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Ultra Short-Term High-Quality Bond SMA April 30, 2024

SWSCM Strategy Fact Sheet - USTHQB - April 2024
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Past performance does not guarantee or indicate future results.

As of April 30, 2024, the Ultra Short-Term High Quality Bond Strategy (USTHQB) composite consists of one fully discretionary fee-paying account for a total of $8,572,583. The composite performance inception date is 03/31/2022; the composite creation date is 04/30/2022. Accounts are added to the composite following one full month of complete performance. All information in this report is as of the date of the report and is subject to change. As of April 30, 2024, firmwide assets under management for fee-paying clients is $398,416,949.

All investment strategies have the potential for profit or loss. Any performance information included herein represents the performance achieved by SWS Capital Management, LLC (“SWSCM”) as a discretionary investment manager with trade implementation responsibility for the accounts included in the performance composite. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.

The “Composite Total Return” figures do not reflect the application of fees and expenses to which client accounts will be subject, which will negatively impact performance. “Composite Total Return (Net of Fees)” figures reflect the application of fees and expenses. The impact of these fees and expenses will vary client to client.

The index comparisons herein are provided for informational purposes only and should not be used as the basis for making an investment decision. There are significant differences between client accounts and the indices referenced including, but not limited to, risk profile, liquidity, volatility and asset composition. The indices referred to are widely recognized, unmanaged indices of market activity, and have been included as general indicators of market health. There will be significant differences between a client account’s investments and the indices. Indices may or may not reflect the reinvestment of dividends; interest or capital gains and the indices are not subject to any of the incentive allocation, management fees or expenses to which the client account is subject. It should not be assumed that the client account will invest in any specific securities that comprise the indices, nor should it be understood to mean that there is a correlation between a client account’s returns and the indices. Nor can one assume that correlations to the indices based on historical returns will persist in the future.

ICE BofA U.S. 1-Year Treasury Bill Index: The ICE BofA U.S. 1-Year Treasury Bill Index measures the performance of a single issue of outstanding treasury bill which matures closest to one year, but not beyond, from the rebalancing date. The issue is purchased at the beginning of the month and held for a full month; at the end of the month that issue is sold and rolled into a newly selected issue.

Security valuation and asset class information are provided by ICE Data Services. This is illustrative of how a client account may be constructed but will vary.

Quality Distribution ratings are determined by Standard & Poor’s Long Term/Short Term Credit Rating. This is illustrative of how a client account may be constructed but will vary.


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