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.
Intrepid Income Institutional ICMUX
- NAV / 1-Day Return 8.87 / 0.00
- Total Assets 527.2 Mil
-
Adj. Expense Ratio
- 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 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0
Morningstar’s Analysis ICMUX
Will ICMUX 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 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 |