The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.
Wavelength WAVLX
- NAV / 1-Day Return 9.33 / +0.32 %
- Total Assets 73.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.220%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 4.67%
- Effective Duration 3.75 years
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0
Morningstar’s Analysis WAVLX
Will WAVLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 65.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
2 Year Treasury Note Future June 24 | 10.45 | 11.5 Mil | Government |
Invesco Senior Loan ETF | 9.31 | 10.2 Mil | — |
SPDR® Blmbg ST HY Bd ETF | 7.43 | 8.1 Mil | — |
5 Year Treasury Note Future June 24 | 7.42 | 8.1 Mil | Government |
Vanguard Mortgage-Backed Secs ETF | 7.20 | 7.9 Mil | — |
iShares Broad USD High Yield Corp Bd ETF | 5.71 | 6.3 Mil | — |
Vanguard Short-Term Infl-Prot Secs ETF | 5.64 | 6.2 Mil | — |
10 Year Treasury Note Future June 24 | 4.35 | 4.8 Mil | Government |
VanEck EM High Yield Bond ETF | 3.97 | 4.4 Mil | — |
iShares TIPS Bond ETF | 3.97 | 4.4 Mil | — |