Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX)
The fund invests a majority of its assets in investments in domestic, and U.S. dollar denominated foreign, income-producing securities. These securities are (i) below investment-grade and investment grade fixed income securities, asset-backed securities, hybrid corporate securities that combine equity and debt characteristics such as preferred stocks, bank loans, and U.S. government securities, and (ii) equity securities.
Fund Info
| ISIN | US66538G1711 |
|---|---|
| CUSIP | 66538G171 |
| Issuer | Boyd Watterson |
| Inception Date | Jul 28, 2016 |
| Category | Multisector Bonds |
| Min. Investment | $5,000,000 |
| Asset Class | Bond |
Expense Ratio
BWDTX has a high expense ratio of 0.40%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: BWDTX vs. RCTIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Boyd Watterson Limited Duration Enhanced Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Boyd Watterson Limited Duration Enhanced Income Fund had a return of 2.12% year-to-date (YTD) and 8.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.12% | 9.49% |
| 1 month | 0.61% | 1.20% |
| 6 months | 5.24% | 18.29% |
| 1 year | 8.60% | 26.44% |
| 5 years (annualized) | 3.79% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of BWDTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.82% | 0.20% | 0.88% | -0.41% | 2.12% | ||||||||
| 2023 | 2.02% | -0.31% | 0.68% | 0.95% | 0.10% | 0.71% | 0.94% | 0.52% | 0.05% | -0.31% | 2.31% | 1.79% | 9.80% |
| 2022 | -0.99% | -0.80% | -0.62% | -1.33% | -0.41% | -2.35% | 2.26% | -0.11% | -1.79% | 0.97% | 1.61% | 0.46% | -3.16% |
| 2021 | 0.29% | -0.10% | 0.11% | 0.40% | 0.20% | 0.53% | 0.20% | 0.29% | 0.04% | -0.10% | -0.39% | 0.82% | 2.32% |
| 2020 | 0.50% | 0.10% | -6.14% | 3.30% | 1.96% | 1.23% | 1.71% | 0.50% | -0.10% | 0.30% | 1.09% | 0.42% | 4.66% |
| 2019 | 2.28% | 0.71% | 0.65% | 0.61% | 0.30% | 1.05% | 0.30% | 0.70% | 0.14% | 0.40% | 0.30% | 0.24% | 7.94% |
| 2018 | 0.20% | -0.40% | -0.07% | 0.20% | 0.10% | 0.03% | 0.61% | 0.50% | 0.31% | -0.70% | -0.30% | -0.97% | -0.51% |
| 2017 | 0.30% | 0.30% | 0.16% | 0.70% | 0.40% | 0.33% | 0.50% | 0.20% | 0.36% | 0.50% | 0.00% | 0.26% | 4.08% |
| 2016 | 0.00% | 0.60% | 0.29% | 0.10% | -0.30% | 0.36% | 1.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BWDTX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Boyd Watterson Limited Duration Enhanced Income Fund granted a 5.59% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.54 | $0.36 | $0.32 | $0.32 | $0.35 | $0.40 | $0.29 | $0.13 |
Dividend yield | 5.59% | 5.51% | 3.80% | 3.20% | 3.18% | 3.47% | 4.18% | 2.90% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Boyd Watterson Limited Duration Enhanced Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | |||||||
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.32 |
| 2020 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.32 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.40 |
| 2017 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.29 |
| 2016 | $0.05 | $0.00 | $0.00 | $0.09 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Boyd Watterson Limited Duration Enhanced Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Boyd Watterson Limited Duration Enhanced Income Fund was 10.06%, occurring on Mar 24, 2020. Recovery took 63 trading sessions.
The current Boyd Watterson Limited Duration Enhanced Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.06% | Mar 5, 2020 | 14 | Mar 24, 2020 | 63 | Jun 23, 2020 | 77 |
| -6.35% | Jan 4, 2022 | 123 | Jun 30, 2022 | 206 | Apr 28, 2023 | 329 |
| -2.17% | Oct 4, 2018 | 57 | Dec 26, 2018 | 22 | Jan 29, 2019 | 79 |
| -0.89% | Sep 21, 2023 | 21 | Oct 19, 2023 | 10 | Nov 2, 2023 | 31 |
| -0.79% | Oct 26, 2016 | 14 | Nov 14, 2016 | 34 | Jan 4, 2017 | 48 |
Volatility
Volatility Chart
The current Boyd Watterson Limited Duration Enhanced Income Fund volatility is 0.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.