Morningstar

Spectrum Active Advantage Fund Investor Class SAPEX

Morningstar Medalist Rating
Medalist Rating as of | See Advisors Preferred Investment Hub
  • NAV / 1-Day Return 18.88  /  −0.89 %
  • Total Assets 9.8M
  • Adj. Expense Ratio
    2.880%
  • Expense Ratio 1.790%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Tactical Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 4.49%
  • Turnover 870%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:47 AM GMT+0

Morningstar’s Analysis SAPEX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Spectrum Active Advantage Investor holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings SAPEX

More SAPEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 83.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Aqr Equity Market Ne

31.36 3M
—

Aqr Long-Srt Eq Fu C

27.23 3M
—

United States Treasury Bills 0%

25.68 3M
Government

United States Treasury Bills 0%

13.71 1M
Government

Us Dollars

11.65 1M
Cash and Equivalents

Invesco S&P 500® Equal Weight ETF

9.56 959,600
—

United States Treasury Bills 0%

9.06 909,672
Government

Fidelity Inv MM Government I

7.48 751,381
Cash and Equivalents

First American Government Obligs Z

7.48 751,380
Cash and Equivalents

Ambassador Institutional

5.16 518,034
—

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