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Morningstar

Spectrum Active Advantage Investor SAPEX

Morningstar Medalist Rating
Medalist Rating as of | See Advisors Preferred Investment Hub
  • NAV / 1-Day Return 16.47  /  +0.06 %
  • Total Assets 6.8 Mil
  • Adj. Expense Ratio
    1.830%
  • Expense Ratio 1.830%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Tactical Allocation
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.88%
  • Turnover 1,614%

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:23 PM GMT+0

Morningstar’s Analysis SAPEX

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

  • People Pillar

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

Spectrum Active Advantage Investor's recent fee hike underpins a downgrade to this strategy's Morningstar Medalist Rating to Bronze from Silver.

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

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Portfolio Holdings SAPEX

More SAPEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

17.61 1.4 Mil
Government

United States Treasury Bills 0%

13.29 1.0 Mil
Government

First Trust NASDAQ-100 Equal Wtd ETF

7.99 622,485
—

Invesco S&P 500® Equal Weight ETF

7.90 615,420
—

VanEck Gold Miners ETF

7.76 604,695
—

Invesco Senior Loan ETF

7.58 590,922
—

United States Treasury Bills 0%

7.10 552,863
Government

Us Dollar Future

5.56 432,868
Cash and Equivalents

United States Treasury Bills 0%

4.04 314,909
Government

First American Government Obligs Z

2.49 194,400
Cash and Equivalents