Anchor Muni Ohio

Anchor Accounts: Municipal Bond

Summary

The Anchor Muni Ohio Account invests at least 80% of assets in Ohio 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 Ohio state taxes; thus, the account is most appealing to residents of Ohio. The primary goal is to provide current, tax-free income vs. capital appreciation.

Benchmark: S&P Municipal Bond Ohio Index

Core Facts

Asset Class Municipal Bond
Category Muni Ohio
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.10%
Minimum investment [4] $30,000 US
Account number A021
Account manager Galleon Wealth Management
Region North America/US/OH
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
Johnson Municipal Income Fund1.82%
AB Municipal Income Fund II Ohio Portfolio Class A2.76%
Putnam Ohio Tax Exempt Income Fund Class A2.54%
Federated Ohio Municipal Income Fund Class A Shares2.50%
Nuveen Ohio Municipal Bond Fund Class A2.58%
Franklin Ohio Tax-Free Income Fund Class A12.92%
Eaton Vance Ohio Municipal Income Fund Class A2.92%
Fidelity Ohio Municipal Income Fund2.57%
Vanguard Ohio Long-Term Tax-Exempt Fund2.98%
Nuveen Ohio Quality Municipal Income Fund3.42%

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 OH Long-Term Tax-Exempt
Portfolio Performance
MetricAnchor Muni OhioVanguard OH Long-Term Tax-Exempt
Start Balance$10,000.00 $10,000.00
End Balance$17,063.00 $17,810.00
End Balance (inflation adjusted)$13,959.00 $14,570.00
CAGR4.98%5.39%
CAGR (inflation adjusted)3.08%3.48%
Stdev4.14%4.09%
Best Year15.15%13.12%
Worst Year-5.63%-3.16%
Max. Drawdown-9.21%-7.69%
Sharpe Ratio1.071.18
Sortino Ratio1.842.01
US Stock Market Correlation-0.08-0.12
Risk and Return Metrics
MetricAnchor Muni OhioVanguard OH Long-Term Tax-Exempt
Arithmetic Mean (monthly)0.41%0.45%
Arithmetic Mean (annualized)5.07%5.47%
Geometric Mean (monthly)0.41%0.44%
Geometric Mean (annualized)4.98%5.39%
Volatility (monthly)1.19%1.18%
Volatility (annualized)4.14%4.09%
Downside Deviation (monthly)0.68%0.68%
Max. Drawdown-9.21%-7.69%
US Market Correlation-0.08-0.12
Beta (*)0.991
Alpha (annualized)-0.33%0.00%
R Squared95.52%100.00%
Sharpe Ratio1.071.18
Sortino Ratio1.842.01
Treynor Ratio (%)4.484.82
Calmar Ratio2.172.6
Active Return-0.41%N/A
Tracking Error0.88%N/A
Information Ratio-0.47N/A
Skewness-0.28-0.5
Excess Kurtosis1.751.87
Historical Value-at-Risk (5%)-1.80%-1.59%
Analytical Value-at-Risk (5%)-1.55%-1.50%
Conditional Value-at-Risk (5%)-2.59%-2.53%
Upside Capture Ratio (%)94.88100
Downside Capture Ratio (%)99.26100
Safe Withdrawal Rate11.41%11.48%
Perpetual Withdrawal Rate2.99%3.37%
Positive Periods93 out of 132 (70.45%)93 out of 132 (70.45%)
Gain/Loss Ratio1.061.14
(*) Vanguard OH Long-Term Tax-Exempt is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Annual Returns
YearInflationAnchor Muni Ohio ReturnVanguard OH Long-Term Tax-Exempt ReturnAnchor Muni Ohio BalanceVanguard OH Long-Term Tax-Exempt BalanceAnchor Muni Ohio Income (%)Anchor Muni Ohio Income ($)
20092.72%15.15%13.12%$11,515.00 $11,312.00 4.54%$454.00
20101.50%0.69%1.21%$11,594.00 $11,448.00 4.12%$475.00
20112.96%10.74%10.08%$12,839.00 $12,602.00 4.30%$499.00
20121.74%8.36%7.47%$13,913.00 $13,543.00 3.98%$511.00
20131.50%-5.63%-3.16%$13,130.00 $13,116.00 3.74%$520.00
20140.76%10.00%11.20%$14,443.00 $14,585.00 4.00%$526.00
20150.73%3.53%4.25%$14,953.00 $15,205.00 3.61%$521.00
20162.07%0.46%0.98%$15,022.00 $15,355.00 3.29%$492.00
20172.11%4.90%6.31%$15,757.00 $16,323.00 3.29%$494.00
20181.91%0.12%0.95%$15,776.00 $16,478.00 2.99%$471.00
20192.29%8.16%8.08%$17,063.00 $17,810.00 3.06%$483.00
Asset Allocation for Anchor Muni Ohio
CategoryWeight
US Stocks0.00%
Intl Stocks0.00%
US Bonds88.09%
Intl Bonds0.92%
Other-0.09%
Cash1.08%
Unknown10.00%
Fixed Income Credit Quality for Anchor Muni Ohio
CategoryWeight
AAA10.72%
AA55.53%
A25.40%
BBB3.53%
Non-Investment Grade2.08%
Not Rated2.74%
Fixed Income Maturity for Anchor Muni Ohio
CategoryWeight
Under 1 Year0.87%
1 - 3 Years2.23%
3 - 5 Years3.64%
5 - 7 Years5.30%
7 - 10 Years11.57%
10 - 15 Years26.88%
15 - 20 Years16.51%
20 - 30 Years29.84%
Over 30 Years3.16%
Drawdowns for Anchor Muni Ohio (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Dec-12Aug-139 monthsAug-141 year1 year 9 months-9.21%
2Oct-10Jan-114 monthsAug-117 months11 months-5.82%
3Jul-16Nov-165 monthsDec-171 year 1 month1 year 6 months-5.49%
4Feb-15Jun-155 monthsNov-155 months10 months-2.38%
5Oct-09Oct-091 monthJan-103 months4 months-2.15%
6Jan-18Apr-184 monthsDec-188 months1 year-2.00%
7Jun-09Jun-091 monthJul-091 month2 months-0.96%
8Sep-19Sep-191 month-0.64%
9Feb-12Mar-122 monthsApr-121 month3 months-0.54%
10Oct-11Oct-111 monthNov-111 month2 months-0.45%
Rolling Returns
YearAnchor Muni Ohio 3-year annualized returnAnchor Muni Ohio 5-year annualized returnAnchor Muni Ohio 7-year annualized returnAnchor Muni Ohio 10-year annualized returnVanguard OH Long-Term Tax-Exempt 3-year annualized returnVanguard OH Long-Term Tax-Exempt 5-year annualized returnVanguard OH Long-Term Tax-Exempt 7-year annualized return
20118.69%N/AN/AN/A8.01%N/AN/A
20126.51%N/AN/AN/A6.19%N/AN/A
20134.23%5.60%N/AN/A4.64%5.57%N/A
20144.00%4.64%N/AN/A4.99%5.21%N/A
20152.43%5.22%5.92%N/A3.93%5.84%6.17%
20164.59%3.19%3.87%N/A5.39%4.03%4.46%
20172.95%2.52%4.48%N/A3.82%3.81%5.20%
20181.80%3.74%2.99%4.66%2.72%4.67%3.91%
20194.34%3.39%2.96%4.01%5.07%4.08%3.99%