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Morningstar

Optimum Fixed Income Instl OIFIX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 7.93  /  −0.38 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.25%
  • Effective Duration 6.56 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:05 AM GMT+0

Morningstar’s Analysis OIFIX

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

  • People Pillar

    The People Pillar is our evaluation of the OIFIX 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 OIFIX’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 Instl 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 second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings OIFIX

More OIFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Repurchase Agreement

8.92 330.7 Mil
Cash and Equivalents

Repurchase Agreement

8.08 299.4 Mil
Cash and Equivalents

Repurchase Agreement

4.05 150.0 Mil
Cash and Equivalents

Federal National Mortgage Association 3%

3.13 116.1 Mil
Securitized

Federal National Mortgage Association 5%

2.89 107.1 Mil
Securitized

Federal National Mortgage Association 5.5%

2.80 103.7 Mil
Securitized

Usd/Eur Fwd 20240304

2.48 92.1 Mil
Derivative

Usd/Eur Fwd 20240402

2.47 91.6 Mil
Derivative

Eur/Usd Fwd 20240304

2.46 91.1 Mil
Derivative

Repurchase Agreement

1.94 71.8 Mil
Cash and Equivalents