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Morningstar

Saratoga Municipal Bond I SMBPX

Morningstar Medalist Rating
Medalist Rating as of | See Saratoga Investment Hub
  • NAV / 1-Day Return 8.51  /  0.12 %
  • Total Assets 547,704.0
  • Adj. Expense Ratio
    3.090%
  • Expense Ratio 3.090%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield —
  • Effective Duration 3.19 years

USD | NAV as of Sep 30, 2023 | 1-Day Return as of Sep 30, 2023, 12:17 AM GMT+0

Morningstar’s Analysis SMBPX

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

People Pillar

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

Weakness in Saratoga Municipal Bond I's Process and People 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SMBPX

More SMBPX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 5
  • % Assets in Top 10 Holdings 95.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Dreyfus Tx-Ex Cash Mgmt Instl

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Corporate

Cash

1.07
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Cash and Equivalents

Us Dollars

< 0.01
6
Cash and Equivalents