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.
Medlst Shrt Dur Inv SEMRX
- NAV / 1-Day Return 9.39 / −0.09 %
- Total Assets 308.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.860%
- Distribution Fee Level High
- Share Class Type No Load
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 6.14%
- Effective Duration 0.79 years
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:13 AM GMT+0
Morningstar’s Analysis SEMRX
Will SEMRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 12.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
First American Government Obligs X | 2.40 | 6.7 Mil | Cash and Equivalents |
LSTAR SECURITIES INVESTMENT LTD 2023-1 8.81% | 1.59 | 4.4 Mil | Securitized |
JP Morgan Mortgage Trust 2019-6 4.25% | 1.35 | 3.8 Mil | Securitized |
Freddie Mac Stacr Remic Trust 7.64% | 1.31 | 3.6 Mil | Securitized |
TRTX 2022-FL5 ISSUER, LTD 7.5% | 1.26 | 3.5 Mil | Securitized |
Freddie Mac Stacr Remic Trust 8.39% | 1.24 | 3.5 Mil | Securitized |
PAGAYA AI DEBT SELECTION TRUST 1.22% | 1.23 | 3.4 Mil | Securitized |
Freddie Mac Stacr Remic Trust 6.59% | 1.21 | 3.4 Mil | Securitized |
CONNECTICUT AVENUE SECURITIES TRUST 6.89% | 1.21 | 3.4 Mil | Securitized |
STAR 2021-SFR1 7.15% | 1.20 | 3.3 Mil | Securitized |