BHILX – BHILL Managed Account Completion Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation and income. The fund generally invests in a mix of mutual funds, ETFs, and closed-end funds that invest in domestic fixed income securities and may also make direct investments in such fixed income securities. It may maintain up to 100% of its assets in a single mutual fund, ETF, or closed-end fund. The fund’s direct and indirect fixed income holdings may include investment-grade U.S. corporate bonds, asset-backed securities, mortgage-backed securities, high yield (i.e., junk bonds), preferred stocks, variable- and floating-rate instruments, municipal bonds, and U.S. Treasuries. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BHILX	BHILL Fund Managed Account Completion Shares	No Load	Open	—		Apr 1, 2025	$119.75M	0.430%	Low	$0	$5.74M

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