Skip to Content
Morningstar

Spectrum Low Volatility Investor SVARX

Morningstar Medalist Rating
Medalist Rating as of | See Advisors Preferred Investment Hub
  • NAV / 1-Day Return 24.66  /  +0.04 %
  • Total Assets 215.1 Mil
  • Adj. Expense Ratio
    2.620%
  • Expense Ratio 2.620%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.34%
  • Effective Duration 4.04 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:13 AM GMT+0

Morningstar’s Analysis SVARX

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

  • People Pillar

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

Decreased confidence in Spectrum Low Volatility 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SVARX

More SVARX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 106.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cs Float Rate H Inc

14.32 32.8 Mil
—

Us Dollar Collateral

11.97 27.4 Mil
Cash and Equivalents

PIMCO High Yield Instl

11.83 27.1 Mil
—

PIMCO Preferred and Capital Secs Instl

10.16 23.2 Mil
—

AB High Income Z

10.10 23.1 Mil
—

BlackRock High Yield Bond K

10.03 22.9 Mil
—

Vanguard High-Yield Corporate Adm

9.95 22.8 Mil
—

Recv Invesco Roch Muni Op

9.93 22.7 Mil
—

Recv Cohen & Steers Prfd

9.91 22.7 Mil
—

PIMCO High Yield Municipal Bond I

9.89 22.6 Mil
—