Old Westbury Municipal Bond Fund (OWMBX)
The fund invests at least 80% of its net assets plus investment borrowings 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, at least 80% of its net assets, plus borrowings for investment purposes, in municipal bonds. The fund also may invest in exchange-traded funds ("ETFs").
Fund Info
| ISIN | US6804145059 |
|---|---|
| Issuer | Old Westbury |
| Inception Date | Mar 5, 1998 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
OWMBX features an expense ratio of 0.57%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Old Westbury Municipal Bond 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 Municipal Bond Fund had a return of 0.55% year-to-date (YTD) and 4.91% in the last 12 months. Over the past 10 years, Old Westbury Municipal Bond Fund had an annualized return of 1.32%, while the S&P 500 had an annualized return of 11.41%, indicating that Old Westbury Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.55% | 25.70% |
| 1 month | -0.52% | 3.51% |
| 6 months | 1.34% | 14.80% |
| 1 year | 4.91% | 37.91% |
| 5 years (annualized) | 0.80% | 14.18% |
| 10 years (annualized) | 1.32% | 11.41% |
Monthly Returns
The table below presents the monthly returns of OWMBX, 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 | -0.17% | -0.17% | -0.18% | -0.95% | -0.53% | 1.15% | 0.88% | 0.96% | 0.63% | -1.38% | 0.55% | ||
| 2023 | 2.10% | -2.14% | 2.09% | -0.35% | -0.95% | 0.49% | 0.09% | -0.79% | -1.92% | -0.54% | 4.08% | 1.98% | 4.03% |
| 2022 | -2.29% | -0.42% | -2.26% | -1.81% | 1.32% | -0.62% | 1.92% | -1.80% | -2.50% | -0.27% | 3.06% | 0.33% | -5.39% |
| 2021 | 0.16% | -1.35% | 0.09% | 0.57% | 0.08% | 0.07% | 0.56% | -0.24% | -0.75% | -0.24% | 0.41% | 0.04% | -0.63% |
| 2020 | 1.30% | 0.72% | -1.69% | -0.33% | 2.78% | 0.06% | 1.85% | -0.32% | -0.04% | -0.40% | 0.80% | 0.23% | 5.01% |
| 2019 | 0.93% | 0.34% | 0.92% | 0.08% | 1.16% | 0.36% | 0.74% | 0.98% | -0.88% | 0.16% | 0.08% | 0.25% | 5.23% |
| 2018 | -0.84% | -0.34% | 0.08% | -0.43% | 0.86% | 0.09% | 0.34% | 0.00% | -0.47% | -0.34% | 0.95% | 0.99% | 0.87% |
| 2017 | 0.34% | 0.42% | 0.12% | 0.68% | 1.01% | -0.47% | 0.50% | 0.50% | -0.62% | -0.00% | -0.84% | 0.57% | 2.22% |
| 2016 | 1.08% | 0.17% | -0.10% | 0.50% | -0.08% | 1.03% | 0.08% | -0.08% | -0.25% | -0.66% | -2.73% | 0.75% | -0.35% |
| 2015 | 1.51% | -0.99% | 0.14% | -0.33% | -0.34% | 0.00% | 0.42% | 0.17% | 0.57% | 0.33% | 0.00% | 0.36% | 1.84% |
| 2014 | 0.93% | 0.59% | -0.62% | 0.59% | 0.50% | -0.12% | 0.17% | 0.50% | -0.14% | 0.17% | -0.00% | 0.03% | 2.61% |
| 2013 | 0.08% | 0.25% | -0.22% | 0.58% | -1.15% | -1.58% | 0.08% | -0.59% | 1.17% | 0.59% | -0.25% | -0.29% | -1.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OWMBX is 35, 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 Municipal Bond Fund (OWMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Old Westbury Municipal Bond Fund provided a 2.43% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.23 | $0.13 | $0.11 | $0.26 | $0.17 | $0.17 | $0.14 | $0.13 | $0.16 | $0.14 | $0.16 |
Dividend yield | 2.43% | 2.01% | 1.15% | 0.90% | 2.03% | 1.35% | 1.45% | 1.19% | 1.14% | 1.30% | 1.16% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Old Westbury Municipal Bond 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 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.21 | |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.11 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.11 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.26 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.17 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.14 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.13 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2014 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.14 |
| 2013 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.16 |
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 Municipal Bond 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 Municipal Bond Fund was 9.54%, occurring on Oct 15, 2008. Recovery took 56 trading sessions.
The current Old Westbury Municipal Bond Fund drawdown is 1.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.54% | Jan 24, 2008 | 184 | Oct 15, 2008 | 56 | Jan 6, 2009 | 240 |
| -9.44% | Feb 16, 2021 | 428 | Oct 25, 2022 | — | — | — |
| -8.83% | Mar 10, 2020 | 9 | Mar 20, 2020 | 77 | Jul 10, 2020 | 86 |
| -7.42% | Feb 1, 1999 | 192 | Oct 26, 1999 | 201 | Aug 10, 2000 | 393 |
| -6.09% | Mar 11, 2004 | 45 | May 13, 2004 | 113 | Oct 25, 2004 | 158 |
Volatility
Volatility Chart
The current Old Westbury Municipal Bond Fund volatility is 1.17%, 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.