B.A. from Ursinus College in Political Science and Finance.

Jason Hannon


Start Date

Tenure

Tenure Rank

Aug 31, 2019

1.0

1.0%

Jason Hannon, CFA, is Vice President, Head of Municipal Strategy and Senior Portfolio Manager for WTIA . He plays a critical role in assessing market structure and guiding the risk measurement and research process. Most recently, Jason was a vice president at New York Private Bank & Trust/Emigrant Bank where he oversaw the municipal, MBS and treasury portfolios for separately managed accounts and the Bank’s Capital Markets Group. Previous roles include senior trader at Arbor Research & Trading and Vanguard. He holds a B.S. in Finance from the Pennsylvania State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 26.8 5.56 0.25