Optimum Fixed Income Instl

Frequently Asked Questions About OIFIX

What does OIFIX invest in?

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities (80% policy). The adviser focuses on securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, corporate debt securities, taxable and tax-exempt municipal securities, and mortgage-backed and asset-backed securities.

What is the expense ratio of OIFIX?

Optimum Fixed Income Instl (OIFIX) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is OIFIX's dividend yield?

OIFIX's trailing-twelve-month yield is 3.92%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OIFIX?

Effective duration measures OIFIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OIFIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OIFIX?

OIFIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of OIFIX?

Yield to maturity (YTM) is the total return you'd earn from OIFIX if every bond in the portfolio is held to maturity at the current price. OIFIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.