Performance data represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value fluctuate. Redemption may be worth more or less than the original cost. Returns less than one year are not annualized.
Invests in a broad set of debt obligations across sectors, maturities and issuers.
Pursues the benefits associated with indexing such as diversification and transparency of exposures, but with the ability to add value by making investment decisions using information embedded in current yields.
Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs.
Built to fit seamlessly into an investor's asset allocation.
To view month-end or historical performance, use the drop-down below.
Average Annual Returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
|YTD%||1 MO||3 MO||1 YR||3 YR||5 YR||10 YR||LIFE|
|-0.71%||-2.45%||-2.97%||1.71%||- -||- -||- -||-5.77%|
30-Day SEC Unsubsidized Yield: Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect. Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows. Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. Please see the prospectus for more information.
The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Due to rounding, these values may not add to 100% 08/31/2023
Sector Allocation: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.
|Cash & Cash Equivalents||-9%|
Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
Top 20 Holdings
This value represents the top twenty holdings included in the portfolio on a percent of assets basis. Holding weights are rounded to the nearest whole number, which may result in the display of less than ten holdings. Holdings are subject to change without notice. Shares are units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends. In the context of debt instruments, principal can refer to the face value, or par value, of a bond—that is, the actual amount listed on the bond itself. Securities are reported at market value. The portfolio data and its presentation here may differ from the complete schedules of investments in regulatory filings due to differing accounting and reporting requirements.
As of 08/31/2023
|United States Treasury Bill 0.00 09/28/2023||4.87%|
|United States Treasury Bill 0.00 09/05/2023||3.61%|
|G2SF 4.5 9/23 MBS 30yr||2.33%|
|FNCL 4.5 9/23 MBS 30yr||2.32%|
|G2SF 5.5 9/23 MBS 30yr||1.96%|
|United States Treasury Note/Bond 2.88 05/15/2043||1.95%|
|FNCL 4 9/23 MBS 30yr||1.83%|
|FNCL 3 9/23 MBS 30yr||1.81%|
|G2SF 4 9/23 MBS 30yr||1.74%|
|US LONG BOND(CBT) Dec23||1.70%|
|United States Treasury Note/Bond 3.13 02/15/2043||1.41%|
|Commonwealth Bank of Australia/New York NY 5.08 01/10/2025||1.39%|
|United States Treasury Note/Bond 0.75 12/31/2023||1.38%|
|United States Treasury Note/Bond 0.25 09/30/2023||1.16%|
|Brown-Forman Corp 4.75 04/15/2033||1.15%|
|United States Treasury Note/Bond 2.38 02/15/2042||1.13%|
|FNCL 5.5 9/23 MBS 30yr||1.03%|
|United States Treasury Note/Bond 0.13 01/15/2024||1.03%|
|United States Treasury Note/Bond 0.38 04/15/2024||1.02%|
|United States Treasury Note/Bond 3.00 05/15/2042||0.96%|
International investing involves special risks, such as political instability and currency fluctuations. Investing in emerging markets may accentuate these risks.
Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.
Institutional class shares are only available for purchase by institutions or other financial intermediaries. Review definitions and minimums for share classes in the fund's prospectus.
For detailed descriptions of indices or investing terms referenced above, refer to our glossary.
Source: Bloomberg Index Services Ltd