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Morningstar

Symmetry Panoramic Municipal Fxd Inc I SPMFX

Morningstar Medalist Rating
Medalist Rating as of | See Symmetry Partners Investment Hub
  • NAV / 1-Day Return 9.94  /  −0.10 %
  • Total Assets 37.9 Mil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.76%
  • Effective Duration 2.50 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 12:06 AM GMT+0

Morningstar’s Analysis SPMFX

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

  • People Pillar

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

Weakness in Symmetry Panoramic Municipal Fxd Inc 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 second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings SPMFX

More SPMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DFA Short Term Municipal Bond I

48.03 19.0 Mil
—

DFA Intermediate-Term Municipal Bd I

25.00 9.9 Mil
—

iShares Short-Term National Muni Bd ETF

11.07 4.4 Mil
—

Vanguard Tax-Exempt Bond ETF

10.17 4.0 Mil
—

iShares National Muni Bond ETF

5.12 2.0 Mil
—

DWS Government Money Market Series Instl

0.61 239,543
Cash and Equivalents