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Morningstar

Toews Unconstrained Income TUIFX

Morningstar Medalist Rating
Medalist Rating as of | See Toews Funds Investment Hub
  • NAV / 1-Day Return 9.18  /  −0.11 %
  • Total Assets 42.0 Mil
  • Adj. Expense Ratio
    1.360%
  • Expense Ratio 1.360%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 4.05%
  • Effective Duration 3.25 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:16 AM GMT+0

Morningstar’s Analysis TUIFX

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

  • People Pillar

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

Increased confidence in Toews Unconstrained Income's prospects relative to its Morningstar Category peers leads to an upgrade in this strategy's Morningstar Medalist Rating to Neutral from 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 TUIFX

More TUIFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

33.06 22.3 Mil
Government

United States Treasury Bills 0%

32.90 22.1 Mil
Government

SPDR® Blmbg High Yield Bd ETF

11.42 7.7 Mil
—

iShares iBoxx $ High Yield Corp Bd ETF

10.65 7.2 Mil
—

BlackRock High Yield Bond Instl

7.68 5.2 Mil
—

PIMCO High Yield Instl

3.81 2.6 Mil
—

Banksafe Toews Money Market

0.48 325,470
Cash and Equivalents