Old Westbury Municipal Bond

Frequently Asked Questions About OWMBX

What does OWMBX invest in?

This fund's primary strategy involves allocating a minimum of 80% of its net assets, inclusive of investment-related borrowings, to securities that generate income exempt from federal income tax. However, investors should note that this income is not guaranteed to be exempt from the federal alternative minimum tax. A key component of this strategy, implemented as a flexible policy, is the investment of at least 80% of these total assets specifically in municipal bonds.

What is the expense ratio of OWMBX?

Old Westbury Municipal Bond (OWMBX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.

What is OWMBX's dividend yield?

OWMBX's trailing-twelve-month yield is 2.64%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OWMBX?

Effective duration measures OWMBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OWMBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OWMBX?

OWMBX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of OWMBX?

Yield to maturity (YTM) is the total return you'd earn from OWMBX if every bond in the portfolio is held to maturity at the current price. OWMBX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.