MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

FIJEX

Derf
in Fund Discussions
The annual report 7/31/25 shows the following:
• The Fund’s best sector aggregate returns before fees during the year were ABS at just over 7%, CMBS with a return of just over 6.5%, CLOs at 6.25% and
RMBS at approximately 5.5%. The sector with the lowest aggregate total return before fees during the year was the U.S. Treasury sector with a return of
just over 0.5%.

My question pertains to the last sentence, return of .5%

They do hold bonds & notes of lengthy terms, 2035 - 2044

Comments

  • yogibearbullyogibearbull
    edited October 1
    For FIJEX, Morningstar (M*) shows duration of 5.23 that seems high for short-term (ST) bond. So, some bonds can have long duration or maturities.

    M* ST bond category is also very broad. It would be helpful if it was broken into core and core-plus, like the IT category.
Sign In or Register to comment.