Morningstar

Tributary Income Instl FOINX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 9.44  /  −0.20 %
  • Total Assets 175.5 Mil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.89%
  • Effective Duration 6.07 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 9:40 PM GMT+0

Morningstar’s Analysis FOINX

Will FOINX 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 FOINX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FOINX 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 FOINX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Tributary Income Instl boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

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 FOINX

More FOINX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.875%

8.38 14.5 Mil
Government

United States Treasury Bonds 3.625%

5.22 9.0 Mil
Government

United States Treasury Notes 1.5%

3.85 6.6 Mil
Government

United States Treasury Bonds 2%

3.41 5.9 Mil
Government

United States Treasury Notes 3.875%

2.21 3.8 Mil
Government

Federal Home Loan Mortgage Corp. 4%

1.56 2.7 Mil
Securitized

Fnma Pass-Thru I 3%

1.48 2.6 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.5%

1.12 1.9 Mil
Securitized

Fnma Pass-Thru I 3.5%

1.11 1.9 Mil
Securitized

Fnma Pass-Thru I 3.5%

1.11 1.9 Mil
Securitized

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