Investment Objective
Current Income and Capital Appreciation
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Fund Characteristics
The Bond Fund seeks to outperform the Bloomberg Barclays U.S. Aggregate Index by employing a broad range of fixed income sectors, including up to 10% in non-investment grade holdings.
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Investment Approach
- A core fund benchmarked against the Bloomberg Barclays U.S. Aggregate Index.
- Broad sectors represented in the portfolio include government securities, corporate debt securities, mortgage-backed securities and asset-backed securities.
- Long-only, cash only, U.S. dollar denominated only and unlevered.
- Has the flexibility of having 10% in non-investment grade holdings (bonds typically rated BB or B).
- Duration is a range +/- 10% of the benchmark.
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Why Consider This Fund?
- Seeks to offer a conservative, diversified core fixed income portfolio with a duration similar to that of the Bloomberg Barclays Aggregate Index
- Seeks diversified alpha sources, which include corporate, mortgage-backed, asset-backed, and Treasury securities
- Focuses on outperforming its benchmark through a security selection process that adheres to a time-tested, disciplined approach
- Managed by an experienced, tenured team that has been in place since 2006
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