Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Free Market Fixed Income Instl FMFIX
- NAV / 1-Day Return 9.98 / 0.00
- Total Assets 2.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.660%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment —
- Status Open
- TTM Yield 2.90%
- Effective Duration 3.54 years
USD | NAV as of Jun 26, 2024 | 1-Day Return as of Jun 26, 2024, 1:02 AM GMT+0
Morningstar’s Analysis FMFIX
Will FMFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 99.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
DFA Two-Year Global Fixed-Income I | 25.06 | 698.6 Mil | — |
iShares 1-5 Year invmt Grd Corp Bd ETF | 24.00 | 669.1 Mil | — |
iShares Core International Aggt Bd ETF | 15.03 | 419.1 Mil | — |
DFA One-Year Fixed-Income I | 14.41 | 401.6 Mil | — |
iShares 5-10 Year invmt Grd Corp Bd ETF | 6.01 | 167.4 Mil | — |
iShares 3-7 Year Treasury Bond ETF | 5.98 | 166.6 Mil | — |
iShares TIPS Bond ETF | 4.99 | 139.1 Mil | — |
iShares 1-3 Year Treasury Bond ETF | 3.97 | 110.8 Mil | — |
Invesco Shrt-Trm Inv Gov&Agcy Instl | 0.48 | 13.3 Mil | Cash and Equivalents |
US DOLLARS | 0.07 | 2.0 Mil | Cash and Equivalents |