Mutual Fund Insights: Old Westbury Municipal Bond Fund (OWMBX)

In-depth Analysis of Old Westbury Municipal Bond Fund (OWMBX)

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See Old Westbury Municipal Bond Fund (OWMBX) performance details as of February 28, 2010

  

Last Trade: $12.00 on 3/19/2010, Change: +0.01 (0.08%)

  

Fund Manager - Bruce A. Whiteford

Fund Manager Tenure: 12.0 years
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)

Bruce A. Whiteford serves as senior vice president and portfolio manager with Bessemer Trust, his employer since 1996. Prior to joining Bessemer, Whiteford oversaw $5 billion in fixed income investments as Vice President, Manager--U.S. Fixed Income Funds Group, Chase Asset Management, a division of Chase Manhattan Bank, N.A.  Get more insights on Bruce A. Whiteford

  

 What we like about Old Westbury Municipal Bond Fund (OWMBX)

Data for Old Westbury Municipal Bond Fund (OWMBX) as of February 28, 2010

• Old Westbury Municipal Bond Fund (OWMBX) management has been with Old Westbury Municipal Bond Fund for 12.0 years
• Old Westbury Municipal Bond Fund (OWMBX) has good mid-term performance (3-year return 5.28% vs 4.00 % Muni National Interm category average)
• Old Westbury Municipal Bond Fund (OWMBX) has good Long-term performance (5-year return 4.41% vs 3.70 % Muni National Interm category average)
• Old Westbury Municipal Bond Fund (OWMBX) ratio of up-years vs down years is greater than 2
• Old Westbury Municipal Bond Fund (OWMBX) has an annual stock turnover rate of 10.00% vs Muni National Interm average of 42.33%. It is good that Old Westbury Municipal Bond management does not trade extensively for its return.
• Old Westbury Municipal Bond Fund (OWMBX) has a lower management fee than its Muni National Interm average: 0.69% vs 0.90%
• Old Westbury Municipal Bond Fund (OWMBX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Old Westbury Municipal Bond Fund (OWMBX)

Data for Old Westbury Municipal Bond Fund (OWMBX) as of February 28, 2010

• Old Westbury Municipal Bond Fund (OWMBX) has a less-than-ideal short-term performance (1-year return 6.90% vs 9.19 % Muni National Interm category average)
• Old Westbury Municipal Bond Fund (OWMBX) has a Morningstar rating of 3 and below
• Old Westbury Municipal Bond Fund (OWMBX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.05 that is higher than category average of 5.39

See Old Westbury Municipal Bond Fund (OWMBX) performance details as of February 28, 2010

  

  

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Old Westbury Municipal Bond Fund (OWMBX) Net Asset

Track net asset change of Old Westbury Municipal Bond fund (OWMBX)

Date	Net Asset
02/2010	$622.15M
01/2010	$577.01M
11/2009	$554.36M

More historic net asset information on Old Westbury Municipal Bond Fund (OWMBX)

  

Old Westbury Municipal Bond Fund (OWMBX) Portfolio Allocation

Track portfolio allocation change of Old Westbury Municipal Bond fund (OWMBX)

Date	Cash	Stock	Bond	Other
10/2009	4.33%	0%	95.67%	0%
07/2009	4.6%	0%	95.4%	0%
04/2009	4.61%	0%	95.39%	0%

Click here to see more historic asset allocation information on Old Westbury Municipal Bond Fund (OWMBX)

  

Most Recent Top 10 Holdings in Old Westbury Municipal Bond Fund (OWMBX)

Discover what Old Westbury Municipal Bond Fund (OWMBX) manager is buying

31-Oct-09 SEI Daily Income Government II A [4.32%] California St Econ Recover Economic 5% [2.27%] Florida St Brd Ed Pub Ed Pub Ed Ca 5% [2.04%] King Cnty Was Sch Dist 5% [1.78%] Florida St Brd Ed Lottery Rev Rev B 5.5% [1.68%] Los Angeles Cnty Calif Met Tra Sales 5% [1.61%] New York St Twy Auth 5% [1.43%] Southwest Tex Indpt Sch Dist 5% [1.34%] New York St Dorm Auth 5% [1.24%] Texas St G O Bds 5% [1.21%]

31-Jul-09 SEI Daily Income Government II A [4.58%] Florida St Brd Ed Pub Ed Pub Ed Ca 5% [2.52%] King Cnty Was Sch Dist 5% [2.13%] Southwest Tex Indpt Sch Dist 5% [1.63%] New Jersey Sports & Exposition State 5% [1.27%] New York St Urban Dev Corp Rev Svc 5.5% [1.26%] California St Pub Wks Brd Leas Lease 5% [1.25%] New York St Twy Auth 5% [1.23%] New Jersey Econ Dev Auth 5.5% [1.22%] Belton Tex Indpt Sch Dist 4.75% [1.14%]

30-Apr-09 SEI Daily Income Government II A [4.59%] Florida St Brd Ed Pub Ed Pub Ed Ca 5% [3.38%] Southwest Tex Indpt Sch Dist 5% [2.2%] California St Pub Wks Brd Leas Lease 5% [1.75%] New Jersey Sports & Exposition State 5% [1.71%] Austin Tex Indpt Sch Dist 5% [1.51%] New York St Urban Dev Corp Rev Rev Bd 5% [1.49%] Engy Northwest Wash Elec Rev Elec 5% [1.46%] ALDINE TEX INDPT SCH DIST SCH BLDG [1.42%] Socorro Tex Indpt Sch Dist 5% [1.39%]

Click here for Stock Holding Change Map in Old Westbury Municipal Bond Fund (OWMBX)

  

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Latest News on Old Westbury Municipal Bond (OWMBX)

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See more information on Old Westbury Municipal Bond Fund (OWMBX)

• Old Westbury Municipal Bond Fund Insights
• Old Westbury Municipal Bond Fund Performance Data
• Old Westbury Municipal Bond Fund News
• Old Westbury Municipal Bond Fund Score Explaination
• Old Westbury Municipal Bond Fund Manager Information
• Historic Old Westbury Municipal Bond Fund Asset Allocation Report
• Historic Old Westbury Municipal Bond Fund Top 10 Holding Tracking
• Historic Old Westbury Municipal Bond Fund Asset Under Management Tracking