Anchor Muni New Jersey

Anchor Accounts: Municipal Bond

Summary

The Anchor Muni New Jersey Account invests at least 80% of assets in New Jersey municipal debt. The portfolio manager may include long,  intermediate, and short-duration bonds. The account is structured to provide income that is free from both federal taxes and New Jersey state taxes; thus, the account is most appealing to residents of New Jersey. The primary goal is to provide current, tax-free income vs. capital appreciation.

Benchmark: S&P Municipal Bond New Jersey Index

Core Facts

Asset Class Municipal Bond
Category Muni New Jersey
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.10%
Minimum investment [4] $30,000 US
Account number A018
Account manager Galleon Wealth Management
Region North America/US/NJ
Market Developed

Credit Quality

Ltd

Mod

Ext
High


Med

Low

Interest Rate Sensitivity

Portfolio composition by security (top holdings)

Top Holdings

Company NameForward Annual Div Yield
Franklin New Jersey Tax Free Income Fund Class A13.02%
Invesco Oppenheimer Rochester New Jersey Municipal Fund Class A2.86%
T. Rowe Price New Jersey Tax-Free Bond Fund2.84%
Fidelity New Jersey Municipal Income Fund2.68%
Eaton Vance New Jersey Municipal Income Fund Class A2.82%
BlackRock New Jersey Municipal Bond Fund Institutional Shares3.37%
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares3.21%
Nuveen New Jersey Quality Municipal Income Fund4.24%
BlackRock MuniYield New Jersey Fund, Inc.4.81%
Nuveen New Jersey Municipal Bond Fund Class I3.15%

Overall Risk

The risk rating is based on the account’s past performance as compared to mutual funds and/or ETFs within the same category. It represents a starting point from which investors evaluate if the core makes sense for their own risk tolerance, suitability, goals and objectives. It is not a buy or sell recommendation. There are many types of risk, including interest rate, market, political, and currency. Each type of risk can affect the value of the securities in your account.

        
Overview
Start Date01/01/2009
End Date12/31/2019
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard NJ Long-Term Tax-Exempt Inv
Portfolio Performance
MetricAnchor Muni New Jersey
Vanguard NJ Long-Term Tax-Exempt Inv
Start Balance$10,000$10,000
End Balance$20,723$17,718
End Balance (inflation adjusted)$16,953$14,495
CAGR6.85%5.34%
CAGR (inflation adjusted)4.92%3.43%
Stdev5.55%4.16%
Best Year26.17%11.76%
Worst Year-6.34%-2.50%
Max. Drawdown-11.23%-6.84%
Sharpe Ratio1.131.15
Sortino Ratio2.061.91
US Stock Market Correlation-0.06-0.11
Risk and Return Metrics
MetricAnchor Muni New Jersey
Vanguard NJ Long-Term Tax-Exempt Inv
Arithmetic Mean (monthly)0.57%0.44%
Arithmetic Mean (annualized)7.01%5.43%
Geometric Mean (monthly)0.55%0.43%
Geometric Mean (annualized)6.85%5.34%
Volatility (monthly)1.60%1.20%
Volatility (annualized)5.55%4.16%
Downside Deviation (monthly)0.87%0.71%
Max. Drawdown-11.23%-6.84%
US Market Correlation-0.06-0.11
Beta (*)1.241.00
Alpha (annualized)0.25%0.00%
R Squared85.57%100.00%
Sharpe Ratio1.131.15
Sortino Ratio2.061.91
Treynor Ratio (%)5.074.77
Calmar Ratio2.693.13
Active Return1.51%N/A
Tracking Error2.33%N/A
Information Ratio0.65N/A
Skewness0.31-0.69
Excess Kurtosis3.532.65
Historical Value-at-Risk (5%)-2.48%-1.55%
Analytical Value-at-Risk (5%)-2.06%-1.53%
Conditional Value-at-Risk (5%)-3.28%-2.64%
Upside Capture Ratio (%)124.54100.00
Downside Capture Ratio (%)116.49100.00
Safe Withdrawal Rate13.14%11.29%
Perpetual Withdrawal Rate4.68%3.32%
Positive Periods92 out of 132 (69.70%)92 out of 132 (69.70%)
Gain/Loss Ratio1.161.14
(*) Vanguard NJ Long-Term Tax-Exempt Inv is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks0.00%
Intl Stocks0.00%
US Bonds76.51%
Intl Bonds3.15%
Other0.02%
Cash0.32%
Unknown20.00%
Fixed Income Credit Quality
CategoryWeight
AAA8.48%
AA30.92%
A31.16%
BBB22.13%
Non-Investment Grade4.15%
Not Rated3.15%
Fixed Income Maturity
CategoryWeight
Under 1 Year0.76%
1 - 3 Years2.31%
3 - 5 Years3.51%
5 - 7 Years5.87%
7 - 10 Years10.20%
10 - 15 Years22.28%
15 - 20 Years20.68%
20 - 30 Years31.07%
Over 30 Years3.31%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Dec 2012Aug 20139 monthsAug 20141 year1 year 9 months-11.23%
2Oct 2010Jan 20114 monthsSep 20118 months1 year-8.08%
3Sep 2016Nov 20163 monthsDec 20182 years 1 month2 years 4 months-6.32%
4Feb 2015Jun 20155 monthsDec 20156 months11 months-3.35%
5Oct 2009Nov 20092 monthsFeb 20103 months5 months-2.95%
6Mar 2012Mar 20121 monthApr 20121 month2 months-0.81%
7Jun 2009Jun 20091 monthJul 20091 month2 months-0.69%
8Sep 2019Sep 20191 monthDec 20193 months4 months-0.40%
9Oct 2011Oct 20111 monthNov 20111 month2 months-0.24%
10Nov 2014Nov 20141 monthDec 20141 month2 months-0.00%
Rolling Returns
YearAnchor Muni New Jersey
3-year annualized return
Anchor Muni New Jersey
5-year annualized return
Anchor Muni New Jersey
7-year annualized return
Anchor Muni New Jersey
10-year annualized return
Vanguard NJ Long-Term Tax-Exempt Inv 3-year annualized returnVanguard NJ Long-Term Tax-Exempt Inv 5-year annualized returnVanguard NJ Long-Term Tax-Exempt Inv 7-year annualized return
201113.30%N/AN/AN/A7.56%N/AN/A
20128.20%N/AN/AN/A6.04%N/AN/A
20134.87%8.40%N/AN/A4.71%5.38%N/A
20144.74%5.79%N/AN/A4.69%5.02%N/A
20152.70%5.93%8.16%N/A3.24%5.31%5.62%
20165.56%3.89%4.88%N/A4.39%3.50%4.07%
20173.53%3.03%5.23%N/A3.89%3.74%5.08%
20182.63%4.56%3.66%6.47%3.50%4.58%3.89%
20195.58%4.39%3.78%5.09%6.23%4.41%4.15%