Optimum Fixed Income B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
3.7%
3 Yr Avg Return
2.4%
5 Yr Avg Return
4.7%
Net Assets
$1.9 B
Holdings in Top 10
26.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.02%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 323.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OBFIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.98%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameOptimum Fixed Income Fund
-
Fund Family NameDelaware Investments
-
Inception DateAug 01, 2003
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerThomas H. Chow
Fund Description
OBFIX - Performance
Return Ranking - Trailing
Period | OBFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | 3.7% | -9.8% | 7.5% | N/A |
3 Yr | 2.4%* | -4.2% | 4.7% | N/A |
5 Yr | 4.7%* | -8.5% | 23.6% | N/A |
10 Yr | 4.4%* | -7.3% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | OBFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 3.1% | N/A |
2022 | N/A | -5.1% | 25.1% | N/A |
2021 | N/A | -8.5% | 192.8% | N/A |
2020 | N/A | -33.0% | 3.0% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
Total Return Ranking - Trailing
Period | OBFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | -0.3% | -9.8% | 10.2% | N/A |
3 Yr | 1.7%* | -4.2% | 6.9% | N/A |
5 Yr | 4.5%* | -8.2% | 28.6% | N/A |
10 Yr | 4.4%* | -7.3% | 26.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | OBFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 7.9% | N/A |
2022 | N/A | -4.6% | 25.1% | N/A |
2021 | N/A | -4.1% | 204.3% | N/A |
2020 | N/A | -32.4% | 4.2% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
OBFIX - Holdings
Concentration Analysis
OBFIX | Category Low | Category High | OBFIX % Rank | |
---|---|---|---|---|
Net Assets | 1.9 B | 330 K | 229 B | N/A |
Number of Holdings | 1645 | 3 | 17358 | N/A |
Net Assets in Top 10 | 230 M | -28.8 B | 32.2 B | N/A |
Weighting of Top 10 | 26.76% | 4.0% | 1674.7% | N/A |
Top 10 Holdings
- US Treasury Note 2.5% 4.00%
- Australia(Cmnwlth) 5.25% 3.90%
- 5 Year US Treasury Note Future Sept14 3.43%
- US Treasury Note 2.75% 3.26%
- US Treasury Note 2.75% 2.73%
- Aust 10y Bond Fut Sep14 2.27%
- FNMA 3% 2.20%
- NYSE/Liffe 10 Year US Treasury Note Future Sept14 2.11%
- US Treasury Bond 3.625% 1.44%
- NYSE/Liffe 10 Year US Treasury Note Future Sept14 1.42%
Asset Allocation
Weighting | Return Low | Return High | OBFIX % Rank | |
---|---|---|---|---|
Bonds | 79.49% | 0.00% | 394.27% | N/A |
Cash | 11.81% | -539.21% | 70.47% | N/A |
Other | 7.08% | -98.58% | 236.55% | N/A |
Preferred Stocks | 0.79% | 0.00% | 20.33% | N/A |
Convertible Bonds | 0.77% | 0.00% | 18.42% | N/A |
Stocks | 0.07% | -3.42% | 96.77% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | OBFIX % Rank | |
---|---|---|---|---|
Utilities | 0.07% | -0.05% | 8.49% | N/A |
Technology | 0.00% | -0.35% | 12.99% | N/A |
Real Estate | 0.00% | -0.04% | 11.09% | N/A |
Industrials | 0.00% | -0.15% | 12.95% | N/A |
Healthcare | 0.00% | -0.20% | 10.55% | N/A |
Financial Services | 0.00% | -0.01% | 19.01% | N/A |
Energy | 0.00% | 0.00% | 11.26% | N/A |
Communication Services | 0.00% | -0.05% | 4.01% | N/A |
Consumer Defense | 0.00% | -0.18% | 10.56% | N/A |
Consumer Cyclical | 0.00% | -0.18% | 9.63% | N/A |
Basic Materials | 0.00% | 0.00% | 7.19% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | OBFIX % Rank | |
---|---|---|---|---|
US | 0.07% | -4.95% | 59.49% | N/A |
Non US | 0.00% | -0.18% | 91.88% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | OBFIX % Rank | |
---|---|---|---|---|
Corporate | 34.39% | 0.00% | 127.23% | N/A |
Government | 24.30% | -74.72% | 316.66% | N/A |
Securitized | 23.32% | 0.00% | 103.00% | N/A |
Cash & Equivalents | 11.81% | -532.79% | 70.33% | N/A |
Municipal | 0.82% | 0.00% | 102.07% | N/A |
Derivative | -2.27% | -234.33% | 48.69% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OBFIX % Rank | |
---|---|---|---|---|
US | 64.85% | 0.00% | 219.16% | N/A |
Non US | 14.64% | -41.14% | 244.34% | N/A |
OBFIX - Expenses
Operational Fees
OBFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.02% | 0.00% | 38.42% | N/A |
Management Fee | 0.55% | 0.00% | 2.15% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.12% | 0.00% | 0.63% | N/A |
Sales Fees
OBFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | 4.00% | 0.15% | 5.50% | N/A |
Trading Fees
OBFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
OBFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 323.00% | 0.00% | 2337.00% | N/A |
OBFIX - Distributions
Dividend Yield Analysis
OBFIX | Category Low | Category High | OBFIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.86% | N/A |
Dividend Distribution Analysis
OBFIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
OBFIX | Category Low | Category High | OBFIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.98% | -2.82% | 7.22% | N/A |
Capital Gain Distribution Analysis
OBFIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 16, 2014 | $0.066 | |
Dec 13, 2013 | $0.066 | |
Jun 18, 2012 | $0.003 | |
Dec 15, 2011 | $0.167 | |
Jun 22, 2011 | $0.113 | |
Dec 17, 2010 | $0.158 | |
Jun 16, 2010 | $0.158 | |
Dec 18, 2009 | $0.407 | |
Jun 23, 2009 | $0.153 | |
Mar 25, 2009 | $0.028 | |
Dec 23, 2008 | $0.251 | |
Sep 25, 2008 | $0.104 | |
Jun 25, 2008 | $0.025 | |
Apr 03, 2008 | $0.025 | |
Dec 20, 2007 | $0.246 | |
Sep 21, 2007 | $0.025 | |
Jun 27, 2007 | $0.025 | |
Apr 04, 2007 | $0.025 | |
Dec 21, 2006 | $0.209 | |
Sep 27, 2006 | $0.026 | |
Jun 27, 2006 | $0.026 | |
Apr 05, 2006 | $0.026 | |
Dec 22, 2005 | $0.119 | |
Sep 27, 2005 | $0.025 | |
Jun 27, 2005 | $0.025 | |
Apr 05, 2005 | $0.025 | |
Dec 23, 2004 | $0.093 | |
Sep 27, 2004 | $0.029 | |
Jun 25, 2004 | $0.029 | |
Mar 30, 2004 | $0.018 | |
Dec 24, 2003 | $0.035 |
OBFIX - Fund Manager Analysis
Managers
Thomas H. Chow
Start Date
Tenure
Tenure Rank
May 23, 2007
7.36
7.4%
Chow is a member of the taxable fixed income portfolio management team. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.
Wen-Dar Chen
Start Date
Tenure
Tenure Rank
May 23, 2007
7.36
7.4%
Wen-Dar Chen, Ph.D. Vice President, Portfolio Manager – International Debt Wen-Dar Chen, Ph.D., is a member of the firm’s taxable fixed income portfolio management team with primary responsibility for international portfolio construction and strategic asset allocation. He has specialized in quantitative fixed income investments since 1986. Before he joined Delaware Investments in mid-2004, he was a quantitative analyst in global asset-backed securities, credit strategies, and portfolio strategies at J.P. Morgan Securities. Since 1998, he has worked to promote the asset-backed securities business in Asia, and published the book, Asset-Backed Securitization – Theory and Practice, in Asia in 2002. He worked at Salomon Brothers from 1993 to 1996, and Lehman Brothers from 1990 to 1993, during which time he gained experience with government securities trading desks, proprietary trading of structured products, financial strategies, and index strategies groups. Dr. Chen’s degrees include a bachelor’s degree in atmospheric sciences from the National Taiwan University, a master’s degree in meteorology from the South Dakota School of Mines and Technology, and a Ph.D. in geophysical fluid dynamics from Princeton University.
Saumil H. Parikh
Start Date
Tenure
Tenure Rank
Apr 30, 2010
4.42
4.4%
Mr. Parikh is a managing director and generalist portfolio manager based in Newport Beach. He is a member of the PIMCO Investment Committee and leads the firm’s cyclical economic forums. Prior he was a specialist portfolio manager on the short-term, mortgage and global PM teams. Prior to PIMCO in 2000, he was a financial economist and market strategist at UBS Warburg. He has 15 yrs. of investment experience and holds undergraduate degrees in economics & biology from Grinnell College.
J. David Hillmeyer
Start Date
Tenure
Tenure Rank
Apr 29, 2011
3.42
3.4%
J. David Hillmeyer, CFA Vice President, Portfolio Manager, Head of Investment Grade Corporate Trading J. David Hillmeyer is a member of the firm's taxable fixed income portfolio management team, with primary responsibility for portfolio construction and asset allocation of diversified floating rate strategies. In addition, he is head of investment grade corporate trading. Prior to joining Delaware Investments in August 2007 as a vice president and corporate bond trader, he worked for more than 11 years in various roles at Hartford Investment Management Company, including senior corporate bond trader, high yield portfolio manager / trader, and quantitative analyst. He began his career as an investment advisor in January 1989 at Shawmut Bank, leaving the firm as an investment officer in November 1995. Hillmeyer earned his bachelor’s degree from Colorado State University.
