Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Optimum Fixed Income Instl OIFIX
- NAV / 1-Day Return 8.00 / +0.38 %
- Total Assets 2.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.810%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment —
- Status Open
- TTM Yield 3.25%
- Effective Duration 6.46 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 12:23 AM GMT+0
Morningstar’s Analysis OIFIX
Will OIFIX 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 39.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Repurchase Agreement | 16.75 | 292.0 Mil | Cash and Equivalents |
Repurchase Agreement | 16.64 | 290.0 Mil | Cash and Equivalents |
Repurchase Agreement | 9.87 | 172.1 Mil | Cash and Equivalents |
Federal National Mortgage Association 3% | 6.71 | 116.9 Mil | Securitized |
Federal National Mortgage Association 5.5% | 6.34 | 110.4 Mil | Securitized |
Federal National Mortgage Association 5% | 6.18 | 107.7 Mil | Securitized |
Usd/Eur Fwd 20240502 | 5.51 | 96.0 Mil | Derivative |
Eur/Usd Fwd 20240402 | 5.47 | 95.3 Mil | Derivative |
Usd/Eur Fwd 20240402 | 5.25 | 91.6 Mil | Derivative |
Federal National Mortgage Association 4% | 3.75 | 65.3 Mil | Securitized |