Fund Evaluator:
FI Instl Grp ESG Fixed Inc FdforRetPlns (QDVBX)
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Fund Details
FI Instl Grp ESG Fixed Inc FdforRetPlns Overview
FI Instl Grp ESG Fixed Inc FdforRetPlns (QDVBX) is an actively managed Taxable Bond Intermediate Core Bond fund. Fisher Investments launched the fund in 2019.
The investment seeks to outperform, net of fees and expenses, the return of the ICE BofA U.S. Broad Market Index. The fund seeks to achieve its objective by investing primarily in a diversified portfolio of fixed income and fixed income-related securities. Under normal circumstances, it invests at least 80% of its assets in bonds and other fixed income or fixed income-related securities that either (i) are subject to and meet the fund’s environmental, social and governance (“ESG”) guidelines at the time of investment or (ii) are not subject to the ESG guidelines because they are issued by non-corporate issuers.
About FI Instl Grp ESG Fixed Inc FdforRetPlns (QDVBX)
There are 5 members of the management team with an average tenure of 6.64 years: William Glaser (2019), Aaron Anderson (2019), Michael Hanson (2019), Jeffery Silk (2019), Kenneth Fisher (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: ICE BofA US Broad Market TR USD index with a weighting of 100%. FI Instl Grp ESG Fixed Inc FdforRetPlns has 10 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
FI Instl Grp ESG Fixed Inc FdforRetPlns is part of the Fixed Income global asset class and is within the Taxable Bond fund group. FI Instl Grp ESG Fixed Inc FdforRetPlns has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.8% (96.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FI Instl Grp ESG Fixed Inc FdforRetPlns has 3.2% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $3 billion average for the Intermediate Core 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.
QDVBX 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 FI Instl Grp ESG Fixed Inc FdforRetPlns expense ratio is low compared to funds in the Intermediate Core Bond category. FI Instl Grp ESG Fixed Inc FdforRetPlns has an expense ratio of 0.01%, which is 98% 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. FI Instl Grp ESG Fixed Inc FdforRetPlns has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, FI Instl Grp ESG Fixed Inc FdforRetPlns returned -1.1%, which earned it a grade of A, as the Intermediate Core Bond category had an average return of -1.3%. 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.
FI Instl Grp ESG Fixed Inc FdforRetPlns has a trailing yield of 3.53%, which is below the 4.04% category average. The fund normally distributes its income 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.
FI Instl Grp ESG Fixed Inc FdforRetPlns Grades
Year to date, the fund has returned -0.8%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 2.6% over the past year (grade of C), 4.0% over the past three years (grade of B) and -0.5% per year over the past five years (grade of C).
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QDVBX 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 |
|
| QDVBX Return (NAV) | -1.1% | -0.8% | 2.6% | 4.0% | -0.5% | na |
| QDVBX Grade | A | C | C | B | C | na |
| +/- Category | 0.2% | 0.0% | 0.1% | 0.3% | -0.1% | na |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| QDVBX Tax Cost Ratio | na | na | 1.4% | 1.4% | 1.2% | na |
QDVBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QDVBX Return (NAV) | -0.8% | 7.6% | 1.6% | 6.4% | -14.3% | -0.4% | 6.7% | na | na | na | na |
| QDVBX Grade | C | A | B | A | F | A | F | na | na | na | na |
| +/- Category | -0.0% | 0.6% | 0.0% | 0.7% | -1.1% | 1.1% | -1.4% | na | na | na | na |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.4% |
| Total Risk Index: | 0.44 - Low |
| Category Risk Index: | 0.96 - Low |
| Category Risk Grade: | A (12% Rank) |
| Beta: | 0.94 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $3 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 15% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 6.6 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Glaser William (2019), Anderson Aaron (2019), Hanson Michael (2019), Silk Jeffery (2019), Fisher Kenneth (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 96.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.2% |
Purchase Information
| Fund Family: | Fisher Investments |
| Phone Number: | 800-851-8845 |
| Website: |
| Status: | Open |
| Inception Date: | December 13, 2019 |
| 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 (%): | 0.01% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | FI Instl Grp ESG Fixed Inc FdforRetPlns |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
