Morningstar

Mirova Global Green Bond A MGGAX

Morningstar Medalist Rating
Medalist Rating as of | See Natixis Investment Hub
  • NAV / 1-Day Return 8.76  /  +0.11 %
  • Total Assets 40.4 Mil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 1.94%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MGGAX

Will MGGAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MGGAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MGGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MGGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Mirova Global Green Bond A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings MGGAX

More MGGAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 106.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Germany (Federal Republic Of) 0.01%

26.86 3.3 Mil
Government

European Investment Bank 2.375%

15.38 1.9 Mil
Government

Germany (Federal Republic Of) 0.01%

12.92 1.6 Mil
Government

Usd

10.42 1.3 Mil
Cash and Equivalents

United Kingdom of Great Britain and Northern Ireland 0.875%

10.37 1.3 Mil
Government

10 Year Treasury Note Future Sept 24

9.02 1.1 Mil
Government

Italy (Republic Of) 1.5%

7.34 910,280
Government

Mexico (United Mexican States) 1.35%

6.53 809,390
Government

Euro Bobl Future Sept 24

6.15 763,051
Government

Eur

5.90 731,986
Cash and Equivalents

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