WSTCM Credit Select Risk-Managed Fund - Investor Shares
WAMBX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 150 W. Main Street, Suite 1700 Norfolk VA 23510
- IPO Date
- Oct 3, 2014
- CIK
- 0001580350
- Similar Companies
- Business
- WSTCM Credit Select Risk-Managed Fund - Investor Shares (WAMBX) is a diversified open-end mutual fund that seeks total return from income and capital appreciation through a risk-managed strategy focused primarily on exchange-traded funds (ETFs) investing in U.S. high-yield debt securities, fixed-income instruments, and related derivatives; it also allocates to equity ETFs, corporate and municipal bonds (including investment-grade and below-investment-grade "junk" bonds), sovereign debt, money market instruments such as commercial paper and certificates of deposit, and foreign securities across developed and emerging markets to manage volatility and downside risk. The Fund operates as a "fund of funds," employing dynamic allocation based on market momentum trends, quantitative models, and rules-based frameworks blending active, passive, and factor investing to balance upside participation with downside mitigation. Investor Shares (WAMBX) and Institutional Shares (WAMIX) target individual and institutional investors seeking fixed-income exposure with equity diversification; assets under management stand at approximately USD 101-133 million as of recent reports, with a yield around 4.49% and focus on U.S. markets supplemented by global opportunities. Established in 2013 as part of WST Investment Trust, a Delaware statutory trust headquartered at 150 W. Main Street, Norfolk, VA, the Fund was previously named WST Asset Manager – U.S. Bond Fund until December 31, 2016, reflecting a shift to broader risk-managed credit selection. Wilbanks, Smith & Thomas Asset Management, LLC, doing business as WST Capital Management, serves as the investment adviser, specializing in active quantitative strategies for ETF-based portfolios across fixed income, equities, and multi-asset solutions. The Fund received Morningstar recognition in 2018 for performance and continues to emphasize credit risk management amid changing fixed-income conditions like interest rate volatility. In a major strategic shift in 2025, NEOS Investments acquired the Fund and converted it from an open-end mutual fund structure to the NEOS Enhanced Income Credit Select ETF (HYBI), expanding NEOS's fixed-income lineup with enhanced income strategies leveraging options overlays on high-yield credit selections; this reorganization aims to improve liquidity, tax efficiency, and accessibility via exchange-traded format while retaining core risk-managed credit exposure. No other significant acquisitions, partnerships, funding rounds, or product launches were reported for WST Capital Management or the Fund in 2024-2025. The transition underscores adaptation to ETF market growth and investor preferences for lower-cost, intraday trading vehicles in credit sectors.