Anchor Muni New York Intermediate

Anchor Accounts: Municipal Bond

Summary

The Anchor Muni New York Account invests at least 80% of assets in New York 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 York state taxes; thus, the account is most appealing to residents of New York. The primary goal is to provide current, tax-free income vs. capital appreciation. The bonds held in the account typically exhibit durations of 4.5 to 7.0 years (or, if duration is unavailable, average maturities of five to 12 years).

Benchmark: S&P Intermediate Term New York AMT-Free Municipal Bond Index

Core Facts

Asset Class Municipal Bond
Category Muni New York Intermediate
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.10%
Minimum investment [4] $100,000 US
Account number A019
Account manager Galleon Wealth Management
Region North America/US/NY
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
Western Asset Intermediate Maturity New York Municipals Fund Class A2.72%
Franklin New York Intermediate Tax-Free Income Fund Class A12.55%
AB Municipal Income Fund New York Portfolio Class A2.68%
SEI Tax Exempt Trust New York Municipal Bond Fund Class F1.68%
BNY Mellon New York Tax Exempt Bond Fund, Inc.2.79%
Columbia New York Intermediate Municipal Bond Fund Class A2.37%
PIMCO New York Municipal Bond Fund Class A2.32%
BNY Mellon New York Intermediate Tax-Exempt Bond Fund Investor Shares1.97%
BlackRock New York Municipal Opportunities Fund Institutional Shares2.72%
BlackRock Muni New York Intermediate Duration Fund, Inc.2.83%

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 Date1/1/09
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard NY Long-Term Tax-Exempt Inv
Portfolio Performance
MetricAnchor Muni New York IntermediateVanguard NY Long-Term Tax-Exempt Inv
Start Balance$10,000.00 $10,000.00
End Balance$16,946.00 $17,430.00
End Balance (inflation adjusted)$13,864.00 $14,259.00
CAGR4.91%5.18%
CAGR (inflation adjusted)3.01%3.28%
Stdev4.13%3.99%
Best Year15.19%12.53%
Worst Year-3.97%-2.93%
Max. Drawdown-7.70%-7.29%
Sharpe Ratio1.051.16
Sortino Ratio1.841.95
US Stock Market Correlation-0.09-0.11
Risk and Return Metrics
MetricAnchor Muni New York IntermediateVanguard NY Long-Term Tax-Exempt Inv
Arithmetic Mean (monthly)0.41%0.43%
Arithmetic Mean (annualized)5.00%5.26%
Geometric Mean (monthly)0.40%0.42%
Geometric Mean (annualized)4.91%5.18%
Volatility (monthly)1.19%1.15%
Volatility (annualized)4.13%3.99%
Downside Deviation (monthly)0.67%0.67%
Max. Drawdown-7.70%-7.29%
US Market Correlation-0.09-0.11
Beta (*)1.011
Alpha (annualized)-0.30%0.00%
R Squared94.98%100.00%
Sharpe Ratio1.051.16
Sortino Ratio1.841.95
Treynor Ratio (%)4.334.62
Calmar Ratio2.082.48
Active Return-0.27%N/A
Tracking Error0.93%N/A
Information Ratio-0.29N/A
Skewness-0.09-0.54
Excess Kurtosis2.872
Historical Value-at-Risk (5%)-1.83%-1.52%
Analytical Value-at-Risk (5%)-1.55%-1.47%
Conditional Value-at-Risk (5%)-2.54%-2.57%
Upside Capture Ratio (%)96.55100
Downside Capture Ratio (%)99.51100
Safe Withdrawal Rate11.45%11.37%
Perpetual Withdrawal Rate2.93%3.18%
Positive Periods91 out of 132 (68.94%)91 out of 132 (68.94%)
Gain/Loss Ratio1.161.2
(*) Vanguard NY 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 Bonds86.81%
Intl Bonds1.43%
Other0.00%
Cash1.76%
Unknown10.00%
Fixed Income Credit Quality
CategoryWeight
AAA13.16%
AA49.48%
A25.13%
BBB8.11%
Non-Investment Grade2.04%
Not Rated2.08%
Fixed Income Maturity
CategoryWeight
Under 1 Year1.68%
1 - 3 Years5.16%
3 - 5 Years7.93%
5 - 7 Years10.21%
7 - 10 Years13.45%
10 - 15 Years21.65%
15 - 20 Years16.21%
20 - 30 Years20.34%
Over 30 Years3.37%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Dec-12Aug-139 monthsAug-141 year1 year 9 months-7.70%
2Jul-16Nov-165 monthsJan-192 years 2 months2 years 7 months-5.76%
3Sep-10Jan-115 monthsJul-116 months11 months-5.08%
4Oct-09Oct-091 monthFeb-104 months5 months-2.41%
5Feb-15Jun-155 monthsOct-154 months9 months-1.57%
6Sep-19Oct-192 monthsDec-192 months4 months-0.86%
7Mar-12Mar-121 monthApr-121 month2 months-0.86%
8Jun-09Jun-091 monthJul-091 month2 months-0.65%
9Feb-09Mar-092 monthsApr-091 month3 months-0.49%
10Oct-11Oct-111 monthNov-111 month2 months-0.31%
Rolling Returns
YearAnchor Muni New York Intermediate 3-year annualized returnAnchor Muni New York Intermediate 5-year annualized returnAnchor Muni New York Intermediate 7-year annualized returnAnchor Muni New York Intermediate 10-year annualized returnVanguard NY Long-Term Tax-Exempt Inv 3-year annualized returnVanguard NY Long-Term Tax-Exempt Inv 5-year annualized returnVanguard NY Long-Term Tax-Exempt Inv 7-year annualized return
20119.28%N/AN/AN/A7.90%N/AN/A
20126.47%N/AN/AN/A6.08%N/AN/A
20134.02%5.95%N/AN/A4.40%5.45%N/A
20143.47%4.65%N/AN/A4.78%5.13%N/A
20152.68%4.87%6.01%N/A3.86%5.61%6.02%
20163.80%2.73%3.78%N/A5.08%3.79%4.32%
20172.57%2.33%3.99%N/A3.46%3.56%4.89%
20181.24%3.18%2.60%4.56%2.24%4.29%3.60%
20194.31%3.23%2.87%3.94%4.82%3.82%3.79%