Morningstar

Morningstar Defensive Bond Fund MSTBX

Rating as of Sep 30, 2026 See Morningstar Investment Hub

NAV / 1-Day Return $9.66 / 0.00
Fund Size $97.6M
Adjusted Expense Ratio 0.510%
Net Expense Ratio 0.480%
Fee Level: Distribution Above Average
Share Class Type Institutional
Morningstar Category Short-Term Bond
Fixed-Income Style Box (Funds) High/Limited
Minimum Initial Investment $0
Investment Status Open
TTM Yield 3.82%
Average Effective Duration 2.37 yrs

NAV and 1-Day Return as of Oct 28, 2026, 12:13:30 AM

There is no Morningstar’s Analysis data available.

Portfolio Holdings MSTBX

More MSTBX Holdings

Current Portfolio Date Sep 30, 2026
Equity Holdings —
Bond Holdings —
Other Holdings —
% Assets in Top 10 Holdings —

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Schwab Short-Term US Treasury ETF™	33.19	33M	—
iShares Ultra Short Duration Bd Actv ETF	12.28	12M	—
Vanguard Short-Term Infl-Prot Secs ETF	7.67	8M	—
United States Treasury Notes 3.75%	5.62	6M	Government
Northern Institutional Treasury Premier	3.63	4M	Cash and Equivalents
United States Treasury Notes 3.5%	2.50	2M	Government
United States Treasury Notes 3.875%	1.13	1M	Government
PHI Group Inc	1.01	997,560	Industrials
United States Treasury Bills 0%	0.97	960,808	Government
Federal National Mortgage Association 1%	0.83	818,232	Securitized

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