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Morningstar

Delaware Floating Rate A DDFAX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 7.98  /  +0.07 %
  • Total Assets 624.9 Mil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.960%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.82%
  • Effective Duration 0.31 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:24 PM GMT+0

Morningstar’s Analysis DDFAX

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

  • People Pillar

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

Resilient strategy faces short-term headwinds.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Since Delaware Floating Rate’s February 2017 mandate change to focus primarily on bank loans—it used to be a go-anywhere bond fund before that failed to get traction with investors—the strategy has built an impressive long-term track record. However, recent underperformance owing to credit events in specific sectors serves as a reminder that even solid credit research is not foolproof.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings DDFAX

More DDFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
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