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Morningstar

Optima Strategic Credit Founders OPTCX

Morningstar Medalist Rating
Medalist Rating as of | See Optima Asset Management Investment Hub
  • NAV / 1-Day Return 9.86  /  0.00
  • Total Assets 20.3 Mil
  • Adj. Expense Ratio
    1.180%
  • Expense Ratio 1.610%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 5.47%
  • Effective Duration —

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis OPTCX

Will OPTCX 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 OPTCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the OPTCX 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 OPTCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Optima Strategic Credit Founders's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OPTCX

More OPTCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

36.50 7.0 Mil
Government

First American Treasury Obligs X

28.95 5.5 Mil
Cash and Equivalents

United States Treasury Bills 0%

26.10 5.0 Mil
Government

MARKIT CDX.NA.HY.41 12/28 (SELL PROTECTION)

12.13 2.3 Mil
Derivative

U.S. Bank Money Market Deposit Account

1.31 250,000
Cash and Equivalents

US DOLLARS

−0.02 −4,004
Cash and Equivalents

Cash Offset

−4.97 −952,105
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