Medlst MBS Ttl Rtn Inst (SEMMX)
| Fund Assets | 322.75M |
| Expense Ratio | 0.92% |
| Min. Investment | $1,000,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 6.36% |
| Dividend Growth | -10.89% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 8.71 |
| YTD Return | 2.87% |
| 1-Year Return | 3.97% |
| 5-Year Return | 25.47% |
| 52-Week Low | 8.43 |
| 52-Week High | 8.73 |
| Beta (5Y) | n/a |
| Holdings | 159 |
| Inception Date | Jul 22, 2013 |
About SEMMX
Medalist Partners MBS Total Return Fund – Institutional Class is a mutual fund focused primarily on investing in mortgage-backed securities (MBS). Its core objective is to provide a high level of risk-adjusted current income along with capital appreciation. The fund typically allocates at least 80% of its assets to a broad range of MBS, including both residential (RMBS) and commercial (CMBS) securities. These holdings span agency-backed as well as non-agency and lower-rated segments, allowing for diversified credit exposure across the mortgage market. A notable feature of this fund is its flexibility to manage duration and rate sensitivity, including the ability to take short positions, employ derivatives, and use leverage, which can amplify both returns and risks. The fund's strategy also permits investments in less liquid and non-rated securities, positioning it as a dynamic asset within fixed income portfolios. With a minimum initial investment set for institutional investors, this class is tailored for those seeking specialized access to structured credit markets as part of a broader income or total return strategy. Medalist Partners MBS Total Return Fund – Institutional Class plays a distinct role in offering exposure to both traditional and alternative segments of U.S. mortgage finance.
Performance
SEMMX had a total return of 3.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.50%.
Top 10 Holdings
21.77% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGXXX | 5.32% |
| Greenpoint Mortgage Funding Trust 2005 Ar4 5.09% | GPMF.2005-AR4 4A1A | 2.62% |
| MORGAN STANLEY CAPTAL 24-BPR2 7.29% | MSC.2024-BPR2 A | 2.08% |
| WB COMMERCIAL MORTGAGE TRUST 2024-HQ 8.01% | WB.2024-HQ D | 2.06% |
| Federal Home Loan Mortgage Corp. 11.2% | MSCR.2021-MN3 B1 | 1.97% |
| TOWD POINT MORTGAGE TRUST 6.62% | TPMT.2019-HY1 B3 | 1.80% |
| ATRIUM HOTEL PORTFOLIO TRUST 2024-A 9.21% | AHPT.2024-ATRM E | 1.54% |
| CSMC TRUST 4.42% | CSMC.2020-AFC1 B2 | 1.53% |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2022-NLP 7.2% | JPMCC.2022-NLP E | 1.47% |
| BBCMS MORTGAGE TRUST 2025-C35 6.32% | BBCMS.2025-C35 C | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.04227 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04382 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04375 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04396 | Jun 30, 2025 |
| May 30, 2025 | $0.04489 | May 30, 2025 |
| Apr 30, 2025 | $0.04405 | Apr 30, 2025 |