Morningstar

Modern Capital Tactical Income ADV MCTDX

Morningstar Medalist Rating
Medalist Rating as of | See Modern Capital Investment Hub
  • NAV / 1-Day Return 10.86  /  +0.56 %
  • Total Assets 74.6 Mil
  • Adj. Expense Ratio
    3.020%
  • Expense Ratio 3.020%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Moderate Allocation
  • Investment Style Mid Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 10.14%
  • Turnover 877%

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis MCTDX

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

  • People Pillar

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

Weakness in Modern Capital Tactical Income ADV's People and Process 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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MCTDX

More MCTDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Asset Offset

5.39 2.7 Mil
—

FIRST TRUST HY OPPORTUNITIES 2027 TERM

4.90 2.5 Mil
—

PGIM Short Duration High Yield Opps

4.53 2.3 Mil
—

Virtus Global Multi-Sector Income

4.44 2.3 Mil
—

Kayne Anderson Energy Infrastructure

4.35 2.2 Mil
—

Western Asset Emerg Mkts Debt

4.22 2.1 Mil
—

Liberty All-Star Growth

4.15 2.1 Mil
—

First American Government Obligs X

4.09 2.1 Mil
Cash and Equivalents

Nuveen Core Plus Impact Fund

3.99 2.0 Mil
—

MS Emerging Markets Domestic

3.96 2.0 Mil
—

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