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Morningstar

Navigator Tactical Fixed Income A NTBAX

Morningstar Medalist Rating
Medalist Rating as of | See NAVigator Investment Hub
  • NAV / 1-Day Return 9.71  /  +0.41 %
  • Total Assets 7.1 Bil
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.320%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 5.52%
  • Effective Duration 3.31 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:15 PM GMT+0

Morningstar’s Analysis NTBAX

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

  • People Pillar

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

A lowering of its Process Pillar rating is the primary driver of Navigator Tactical Fixed Income A's downgrade to a Morningstar Medalist Rating of Neutral from Silver.

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 NTBAX

More NTBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 37.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares iBoxx $ High Yield Corp Bd ETF

20.43 1.4 Bil
—

United States Treasury Bills 0%

7.42 496.5 Mil
Government

United States Treasury Bills 0%

7.41 495.6 Mil
Government

United States Treasury Notes 5.45075%

7.02 469.9 Mil
Government

Dreyfus Treasury Obligations Csh Mgt Ins

5.92 395.8 Mil
Cash and Equivalents

United States Treasury Bills 0%

5.18 346.8 Mil
Government

United States Treasury Bills 0%

5.18 346.5 Mil
Government

United States Treasury Bills 0%

4.46 298.2 Mil
Government

SPDR® Blmbg High Yield Bd ETF

4.30 287.9 Mil
—

United States Treasury Bills 0%

3.72 249.0 Mil
Government