MFHRX — Monteagle Fixed Income Fund

MFHRX Fund Overview

MFHRX — Monteagle Fixed Income Fund is a US mutual fund managed by Monteagle Funds, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Monteagle Funds
• Category: Bond
• Assets under management: $8.02M
• Ticker: MFHRX
• SEC CIK: 0001045701
• SEC series ID: S000001611
• Share class ID: C000004358

MFHRX Investment Objective and Strategy

Monteagle Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Monteagle Funds.

Investment objective

The investment objective of the Monteagle Fixed Income Fund (the ?Fund?) is total return.

Principal investment strategy

The Fund seeks to achieve its objective of total return through capital appreciation on the bonds and other securities held and income on those securities. The Fund invests in investment grade intermediate term fixed income securities maintaining an average maturity of bonds and notes (on a dollar weighted basis) between 3 and 8 years; and rated at least Aa or higher by Moody?s Investors Service, Inc. or AA or higher by Standard & Poor?s Ratings Group for municipal bonds and A or higher by Moody?s Investors Service, Inc. or Standard & Poor?s Ratings Group for corporate bonds. Under normal circumstances, at least 80% of the Fund?s net assets will be fixed income securities, including U.S. government securities, securities issued by agencies of the U.S. government, mortgage-backed securities, taxable municipal bonds and corporate debt securities, with no more than 70% in any one category.

The Fund, based on assessment of market conditions, will either lengthen or shorten the average maturity of the portfolio and/or switch between bonds of different sectors, with the view of maximizing the total return for the types of obligations purchased. The securities purchased may have maturities ranging from overnight to 30 years.

MFHRX Costs and Fees

MFHRX costs about $106 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.06%
• Gross expense ratio: 1.06%
• Portfolio turnover: 13%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

MFHRX Cashflows

Over the 12 months to 2020-05, Monteagle Fixed Income Fund had net outflows of $6.23M, from monthly SEC N-PORT filings.

MFHRX Debt Constituents

No individual debt constituents are reported in Monteagle Fixed Income Fund's latest SEC N-PORT filing.

MFHRX Prospectus and SEC Filings

Official Monteagle Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-10
• Prospectus (485BPOS) — filed 2019-01-14
• Prospectus (485BPOS) — filed 2018-01-12
• Portfolio holdings (N-PORT) — filed 2020-07-31
• Annual census (N-CEN) — filed 2019-11-14
• Annual census (N-CEN) — filed 2018-11-14

Related Funds

Other Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.