Skip to Content
Morningstar

Free Market Fixed Income Instl FMFIX

Morningstar Medalist Rating
Medalist Rating as of | See Matson Money Investment Hub
  • NAV / 1-Day Return 9.86  /  +0.10 %
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    0.660%
  • 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 —
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 3.54 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 12:17 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Weakness in Free Market Fixed Income Instl'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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMFIX

More FMFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DFA Two-Year Global Fixed-Income I

24.99 692.2 Mil
—

iShares 1-5 Year invmt Grd Corp Bd ETF

24.05 665.9 Mil
—

iShares Core International Aggt Bd ETF

15.06 417.0 Mil
—

DFA One-Year Fixed-Income I

14.45 400.2 Mil
—

iShares 5-10 Year invmt Grd Corp Bd ETF

6.04 167.1 Mil
—

iShares 3-7 Year Treasury Bond ETF

6.03 166.9 Mil
—

iShares TIPS Bond ETF

5.04 139.6 Mil
—

iShares 1-3 Year Treasury Bond ETF

3.99 110.5 Mil
—

Invesco Shrt-Trm Inv Gov&Agcy Instl

0.33 9.0 Mil
Cash and Equivalents

US DOLLARS

0.03 765,487
Cash and Equivalents