FWFIX — Oakhurst Fixed Income Fund

Data updated: 2023-11-07

FWFIX — Oakhurst Fixed Income Fund. Bond · $115.41M AUM · 0.60% expense ratio · -0.6% 1-yr return. Holdings, fees, performance and SEC filings.

FWFIX Fund Overview

FWFIX — Oakhurst Fixed Income Fund is a US mutual fund managed by First Western Funds Trust, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: First Western Funds Trust
Category: Bond
Assets under management: $115.41M
1-year return: -0.6%
Ticker: FWFIX
SEC CIK: 0001546416
SEC series ID: S000037521
Share class ID: C000115827

FWFIX Investment Objective and Strategy

Oakhurst Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Western Funds Trust.

Investment objective

"The investment objective of the First Western Fixed Income Fund (the ""Fixed Income Fund"" or the ""Fund"") is total return."

Principal investment strategy

"The Fixed Income Fund seeks to achieve its investment objective of total return by investing primarily in a diversified portfolio of investment grade fixed-income securities that the Adviser believes offer the potential for capital appreciation and current income. Total return for the Fund will consist of income, dividends and capital appreciation. The Fund's investments may include various types of fixed-income securities, including those issued by the U.S. Government and its agencies, domestic and foreign corporate bonds, convertible securities, mortgage-backed and other asset-backed securities and collateralized mortgage obligations. Mortgage-backed securities include securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, as well as by non-governmental issuers such as commercial banks, savings and loan institutions, mortgage bankers, other private issuers, and private mortgage insurance companies.

Normally, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in investment grade fixed-income securities. Investment grade fixed-income securities are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency or unrated securities that the Adviser considers to be of comparable quality. The Fund may invest up to 20% of its net assets in non-investment grade fixed income securities (hereafter referred to as ""junk bonds"" or ""high yield securities""). The Fund has adopted an investment policy to concentrate its investments in agency and non-agency mortgage-backed securities. This means the Fund will invest at least 25% of its total assets in agency and non-agency mortgage-backed securities.

From time to time the Fund may emphasize investment in other particular sectors of the fixed income market. The Fund may also invest in thinly traded securities that are privately placed but eligible for purchase and sale by certain qualified institutional buyers (such as the Fund) under Rule 144A of the Securities Act of 1933. The Adviser attempts to maximize the Fund's total return by actively managing the Fund's average maturity, sector weightings, and specific security holdings. In constructing the portfolio, the Adviser applies a disciplined maturity adjustment strategy that attempts to identify long-term interest rate trend patterns. If the Adviser perceives that a change in interest rates represents a long-term interest rate trend rather than a short-term swing, the Adviser will adjust the Fund's average maturity.

The Fund's average maturity will depend on the Adviser's assessment of both the relative yields available on securities with differing maturities and future changes in interest rates. While the Adviser may take advantage of the entire range of fixed-income maturities, the Fund's minimum and maximum dollar-weighted average maturity, which is the average of all the current maturities of the bonds held in the Fund, will generally range from 90 days up to 10 years. The Fund's dollar-weighted average maturity will be actively monitored and adjusted based on the Adviser's view of interest rate trends. The Adviser may sell a security based upon its assessment of interest rate trends or when more attractive opportunities become available."

FWFIX Performance

Total returns for FWFIX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-0.6%
3 years (annualised)	-3.4%

FWFIX Risk Information

Risk metrics for FWFIX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 6.4%

FWFIX Costs and Fees

FWFIX costs about $60 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.60%
Gross expense ratio: 0.84%
Portfolio turnover: 48%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

FWFIX Cashflows

Over the 12 months to 2023-08, Oakhurst Fixed Income Fund had net inflows of $525.23K, from monthly SEC N-PORT filings.

Month	Net flow
2023-08	−$117.62K
2023-07	−$2.88M
2023-06	$82.63K
2023-05	−$92.86K
2023-04	−$829.05K
2023-03	−$1.44M

FWFIX Debt Constituents

No individual debt constituents are reported in Oakhurst Fixed Income Fund's latest SEC N-PORT filing.

FWFIX Prospectus and SEC Filings

Official Oakhurst Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.