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Morningstar

Spectrum Unconstrained Investor SUNBX

Morningstar Medalist Rating
Medalist Rating as of | See Advisors Preferred Investment Hub
  • NAV / 1-Day Return 18.77  /  +0.05 %
  • Total Assets 8.0 Mil
  • Adj. Expense Ratio
    2.750%
  • Expense Ratio 2.750%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.84%
  • Effective Duration 3.69 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:18 PM GMT+0

Morningstar’s Analysis SUNBX

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

  • People Pillar

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

Decreased confidence in Spectrum Unconstrained Investor's prospects relative to its Morningstar Category peers results in a downgrade in this strategy's Morningstar Medalist Rating to Neutral from Bronze.

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SUNBX

More SUNBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 168.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Recv Invesco Exch Traded

46.20 3.7 Mil
—

Recv Ishares Tr Pfd And I

24.41 2.0 Mil
—

Recv Ishares Tr Iboxx Hi

24.37 2.0 Mil
—

United States Treasury Bills 0%

17.30 1.4 Mil
Government

Recv Ishares Tr Jp Mor Em

14.85 1.2 Mil
—

Recv Vaneck Etf Trust Hig

10.02 805,428
—

Recv Vaneck Etf Trust Hig

9.96 800,265
—

First Trust Preferred Sec & Inc I

9.77 784,880
—

Segall Bryant & Hamill Qua Hi Yld Inst

9.77 784,874
—

Bramshill Multi-Strategy Income Instl

9.76 784,541
—