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 10.19 / +0.01 %
- Total Assets 2.9 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 0
- Status Open
- TTM Yield 2.95%
- Effective Duration 3.57 years
USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 12:25 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 99.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
DFA Two-Year Global Fixed-Income I | 24.94 | 702.8 Mil | — |
iShares 1-5 Year invmt Grd Corp Bd ETF | 23.96 | 675.2 Mil | — |
iShares Core International Aggt Bd ETF | 14.97 | 421.7 Mil | — |
DFA One-Year Fixed-Income I | 14.43 | 406.6 Mil | — |
iShares 3-7 Year Treasury Bond ETF | 6.02 | 169.7 Mil | — |
iShares 5-10 Year invmt Grd Corp Bd ETF | 6.00 | 169.1 Mil | — |
iShares 1-3 Year Treasury Bond ETF | 3.99 | 112.3 Mil | — |
Dimensional Inflation-Protected Sec ETF | 2.75 | 77.5 Mil | — |
iShares TIPS Bond ETF | 2.14 | 60.2 Mil | — |
Invesco Shrt-Trm Inv Gov&Agcy Instl | 0.70 | 19.8 Mil | Cash and Equivalents |