The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit  Strive Total Return Bond ETF 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's assessment results in an Average Process Pillar rating. The strategy's parent organization is industry standard, albeit with some strong attributes like overall affordable fees and continuity among portfolio managers. This earns the firm an Average Parent Pillar rating.

Analyst Rating

Morningstar's style-agnostic evaluation of this fund's process seeks to understand whether the strategy has a performance objective and sensible, repeatable execution. Strive Total Return Bond ETF earns an Average Process Pillar rating.    The most significant 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 support 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 maximize total return.  The fund is an actively managed exchange-traded fund (“ETF”) that under normal conditions and invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of bonds of varying maturities.

Average

Process

Strive Total Return Bond ETF earns a Below Average People Pillar rating. The team benefits from the firm's five-year retention rate of 100%. However, the rating is weakened 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 weakens 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 Total Return Bond ETF

STXT is an actively managed ETF investing in a wide range of debt securities from issuers around the world, of any credit quality and maturity. The funds objective is to maximize total return.

On the latest episode of “ETF 360,” VettaFi head of research Todd Rosenbluth interviewed Strive's Matt Cole about actively managed fixed income. Strive is known for claiming BlackRock is “too woke.

ETF 360: Strive's Matt Cole on Active Fixed Income

Strive US Energy ETF

Strive Enhanced Income Short Maturity ETF

Strive Faang 2 0 Etf

Strive Asset Management, the fund manager launched by businessman-turned-aspiring-rapper Vivek “Rhymes With Cake” Ramaswamy, has launched another ETF. The Strive FAANG 2.0 ETF (NYSE Arca: FTWO) targets companies that are engaged in national security and natural resource security.

“Anti-Woke” Investment Firm Targets National Security With FTWO

Fixed-income investors have a couple of unique new ETF products to size up. On August 10, Strive Asset Management launched its first set of fixed-income funds – Strive Enhanced Income Short Maturity ETF (BUXX) and the Strive Total Return Bond ETF (STXT) on the New York Stock Exchange (NYSE).

Ramaswamy-Founded Fund Launches Two Fixed-Income ETFs

Strive 500 ETF

Strive Asset Management has launched the firm's first fixed income ETFs. The Strive Enhanced Income Short Maturity ETF (BUXX) and the Strive Total Return Bond ETF (STXT)  were listed on the NYSE on August 10.

“Anti-ESG” Manager Strive Launches Fixed Income ETFs

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.

News for Strive Total Return Bond ETF ETF (STXT)