On Feb. 15, 2024, Magellan announced the appointment of Sophia Rahmani as managing director of Magellan Asset Management. Rahmani joins Magellan from Maple-Brown Abbott, where she served as CEO and managing director. Andrew Formica will remain as executive chairman of Magellan’s board, though it is intended for Formica to transition to nonexecutive chairman upon Rahmani becoming CEO of Magellan Financial Group within the next 12 months. While this appointment is an encouraging step forward for the group after the challenged period under David George’s leadership, at this stage we maintain our current Parent Pillar rating of Average.
Frontier MFG Global Equity Institutional FMGEX
- NAV / 1-Day Return 2.49 / −0.22 %
- Total Assets 1.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.800%
- Distribution Fee Level Above Average
- Share Class Type Institutional
- Category Large Growth
- Investment Style Large Growth
- Min. Initial Investment 1.0 Mil
- Status Limited
- TTM Yield 1.54%
- Turnover 39%
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:38 AM GMT+0
Morningstar’s Analysis FMGEX
Will FMGEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 34.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
U.S. Bank Money Market Deposit Account | 173.52 | 9.2 Mil | Cash and Equivalents |
Asset Offset | 29.42 | 1.6 Mil | — |
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