Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Medlst Shrt Dur Inst SEMIX
- NAV / 1-Day Return 9.49 / −0.09 %
- Total Assets 271.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.610%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 6.48%
- Effective Duration 0.93 years
USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 12:33 AM GMT+0
Morningstar’s Analysis SEMIX
Will SEMIX 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 11.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
First American Government Obligs X | 2.40 | 7.1 Mil | Cash and Equivalents |
JP Morgan Mortgage Trust 2019-6 4.27% | 1.25 | 3.7 Mil | Securitized |
TRTX 2022-FL5 ISSUER, LTD 7.48% | 1.22 | 3.6 Mil | Securitized |
Freddie Mac Stacr Remic Trust 8.39% | 1.19 | 3.5 Mil | Securitized |
Freddie Mac Stacr Remic Trust 7.64% | 1.16 | 3.4 Mil | Securitized |
STAR 2021-SFR1 7.14% | 1.15 | 3.4 Mil | Securitized |
Federal Home Loan Mortgage Corp. 11.84% | 1.13 | 3.3 Mil | Securitized |
BDS LTD 7.8% | 1.10 | 3.3 Mil | Securitized |
Labrador Aviation Finance Limited 4.3% | 1.09 | 3.2 Mil | Securitized |
CONNECTICUT AVENUE SECURITIES TRUST 6.89% | 1.08 | 3.2 Mil | Securitized |