We pursue a strategy of broad diversification in order to benefit from investments in both corporate and government fixed-income securities as well as mortgage backed securities (MBS) and asset-backed securities (ABS), with the fund maintaining a dollar-weighted average duration of no longer than 3.5 years.
Our Fixed Income management process is fundamentally driven, disciplined and value oriented. We construct portfolios using duration management, yield curve positioning, sector allocation, and security selection, and use these strategies as a blueprint to earn results for you.
How We Make Fixed Income Funds Work For You:
We seek opportunities to generate returns for our investors.
We test our discoveries for relative value and associated risk. If it’s not worth it, we go back to the drawing board.
We invest in assets that have value within the current market and buy when we believe the price is right.
We monitor our investments closely. We ensure our reasoning remains valid and, if it isn’t, we return to the discovery phase.
Short-term, investment-grade bonds offer less risk and generally a lower rate of return than longer-term, higher-yielding bonds. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price..
|Overall Morningstar Rating|
Category: Lipper Short Investment-Grade Debt Funds (as of 9/30/19)
|Net Asset Value||$9.59||$9.58||$9.59|
|Gross Expense Ratio||0.84%||0.74%||0.99%|
|Net Expense Ratio||0.74%||0.49%||0.80%|
|Total Net Assets||$118,071,820|
|Number of Holdings||236|
|5-Year Standard Deviation||0.96|
|Weighted Average Maturity (bonds)||3.08 yrs.|
|Effective Duration (bonds)||2.55 yrs.|
The composition of the Portfolio is as of September 30, 2019 and is subject to change.