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Morningstar

Wavelength WAVLX

Morningstar Medalist Rating
Medalist Rating as of | See Wavelength Investment Hub
  • NAV / 1-Day Return 9.48  /  +0.32 %
  • Total Assets 68.5 Mil
  • Adj. Expense Ratio
    1.220%
  • 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 4.83%
  • Effective Duration 3.64 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:18 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WAVLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A decline in its Process Pillar rating is the primary driver of Wavelength's downgrade to a Morningstar Medalist Rating of Neutral from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings WAVLX

More WAVLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 65.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Invesco Senior Loan ETF

9.46 10.1 Mil
—

2 Year Treasury Note Future Sept 24

9.15 9.8 Mil
Government

5 Year Treasury Note Future Sept 24

8.52 9.1 Mil
Government

SPDR® Blmbg ST HY Bd ETF

7.04 7.5 Mil
—

Vanguard Mortgage-Backed Secs ETF

6.71 7.2 Mil
—

iShares Broad USD High Yield Corp Bd ETF

6.05 6.5 Mil
—

Vanguard Short-Term Infl-Prot Secs ETF

5.51 5.9 Mil
—

VanEck EM High Yield Bond ETF

4.43 4.7 Mil
—

10 Year Treasury Note Future Sept 24

4.38 4.7 Mil
Government

iShares TIPS Bond ETF

3.74 4.0 Mil
—