SIMZX — SIM Income Fund
Data updated: 2023-01-18
SIMZX — SIM Income Fund. Bond · $4.83M AUM · 1.69% expense ratio · -4.9% 1-yr return. Holdings, fees, performance and SEC filings.
SIMZX Fund Overview
SIMZX — SIM Income Fund is a US mutual fund managed by World 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: World Funds Trust
- Category: Bond
- Assets under management: $4.83M
- 1-year return: -4.9%
- Ticker: SIMZX
- SEC CIK: 0001396092
- SEC series ID: S000059590
- Share class ID: C000195189
SIMZX Investment Objective and Strategy
SIM Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by World Funds Trust.
Investment objective
The SIM Income Fund (the ?Fund?) seeks to provide yield consistent with preservation of capital, while limiting volatility due to changes in interest rates.
Principal investment strategy
The Fund operates as a ?fund of funds.? As a result, the Fund pursues its investment objective by investing in other investment companies including exchange-traded funds (?ETFs?) (collectively, ?Underlying Funds?) that are advised by Dimensional Fund Advisors LP and that, in turn, invest in short-duration fixed income securities. The Adviser will attempt to construct the Fund?s portfolio with Underlying Funds that emphasize managing interest rate sensitivity risks, minimize drawdowns and overall investment risk, and deliver consistent returns. The ability of the Fund to meet its investment objective is contingent on the ability of the Underlying Funds to meet their investment objectives. The Underlying Funds in which the Fund will invest will invest in a combination of debt securities, including inflation-protected securities, and derivative instruments.
The fixed income securities in which the Underlying Funds will invest will generally be considered investment grade at the time of purchase. The Underlying Funds may invest in inflation protected securities, obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, obligations of other domestic and foreign issuers, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Underlying Funds may also invest a significant portion of their assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and instrumentalities. The Underlying Funds may also purchase derivative instruments or engage in transactions in derivative transactions.
The Adviser will assess the Fund?s allocation in Underlying Funds on an on-going basis to ensure continued alignment of Underlying Fund investment policies with that of the Fund. The Adviser targets maintaining low turnover, however, turnover may increase at any time if the Adviser deems necessary for the Fund?s objective. Derivative instruments/transactions in which the Underlying Funds may invest include swaps, futures contracts and options on futures contracts. The Underlying Funds will generally use the forgoing instruments to hedge against interest rate and/or credit risks. The Underlying Funds may use forward foreign currency contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another.
The Underlying Funds may also may lend their portfolio securities to generate additional income. The Adviser may sell an Underlying Fund for a variety of reasons, such as to invest in another security believed to offer superior investment opportunities. For purposes of complying with the Fund?s investment policies, the Adviser will identify Underlying Funds in which to invest by reference to such Underlying Funds? investment policies at the time of investment. An Underlying Fund that changes its investment policies subsequent to the time of the Fund?s investment may continue to be considered an appropriate investment for purposes of the policy. The Adviser may add new Underlying Funds or replace or eliminate existing Underlying Funds without notice or shareholder approval. The Underlying Funds have been selected to represent what the Adviser believes to be a reasonable spectrum (meaning domestic, international, emerging markets and a variety of market sectors (i.e., healthcare, financial, technology, among others)) of investment options for the Fund.
The Fund may hold cash or invest in short-term paper and other short-term investments (instead of allocating investments to an Underlying Fund) as deemed appropriate by the Adviser. The Fund may engage in active trading of securities which can increase transaction costs (thus lowering overall performance). Underlying Funds in which the Fund invests may invest in derivative instruments.
SIMZX Performance
Total returns for SIMZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.9% |
| 3 years (annualised) | -3.9% |
SIMZX Risk Information
Risk metrics for SIMZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
SIMZX Costs and Fees
SIMZX costs about $169 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.69%
- Gross expense ratio: 5.21%
- Portfolio turnover: 69%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SIMZX Cashflows
Over the 12 months to 2022-01, SIM Income Fund had net outflows of $1.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-01 | −$789.46K |
| 2021-12 | −$151.01K |
| 2021-11 | −$156.36K |
| 2021-10 | −$44.51K |
| 2021-09 | −$52.86K |
| 2021-08 | −$140.61K |
SIMZX Debt Constituents
No individual debt constituents are reported in SIM Income Fund's latest SEC N-PORT filing.
SIMZX Prospectus and SEC Filings
Official SIM Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-03-16
- Prospectus (485BPOS) — filed 2020-03-18
- Prospectus supplement (497) — filed 2021-01-15
- Portfolio holdings (N-PORT) — filed 2022-03-24
- Portfolio holdings (N-PORT) — filed 2021-12-14
- Portfolio holdings (N-PORT) — filed 2021-09-09
- Annual census (N-CEN) — filed 2023-01-18
- Annual census (N-CEN) — filed 2022-01-14
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.