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Morningstar

Community Development A CDCDX

Morningstar Medalist Rating
Medalist Rating as of | See Community Development Fund Investment Hub
  • NAV / 1-Day Return 8.68  /  −0.23 %
  • Total Assets 134.0 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.66%
  • Effective Duration —

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 PM GMT+0

Morningstar’s Analysis CDCDX

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

  • People Pillar

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

Increased confidence in Community Development A's prospects relative to its Morningstar Category peers leads to an upgrade in this strategy's Morningstar Medalist Rating to Neutral from 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CDCDX

More CDCDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Asset Offset

21.02 28.1 Mil
—

Cash Offset

19.60 26.2 Mil
—

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.05%

3.77 5.0 Mil
Securitized

Federal National Mortgage Association 4.4%

3.69 4.9 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.90074%

3.51 4.7 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.08%

3.28 4.4 Mil
Securitized

Fnma Pass-Thru I 2.5%

3.14 4.2 Mil
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 2.25%

3.07 4.1 Mil
Securitized

Government National Mortgage Association 3.5%

2.76 3.7 Mil
Securitized

Fidelity Inv MM Government I

2.53 3.4 Mil
Cash and Equivalents