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Morningstar

Intrepid Income Institutional ICMUX

Morningstar Medalist Rating
Medalist Rating as of | See Intrepid Investment Hub
  • NAV / 1-Day Return 8.85  /  −0.11 %
  • Total Assets 518.7 Mil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.010%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 8.84%
  • Effective Duration —

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:12 AM GMT+0

Morningstar’s Analysis ICMUX

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

  • People Pillar

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

Intrepid Income Institutional earns a Morningstar Medalist Rating of Neutral with strength in areas such as Process offset by weaker spots such as People.

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 ICMUX

More ICMUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

USD/EUR FWD 20240102 Purchased

6.58 26.2 Mil
Derivative

USD/CAD FWD 20240401 Purchased

6.19 24.7 Mil
Derivative

QVC, Inc. 4.85%

3.89 15.5 Mil
Corporate

Cimpress PLC 7%

3.84 15.3 Mil
Corporate

Abercrombie & Fitch Management Co 8.75%

3.55 14.2 Mil
Corporate

Equitrans Midstream Corp PRF PERPETUAL USD - Ser 4/A2

3.52 14.1 Mil
Energy

EUR/USD FWD 20240102 Purchased

3.42 13.6 Mil
Derivative

Opnet S.P.A Frn Snr Sec 08/22 Eur100000

3.34 13.3 Mil
Corporate

CAD/USD FWD 20240401 Purchased

3.17 12.6 Mil
Derivative

Conduent Business Services LLC / Conduent State & Local Solutions Inc. 6%

3.05 12.2 Mil
Corporate