Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Sterling Capital Ultra Short Bond Instl BUSIX
- NAV / 1-Day Return 9.75 / +0.01 %
- Total Assets 27.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.430%
- Distribution Fee Level Above Average
- Share Class Type Institutional
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 4.55%
- Effective Duration 0.53 years
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 12:21 AM GMT+0
Morningstar’s Analysis BUSIX
Will BUSIX 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 15.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bills 5.30752% | 3.61 | 994,751 | Government |
HERTZ VEHICLE FINANCING III LLC 1.21% | 1.95 | 536,979 | Securitized |
Federated Hermes Treasury Obl IS | 1.93 | 531,343 | Cash and Equivalents |
ENTERPRISE FLEET FINANCING 2022-1 LLC 3.27% | 1.92 | 530,133 | Securitized |
Federal National Mortgage Association 3% | 1.75 | 481,840 | Securitized |
Avis Budget Rental Car Funding AESOP LLC 2.36% | 1.68 | 463,623 | Securitized |
ONEMAIN FINANCIAL ISSUANCE TRUST 2022-3 5.94% | 1.64 | 452,467 | Securitized |
Wells Fargo & Co. 0.805% | 1.44 | 396,956 | Corporate |
Morgan Stanley 0.864% | 1.41 | 389,005 | Corporate |
FORD CREDIT AUTO OWNER TRUST 2.04% | 1.39 | 383,347 | Securitized |