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Morningstar

Holbrook Income I HOBIX

Morningstar Medalist Rating
Medalist Rating as of | See Holbrook Holdings Investment Hub
  • NAV / 1-Day Return 9.62  /  −0.09 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.130%
  • Expense Ratio 1.130%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 7.47%
  • Effective Duration 1.33 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 12:02 AM GMT+0

Morningstar’s Analysis HOBIX

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

  • People Pillar

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

Holbrook Income I boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings HOBIX

More HOBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

4.84 71.4 Mil
Cash and Equivalents

United States Treasury Notes 0.125%

2.92 43.1 Mil
Government

United States Treasury Bonds 2.375%

2.88 42.5 Mil
Government

B. Riley Financial Inc 0%

2.77 40.9 Mil
Corporate

Charah Solutions Inc 0%

2.32 34.3 Mil
Corporate

Gladstone Capital Corporation 5.125%

2.16 31.9 Mil
Corporate

B. Riley Financial Inc 0%

2.07 30.5 Mil
Corporate

Ows Cre Funding I LLC 10.33981%

2.00 29.6 Mil
Securitized

Pennantpark Floating Rate Capital Limited 4.25%

1.89 27.9 Mil
Corporate

Trinity Capital Inc. 0%

1.82 26.9 Mil
Corporate