Morningstar

Spectrum Active Advantage Fund Investor Class SAPEX

Morningstar Medalist Rating
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Medalist Rating as of See Advisors Preferred Investment Hub
  • NAV / 1-Day Return $18.55  /  −0.27 %
  • Fund Size $9.6M
  • Adjusted Expense Ratio 2.880%
  • Net Expense Ratio 1.790%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Tactical Allocation
  • Equity Style Box (Funds) Mid Value
  • Fixed-Income Style Box (Funds) —
  • Investment Status Open
  • TTM Yield 4.53%
  • Turnover Ratio 870%
NAV and 1-Day Return as of

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 66.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Aqr Long-Srt Eq Fu C

19.15 3M
—

BlackRock Global Equity Mkt Netrl K

11.00 2M
—

Recv Aqr Dive Strat Fund

10.75 2M
—

United States Treasury Bills 0%

7.75 1M
Government

Invesco S&P 500® Equal Weight ETF

7.50 1M
—

United States Treasury Bills 0%

6.54 928,614
Government

Us Dollars

5.99 850,000
Cash and Equivalents

First American Government Obligs Z

5.25 745,788
Cash and Equivalents

Fidelity Inv MM Government I

5.25 745,788
Cash and Equivalents

State Street®HlthCrSelSectSPDR®ETF

3.80 539,444
—

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