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Morningstar

Donoghue Forlines Tactical Income A PWRAX

Morningstar Analyst Rating
Quantitative rating as of | See Donoghue Forlines Investment Hub
  • NAV / 1-Day Return 8.83  /  0.23 %
  • Total Assets 44.6 Mil
  • Adj. Expense Ratio
    1.780%
  • Expense Ratio 2.100%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.26%
  • Effective Duration 4.06 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis PWRAX

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

People Pillar

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

Summary

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Donoghue Forlines Tactical Income A earns a Morningstar Quantitative Rating of Negative on the basis of subpar ratings in both the Process and Parent Pillars. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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