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Morningstar

LGM Risk Managed Total Return Ins LBETX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.41  /  0.00
  • Total Assets 14.1 Mil
  • Adj. Expense Ratio
    2.320%
  • Expense Ratio 2.490%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Allocation—15% to 30% Equity
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 0.00
  • Turnover 3,065%

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis LBETX

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

People Pillar

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

Summary

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Weakness in LGM Risk Managed Total Return Ins's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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