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Morningstar

Medlst Shrt Dur Inst SEMIX

Morningstar Medalist Rating
Medalist Rating as of | See Medalist Partner Investment Hub
  • NAV / 1-Day Return 9.45  /  +0.05 %
  • Total Assets 300.9 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 6.46%
  • Effective Duration 0.93 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SEMIX

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

  • People Pillar

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

Weakness in Medlst Shrt Dur Inst's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings SEMIX

More SEMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

3.76 12.1 Mil
Cash and Equivalents

US DOLLARS

1.22 3.9 Mil
Cash and Equivalents

JP Morgan Mortgage Trust 2019-6 4.28%

1.12 3.6 Mil
Securitized

TRTX 2022-FL5 ISSUER, LTD 7.48%

1.11 3.6 Mil
Securitized

Freddie Mac Stacr Remic Trust 7.83%

1.10 3.6 Mil
Securitized

Freddie Mac Stacr Remic Trust 7.63%

1.09 3.5 Mil
Securitized

Freddie Mac Stacr Remic Trust 8.38%

1.07 3.5 Mil
Securitized

STAR 2021-SFR1 7.14%

1.05 3.4 Mil
Securitized

CONNECTICUT AVENUE SECURITIES TRUST 6.88%

1.03 3.3 Mil
Securitized

BDS LTD 7.78%

0.99 3.2 Mil
Securitized