Segall Bryant & Hamill Colorado Tax Free Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.9%
1 yr return
9.5%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
0.7%
Net Assets
$355 M
Holdings in Top 10
28.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WTCOX - Profile
Distributions
- YTD Total Return 2.9%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.44%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSegall Bryant & Hamill Colorado Tax Free Fund
-
Fund Family NameSegall Bryant & Hamill Funds
-
Inception DateMay 02, 2018
-
Shares OutstandingN/A
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Harris
Fund Description
● | The Fund focuses primarily on investment-grade quality municipal bonds that are rated in one of the three highest investment-grade categories at the time of purchase by one or more nationally recognized rating agencies such as Moody’s or Standard & Poor’s (“Rating Agencies”). |
● | Under normal circumstances, the Fund will invest at least eighty percent (80%) of the value of its net assets, plus any borrowings for investment purposes, in securities, the income from which is exempt from both federal and Colorado state income tax. |
● | Under normal circumstances, a minimum of 80% of the portfolio will be rated investment-grade at the time of purchase. |
● | The Fund may invest up to twenty percent (20%) of its total assets in municipal bonds rated below investment grade. |
● | The Fund may invest in unrated bonds. The portfolio management team determines the comparable quality of such instruments to determine if they meet the Fund’s rating requirements. |
● | The team researches the financial condition of various counties, public projects, school districts, and taxing authorities to seek to fully understand the issuer’s ability to generate revenues or levy taxes in order to meet its obligations. |
● | Given the Fund’s tax-exempt focus, the team also strives to maintain a low portfolio turnover in an effort to minimize the Fund’s capital gain distributions. |
● | In addition, the team generally avoids investing in municipal bonds that are subject to the alternative minimum tax but may do so if they believe they provide sufficient relative value. |
● | The team seeks to purchase securities from many areas of Colorado to reduce the economic risk to the portfolio from any particular local economy within the state. |
● | SBH also utilizes an “integrated” approach to a company’s environmental, social, and corporate governance (“ESG”) practices within its investment process alongside other non-ESG factors. SBH believes ESG factors may be important drivers of value in conjunction with the underlying strength and potential of an issuer, however its consideration of these factors would not necessarily result in an issuer being included or excluded from the evaluation process but rather would contribute to the overall evaluation of that issuer. |
● | Securities may be sold when conditions have changed and the security’s prospects are no longer attractive, the security has achieved the team’s valuation target or better relative investment opportunities have been identified. However, an important consideration in all sell decisions is whether the sale would generate a possible realized capital gain. |
WTCOX - Performance
Return Ranking - Trailing
Period | WTCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.9% | -1.5% | 25.1% | 52.02% |
1 Yr | 9.5% | 2.6% | 38.2% | 62.71% |
3 Yr | -0.9%* | -9.7% | 3.5% | 81.50% |
5 Yr | 0.7%* | -6.6% | 1104.9% | 62.24% |
10 Yr | N/A* | -0.8% | 248.9% | 43.49% |
* Annualized
Return Ranking - Calendar
Period | WTCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -1.4% | 41.0% | 80.90% |
2022 | -13.1% | -39.7% | 0.3% | 72.94% |
2021 | -0.3% | -5.6% | 6.9% | 44.02% |
2020 | 2.2% | -2.6% | 310.0% | 26.81% |
2019 | 3.5% | 0.0% | 26.0% | 64.38% |
Total Return Ranking - Trailing
Period | WTCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.9% | -1.5% | 25.1% | 52.02% |
