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Morningstar

First Foundation Fixed Income A FFBAX

Morningstar Medalist Rating
Medalist Rating as of | See First Foundation Investment Hub
  • NAV / 1-Day Return 11.29  /  0.19 %
  • Total Assets 127.7 Mil
  • Adj. Expense Ratio
    0.940%
  • Expense Ratio 0.950%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.89%
  • Effective Duration —

USD | NAV as of Jun 01, 2023 | 1-Day Return as of Jun 01, 2023, 10:22 PM GMT+0

Morningstar’s Analysis FFBAX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

An incline in its Process Pillar rating is the primary driver of First Foundation Fixed Income A's upgrade to a Morningstar Medalist Rating of Silver from Bronze. 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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FFBAX

More FFBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 128
  • Other Holdings 40
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pacific Gas and Electric Company 2.5%

2.46
3,297,517
Corporate

Southwest Airlines Co. 7.375%

2.46
3,292,911
Corporate

JPMorgan Chase & Co DR

2.23
2,988,420
Financial Services

Oaktree Specialty Lending Corp. 3.5%

1.95
2,608,612
Corporate

Edison International 4.125%

1.73
2,319,227
Corporate

WEC Energy Group Inc. 6.71864%

1.60
2,141,542
Corporate

Federal Realty OP LP 3.5%

1.60
2,139,044
Corporate

Government National Mortgage Association 2.598%

1.57
2,104,719
Securitized

FRESB MORTGAGE TRUST 3.48%

1.48
1,988,220
Securitized

United States Treasury Notes 0.625%

1.48
1,978,613
Government