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Morningstar

Dunham Floating Rate Bond A DAFRX

Morningstar Medalist Rating
Medalist Rating as of | See Dunham Investment Hub
  • NAV / 1-Day Return 8.72  /  +0.11 %
  • Total Assets 119.9 Mil
  • Adj. Expense Ratio
    1.420%
  • Expense Ratio 1.420%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 9.21%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis DAFRX

Will DAFRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DAFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DAFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DAFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Dunham Floating Rate Bond A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DAFRX

More DAFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

8.65 10.4 Mil
Cash and Equivalents

Rockford Tower Clo 2020-1 Ltd / Rock FRN 9.91941%

3.33 4.0 Mil
Securitized

Benefit Street Partners Clo Vii, Ltd 11.9856%

1.61 1.9 Mil
Securitized

Wind River 2019-3 Clo Ltd / Llc 12.3256%

1.31 1.6 Mil
Securitized

Madison Park Funding XL, Ltd 12.04942%

1.24 1.5 Mil
Securitized

Apidos Clo Xx/Llc 11.2756%

1.19 1.4 Mil
Securitized

Groupe Solmax Inc. Floating Rate Due 07/23/2028

1.13 1.4 Mil
Corporate

Lbm Acquisition Llc Floating Rate Due 12/18/2027

1.05 1.3 Mil
Corporate

Aimbridge Acquisition Company Inc. Floating Rate Due 02/01/2026

1.05 1.3 Mil
Corporate

GoldenTree Loan Management US CLO 2, Ltd. 10.27942%

1.04 1.3 Mil
Securitized