Morningstar

Dunham Floating Rate Bond N DNFRX

Morningstar Medalist Rating
Medalist Rating as of | See Dunham Investment Hub
  • NAV / 1-Day Return 8.67  /  +0.12 %
  • Total Assets 138.4 Mil
  • Adj. Expense Ratio
    1.170%
  • 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 9.23%
  • Effective Duration —

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DNFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Weakness in Dunham Floating Rate Bond N's Process and People Pillar ratings limits this strategy 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings DNFRX

More DNFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

11.94 15.8 Mil
Cash and Equivalents

Rockford Tower Clo 2020-1 Ltd / Rock FRN 9.88201%

3.04 4.0 Mil
Securitized

Bristol Pk Clo Ltd 2016-1 12.56298%

1.51 2.0 Mil
Securitized

Silver Pt Clo 5 Ltd / Silver S FRN 0%

1.42 1.9 Mil
Securitized

Wind River 2019-3 Clo Ltd / Llc 12.31298%

1.19 1.6 Mil
Securitized

Madison Park Funding XL, Ltd 11.7727%

1.17 1.5 Mil
Securitized

Apidos Clo Xx/Llc 11.24772%

1.14 1.5 Mil
Securitized

Lbm Acquisition Llc Floating Rate Due 06/06/2031

0.93 1.2 Mil
Corporate

Epicor Software Corporation Floating Rate Due 05/23/2031

0.92 1.2 Mil
Corporate

Osaic Holdings Inc. Floating Rate Due 08/16/2028

0.88 1.2 Mil
Corporate

Sponsor Center