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Morningstar

Optimum Fixed Income A OAFIX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 8.12  /  0.37 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    1.060%
  • Expense Ratio 1.060%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.25%
  • Effective Duration 6.53 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:30 PM GMT+0

Morningstar’s Analysis OAFIX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Optimum Fixed Income A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OAFIX

More OAFIX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 1380
  • Other Holdings 208
  • % Assets in Top 10 Holdings 37.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Repurchase Agreement

24.18
389,800,000
Cash and Equivalents

Repurchase Agreement

24.16
389,600,000
Cash and Equivalents

Repurchase Agreement

8.09
130,500,000
Cash and Equivalents

Repurchase Agreement

8.09
130,500,000
Cash and Equivalents

Federal National Mortgage Association 3%

6.96
112,273,709
Securitized

Usd/Eur Fwd 20231102

6.00
96,751,438
Derivative

Federal National Mortgage Association 5%

5.79
93,431,250
Securitized

Federal National Mortgage Association 5.5%

4.69
75,666,552
Securitized

Federal National Mortgage Association 4%

3.90
62,827,619
Securitized

Federal National Mortgage Association 3.5%

3.85
62,000,369
Securitized