Optimum Fixed Income A (OAFIX)
| Fund Assets | 2.73B |
| Expense Ratio | 1.05% |
| Min. Investment | $1,000 |
| Turnover | 387.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.21% |
| Dividend Growth | 18.57% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2024 |
| Previous Close | 8.56 |
| YTD Return | 6.48% |
| 1-Year Return | -0.70% |
| 5-Year Return | -4.90% |
| 52-Week Low | 7.93 |
| 52-Week High | 8.63 |
| Beta (5Y) | n/a |
| Holdings | 1766 |
| Inception Date | Aug 1, 2003 |
About OAFIX
Optimum Fixed Income Fund Class A is an intermediate core-plus bond mutual fund designed to provide a high level of income, with the potential for capital appreciation. Its primary function is to invest at least 80% of assets in a diversified portfolio of fixed income securities, primarily those rated investment grade (BBB- or higher), but it may also allocate to high yield, or "junk," bonds. The fund consists mainly of U.S. issuers and follows a disciplined selection process that incorporates both macroeconomic outlooks and fundamental credit research. Managed with input from Pacific Investment Management Company (PIMCO) and Delaware Management Company, the fund offers broad exposure to the fixed income market and aims to balance income generation with risk management. It appeals to investors seeking moderate income with average risk, and distributes dividends on an annual basis. As of recent reports, the fund manages over $2 billion in assets and has a minimum investment requirement suitable for individual investors.
Performance
OAFIX had a total return of -0.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.52%.
Top 10 Holdings
32.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association 4.5% | FNCL.4.5 10.11 | 5.19% |
| Repurchase Agreement | n/a | 4.99% |
| Federal National Mortgage Association 5.5% | FNCL.5.5 9.11 | 4.20% |
| Repurchase Agreement | n/a | 4.02% |
| Federal National Mortgage Association 5% | FNCL.5 9.11 | 3.19% |
| Usd/Eur Fwd 20250804 | n/a | 2.34% |
| Eur/Usd Fwd 20250804 | n/a | 2.29% |
| Usd/Eur Fwd 20250902 | n/a | 2.28% |
| Federal National Mortgage Association 3.5% | FNCL.3.5 9.11 | 1.91% |
| Federal National Mortgage Association 4% | FNCL.4 10.11 | 1.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2024 | $0.28709 | Dec 12, 2024 |
| Dec 6, 2023 | $0.24212 | Dec 7, 2023 |
| Dec 8, 2022 | $0.266 | Dec 9, 2022 |
| Dec 8, 2021 | $0.187 | Dec 9, 2021 |
| Dec 9, 2020 | $0.486 | Dec 10, 2020 |
| Dec 12, 2019 | $0.284 | Dec 13, 2019 |