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Morningstar

Sterling Capital Ultra Short Bond A BUSRX

Morningstar Medalist Rating
Medalist Rating as of | See Sterling Capital Investment Hub
  • NAV / 1-Day Return 9.75  /  +0.01 %
  • Total Assets 27.7 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.30%
  • Effective Duration 0.53 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:20 AM GMT+0

Morningstar’s Analysis BUSRX

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

  • People Pillar

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

Weakness in Sterling Capital Ultra Short Bond A's People and Process Pillar ratings limits this strategy 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 BUSRX

More BUSRX Holdings
  • 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