Morningstar

Nomura Floating Rate Fund Class R6 DDFZX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 7.84  /  +0.13 %
  • Total Assets 609.0M
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.580%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 6.77%
  • Effective Duration 0.23 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DDFZX

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

  • People Pillar

    The People Pillar is our evaluation of the DDFZX 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 DDFZX’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 DDFZX

More DDFZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Heartland Dental Llc

1.69 10M
Corporate

Hamilton Projects Acquir

1.47 9M
Corporate

Clover Holdings 2 Llc

1.39 9M
Corporate

J&J Ventures Gaming Llc

1.24 8M
Corporate

Ryan Llc

1.23 8M
Corporate

Jefferies Finance Llc

1.16 7M
Corporate

Magnera Corp

1.11 7M
Corporate

Fidelity Inv MM Government I

1.11 7M
Cash and Equivalents

Goldman Sachs FS Government Instl

1.11 7M
Cash and Equivalents

Morgan Stanley Instl Lqudty Govt Instl

1.11 7M
Cash and Equivalents

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