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Morningstar

Sterling Capital Short Duration Bond R6 SHTRX

Morningstar Medalist Rating
Medalist Rating as of | See Sterling Capital Investment Hub
  • NAV / 1-Day Return 8.27  /  +0.12 %
  • Total Assets 52.7 Mil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.380%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.10%
  • Effective Duration 1.71 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 12:22 AM GMT+0

Morningstar’s Analysis SHTRX

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

  • People Pillar

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

Weakness in Sterling Capital Short Duration Bond R6's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SHTRX

More SHTRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WORLD OMNI SELECT AUTO TRUST 2023-A 5.65%

2.63 1.4 Mil
Securitized

ENTERPRISE FLEET FINANCING 2023-1 LLC 5.42%

2.21 1.2 Mil
Securitized

HERTZ VEHICLE FINANCING III LLC 1.68%

2.18 1.2 Mil
Securitized

ONEMAIN DIRECT AUTO RECEIVABLES TRUST 3.63%

1.87 991,696
Securitized

Morgan Stanley BAML Trust 3.923%

1.83 972,565
Securitized

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-1 5.23%

1.58 840,534
Securitized

Synchrony Card Issuance Trust 2018-1 5.54%

1.52 809,802
Securitized

SALES TAX SECURITIZATION CORP ILL 4.558%

1.49 793,907
municipal

FORD CREDIT AUTO OWNER TRUST 1.06%

1.32 702,422
Securitized

ONEMAIN FINANCIAL ISSUANCE TRUST 2022-3 5.94%

1.32 700,641
Securitized