Low Duration Fund

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As of 11/30/2018

Additional Fund Information

   
Inception Date: 12/01/2009
Expense Ratio (Gross): 0.64%
Expense Ratio (Net): 0.55%
Ticker Symbol: WBLNX
CUSIP: 969251701

Credit Quality

% of Fund
U.S. Treasury 0.0%
U.S. Agency 36.4%
Cash 14.0%
AAA 20.4%
AA 8.2%
A 21.0%
Total 100.0%

Fund Statistics

 
 
Total Net Assets ($Million): $112
Number Of Holdings: 111
Trailing 1-Year Turnover: 115.4%
Cash: 14.0%
30 Day SEC Yield (Subsidized): 2.0%
30 Day SEC Yield (Unsubsidized): 1.8%

Top 10 Holdings

Company Name
% of Fund
Fannie Mae Pool, 6.00% due - 11/1/24 8.6%
Freddie Mac Gold Pool, 6.00% due - 4/1/40 6.5%
Fannie Mae Pool, 6.00% due - 4/1/41 3.9%
Fannie Mae Pool, 5.50% due - 12/1/41 3.3%
Fannie Mae Pool, 6.00% due - 1/1/42 3.2%
Verizon Owner Trust 2017-3, 2.57% due - 4/20/22 3.1%
Fannie Mae Pool, 6.50% due - 8/1/37 2.6%
Fannie Mae Pool, 4.00% due - 2/1/29 2.3%
GMF Floorplan Owner Revolving Trust, 2.74% due - 7/15/22 2.2%
SLM Private Education Loan Trust 2011-A, 4.81% due - 1/15/43 2.1%
Total Top 10 37.8%

Sector Diversification

Sector Name
% of Fund
U.S. Agency Mortgage-Backed Pass Through 36.4%
Developed Markets Credit 29.2%
Asset-Backed Securities 20.4%
Cash 14.0%
U.S. Treasury 0.0%
U.S. Agency Debentures 0.0%
Commercial Mortgage-Backed Securities 0.0%
Emerging Markets 0.0%
Total Percentage 100.0%

The Fund’s Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses on Class N and Class I shares until 4/30/19.

Information about the Fund’s holdings should not be considered investment advice. There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change at any time.

Top ten holdings are shown as % of total net assets. Investment type and credit quality diversification are shown as % of total investments which includes cash equivalents.

Cash represents cash and any short-term or overnight investments held by the Fund. It does not reflect the impact of any executed investment trades that have not reached their settlement date by quarter end.

The credit quality of securities in the Fund’s portfolio is derived from Fitch Ratings, Moody’s Investors Service, Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. In cases where the credit rating agencies have assigned different credit ratings to the same security, the higher rating is used. In cases where only one rating agency has assigned a credit rating to a security, that rating is used. Credit quality designations range from high (AAA to AA) to medium (A to BBB) to low (BB, B, CCC, CC to C). The lower the rating, the higher the probability of default. Securities rated D are in default.

Credit is a sector categorization used by Barclays. The sector is comprised of SEC-registered, fixed-rate, investment-grade, U.S. dollar-denominated securities that meet the inclusion criteria of the U.S. Aggregate Index set forth by Barclays. The sector has two main components: Corporate and Non-Corporate. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. All of the Fund’s holdings are corporate holdings. Over 75% of the Credit sector’s composition are corporate sector bonds.

 

The 30-Day SEC Yield is an annualized yield based on the most recent 30 day period. Subsidized yields reflect fee waivers in effect. Unsubsidized yields reflect what the yield would have been if no fee waiver had been in effect.