Skip to Content
Morningstar

First Foundation Fixed Income Y FFBYX

Morningstar Medalist Rating
Medalist Rating as of | See First Foundation Investment Hub
  • NAV / 1-Day Return 10.93  /  −0.34 %
  • Total Assets 88.1 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.66%
  • 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 FFBYX

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

  • People Pillar

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

First Foundation Fixed Income Y's recent fee hike and decreased People Pillar rating result in a downgrade of this strategy's Morningstar Medalist Rating to Neutral from Bronze.

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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FFBYX

More FFBYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 2.25%

5.11 5.0 Mil
Government

United States Treasury Bonds 1.25%

4.98 4.8 Mil
Government

Southwest Airlines Co. 7.375%

3.35 3.3 Mil
Corporate

Government National Mortgage Association 5.5%

3.11 3.0 Mil
Securitized

The Charles Schwab Corporation 5.375%

2.43 2.4 Mil
Corporate

Government National Mortgage Association 2.598%

2.14 2.1 Mil
Securitized

Pacific Gas and Electric Company 2.5%

2.12 2.1 Mil
Corporate

Government National Mortgage Association 6%

2.10 2.0 Mil
Securitized

Edison International 5.375%

2.06 2.0 Mil
Corporate

Federal Home Loan Mortgage Corp. 2.455%

1.94 1.9 Mil
Securitized