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Morningstar

IMS Strategic Income IMSIX

Morningstar Medalist Rating
Medalist Rating as of | See IMS Investment Hub
  • NAV / 1-Day Return 2.08  /  +0.48 %
  • Total Assets 12.7 Mil
  • Adj. Expense Ratio
    1.970%
  • Expense Ratio 2.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Tactical Allocation
  • Investment Style Mid Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 6.83%
  • Turnover 477%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 9:52 PM GMT+0

Morningstar’s Analysis IMSIX

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

  • People Pillar

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

Weakness in IMS Strategic Income's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

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 IMSIX

More IMSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Govt Obl IS

13.94 2.1 Mil
Cash and Equivalents

Staples, Inc.

4.68 713,178
Corporate

Royal Caribbean Group

4.28 651,576
Corporate

Service Properties Trust

4.08 621,959
Corporate

Mattel, Inc.

3.94 599,852
Corporate

Ford Motor Company

3.81 580,335
Corporate

Bank of Montreal

3.68 560,160
Corporate

Societe Generale S.A.

3.67 559,515
Corporate

Navient Corporation

3.67 558,961
Corporate

Occidental Petroleum Corporation

3.50 533,300
Corporate