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Changing Parameters CPMPX

Morningstar Medalist Rating
Medalist Rating as of | See Changing Parameters Investment Hub
  • NAV / 1-Day Return 10.67  /  0.00
  • Total Assets 89.7 Mil
  • Adj. Expense Ratio
    2.450%
  • Expense Ratio 2.640%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.91%
  • Effective Duration 4.81 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:13 AM GMT+0

Morningstar’s Analysis CPMPX

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

  • People Pillar

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

Strength in Changing Parameters's People Pillar is partially offset by an Average Process Pillar rating, leading 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CPMPX

More CPMPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 92.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock High Yield Bond Instl

45.68 41.2 Mil
—

MainStay MacKay High Yield Muncpl Bd I

14.97 13.5 Mil
—

Nuveen Preferred Secs & Inc I

10.05 9.1 Mil
—

PIMCO Emerging Markets Bond Instl

9.97 9.0 Mil
—

Federated Hermes Govt Obl IS

7.20 6.5 Mil
Cash and Equivalents

Lord Abbett Floating Rate I

7.14 6.4 Mil
—

JPMorgan Hedged Equity I

4.99 4.5 Mil
—