Westcore Municipal Opportunities Fund Fundamentals
| WITAX Fund | USD 9.71 0.02 0.21% |
Westcore Municipal Opportunities fundamentals help investors to digest information that contributes to Westcore Municipal's financial success or failures. It also enables traders to predict the movement of Westcore Mutual Fund. The fundamental analysis module provides a way to measure Westcore Municipal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Westcore Municipal mutual fund.
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Westcore Municipal Opportunities Mutual Fund Net Asset Analysis
Westcore Municipal's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Westcore Municipal Net Asset | 197.68 M |
Most of Westcore Municipal's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Westcore Municipal Opportunities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Westcore Municipal Opportunities has a Net Asset of 197.68 M. This is much higher than that of the Segall Bryant & Hamill family and significantly higher than that of the Muni National Interm category. The net asset for all United States funds is notably lower than that of the firm.
Westcore Municipal Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Westcore Municipal's current stock value. Our valuation model uses many indicators to compare Westcore Municipal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Westcore Municipal competition to find correlations between indicators driving Westcore Municipal's intrinsic value. More Info.Westcore Municipal Opportunities is presently regarded as number one fund in annual yield among similar funds. It also is presently regarded as number one fund in year to date return among similar funds creating about 1,195 of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Westcore Municipal's earnings, one of the primary drivers of an investment's value.Westcore Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westcore Municipal's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Westcore Municipal could also be used in its relative valuation, which is a method of valuing Westcore Municipal by comparing valuation metrics of similar companies.Westcore Municipal is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for Westcore Municipal
The fund consists of 93.33% investments in fixed income securities, with the rest of funds allocated in cash and various exotic instruments.Asset allocation divides Westcore Municipal's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Westcore Fundamentals
| Total Asset | 170.66 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 3.23 % | |||
| One Year Return | 6.75 % | |||
| Three Year Return | (0.91) % | |||
| Five Year Return | 1.30 % | |||
| Net Asset | 197.68 M | |||
| Minimum Initial Investment | 250 K | |||
| Last Dividend Paid | 0.03 | |||
| Cash Position Weight | 5.58 % | |||
| Bond Positions Weight | 93.33 % |
About Westcore Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westcore Municipal Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westcore Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westcore Municipal Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Under normal circumstances, the fund will invest at least eighty percent of the value of its net assets, plus any borrowings for investment purposes, in municipal bonds. It focuses primarily on investment-grade quality municipal bonds that are rated in one of the four highest investment-grade categories at the time of purchase by one or more nationally recognized rating agencies such as Moodys or Standard Poors. The fund may invest up to thirty percent of its total assets at the time of purchase in municipal bonds rated below investment grade .
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Westcore Mutual Fund
Westcore Municipal financial ratios help investors to determine whether Westcore Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westcore with respect to the benefits of owning Westcore Municipal security.
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