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Morningstar

Donoghue Forlines Risk Managed Income A FLOAX

Morningstar Medalist Rating
Medalist Rating as of | See Donoghue Forlines Investment Hub
  • NAV / 1-Day Return 10.02  /  0.30 %
  • Total Assets 64.3 Mil
  • Adj. Expense Ratio
    1.750%
  • Expense Ratio 1.750%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.25%
  • Effective Duration 0.55 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 12:21 AM GMT+0

Morningstar’s Analysis FLOAX

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

People Pillar

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

Weakness in Donoghue Forlines Risk Managed Income A's Process and People Pillar ratings limits this strategy 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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FLOAX

More FLOAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 11
  • % Assets in Top 10 Holdings 98.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Invesco Senior Loan ETF

29.79
31,738,434
—

SPDR Blackstone Senior Loan ETF

18.05
19,229,196
—

SPDR® Blmbg ST HY Bd ETF

14.07
14,986,494
—

Lord Abbett Floating Rate I

9.09
9,685,974
—

Eaton Vance Floating-Rate Advantage I

9.08
9,677,783
—

BlackRock Floating Rate Income Instl

9.07
9,662,206
—

Virtus Seix Floating Rate High Inc I

9.04
9,625,898
—

Fidelity® Inv MM Fds Government I

1.33
1,416,831
Cash and Equivalents

Us Dollars

0.24
256,174
Cash and Equivalents

Cash

0.19
199,752
Cash and Equivalents