Advertisement
Skip to Content
Morningstar

Delaware Floating Rate A DDFAX

Morningstar Analyst Rating
Analyst rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 7.96  /  0.15 %
  • Total Assets 664.8 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.930%
  • 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 5.05%
  • Effective Duration 0.46 years

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 1:13 AM GMT+00:00

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.

Watching it grow to see what the larger size brings.

Associate Director

Summary

| by Maciej Kowara

Delaware Floating Rate’s performance continues to impress, but the bulk of it was realized when the fund was much smaller. Until we can be sure that its asset growth won’t unduly affect its nimbleness, the strategy retains a Morningstar Analyst Rating of Neutral on all but its most expensive share class, which is rated Negative.

Unlock our full analysis with Morningstar Investor