WAMBX — WSTCM Credit Select Risk - Managed Fund
Data updated: 2024-12-04
WAMBX — WSTCM Credit Select Risk - Managed Fund. United States Multi-Cap / All-Cap Equity · $136.11M AUM. Holdings, fees, performance and SEC filings.
WAMBX Fund Overview
WAMBX — WSTCM Credit Select Risk - Managed Fund is a US mutual fund managed by WST Investment Trust, categorised as United States Multi-Cap / All-Cap Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: WST Investment Trust
- Category: United States Multi-Cap / All-Cap Equity
- Assets under management: $136.11M
- 1-year return: 5.5%
- Ticker: WAMBX
- SEC CIK: 0001580350
- SEC series ID: S000046497
- Share class ID: C000145191
WAMBX Investment Objective and Strategy
WSTCM Credit Select Risk - Managed Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by WST Investment Trust.
Investment objective
"The investment objective of the WSTCM Credit Select Risk-Managed Fund (the ""Credit Select RM Fund"") is to seek total return from income and capital appreciation."
Principal investment strategy
"The Credit Select RM Fund is a ""fund of funds."" The term ""fund of funds"" is typically used to describe mutual funds, such as the Credit Select RM Fund, whose primary investment strategy involves investing in other investment companies, such as ETFs and other mutual funds (e.g. open end and closed end mutual funds). To achieve its investment objective, the Credit Select RM Fund will generally invest in a combination of (i) U.S. high-yield debt securities (commonly known as ""junk"" bonds, and referred to herein as ""High-Yield Securities"") and (ii) U.S. investment grade debt securities and U.S. Treasury debt obligations (collectively, ""Investment Grade Securities""). Debt securities are also known as fixed income securities. The Credit Select RM Fund defines High-Yield Securities as those rated lower than Baa by Moody's Investors Service, Inc.
(""Moody's"") or lower than BBB by S&P Global Ratings Group (""S&P"") or Fitch Ratings, Inc. (""Fitch"") and defines Investment Grade Securities as those rated Baa or better by Moody's or BBB or better by S&P or Fitch or, if securities are unrated, as determined by the Advisor to be of similar credit quality. Although the Credit Select RM Fund may invest directly in debt securities, it will primarily invest in such securities indirectly through ETFs, open end and closed end mutual funds, and/or baskets of securities (i.e. pre-selected groups of securities that are related by index or sector and made available through certain brokers at a discounted brokerage rate) that each invest primarily in debt securities. The Advisor allocates assets between High-Yield Securities and Investment Grade Securities using a proprietary quantitative model, its ""Credit Select Risk-Managed Strategy."" This strategy employs a combination of short-, intermediate- and long-term trend-following techniques to identify periods of favorable or unfavorable market conditions for High-Yield Securities.
In allocating portfolio investments between High-Yield Securities and Investment Grade Securities, the Advisor may consider multiple factors, including those related to credit, duration, Federal Reserve policy and the Advisor's expectations for the future course of interest rates and the then-prevailing price and yield levels in the debt market. Normally, the investment universe for the Credit Select Risk-Managed Strategy is comprised of approximately 10 to 20 ETFs that invest in High-Yield Securities and 5 to 10 ETFs that invest in Investment Grade Securities that are selected by the Advisor. The Advisor selects securities for their potential for interest income, capital appreciation, or both. The Credit Select RM Fund invests without restriction as to issuer credit quality, capitalization or security maturity.
Under normal circumstances, at least 80% of the Credit Select RM Fund's net assets (including the amount of any borrowings for investment purposes) will be invested directly or indirectly in U.S. bonds. The Credit Select RM Fund shareholders will be provided with at least 60 days' prior notice of any change to the foregoing policy. The Credit Select RM Fund's investment allocations, determined by the Credit Select Risk-Managed Strategy, may change frequently and as a result, the Fund expects to engage in frequent portfolio transactions that will likely result in higher portfolio turnover than other mutual funds. Portfolio turnover is a ratio that indicates how often the securities in a mutual fund's portfolio change during the year. A higher portfolio turnover rate indicates a greater number of changes.
Under normal circumstances, the anticipated portfolio turnover rate for the Credit Select RM Fund is expected to be significantly greater than 100%."
WAMBX Holdings
Top 8 holdings of WSTCM Credit Select Risk - Managed Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| DBX ETF Trust | 25.22% |
| SPDR Series Trust | 25.12% |
| Invesco Exchange Traded Fund Trust II | 19.56% |
| SPDR Series Trust | 12.51% |
| iShare Trust | 12.51% |
| Fidelity Institutional Cash Portfolios | 1.74% |
| First American Funds Inc. | 1.69% |
| Short-Term Invts T | 1.69% |
WAMBX Portfolio Allocation
Asset-class allocation of WSTCM Credit Select Risk - Managed Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.9% |
| Cash & Equivalents | 5.1% |
WAMBX Performance
Total returns for WAMBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.5% |
| 3 years (annualised) | 1.4% |
WAMBX Risk Information
Risk metrics for WAMBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.9%
WAMBX Costs and Fees
WAMBX costs about $170 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.70%
- Gross expense ratio: 1.74%
- Portfolio turnover: 879%
- Brokerage commissions: 13.80 bps of average net assets (SEC N-CEN)
WAMBX Cashflows
Over the 12 months to 2024-08, WSTCM Credit Select Risk - Managed Fund had net outflows of $6.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-08 | −$1.53M |
| 2024-07 | $181.70K |
| 2024-06 | −$11.69M |
| 2024-05 | −$1.49M |
| 2024-04 | −$638.62K |
| 2024-03 | $2.02M |
WAMBX Debt Constituents
No individual debt constituents are reported in WSTCM Credit Select Risk - Managed Fund's latest SEC N-PORT filing.
WAMBX Prospectus and SEC Filings
Official WSTCM Credit Select Risk - Managed Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-29
- Prospectus (485BPOS) — filed 2022-12-29
- Prospectus (485BPOS) — filed 2021-12-29
- Portfolio holdings (N-PORT) — filed 2024-10-29
- Portfolio holdings (N-PORT) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2024-04-24
- Annual census (N-CEN) — filed 2024-12-04
- Annual census (N-CEN) — filed 2023-11-09
Related Funds
Other United States Multi-Cap / All-Cap Equity 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.