BWDAX Performance — Boyd Watterson Limited Duration Enhanced Income Fund, Class A
Data updated: 2026-09-11
BWDAX returned +9.31% over one year to Dec 2023. Over one year the fund beat its Short-Term Core Bond category average: $100 grew to $109, against $107 for the category. Volatility over the past 12 months was 3.07% a year. In the 12 months to Jun 2026 the fund took in a net $56.6M, and assets reached $590.93M.
BWDAX Growth of $100
What $100 invested in Boyd Watterson Limited Duration Enhanced Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Core Bond category average over the same months.
| Period | BWDAX | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $109 | $107 |
| 3 years (Jan 2021 – Dec 2023) | $108 | $101 |
| Since data start (Jan 2020 – Dec 2023) | $112 | $105 |
BWDAX Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +9.31% |
3- and 5-year figures withheld: too few months to verify.
BWDAX Annual Returns
Calendar-year total returns of Boyd Watterson Limited Duration Enhanced Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +9.31% |
| 2022 | −3.55% |
| 2021 | +1.99% |
| 2020 | +4.06% |
BWDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +1.9% | −0.3% | +0.6% | +1.0% | 0.0% | +0.8% | +0.9% | +0.5% | −0.1% | −0.3% | +2.3% | +1.7% |
| 2022 | −1.0% | −0.9% | −0.6% | −1.3% | −0.4% | −2.4% | +2.2% | −0.1% | −1.8% | +0.9% | +1.6% | +0.4% |
| 2021 | +0.3% | −0.1% | +0.1% | +0.4% | +0.2% | +0.5% | +0.1% | +0.3% | +0.1% | −0.2% | −0.4% | +0.8% |
| 2020 | +0.4% | +0.1% | −6.2% | +3.2% | +2.0% | +1.2% | +1.6% | +0.5% | −0.2% | +0.3% | +1.0% | +0.4% |
BWDAX Risk
Risk measures from monthly returns over Jan 2023 – Dec 2023.
- 1-year volatility (annualised): 3.07%
- Best month: +2.34% (Nov 2023)
- Worst month: −0.32% (Feb 2023)
BWDAX Fund Flows
Monthly money in and out of Boyd Watterson Limited Duration Enhanced Income Fund, from SEC Form N-PORT.
- 12-month net flow: $56.6M
- 12-month gross sales (incl. reinvestments): $161.3M
- Sales ÷ redemptions: 1.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $26.0M | $12.4M | $13.5M |
| May 2026 | $7.9M | $4.2M | $3.6M |
| Apr 2026 | $25.9M | $16.6M | $9.3M |
| Mar 2026 | $15.8M | $2.3M | $13.6M |
| Feb 2026 | $6.7M | $1.5M | $5.2M |
| Jan 2026 | $18.2M | $9.0M | $9.2M |
| Dec 2025 | $14.0M | $2.3M | $11.7M |
| Nov 2025 | $5.2M | $2.3M | $2.9M |
| Oct 2025 | $8.1M | $3.2M | $4.9M |
| Sep 2025 | $12.6M | $21.3M | −$8.7M |
| Aug 2025 | $5.8M | $13.7M | −$8.0M |
| Jul 2025 | $15.1M | $16.0M | −$822K |
BWDAX Assets Under Management
Net assets of Boyd Watterson Limited Duration Enhanced Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $590.93M |
| 2026-03-31 | $562.46M |
| 2025-12-31 | $540.15M |
| 2025-09-30 | $520.68M |
| 2025-06-30 | $535.82M |
| 2025-03-31 | $511.57M |
| 2024-12-31 | $497.65M |
| 2024-09-30 | $470.98M |
| 2024-06-30 | $446.52M |
| 2024-03-31 | $396.76M |
| 2023-12-31 | $361.45M |
| 2023-09-30 | $347.19M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.