Old Westbury Credit Income Fund (OWCIX)
The fund primarily invests in credit instruments and derivatives linked to credit instruments, including short exposure, with no limits on high-yield bonds. It may also invest in debt instruments of any credit rating and is non-diversified.
Fund Info
| Issuer | Old Westbury |
|---|---|
| Inception Date | Sep 30, 2020 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
OWCIX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Old Westbury Credit 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
Old Westbury Credit Income Fund had a return of 4.78% year-to-date (YTD) and 10.30% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.78% | 18.13% |
| 1 month | 0.98% | 1.45% |
| 6 months | 5.83% | 8.81% |
| 1 year | 10.30% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of OWCIX, 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 | -0.49% | -0.62% | 1.00% | -2.75% | 1.67% | 1.35% | 2.28% | 1.49% | 4.78% | ||||
| 2023 | 3.48% | -1.92% | 1.28% | 0.73% | -0.97% | 0.47% | -0.12% | -0.74% | -2.90% | -2.35% | 4.94% | 4.73% | 6.42% |
| 2022 | -2.18% | -1.52% | -1.94% | -4.35% | -0.66% | -2.51% | 2.55% | -2.15% | -4.50% | -2.21% | 3.01% | -0.80% | -16.20% |
| 2021 | -0.39% | -1.08% | -0.71% | 1.11% | 0.60% | 1.52% | 1.09% | 0.29% | -0.79% | 0.89% | 0.10% | 0.14% | 2.77% |
| 2020 | -0.10% | 2.10% | 1.16% | 3.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OWCIX is 27, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Old Westbury Credit Income Fund (OWCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Old Westbury Credit Income Fund granted a 4.19% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.35 | $0.44 | $0.43 | $0.39 | $0.11 |
Dividend yield | 4.19% | 5.44% | 5.30% | 3.91% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Old Westbury Credit 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 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.23 | |||
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.39 |
| 2020 | $0.11 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Old Westbury Credit 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 Old Westbury Credit Income Fund was 19.92%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Old Westbury Credit Income Fund drawdown is 7.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.92% | Nov 10, 2021 | 488 | Oct 19, 2023 | — | — | — |
| -2.85% | Feb 12, 2021 | 24 | Mar 18, 2021 | 57 | Jun 9, 2021 | 81 |
| -1.86% | Sep 23, 2021 | 13 | Oct 11, 2021 | 19 | Nov 5, 2021 | 32 |
| -0.88% | Jan 5, 2021 | 5 | Jan 11, 2021 | 9 | Jan 25, 2021 | 14 |
| -0.88% | Aug 5, 2021 | 5 | Aug 11, 2021 | 8 | Aug 23, 2021 | 13 |
Volatility
Volatility Chart
The current Old Westbury Credit Income Fund volatility is 1.97%, 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.