1 Yr | 9.5% | 2.6% | 38.2% | 62.71% |
3 Yr | -0.9%* | -9.7% | 3.5% | 81.50% |
5 Yr | 0.7%* | -6.6% | 1104.9% | 62.24% |
10 Yr | N/A* | -0.8% | 248.9% | 41.68% |
* Annualized
Total Return Ranking - Calendar
Period | WTCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | -1.3% | 41.0% | 66.00% |
2022 | -10.6% | -39.7% | 1.1% | 69.91% |
2021 | 1.9% | -4.8% | 23761504.0% | 43.55% |
2020 | 5.1% | -1.5% | 17057.9% | 14.51% |
2019 | 6.6% | 0.2% | 3514.6% | 48.32% |
NAV & Total Return History
WTCOX - Holdings
Concentration Analysis
WTCOX | Category Low | Category High | WTCOX % Rank | |
---|---|---|---|---|
Net Assets | 355 M | 3.22 M | 71.9 B | 56.37% |
Number of Holdings | 158 | 4 | 13418 | 71.07% |
Net Assets in Top 10 | 94.7 M | -317 M | 3.45 B | 45.99% |
Weighting of Top 10 | 28.26% | 1.9% | 100.1% | 13.75% |
Top 10 Holdings
- Colorado Housing and Finance Authority 6%, Due 5/1/2053 4.78%
- Rampart Range Colorado Met District 5.0%, Due 12/01/2047 3.29%
- COLORADO HEALTH FACS AUTH REV VAR Due 5/15/2062 2.99%
- UNIVERSITY COLO HOSP VAR Due 11/15/2049 2.99%
- Berthoud Colorado Cops 4.0%, Due 12/01/2049 2.57%
- COLORADO HSG FIN AUTH SINGLE FAMILY MTG 5.75%, Due 11/1/2053 2.50%
- City of Colorado Springs CO Utilities 1.25% due 11/01/2037 2.39%
- DENVER COLO CITY CNTY ARPT VAR Due 11/15/2031 2.33%
- COLORADO SCH MINES INSTL ENTERPRISE REV 5.25%, Due 12/1/2052 2.23%
- DENVER COLO CITY CNTY ARPT 5.25%, Due 11/15/2053 2.21%
Asset Allocation
Weighting | Return Low | Return High | WTCOX % Rank | |
---|---|---|---|---|
Bonds | 87.39% | 0.00% | 150.86% | 97.21% |
Cash | 12.61% | -50.86% | 43.45% | 1.33% |
Stocks | 0.00% | 0.00% | 99.89% | 69.83% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 64.37% |
Other | 0.00% | -3.72% | 51.88% | 64.23% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 64.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | WTCOX % Rank | |
---|---|---|---|---|
Municipal | 94.29% | 44.39% | 100.00% | 84.41% |
Derivative | 0.00% | -3.72% | 51.88% | 60.78% |
Cash & Equivalents | 0.00% | 0.00% | 43.45% | 83.08% |
Securitized | 0.00% | 0.00% | 5.93% | 64.49% |
Corporate | 0.00% | 0.00% | 9.41% | 70.95% |
Government | 0.00% | 0.00% | 52.02% | 67.42% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WTCOX % Rank | |
---|---|---|---|---|
US | 87.39% | 0.00% | 142.23% | 97.01% |
Non US | 0.00% | 0.00% | 23.89% | 65.89% |
WTCOX - Expenses
Operational Fees
WTCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.70% | 0.01% | 8.02% | 53.65% |
Management Fee | 0.35% | 0.00% | 1.20% | 28.18% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.01% | 0.01% | 0.44% | 1.02% |
Sales Fees
WTCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
WTCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
WTCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 0.00% | 283.00% | 41.94% |
WTCOX - Distributions
Dividend Yield Analysis
WTCOX | Category Low | Category High | WTCOX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.33% | 0.00% | 14.51% | 21.49% |
Dividend Distribution Analysis
WTCOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
WTCOX | Category Low | Category High | WTCOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.44% | -0.53% | 5.33% | 74.28% |
Capital Gain Distribution Analysis
WTCOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.029 | OrdinaryDividend |
Aug 28, 2024 | $0.031 | OrdinaryDividend |
Jul 29, 2024 | $0.030 | OrdinaryDividend |
Apr 26, 2024 | $0.029 | OrdinaryDividend |
Mar 26, 2024 | $0.030 | OrdinaryDividend |
Feb 27, 2024 | $0.027 | OrdinaryDividend |
Jan 29, 2024 | $0.030 | OrdinaryDividend |
Dec 26, 2023 | $0.022 | OrdinaryDividend |
Nov 21, 2023 | $0.031 | OrdinaryDividend |
Oct 27, 2023 | $0.031 | OrdinaryDividend |
Sep 27, 2023 | $0.030 | OrdinaryDividend |
Aug 29, 2023 | $0.030 | OrdinaryDividend |
Jul 27, 2023 | $0.029 | OrdinaryDividend |
Jun 28, 2023 | $0.028 | OrdinaryDividend |
