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Morningstar

Optimum Fixed Income C OCFIX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 8.15  /  0.37 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    1.810%
  • Expense Ratio 1.810%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield —
  • Effective Duration 6.53 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis OCFIX

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

People Pillar

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

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Optimum Fixed Income C 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OCFIX

More OCFIX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 1379
  • Other Holdings 189
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Repurchase Agreement

14.75
549,900,000
Cash and Equivalents

Repurchase Agreement

14.75
549,800,000
Cash and Equivalents

Federal National Mortgage Association 5%

2.97
110,613,199
Securitized

Usd/Eur Fwd 20230905

2.78
103,470,055
Derivative

Eur/Usd Fwd 20230802

2.74
101,992,720
Derivative

Usd/Eur Fwd 20230802

2.64
98,611,063
Derivative

Federal National Mortgage Association 3%

1.93
71,817,265
Securitized

Federal National Mortgage Association 4%

1.77
65,876,194
Securitized

Federal National Mortgage Association 3.5%

1.75
65,412,444
Securitized

Usd/Jpy Fwd 20231030

1.62
60,518,983
Derivative