Steven A. Landis
Start Date
Tenure
Tenure Rank
Sep 23, 2013
1.02
1.0%
Steven A. Landis is a member of the firm’s taxable fixed income portfolio management team with primary responsibility for emerging markets debt. Prior to joining Delaware Investments in May 2013, he worked with FH International Asset Management from 2000 to 2013 as a portfolio manager for emerging markets debt total return strategies. Before that, Landis worked for five years as director of fixed income with Winmill & Co. Previously, he held trading positions with Barclays de Zoete Wedd Securities, ED&F Man, and WG Trading Company. Landis started his career with Kidder Peabody in New York, where he analyzed client interest rate exposure and implemented hedging and trading strategies. He earned a bachelor’s degree in economics from Beloit College and an MBA with a concentration in finance from Columbia Business School.
Roger A. Early
Start Date
Tenure
Tenure Rank
May 23, 2007
7.36
7.4%
Roger A. Early, CPA, CFA, CFP Senior Vice President, Co-Chief Investment Officer – Total Return Fixed Income Strategy Roger A. Early rejoined Delaware Investments in March 2007 as a member of the firm’s taxable fixed income portfolio management team, with primary responsibility for portfolio construction and strategic asset allocation. During his previous time at the firm, from 1994 to 2001, he was a senior portfolio manager in the same area, and he left Delaware Investments as head of its U.S. investment grade fixed income group. In recent years, Early was a senior portfolio manager at Chartwell Investment Partners and Rittenhouse Financial and served as the chief investment officer for fixed income at Turner Investments. Prior to joining Delaware Investments in 1994, he worked for more than 10 years at Federated Investors where he managed more than $25 billion in mutual fund and institutional portfolios in the short-term and investment grade markets. He left the firm as head of institutional fixed income management. Earlier in his career, he held management positions with the Federal Reserve Bank, PNC Financial, Touche Ross, and Rockwell International. Early earned his bachelor’s degree in economics from The Wharton School of the University of Pennsylvania and an MBA with concentrations in finance and accounting from the University of Pittsburgh. He is a member of the CFA Society of Philadelphia.
Paul Grillo
Start Date
Tenure
Tenure Rank
Aug 01, 2003
11.17
11.2%
Paul Grillo, CFA Senior Vice President, Co-Chief Investment Officer – Total Return Fixed Income Strategy Paul Grillo is a member of the firm’s taxable fixed income portfolio management team with primary responsibility for portfolio construction and strategic asset allocation. He is also a member of the firm’s asset allocation committee, which is responsible for building and managing multi-asset class portfolios. He joined Delaware Investments in 1992 as a mortgage-backed and asset-backed securities analyst, assuming portfolio management responsibilities in the mid-1990s. Grillo serves as co-lead portfolio manager for the firm’s Diversified Income products and has been influential in the growth and distribution of the firm’s multisector strategies. Prior to joining Delaware Investments, Grillo served as a mortgage strategist and trader at Dreyfus Corporation. He also worked as a mortgage strategist and portfolio manager at Chemical Investment Group and as a financial analyst at Chemical Bank. Grillo holds a bachelor’s degree in business management from North Carolina State University and an MBA with a concentration in finance from Pace University.
Christopher M. Testa
Start Date
Tenure
Tenure Rank
Jun 19, 2014
0.28
0.3%
Christopher M. Testa, CFA, Senior Vice President, Senior Portfolio Manager, joined Delaware Investments in January 2014 as a senior portfolio manager in the firm’s corporate credit portfolio management group. Mr. Testa previously was with S Goldman Asset Management, where, as PM and Head of Credit, he managed a hedge fund and a large separate account. Prior to joining S Goldman in July 2009, Mr. Testa worked as a Managing Director for Drake Management from 2001 to 2009, and served as a Portfolio Manager and Head of US Credit for Drake’s three hedge funds and its separate account platform. From 1994 to 2001, Mr. Testa was Head of Credit Research and a High Yield Portfolio Manager at Goldman Sachs Asset Management. Previously, Mr. Testa worked as a Vice President of Credit Research at CS First Boston and Financial Analyst at Metropolitan Life Insurance Company. Mr. Testa has nearly 20 years of portfolio management experience and received a B.A. from Hamilton College (Economics) and an M.B.A. in Finance with a concentration in investments from the Wharton School of Business at the University of Pennsylvania. He is also a Chartered Financial Analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 30.51 | 6.95 | 7.12 |