May 26, 2023 | $0.028 | OrdinaryDividend |
Apr 26, 2023 | $0.026 | OrdinaryDividend |
Mar 29, 2023 | $0.026 | OrdinaryDividend |
Feb 24, 2023 | $0.025 | OrdinaryDividend |
Jan 27, 2023 | $0.025 | OrdinaryDividend |
Dec 27, 2022 | $0.025 | OrdinaryDividend |
Nov 22, 2022 | $0.023 | OrdinaryDividend |
Oct 27, 2022 | $0.026 | OrdinaryDividend |
Sep 28, 2022 | $0.029 | OrdinaryDividend |
Aug 29, 2022 | $0.028 | OrdinaryDividend |
Jul 27, 2022 | $0.026 | OrdinaryDividend |
Jun 28, 2022 | $0.026 | OrdinaryDividend |
May 26, 2022 | $0.027 | OrdinaryDividend |
Apr 27, 2022 | $0.024 | OrdinaryDividend |
Mar 29, 2022 | $0.025 | OrdinaryDividend |
Feb 24, 2022 | $0.022 | OrdinaryDividend |
Jan 27, 2022 | $0.023 | OrdinaryDividend |
Dec 17, 2021 | $0.023 | OrdinaryDividend |
Nov 22, 2021 | $0.021 | OrdinaryDividend |
Oct 27, 2021 | $0.023 | OrdinaryDividend |
Sep 28, 2021 | $0.020 | OrdinaryDividend |
Aug 27, 2021 | $0.020 | OrdinaryDividend |
Jul 28, 2021 | $0.021 | OrdinaryDividend |
Jun 28, 2021 | $0.021 | OrdinaryDividend |
May 26, 2021 | $0.023 | OrdinaryDividend |
Apr 28, 2021 | $0.023 | OrdinaryDividend |
Mar 29, 2021 | $0.023 | OrdinaryDividend |
Feb 24, 2021 | $0.021 | OrdinaryDividend |
Jan 27, 2021 | $0.023 | OrdinaryDividend |
Dec 18, 2020 | $0.026 | OrdinaryDividend |
Nov 18, 2020 | $0.025 | OrdinaryDividend |
Oct 28, 2020 | $0.027 | OrdinaryDividend |
Sep 23, 2020 | $0.026 | OrdinaryDividend |
Aug 26, 2020 | $0.028 | OrdinaryDividend |
Jul 29, 2020 | $0.028 | OrdinaryDividend |
Jun 24, 2020 | $0.028 | OrdinaryDividend |
May 27, 2020 | $0.030 | OrdinaryDividend |
Apr 22, 2020 | $0.028 | OrdinaryDividend |
Mar 25, 2020 | $0.028 | OrdinaryDividend |
Feb 26, 2020 | $0.025 | OrdinaryDividend |
Jan 29, 2020 | $0.026 | OrdinaryDividend |
Dec 19, 2019 | $0.029 | OrdinaryDividend |
Nov 20, 2019 | $0.027 | OrdinaryDividend |
Oct 30, 2019 | $0.028 | OrdinaryDividend |
Sep 25, 2019 | $0.028 | OrdinaryDividend |
Aug 28, 2019 | $0.029 | OrdinaryDividend |
Jul 24, 2019 | $0.029 | OrdinaryDividend |
Jun 26, 2019 | $0.029 | OrdinaryDividend |
May 29, 2019 | $0.031 | OrdinaryDividend |
Apr 24, 2019 | $0.031 | OrdinaryDividend |
Mar 27, 2019 | $0.032 | OrdinaryDividend |
Feb 20, 2019 | $0.029 | OrdinaryDividend |
Jan 23, 2019 | $0.030 | OrdinaryDividend |
Dec 14, 2018 | $0.030 | OrdinaryDividend |
Nov 20, 2018 | $0.030 | OrdinaryDividend |
Oct 24, 2018 | $0.031 | OrdinaryDividend |
Sep 26, 2018 | $0.029 | OrdinaryDividend |
Aug 29, 2018 | $0.031 | OrdinaryDividend |
Jul 25, 2018 | $0.029 | OrdinaryDividend |
Jun 27, 2018 | $0.029 | OrdinaryDividend |
May 23, 2018 | $0.030 | OrdinaryDividend |
WTCOX - Fund Manager Analysis
Managers
Kenneth Harris
Start Date
Tenure
Tenure Rank
Jun 01, 2005
17.01
17.0%
Kenneth A. Harris is a senior portfolio manager and principal at Segall Bryant & Hamill, LLC. Mr. Harris joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as the director of Fixed Income and as a portfolio manager on the Fixed Income team. Prior to joining Denver Investments in 2000, Mr. Harris was the treasurer of Blue Cross and Blue Shield of Colorado. Mr. Harris received a BBA from the University of Arizona and an MBA from the University of Colorado at Denver. He has earned the Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society Colorado.
Nicholas Foley
Start Date
Tenure
Tenure Rank
May 10, 2016
6.06
6.1%
Nicholas J. Foley is a senior portfolio manager at Segall Bryant & Hamill, LLC. Mr. Foley joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as a portfolio manager and municipal credit analyst and trader on the Fixed Income team. Prior to joining Denver Investments in 2012, Mr. Foley was an associate portfolio manager and lead fixed income trader at the Bank of the West/BNP Paribas Group and a financial analyst with Janus Capital Group. Prior to that, he was a senior analyst at Washington Mutual Bank. Mr. Foley earned his B.A. from Gonzaga University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |