Ultra-Short Bond Fund

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As of 10/31/2021

Additional Fund Information

   
Inception Date: 12/01/2009
Expense Ratio (Gross): 0.84%
Expense Ratio (Net): 0.55%
Ticker Symbol: WBLNX
CUSIP: 969251701

Fund Statistics

 
 
Total Net Assets ($Million): $131
Number Of Holdings: 132
Trailing 1-Year Turnover: 76.7%
Cash: 0.1%
30 Day SEC Yield (Subsidized): 0.1%
30 Day SEC Yield (Unsubsidized): -0.1%

Credit Quality

% of Fund
U.S. Treasury 7.3%
U.S. Agency 36.6%
Cash 0.1%
AAA 10.0%
AA 9.6%
A 34.2%
NR 2.2%
Total 100.0%

Top 10 Holdings

Company Name
% of Fund
Freddie Mac Gold Pool, 7.00% due - 2/1/39 3.6%
Fannie Mae Pool, 7.50% due - 8/1/37 3.1%
Freddie Mac Gold Pool, 6.00% due - 4/1/40 3.0%
Toyota Motor Credit Corporation, 0.38% due - 1/11/24 2.1%
Caterpillar Financial Services Corporation, 0.29% due - 5/17/24 2.1%
Fannie Mae Pool, 4.00% due - 2/1/29 2.1%
Bank of Montreal, 0.73% due - 3/10/23 2.1%
The Toronto-Dominion Bank, 0.40% due - 3/4/24 2.1%
KeyBank National Association, 0.39% due - 1/3/24 2.1%
The Charles Schwab Corporation, 0.57% due - 5/13/26 1.9%
Total Top 10 24.2%

Sector Diversification

Sector Name
% of Fund
U.S. Agency Mortgage-Backed Pass Through 36.6%
Developed Markets Credit 35.2%
Asset-Backed Securities 12.3%
Commercial Mortgage-Backed Securities 8.5%
U.S. Treasury 7.3%
Cash 0.1%
U.S. Agency Debentures 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 4/30/22.

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 portfolio and Index are derived from Moody's Investors Service, Inc. and Standard & Poor's, Copyright © 2021, S&P Global Market Intelligence (and its affiliates, as applicable). Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact. 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 AAA (highest) to D (lowest). This applies to fixed income securities and derivatives, to the extent the ratings are available. Credit quality ratings on underlying securities are received from S&P and Moody's which are converted to the equivalent S&P major rating category for presentation purposes only.  The portfolio itself has not been rated.

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.

On November 10, 2021, Low Duration Fund's name changed to Ultra-Short Bond Fund.