Norfolk, Virginia-based investment manager Wilbanks Smith & Thomas Asset Management LLC (WSTAM) is pleased to announce positive recognition of its WSTCM Credit Select Risk-Managed Fund (“the Fund”) by Morningstar, the noted fund research provider.

An open-end mutual fund focused on tactical investment in high yield fixed income through Exchange Traded Funds (ETFs) and mutual funds, the Fund has been assigned a 5-Star Overall Rating from Morningstar among 260 funds. The Fund also received 5 stars based on risk-adjusted returns among 260 funds in the Non-Traditional Fixed Income Funds Category for the three-year period ended October 31, 2017.

The Fund offers a risk-managed framework for high yield investing, with the objective of harvesting high income while tactically managing credit risk. Within high yield, it aims to capture attractive yield characteristics but reduce drawdown exposure by remaining agile in changing markets. The Fund is designed to adjust its level of high yield investment based on the market environment, tactically rotating out of high yield and into cash and investment-grade fixed income in effort to shelter capital from market forces such as credit market volatility and rising interest rates.

The Fund is managed by WST Capital Management, a division of WSTAM. More information, including a current Fund factsheet and Prospectus, can be found at www.wstcmfunds.com.

 

You should consider the investment objectives, risks, charges, and expenses of the WSTCM Funds carefully before investing. The prospectus contains this and other information about WSTCM Funds. You may obtain one by clicking the prospectus link or by calling 1-866-515-4626. Please read it carefully before investing. WSTCM Funds are distributed by Ultimus Fund Distributors, LLC.

Performance data quoted represents past performance, which is no guarantee of future results. An investment in the Fund is subject to investment risks; therefore you may lose money by investing in the Fund. There can be no assurance that the Fund will be successful in meeting its investment objective. The Fund is not intended to be a complete investment program. Generally, the Fund will be subject to the following principal risks: Risks related to the fund of structure, investment model risk, interest rate risk, credit risk, corporate debt securities risk, junk bonds or lower-rated securities risk. or more information about the Fund, including the Fund's objectives, charges, expenses and risks (including more information about the risks listed above), please read the prospectus. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

 

 

Besides attributed information, this material is proprietary and may not be reproduced, transferred or distributed in any form without prior written permission from WST. WST reserves the right at any time and without notice to change, amend, or cease publication of the information. This material has been prepared solely for informative purposes. The information contained herein may include information that has been obtained from third party sources and has not been independently verified. It is made available on an “as is” basis without warranty. This document is intended for clients for informational purposes only and should not be otherwise disseminated to other third parties. Past performance or results should not be taken as an indication or guarantee of future performance or results, and no representation or warranty, express or implied is made regarding future performance or results. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any security, future or other financial instrument or product.

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