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Morningstar

Maine Municipal A MEMUX

Morningstar Medalist Rating
Medalist Rating as of | See Integrity Investment Hub
  • NAV / 1-Day Return 9.52  /  +0.02 %
  • Total Assets 8.5 Mil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.66%
  • Effective Duration —

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 9:56 PM GMT+0

Morningstar’s Analysis MEMUX

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

  • People Pillar

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

Weakness in Maine Municipal A's People and Process 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MEMUX

More MEMUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 61.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5.25%

9.91 1.1 Mil
municipal

AUGUSTA ME 5%

9.52 1.0 Mil
municipal

MAINE ST HSG AUTH MTG PUR 4.95%

9.41 1.0 Mil
municipal

SCHOOL ADMINISTRATIVE DIST NO 28 ME 4%

4.74 508,320
municipal

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5%

4.67 501,075
municipal

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5%

4.67 500,985
municipal

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5%

4.67 500,805
municipal

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5%

4.66 500,195
municipal

MAINE ST HSG AUTH MTG PUR 4.45%

4.57 490,825
municipal

GORHAM ME 4%

4.44 476,760
municipal