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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 20.29  /  −0.29 %
  • Total Assets 336.5 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 Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 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.

Increased confidence in New Covenant Income's prospects relative to its Morningstar Category peers leads to an upgrade in this strategy's Morningstar Medalist Rating to Neutral from 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
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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