FWSHX Performance — Oakhurst Short Duration High Yield Credit Fund, Institutional Shares
Data updated: 2023-11-07
FWSHX returned +4.05% over one year to Aug 2023. The annualised 3-year return is +1.53%. The fund trailed its International High Yield Bond category average: $100 invested three years ago grew to $105, against $105 for the category, and to $104 over one year, against $106. Volatility over the past three years was 5.44% a year. In the 12 months to Aug 2023 the fund lost a net $21.3M, and assets reached $43.78M.
FWSHX Growth of $100
What $100 invested in Oakhurst Short Duration High Yield Credit Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International High Yield Bond category average over the same months.
| Period | FWSHX | Category average |
|---|---|---|
| 1 year (Sep 2022 – Aug 2023) | $104 | $106 |
| 3 years (Sep 2020 – Aug 2023) | $105 | $105 |
| Since data start (Mar 2020 – Aug 2023) | $111 | $109 |
FWSHX Trailing Returns
Total returns to Aug 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.05% |
| 3 years (annualised) | +1.53% |
FWSHX Annual Returns
Calendar-year total returns of Oakhurst Short Duration High Yield Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Aug) | +5.48% |
| 2022 | −10.03% |
| 2021 | +4.96% |
| 2020 (Mar–Dec) | +11.05% |
FWSHX 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 | +3.0% | −1.1% | +0.2% | +0.7% | −0.6% | +1.4% | +1.2% | +0.7% | — | — | — | — |
| 2022 | −1.4% | −0.6% | −0.4% | −2.1% | −1.8% | −5.4% | +3.1% | −0.4% | −2.4% | +1.5% | +0.2% | −0.6% |
| 2021 | +0.7% | +0.6% | +0.6% | +0.6% | +0.3% | +0.8% | +0.1% | +0.4% | +0.3% | −0.2% | −0.5% | +1.2% |
| 2020 | — | — | −0.1% | 0.0% | 0.0% | +1.1% | +2.8% | +1.7% | +0.3% | +0.4% | +2.9% | +1.4% |
FWSHX Risk
Risk measures from monthly returns over Sep 2020 – Aug 2023.
- 3-year volatility (annualised): 5.44%
- 3-year Sharpe ratio: -0.55 (vs 4.5% risk-free rate)
- Best month: +3.12% (Jul 2022)
- Worst month: −5.36% (Jun 2022)
FWSHX Fund Flows
Monthly money in and out of Oakhurst Short Duration High Yield Credit Fund, from SEC Form N-PORT.
- 12-month net flow: −$21.3M
- 12-month gross sales (incl. reinvestments): $14.2M
- Sales ÷ redemptions: 0.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2023 | $679K | $1.5M | −$777K |
| Jul 2023 | $681K | $4.4M | −$3.8M |
| Jun 2023 | $373K | $1.6M | −$1.2M |
| May 2023 | $1.0M | $3.9M | −$2.9M |
| Apr 2023 | $633K | $6.6M | −$6.0M |
| Mar 2023 | $584K | $1.4M | −$850K |
| Feb 2023 | $1.2M | $1.3M | −$171K |
| Jan 2023 | $694K | $1.2M | −$482K |
| Dec 2022 | $2.6M | $3.7M | −$1.1M |
| Nov 2022 | $3.2M | $3.9M | −$765K |
| Oct 2022 | $1.5M | $1.2M | $256K |
| Sep 2022 | $1.1M | $4.6M | −$3.5M |
FWSHX Assets Under Management
Net assets of Oakhurst Short Duration High Yield Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-08-31 | $43.78M |
| 2023-05-31 | $48.65M |
| 2023-02-28 | $59.13M |
| 2022-11-30 | $61.07M |
| 2022-08-31 | $66.51M |
| 2022-05-31 | $78.36M |
| 2022-02-28 | $92.24M |
| 2021-11-30 | $85.10M |
| 2021-08-31 | $101.43M |
| 2021-05-31 | $81.72M |
| 2021-02-28 | $54.34M |
| 2020-11-30 | $46.70M |
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.