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Medalist Rating as of | See Wavelength Investment Hub
  • NAV / 1-Day Return 9.57  /  +0.42 %
  • Total Assets 70.9 Mil
  • Adj. Expense Ratio
    1.220%
  • 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.

Decreased confidence in Wavelength's prospects relative to its Morningstar Category peers results in a downgrade in this strategy's Morningstar Medalist Rating to Bronze from Silver.

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Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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Portfolio Holdings WAVLX

  • 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