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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Manager Directed Portfolios - Greenspring Inc Oppor Fd USD Cls INST

GRIOX | Fund

$9.84

$309 M

6.59%

$0.65

0.96%

Vitals

YTD Return

6.5%

1 yr return

8.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$309 M

Holdings in Top 10

22.0%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Manager Directed Portfolios - Greenspring Inc Oppor Fd USD Cls INST

GRIOX | Fund

$9.84

$309 M

6.59%

$0.65

0.96%

GRIOX - Profile

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Manager Directed Portfolios - Greenspring Inc Oppor Fd USD Cls INST
  • Fund Family Name
    Dakota Funds
  • Inception Date
    Dec 15, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund invests primarily in income-producing debt instruments, which consist principally of high-yield fixed income securities (sometimes referred to as “junk” bonds). High-yield securities typically pay high current interest and, under certain circumstances, offer the potential for capital appreciation but carry additional risks as compared to investment-grade fixed income securities. The Adviser considers high yield bonds to be those that are below investment grade (those rated lower than BBB- by S&P Global Ratings or lower than Baa3 by Moody’s Credit Ratings or, if unrated, deemed by the Adviser to be of comparable quality), including those that are in default at the time of purchase.
The Fund may also invest in convertible securities, investment grade corporate debt securities, bank loans to corporate borrowers, variable or floating rate instruments, U.S. Government and Agency securities, and debt of non-U.S. companies. Convertible securities are preferred stocks or bonds that pay a fixed dividend or interest payment and are convertible into common stock or other equity interests at a specified price or conversion ratio during a specified period. Non-U.S. companies are companies domiciled or headquartered outside of the United States or whose primary business activities or principal trading markets are located outside of the United States. The Fund may invest in equity securities of U.S. and non-U.S. companies, primarily preferred stocks, but may also invest in common stocks.
While the Fund may invest in securities of any maturity, the Fund will normally seek to maintain a weighted average portfolio duration of three years or less. Duration is a measure of the underlying portfolio’s price sensitivity to changes in prevailing interest rates. The longer a security’s duration, the more sensitive its price will be to changes in interest rates. For example, the approximate percentage decrease in the price of a security with a three-year duration would be 3% in response to a 1% increase in interest rates.
In selecting securities for the Fund, the Adviser performs detailed fundamental credit analysis, including factors such as capital structure, cash flow, and earnings potential. The Adviser also considers qualitative factors such as a company’s competitive position, business prospects, management, and industry dynamics.
The Adviser may reduce or exit positions when it believes doing so is appropriate and consistent with the Fund’s objectives, or when market conditions, particular industries, or company-specific issues warrant such action.If the Adviser cannot find securities that meet its investment criteria for the Fund, or for cash management purposes, it may invest in high-quality, short-term money market instruments, including money market funds.
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GRIOX - Performance

Return Ranking - Trailing

Period GRIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% N/A N/A N/A
1 Yr 8.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period GRIOX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% N/A N/A N/A
2022 -4.4% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period GRIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% N/A N/A N/A
1 Yr 8.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period GRIOX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% N/A N/A N/A
2022 -0.7% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

GRIOX - Holdings

Concentration Analysis

GRIOX Category Low Category High GRIOX % Rank
Net Assets 309 M N/A N/A N/A
Number of Holdings 154 N/A N/A N/A
Net Assets in Top 10 60.2 M N/A N/A N/A
Weighting of Top 10 21.96% N/A N/A N/A

Top 10 Holdings

  1. First American Treasury Obligations Fund 3.95%
  2. First American Government Obligations Fund 3.95%
  3. Invesco Treasury Portfolio 3.95%
  4. Bombardier Inc 1.81%
  5. KBR Inc 1.54%
  6. Cimpress PLC 1.49%
  7. NextEra Energy Partners LP 1.37%
  8. Champions Financing Inc 1.34%
  9. Select Medical Corp 1.28%
  10. Aretec Group Inc 1.28%

Asset Allocation

Weighting Return Low Return High GRIOX % Rank
Bonds 		85.75% N/A N/A N/A
Cash 		13.32% N/A N/A N/A
Preferred Stocks 		0.93% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High GRIOX % Rank
Cash & Equivalents 		12.53% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High GRIOX % Rank
US 		85.75% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

GRIOX - Expenses

Operational Fees

GRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% N/A N/A N/A
Management Fee 0.60% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

GRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

GRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

GRIOX - Distributions

Dividend Yield Analysis

GRIOX Category Low Category High GRIOX % Rank
Dividend Yield 6.59% N/A N/A N/A

Dividend Distribution Analysis

GRIOX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

GRIOX Category Low Category High GRIOX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

GRIOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

GRIOX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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