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Morningstar

Tributary Income Instl FOINX

Morningstar Medalist Rating
Medalist Rating as of | See Tributary Investment Hub
  • NAV / 1-Day Return 8.86  /  0.35 %
  • Total Assets 159.9 Mil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.07%
  • Effective Duration 5.90 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:14 PM GMT+0

Morningstar’s Analysis FOINX

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

People Pillar

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

A sound investment process and strong management team underpin Tributary Income Instl's Morningstar Medalist Rating of Silver.

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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FOINX

More FOINX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 200
  • Other Holdings 5
  • % Assets in Top 10 Holdings 27.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.875%

7.75
12,000,371
Government

United States Treasury Bonds 3.625%

4.26
6,601,252
Government

United States Treasury Notes 1.5%

3.83
5,927,158
Government

United States Treasury Bonds 2%

3.21
4,975,710
Government

Federal Home Loan Mortgage Corporation 4%

1.69
2,616,948
Securitized

Fnma Pass-Thru I 3%

1.60
2,478,129
Securitized

Fnma Pass-Thru I 3.5%

1.21
1,877,577
Securitized

Fnma Pass-Thru I 3.5%

1.21
1,877,327
Securitized

United States Treasury Notes 2.25%

1.19
1,841,641
Government

Fnma Pass-Thru I 5%

1.13
1,750,805
Securitized