The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.
Wavelength WAVLX
- NAV / 1-Day Return 9.57 / +0.42 %
- Total Assets 70.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.220%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 4.84%
- Effective Duration 3.89 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis WAVLX
Will WAVLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 66.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Invesco Senior Loan ETF | 10.19 | 10.2 Mil | — |
Vanguard Mortgage-Backed Secs ETF | 7.95 | 8.0 Mil | — |
SPDR® Blmbg ST HY Bd ETF | 7.66 | 7.7 Mil | — |
2 Year Treasury Note Future June 24 | 7.12 | 7.2 Mil | Government |
Vanguard Short-Term Infl-Prot Secs ETF | 6.91 | 7.0 Mil | — |
5 Year Treasury Note Future June 24 | 6.91 | 6.9 Mil | Government |
iShares Broad USD High Yield Corp Bd ETF | 6.09 | 6.1 Mil | — |
iShares TIPS Bond ETF | 4.85 | 4.9 Mil | — |
10 Year Treasury Note Future June 24 | 4.28 | 4.3 Mil | Government |
VanEck EM High Yield Bond ETF | 4.23 | 4.3 Mil | — |