Anchor Muni New York Long

Anchor Accounts: Municipal Bond

Summary

The Anchor Muni New York Long Account invests at least 80% of assets in New York municipal debt. 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 longer than 7.0 years (or, if duration is unavailable, average maturities of five to 12 years).

Benchmark: S&P Municipal Bond New York 5+ Year Investment Grade Index

Core Facts

Asset Class Municipal Bond
Category Muni New York Long
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.10%
Minimum investment [4] $30,000 US
Account number A020
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
Nuveen New York Municipal Bond Fund Class A2.95%
Putnam New York Tax Exempt Income Fund Class A2.56%
Columbia Strategic New York Municipal Income Fund Class A2.83%
Franklin New York Tax Free Income Fund Class A12.96%
MFS New York Municipal Bond Fund Class A2.86%
Lord Abbett New York Tax Free Fund Class A2.41%
Eaton Vance New York Municipal Income Fund Class A2.44%
T. Rowe Price New York Tax-Free Bond Fund2.90%
Invesco Oppenheimer Rochester Fund Municipals Fund Class A3.23%
Invesco Oppenheimer Rochester AMT-Free New York Municipal Fund Class A2.98%

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
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkVanguard NY Long-Term Tax-Exempt Inv
Portfolio Performance
MetricAnchor Muni New York LongVanguard NY Long-Term Tax-Exempt Inv
Start Balance$10,000 $10,000
End Balance$19,310 $17,430
End Balance (inflation adjusted)$15,797 $14,259
CAGR6.16%5.18%
CAGR (inflation adjusted)4.24%3.28%
Stdev4.98%3.99%
Best Year23.92%12.53%
Worst Year-5.77%-2.93%
Max. Drawdown-9.30%-7.29%
Sharpe Ratio1.121.16
Sortino Ratio2.051.95
US Stock Market Correlation-0.07-0.11
Risk and Return Metrics
MetricAnchor Muni New York LongVanguard NY Long-Term Tax-Exempt Inv
Arithmetic Mean (monthly)0.51%0.43%
Arithmetic Mean (annualized)6.29%5.26%
Geometric Mean (monthly)0.50%0.42%
Geometric Mean (annualized)6.16%5.18%
Volatility (monthly)1.44%1.15%
Volatility (annualized)4.98%3.99%
Downside Deviation (monthly)0.78%0.67%
Max. Drawdown-9.30%-7.29%
US Market Correlation-0.07-0.11
Beta (*)1.181
Alpha (annualized)0.05%0.00%
R Squared89.46%100.00%
Sharpe Ratio1.121.16
Sortino Ratio2.051.95
Treynor Ratio (%)4.744.62
Calmar Ratio3.192.48
Active Return0.98%N/A
Tracking Error1.77%N/A
Information Ratio0.56N/A
Skewness0.24-0.54
Excess Kurtosis3.282
Historical Value-at-Risk (5%)-2.02%-1.52%
Analytical Value-at-Risk (5%)-1.84%-1.47%
Conditional Value-at-Risk (5%)-3.12%-2.57%
Upside Capture Ratio (%)116.26100
Downside Capture Ratio (%)110.59100
Safe Withdrawal Rate12.58%11.37%
Perpetual Withdrawal Rate4.07%3.18%
Positive Periods93 out of 132 (70.45%)91 out of 132 (68.94%)
Gain/Loss Ratio1.141.2
(*) 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 Bonds94.86%
Intl Bonds4.58%
Other0.11%
Cash0.45%
Fixed Income Credit Quality
CategoryWeight
AAA10.51%
AA41.93%
A22.41%
BBB11.60%
Non-Investment Grade5.30%
Not Rated8.25%
Fixed Income Maturity
CategoryWeight
Under 1 Year0.64%
1 - 3 Years0.46%
3 - 5 Years1.57%
5 - 7 Years2.52%
7 - 10 Years5.64%
10 - 15 Years15.47%
15 - 20 Years23.74%
20 - 30 Years43.06%
Over 30 Years6.90%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
113-May13-Aug4 months14-Aug1 year1 year 4 months-9.30%
210-Oct11-Jan4 months11-Aug7 months11 months-7.20%
316-Sep16-Nov3 months17-Jul8 months11 months-4.77%
49-Oct9-Oct1 month10-Feb4 months5 months-2.72%
515-Feb15-Jun5 months15-Oct4 months9 months-1.82%
612-Dec12-Dec1 month13-Apr4 months5 months-1.67%
718-Sep18-Oct2 months18-Dec2 months4 months-1.52%
817-Sep18-Feb6 months18-May3 months9 months-1.50%
919-Sep19-Oct2 months-0.91%
109-Mar9-Mar1 month9-Apr1 month2 months-0.89%
Rolling Returns
YearAnchor Muni New York Long 3-year annualized returnAnchor Muni New York Long 5-year annualized returnAnchor Muni New York Long 7-year annualized returnAnchor Muni New York Long 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
201111.79%N/AN/AN/A7.90%N/AN/A
20127.22%N/AN/AN/A6.08%N/AN/A
20134.52%7.55%N/AN/A4.40%5.45%N/A
20144.65%5.26%N/AN/A4.78%5.13%N/A
20152.67%5.57%7.44%N/A3.86%5.61%6.02%
20165.20%3.71%4.41%N/A5.08%3.79%4.32%
20173.00%2.75%4.79%N/A3.46%3.56%4.89%
20182.55%4.37%3.55%5.95%2.24%4.29%3.60%
20194.84%3.82%3.41%4.54%4.82%3.82%3.79%