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Morningstar

Aspiriant Risk-Managed Municipal Bond RMMBX

Morningstar Medalist Rating
Medalist Rating as of | See Aspiriant Investment Hub
  • NAV / 1-Day Return 9.32  /  0.00
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.64%
  • Effective Duration —

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 12:05 AM GMT+0

Morningstar’s Analysis RMMBX

Will RMMBX 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 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.

Aspiriant Risk-Managed Municipal Bond's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RMMBX

More RMMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares National Muni Bond ETF

10.63 129.8 Mil
—

Mackay Municipal Opportunities Fund Lp Open-End

7.48 91.4 Mil
—

Blackrock Liquidity Funds Municash

5.10 62.3 Mil
Cash and Equivalents

Mackay Municipal Credit Opportunities Fund Lp

2.25 27.5 Mil
—

JPMorgan Prime Money Market Morgan

1.47 17.9 Mil
Cash and Equivalents

ILLINOIS FIN AUTH REV 5.25%

0.39 4.8 Mil
municipal

PORT AUTH N Y & N J 5%

0.38 4.6 Mil
municipal

PORT AUTH N Y & N J 5%

0.35 4.2 Mil
municipal

REGIONAL TRANSN DIST COLO SALES TAX REV 5%

0.34 4.1 Mil
municipal

TEXAS PUB FIN AUTH LEASE REV 4%

0.34 4.1 Mil
municipal