Morningstar

Intrepid Income Institutional ICMUX

Morningstar Medalist Rating
Medalist Rating as of | See Intrepid Investment Hub
  • NAV / 1-Day Return 9.06  /  0.00
  • Total Assets 757.0 Mil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.010%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 8.10%
  • Effective Duration —

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:20 PM GMT+0

Morningstar’s Analysis ICMUX

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

  • People Pillar

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

Strength in Intrepid Income Institutional's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

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-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ICMUX

More ICMUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

USD/CAD FWD 20241001 Purchased

5.15 30.9 Mil
Derivative

USD/EUR FWD 20240701 Purchased

4.47 26.8 Mil
Derivative

USD/EUR FWD 20240930 Purchased

4.42 26.5 Mil
Derivative

Cimpress PLC 7%

3.89 23.3 Mil
Corporate

Skillz Inc 10.25%

3.08 18.4 Mil
Corporate

Equitrans Midstream Corp PRF PERPETUAL USD - Ser 4/A2

2.69 16.1 Mil
Energy

Turning Point Brands Inc 5.63%

2.60 15.6 Mil
Corporate

CAD/USD FWD 20241001 Purchased

2.55 15.3 Mil
Derivative

Abercrombie & Fitch Management Co 8.75%

2.41 14.5 Mil
Corporate

Gray Escrow II Inc. 5.38%

2.24 13.5 Mil
Corporate

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