The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit  Strive Enhanced Income Short MaturityETF to a Morningstar Medalist Rating of Neutral.  The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.  

 The strategy's management team is about as experienced as others, but due to other weaknesses, the strategy earns a Below Average People Pillar. The fund earns an Average Process Pillar rating. The strategy's parent organization doesn't stand out, earning the firm an Average Parent Pillar rating. It has displayed a handful of investor-friendly attributes including overall attractive fees and continuity among portfolio managers.

Analyst Rating

Morningstar's style-agnostic investment process evaluation looks for strategies that should be able to outperform their Morningstar Category index on a risk-adjusted basis over time. Strive Enhanced Income Short MaturityETF earns an Average Process Pillar rating.    The most meaningful contributor to the rating is the firm's five-year retention rate of 100% over the period. Low expenses across its parent firm's funds, whose fees, on average, rank in the cheapest quintile of their respective category, also contribute to the process. The pattern of low fees at the firm indicates that it is focused on delivering strong results for investors. Lastly, the process is limited by the experience of the management team, which averages five years at this fund.

 The investment strategy as stated in the fund's prospectus is as follows: 


The investment seeks to provide current income while seeking to minimize price volatility and maintain liquidity.  The fund is an actively-managed exchange-traded fund (“ETF”) that, using an enhanced cash strategy, seeks to achieve its investment objective, under normal circumstances, by investing at least 80% of its net assets in U.S.-dollar denominated investment-grade fixed- and floating-rate bonds, and debt securities. Under normal circumstances, and the fund will seek to maintain a dollar-weighted average maturity of less than two years and a dollar-weighted average duration of less than one year. The fund is non-diversified.

Average

Process

Strive Enhanced Income Short MaturityETF earns a Below Average People Pillar rating. The team benefits from the firm's five-year retention rate of 100%. However, the rating is limited by the managers' failure to consistently outperform peers at the funds they run, as measured by their combined three-year manager excess returns. Management team experience, which averages five years at this fund, also detracts from the team.

Below Average

People

Even though Strive Asset Management only has a one-year track record, it has shown to be an industry-standard steward, warranting an Average Parent Pillar rating. Strive Asset Management currently runs 12 vehicles, with a total of $1.36 billion under management and a bench of six portfolio managers.   

 The firm’s economical fees on open-end and exchange-traded funds truly evince a firmwide commitment to minimizing costs and maximizing investors’ returns. The average net expense ratio of the firm’s funds falls within the lowest quintile of firms.  

 To retain an Average rating, Strive Asset Management needs to maintain a consistent track record of positive investor experience.

Parent

Strive Enhanced Income Short Maturity ETF

BUXX is actively managed, investing in a portfolio of various fixed-income securities of any credit rating from issuers all around the globe. The fund aims for a dollar-weighted average maturity of less than two years.

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COLUMBUS, Ohio--(BUSINESS WIRE)--Strive, an asset management firm on a mission to maximize shareholder value by leading companies to focus on excellence, is proud to announce the launch of its first actively managed fixed income funds – the Strive Total Return Bond ETF (STXT) and the Strive Enhanced Income Short Maturity ETF (BUXX). These strategic additions to Strive's suite of offerings aim to provide investors with essential core choices to construct robust portfolios that prioritize financi.

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