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Changing Parameters CPMPX

Medalist Rating as of | See Changing Parameters Investment Hub
  • NAV / 1-Day Return 10.67  /  0.00
  • Total Assets 89.8 Mil
  • Adj. Expense Ratio
    2.450%
  • Expense Ratio 2.640%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.91%
  • Effective Duration 4.81 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 12:27 AM GMT+0

Morningstar’s Analysis CPMPX

Will CPMPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Strength in Changing Parameters's People Pillar is partially offset by an Average Process Pillar rating, leading 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.

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Portfolio Holdings CPMPX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 92.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock High Yield Bond Instl

45.68 41.2 Mil

MainStay MacKay High Yield Muncpl Bd I

14.97 13.5 Mil

Nuveen Preferred Secs & Inc I

10.05 9.1 Mil

PIMCO Emerging Markets Bond Instl

9.97 9.0 Mil

Federated Hermes Govt Obl IS

7.20 6.5 Mil
Cash and Equivalents

Lord Abbett Floating Rate I

7.14 6.4 Mil

JPMorgan Hedged Equity I

4.99 4.5 Mil