Morningstar

Aspiriant Risk-Managed Municipal Bond Fund RMMBX

Morningstar Medalist Rating
Medalist Rating as of | See Aspiriant Investment Hub
  • NAV / 1-Day Return 9.32  /  −0.21 %
  • Total Assets 1.3B
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.340%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.76%
  • Effective Duration —

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis RMMBX

Will RMMBX outperform in the 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 RMMBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Aspiriant Risk-Managed Municipal Bond holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings RMMBX

More RMMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mackay Municipal Opportunities Fund Lp Open-End

8.30 106M
—

JPMorgan Prime Money Market Inst

2.81 36M
Cash and Equivalents

iShares National Muni Bond ETF

2.72 35M
—

Mackay Municipal Credit Opportunities Fund Lp

2.07 27M
—

BlackRock Liquidity MuniCash Instl

1.75 22M
Cash and Equivalents

NEW YORK N Y 5.25%

0.36 5M
municipal

ILLINOIS FIN AUTH REV 5.25%

0.36 5M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

0.34 4M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.34 4M
municipal

TEXAS PUB FIN AUTH LEASE REV 4%

0.32 4M
municipal

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