Fund Evaluator:
BHILL Managed Account Completion (BHILX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
BHILL Managed Account Completion Overview
BHILL Managed Account Completion (BHILX) is an actively managed Taxable Bond Multisector Bond fund. Bramshill Investments launched the fund in 2025.
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.
About BHILL Managed Account Completion (BHILX)
There are 2 members of the management team with an average tenure of 1.33 years: Art DeGaetano (2025), Derek Pines (2025). Management tenure is more important for actively managed funds than passive index funds.
BHILL Managed Account Completion has 24 securities in its portfolio. The top 10 holdings constitute 87.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BHILL Managed Account Completion is part of the Fixed Income global asset class and is within the Taxable Bond fund group. BHILL Managed Account Completion has 7.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2%. There is 0.0% allocated to foreign stock, and 38.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 55.0% (47.9% domestic bond, 7.2% foreign bond and 0.0% convertible bond). BHILL Managed Account Completion has 3.2% of the portfolio in cash.
Assets Under Management
The fund has $46 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BHILX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BHILL Managed Account Completion expense ratio is average compared to funds in the Multisector Bond category. BHILL Managed Account Completion has an expense ratio of 0.43%, which is 54% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BHILL Managed Account Completion has a portfolio turnover rate of 195%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, BHILL Managed Account Completion returned -0.3%, which earned it a grade of A, as the Multisector Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BHILL Managed Account Completion has a trailing yield of 7.04%, which is above the 5.31% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BHILL Managed Account Completion Grades
Year to date, the fund has returned 0.7%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.4% over the past year (grade of D).
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BHILX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BHILX Return (NAV) | -0.3% | -0.2% | 3.4% | na | na | na |
| BHILX Grade | A | D | D | na | na | na |
| +/- Category | 0.4% | -0.2% | -0.9% | na | na | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| BHILX Tax Cost Ratio | na | na | 2.8% | na | na | na |
BHILX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BHILX Return (NAV) | 0.7% | na | na | na | na | na | na | na | na | na | na |
| BHILX Grade | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.2% | na | na | na | na | na | na | na | na | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 7.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $46 Mil |
| Fund Total Assets: | $ 47 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 195% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): DeGaetano Art (2025), Pines Derek (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 24 |
| % in Top 10 Holdings: | 87.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 7.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 38.6% |
| Domestic Bond: | 47.9% |
| Foreign Bond: | 7.2% |
| Convertible Bond: | 0.0% |
| Other: | 3.0% |
| Cash: | 3.2% |
Purchase Information
| Fund Family: | Bramshill Investments |
| Phone Number: | 877-272-6718 |
| Website: |
| Status: | Open |
| Inception Date: | April 1, 2025 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.43% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | BHILL Managed Account Completion |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
