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Morningstar

Channel Short Duration Income CPSIX

Morningstar Medalist Rating
Medalist Rating as of | See Channel Investment Partners Investment Hub
  • NAV / 1-Day Return 9.44  /  0.32 %
  • Total Assets 30.5 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.28%
  • Effective Duration 2.06 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:25 PM GMT+0

Morningstar’s Analysis CPSIX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Channel Short Duration Income's Average People and Parent ratings limit this strategy to a Morningstar Medalist Rating of Neutral. 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
Rated on Published on

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Portfolio Holdings CPSIX

More CPSIX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 46
  • Other Holdings 7
  • % Assets in Top 10 Holdings 35.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Genworth Financial Inc. 6.86607%

5.47
1,689,178
Corporate

United Air Lines, Inc. 4%

4.87
1,504,518
Securitized

Bank of America Corporation 1.319%

3.71
1,145,549
Corporate

Range Resources Corp. 4.875%

3.20
988,486
Corporate

American Airlines, Inc. 3.75%

3.20
987,672
Securitized

Truist Financial Corporation 4%

3.16
977,632
Corporate

Fifth Third Bancorp 2.375%

3.07
948,910
Corporate

Energy Transfer LP 6.5%

2.87
886,153
Corporate

T-Mobile USA, Inc. 2.625%

2.87
884,986
Corporate

United Air Lines, Inc. 3.75%

2.82
870,369
Securitized