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Morningstar

New Covenant Income NCICX

Morningstar Medalist Rating
Medalist Rating as of | See New Covenant Investment Hub
  • NAV / 1-Day Return 20.31  /  +0.26 %
  • Total Assets 335.1 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 500
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 4.63 years

USD | NAV as of May 01, 2024 | 1-Day Return as of May 01, 2024, 10:14 PM GMT+0

Morningstar’s Analysis NCICX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit New Covenant Income to a Morningstar Medalist Rating of 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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NCICX

More NCICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

3 Month SOFR Future Dec 25

7.21 28.1 Mil
Government

10 Year Treasury Note Future Mar 24

5.18 20.2 Mil
Government

3 Month SOFR Future Dec 24

3.89 15.2 Mil
Government

Ultra 10 Year US Treasury Note Future Mar 24

2.66 10.4 Mil
Government

United States Treasury Notes 0.75%

1.92 7.5 Mil
Government

3 Month SOFR Future Dec 23

1.58 6.2 Mil
Government

SEI Government Institutional (SDIT)

1.56 6.1 Mil
Cash and Equivalents

United States Treasury Notes 4.375%

1.49 5.8 Mil
Government

United States Treasury Notes 3.5%

1.48 5.8 Mil
Government

United States Treasury Notes 3.125%

1.42 5.5 Mil
Government