Medalist Partners MBS Total Return Fund - Institutional Class (SEMMX)

Fund Assets	317.23M
Expense Ratio	0.89%
Min. Investment	$1,000,000
Turnover	74.00%
Dividend (ttm)	0.51
Dividend Yield	6.04%
Dividend Growth	-8.83%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.35
YTD Return	-0.02%
1-Year Return	1.76%
5-Year Return	17.62%
52-Week Low	8.34
52-Week High	8.78
Beta (5Y)	0.39
Holdings	162
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.

• Fund Family: Medalist Partners, LP
• Category: Multi-Sector Inc
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SEMMX
• Share Class: Institutional Class
• Index: Bloomberg US MBS TR

Performance

SEMMX had a total return of 1.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.64%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SEMPX	Investor Class	1.14%
SEMOX	Class A	1.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04151	Sep 30, 2026
Aug 31, 2026	$0.04206	Aug 31, 2026
Jul 31, 2026	$0.0416	Jul 31, 2026
Jun 30, 2026	$0.04252	Jun 30, 2026
May 29, 2026	$0.04171	May 29, 2026
Apr 30, 2026	$0.0419	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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