Morningstar

iMGP APA Enhanced Income Municipal Fund Institutional Class APAMX

Morningstar Medalist Rating
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Medalist Rating as of See iM Global Investment Hub
  • NAV / 1-Day Return $9.65  /  +0.12 %
  • Fund Size $15.3M
  • Adjusted Expense Ratio 0.590%
  • Net Expense Ratio 0.600%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $10,000
  • Investment Status Open
  • TTM Yield 3.59%
  • Average Effective Duration 4.01 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis APAMX

Will APAMX outperform in the 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 APAMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

iMGP APA Enhanced Inc Muncpl Inst holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings APAMX

More APAMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HEALTH FACS FING AUTH REV 5%

4.63 758,753
municipal

PRIVATE COLLEGES & UNIVS AUTH GA REV 5.25%

4.17 684,231
municipal

OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV 6%

4.12 675,759
municipal

HOUSTON TEX HOTEL OCCUPANCY TAX & SPL REV 5%

3.13 513,138
municipal

AQUARION WTR AUTH CONN WTR SYS REV 5.25%

3.06 501,516
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

3.05 500,199
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

2.91 476,578
municipal

PORT AUTH N Y & N J 3.25%

2.50 409,346
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 5.25%

2.26 370,455
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.16 354,708
municipal

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