Fund Data Converter
Open the converter
OFRE000345 – Average Effective Spread Duration
Highlights the sensitivity of the underlying corporate bond portfolio to changes in credit spreads. For example, floating rate notes may have a marginal effective duration but a very meaningful spread duration. In case of callable bonds, the first call date should be used for the calculation. The credit spread is the difference between the yield of a security and the yield of a benchmark rate, such as a cash interest rate or government bond yield.
Applicable to bond funds investing in corporate bonds (including convertibles) with a fix maturity/call date. Option-adjusted (net) figures. Calculation methodology should be in line with the standards of the asset manager and the resulting fixture should be aligned to other publications (e.g. Factsheets).
| Property | Value |
|---|---|
| OF-ID | OFRE000345 |
| Name | Average Effective Spread Duration |
| Area | Fund ratios and exposures |
| Level | Fund |
| Format | Decimal number |
| Tags | Ratios and Exposures |
| Introduced in | openfunds 1.26 |
Values
Decimal figure, rounded to maximal 7 digits after the decimal point.
Example
3.8
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFRE000345 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.
← OFRE000340 · All openfunds fields · OFRE000350 →