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Morningstar

Ambassador EMPIX

Morningstar Medalist Rating
Medalist Rating as of | See EMBASSY Investment Hub
  • NAV / 1-Day Return 9.99  /  +0.10 %
  • Total Assets 260.8 Mil
  • Adj. Expense Ratio
    1.340%
  • Expense Ratio 1.620%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 10.17%
  • Effective Duration —

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:13 PM GMT+0

Morningstar’s Analysis EMPIX

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

  • People Pillar

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

Weakness in Ambassador's People and Process 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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings EMPIX

More EMPIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

4.96 8.0 Mil
Government

Lightning Re Ltd. Series 2023-1 11%

4.25 6.8 Mil
Corporate

United States Treasury Bills 0%

4.01 6.5 Mil
Government

Consulate Re 2023-2a Preferred Note

3.10 5.0 Mil
Corporate

Galileo Re Ltd. 7%

3.00 4.8 Mil
Corporate

Blue Ridge Re Ltd. 5.25%

2.98 4.8 Mil
Corporate

Merna Reinsurance II Ltd. 7.75%

2.85 4.6 Mil
Corporate

Consulate Re 2024-1a Preferred Note

2.82 4.5 Mil
Corporate

Consulate Re 2024-2a Preferred Note

2.77 4.5 Mil
Corporate

Consulate Re 2024-3a Preferred Note

2.58 4.1 Mil
Corporate