Morningstar

Nomura Floating Rate Fund Class A DDFAX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 7.85  /  0.00
  • Total Assets 616.1M
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.900%
  • 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 6.25%
  • Effective Duration 0.23 years

USD | NAV as of Sep 05, 2026 | 1-Day Return as of Sep 05, 2026, 9:45 AM GMT+0

Morningstar’s Analysis DDFAX

Will DDFAX outperform in the 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.

A smooth handoff and proven discipline keep this fund on firm footing.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

Macquarie Floating Rate's October 2024 leadership transition from longtime lead manager Adam Brown to Vivek Bommi has not affected Morningstar's confidence in its execution or long-term prospects. The Above Average People and Process ratings reflect an experienced team and a disciplined approach that has consistently delivered competitive returns coupled with below-average volatility. The fund's mandate, in place since February 2017, centers on at least 80% exposure to US bank loans alongside opportunistic stakes in high-yield bonds and high-quality tranches of collateralized loan obligations.

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 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
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