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Morningstar

Saratoga Energy & Basic Materials I SEPIX

Morningstar Analyst Rating
Quantitative rating as of | See Saratoga Investment Hub
  • NAV / 1-Day Return 13.42  /  1.11 %
  • Total Assets 1.9 Mil
  • Adj. Expense Ratio
    3.000%
  • Expense Ratio 3.220%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Natural Resources
  • Investment Style Large Value
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.59%
  • Turnover 43%

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis SEPIX

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

People Pillar

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

Summary

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The combination of an Average People Pillar rating and a Low Process Pillar rating limit Saratoga Energy & Basic Materials I to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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