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Morningstar

Tributary Shrt/Interm Bond Instl Plus FOSPX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.78  /  0.11 %
  • Total Assets 233.5 Mil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.480%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 2.20%
  • Effective Duration 1.84 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 10:42 PM GMT+00:00

Morningstar’s Analysis FOSPX

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

People Pillar

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

Summary

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A strong management team and sound investment process underpin Tributary Shrt/Interm Bond Instl Plus's Morningstar Quantitative Rating of Gold. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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