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Morningstar

Bramshill Multi-Strategy Income A BDKAX

Morningstar Medalist Rating
Medalist Rating as of | See Liberty Street Investment Hub
  • NAV / 1-Day Return 6.50  /  +0.15 %
  • Total Assets 240.1 Mil
  • Adj. Expense Ratio
    1.760%
  • Expense Ratio 1.790%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.19%
  • Effective Duration —

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:15 PM GMT+0

Morningstar’s Analysis BDKAX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Bramshill Multi-Strategy Income A to a Morningstar Medalist Rating of Negative.

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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings BDKAX

More BDKAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MS Liquidity Fds Euro Lqdy Instl Acc

9.59 21.5 Mil
—

Western Alliance Bk Phoenix Az FRN 9.44%

4.65 10.4 Mil
Securitized

United States Treasury Bills 0%

4.56 10.2 Mil
Government

CONNECTICUT AVENUE SECURITIES TRUST 14.7%

3.99 9.0 Mil
Securitized

FARM 2023-1 MORTGAGE TRUST 3.03%

2.45 5.5 Mil
Securitized

Western Alliance Bk Phoenix Az FRN 10.69%

2.34 5.2 Mil
Securitized

JPMorgan Chase Bank, National Association 9.81%

2.34 5.2 Mil
Securitized

Federal Home Loan Mortgage Corp. 14.65%

2.29 5.1 Mil
Securitized

AMSR 2020-SFR1 Trust 8.19%

2.26 5.1 Mil
Securitized

REDWOOD FUNDING TRUST 2023-1 7.5%

2.22 5.0 Mil
Securitized