Investment Objective
Total return consisting of income and capital appreciation
Morningstar Category
Ultrashort Bond
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Fund Characteristics
The Low Duration Fund strives to outperform
the risk-free rate while maintaining a diversified portfolio of high quality,
liquid fixed income securities. The Fund only invests in securities rated A or higher.
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Investment Approach
- Combines macro-economic impacts to determine the expected future path of interest rates and economic cycles with fundamental research to help identify relative value and desirable characteristics
- Primary emphasis on quality, liquidity, and diversification
- The broad sectors represented in the portfolio will include corporate debt securities issued by domestic and foreign companies, mortgage-backed securities, and asset-backed securities
- The Fund will invest exclusively in
investment grade securities rated in the highest three categories at the time
of purchase by at least one of the nationally recognized statistical rating
organizations
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Why Consider This Fund?
- May offer the potential for higher yields than cash instruments
- Focus on capital preservation
- Ability to provide liquidity in volatile markets
- Limited interest rate risk may help to protect investors against an unexpected rise in interest rates
- Tenured team that is dedicated to active fixed income
- Time-tested, repeatable investment process that has demonstrated the ability to generate consistent, competitive returns
- Team-based approach within a global investment boutique
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