Fund Data Converter
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OFRE000305 – Default Weighted Average Credit Quality
The weighted average rating of the bonds held by the fund, using a methodology decided by the fund manager. There are different default rates available over various periods, e.g. Moody’s Idealized Cumulative Default Probabilities over 10 years or default rates defined by Morningstar (“New Methodology for Average Credit Quality” 2010). The exposure to cash and other investment types that are not applicable to the related average ratio should be excluded from the calculation of this average. Applicable to bond funds.
| Property | Value |
|---|---|
| OF-ID | OFRE000305 |
| Name | Default Weighted Average Credit Quality |
| Area | Fund ratios and exposures |
| Level | Fund |
| Format | Text |
| Tags | Ratios and Exposures |
| Introduced in | openfunds 1.26 |
Values
AAA / AA+ / AA / AA- / A+ / A / A- / BBB+ / BBB / BBB- / BB+ / BB / BB- / B+ / B / B- / CCC+ / CCC / CCC- / CC+ / CC / CC- / C+ / C / C- / D / Not Rated / Cash / Other
Example
AA-
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFRE000305 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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