Morningstar

Free Market Fixed Income Fund Institutional Class FMFIX

Morningstar Medalist Rating
Medalist Rating as of | See Matson Money Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.10 %
  • Total Assets 3.4B
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.540%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.79%
  • Effective Duration 3.48 years

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 1:11 AM GMT+0

Morningstar’s Analysis FMFIX

Will FMFIX outperform in the 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 FMFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Free Market Fixed Income Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FMFIX

More FMFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DFA Two-Year Global Fixed-Income I

24.99 826M
—

iShares 1-5 Year invmt Grd Corp Bd ETF

23.99 793M
—

iShares Core International Aggt Bd ETF

15.01 496M
—

DFA One-Year Fixed-Income I

14.45 478M
—

DFA Intermediate Govt Fixed-Income I

5.99 198M
—

iShares 5-10 Year invmt Grd Corp Bd ETF

5.99 198M
—

Dimensional Inflation-Protected Sec ETF

4.99 165M
—

DFA Short-Term Government I

3.98 132M
—

Invesco Shrt-Trm Inv Gov&Agcy Instl

0.55 18M
Cash and Equivalents

US DOLLARS

0.06 2M
Cash and Equivalents

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