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.
Dunham Floating Rate Bond N DNFRX
- NAV / 1-Day Return 8.73 / +0.11 %
- Total Assets 119.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.170%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 9.45%
- Effective Duration —
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0
Morningstar’s Analysis DNFRX
Will DNFRX 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 14.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Fidelity Inv MM Government I | 8.65 | 10.4 Mil | Cash and Equivalents |
Rockford Tower Clo 2020-1 Ltd / Rock FRN 9.91941% | 3.33 | 4.0 Mil | Securitized |
Benefit Street Partners Clo Vii, Ltd 11.9856% | 1.61 | 1.9 Mil | Securitized |
Wind River 2019-3 Clo Ltd / Llc 12.3256% | 1.31 | 1.6 Mil | Securitized |
Madison Park Funding XL, Ltd 12.04942% | 1.24 | 1.5 Mil | Securitized |
Apidos Clo Xx/Llc 11.2756% | 1.19 | 1.4 Mil | Securitized |
Groupe Solmax Inc. Floating Rate Due 07/23/2028 | 1.13 | 1.4 Mil | Corporate |
Lbm Acquisition Llc Floating Rate Due 12/18/2027 | 1.05 | 1.3 Mil | Corporate |
Aimbridge Acquisition Company Inc. Floating Rate Due 02/01/2026 | 1.05 | 1.3 Mil | Corporate |
GoldenTree Loan Management US CLO 2, Ltd. 10.27942% | 1.04 | 1.3 Mil | Securitized |