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.
Optimum Fixed Income A OAFIX
- NAV / 1-Day Return 8.15 / −0.12 %
- Total Assets 2.7 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.060%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.97%
- Effective Duration 6.56 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 11:50 PM GMT+0
Morningstar’s Analysis OAFIX
Will OAFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 18.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Repurchase Agreement | 9.65 | 358.1 Mil | Cash and Equivalents |
Repurchase Agreement | 9.45 | 350.5 Mil | Cash and Equivalents |
Repurchase Agreement | 4.04 | 150.0 Mil | Cash and Equivalents |
Federal National Mortgage Association 3% | 3.20 | 118.8 Mil | Securitized |
Federal National Mortgage Association 5% | 2.94 | 109.0 Mil | Securitized |
Federal National Mortgage Association 5.5% | 2.83 | 105.1 Mil | Securitized |
Usd/Eur Fwd 20240202 | 2.67 | 99.2 Mil | Derivative |
Eur/Usd Fwd 20240202 | 2.52 | 93.3 Mil | Derivative |
Usd/Eur Fwd 20240304 | 2.50 | 92.8 Mil | Derivative |
Federal National Mortgage Association 4% | 1.79 | 66.4 Mil | Securitized |