MBFIX

Core Bond Fund

$10.87
NAV

+$0.00 / +0.00%
1-day change
$5,083.4M
Fund assets
4.32%
30-day SEC yield*
1.38%
Year-to-date return
Data as of 12/24/2024
*As of 12/23/2024
Core Bond Fund
Fund overview
Seeking consistency across all market environments
The Core Bond Fund seeks total return by investing in investment grade securities that offer attractive income or capital appreciation opportunities.

Applying disciplined security selection from a focused universe of high-quality, liquid bonds offers opportunity. 

Key differentiators

  • Targets a superior information ratio to deliver consistent performance across all market environments
  • Implements comprehensive risk controls
  • Leverages bottom-up, active relative value security selection, not interest rate or sector positioning, to generate outperformance

General facts

Effective duration

6.23

(as of 11/30/2024)

Effective maturity

8.99

(as of 11/30/2024)

Distribution yield

4.39%

(as of 12/24/2024)

Benchmark name

Bloomberg U.S. Aggregate Bond Index

Morningstar category

Intermediate Core Bond

Lipper category

Core Bond Funds

Ticker

MBFIX

CUSIP

94975J581

Fund number

944

Gross expense ratio

0.48%

(as of 9/1/2024)

Net expense ratio

0.38%

(as of 9/1/2024)

Fund inception date

6/30/1997

Quick resources

Fact sheet Summary Prospectus Full Prospectus

Morningstar Rating™

Out of 431 funds, Intermediate Core Bond As of 11/30/2024


An investment’s Overall Morningstar Rating™, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings.

Performance

Average annual returns

Average annual returns

(as of 11/30/2024)
6/30/1997
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Fund
1.09
0.00
3.32
7.23
-1.83
0.26
1.61
4.53
Bloomberg U.S. Aggregate Bond Index
1.06
-0.13
2.93
6.88
-1.95
-0.01
1.52
4.16
Lipper Core Bond Funds
1.10
-0.05
3.48
7.42
-1.85
0.25
1.54
-
Expenses (as of 9/1/2024)
Gross Expense Ratio
0.48 %
Net Expense Ratio
0.38 %

One-month, three-month and year-to-date returns are not annualized.

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on an investment in a fund. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. 

Net asset value (NAV) is the value of one share of the fund excluding any sales charges.

Institutional Class shares are sold without a front-end sales charge or contingent deferred sales charge.

The manager has contractually committed, through 8/31/2025, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waivers at 0.38%. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower. The expense ratio paid by an investor is the net expense ratio (the total annual fund operating expenses after fee waivers) as stated in the prospectus.

Calendar year

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
6.03
-13.37
-1.75
8.82
8.48
-0.30
3.57
2.73
0.62
6.17
Benchmark
5.53
-13.01
-1.54
7.51
8.72
0.01
3.54
2.65
0.55
5.97
Morningstar
5.59
-13.32
-1.48
7.52
8.06
-0.37
3.17
2.51
0.22
5.29
Growth of $10,000

Growth of a $10,000 investment

(as of 11/30/2024)

This chart shows the value of a hypothetical $10,000 investment in the fund over the specified time period up to 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.

Does not include sales charges and assumes reinvestment of dividends and capital gains. If sales charges were included, returns would be lower.

Performance and volatility metrics

Performance and volatility metrics

(as of 11/30/2024)
3 Year 5 Year 10 Year
Alpha 0.15 0.27 0.76
Beta 1.01 1.02 1.01
Excess Return 0.12 0.27 0.09
Information Ratio 0.34 0.44 0.19
Sharpe Ratio -0.74 -0.35 -0.03
R2 1.00 0.99 0.99
Tracking Error 0.36 0.61 0.48
Standard Deviation 7.75 6.46 5.05
Upside Market Capture Ratio 101.30 105.17 102.01
Downside Market Capture Ratio 99.93 100.82 100.17
Morningstar ratings and rankings

Morningstar ratings and rankings

(as of 11/30/2024)
Overall
Intermediate Core Bond (Out of 431 funds)
Three Year
38th percentile (147 out of 431)
Five Year
35th percentile (139 out of 386)
Ten Year
36th percentile (95 out of 271)

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.

Morningstar rankings represent a fund's total return rank relative to all funds that have the same category. The percentile ranking is based on the fund's total return percentile rank relative to all funds that have the same category for the same time period. The highest (most favorable) percentile rank is 1% and the lowest (least favorable) percentile rank is 100%. Morningstar rankings do not include the effect of sales charges. The absolute ranking is based on the fund’s total return rank relative to all funds that have the same category for the same time period. Past performance is no guarantee of future results.

Prices, yields and distributions

Historical prices
YTD high $11.45 9/16/2024
YTD low $10.69 4/25/2024
52-week high $11.45 9/16/2024
52-week low $10.69 4/25/2024
2023 high $11.40 2/2/2023
2023 low $10.31 10/19/2023
Best quarterly return 6.83% 12/31/2023
Worst quarterly return -6.04% 3/31/2022
Best annual return 8.82% 12/31/2020
Worst annual return -13.37% 12/31/2022

Distribution summary
Dividends Monthly/Daily accrual
Capital gains Annually

Yields

Yield Statistic Date
Distribution yield 4.39% 12/24/2024
30-day SEC yield 4.32% 12/23/2024
30-day unsubsidized SEC yield 4.23% 12/23/2024
Yield to maturity 4.80% 11/30/2024
Yield to worst 4.80% 11/30/2024

Distribution history

Distribution history Type Per share amount Reinvestment price
2024-11-29 Dividend $0.039928226 $11.11
2024-11-28 Dividend $0.039928226 $11.11
2024-10-31 Dividend $0.040247141 $11.03
2024-09-30 Dividend $0.040240129 $11.35
2024-08-30 Dividend $0.04082306 $11.23
2024-07-31 Dividend $0.040694303 $11.12
2024-06-28 Dividend $0.040346823 $10.91
2024-05-31 Dividend $0.040630803 $10.84
2024-04-30 Dividend $0.03948692 $10.70
2024-03-28 Dividend $0.039771839 $11.01
2024-02-29 Dividend $0.038486251 $10.94
2024-01-31 Dividend $0.039271336 $11.14
2023-12-29 Dividend $0.039850909 $11.19
2023-11-30 Dividend $0.039232367 $10.82
2023-10-31 Dividend $0.039457332 $10.37
2023-09-29 Dividend $0.038444303 $10.59
2023-08-31 Dividend $0.037782182 $10.91
2023-07-31 Dividend $0.03710902 $11.01
2023-06-30 Dividend $0.035538718 $11.05
2023-05-31 Dividend $0.033976618 $11.12
2023-04-28 Dividend $0.032791829 $11.27
2023-03-31 Dividend $0.031434586 $11.24
2023-02-28 Dividend $0.029277266 $11.00
2023-01-31 Dividend $0.029941855 $11.32
2022-12-30 Dividend $0.038638102 $10.97
2022-12-13 Short-term capital gain $0.00611 $11.24
2022-11-30 Dividend $0.026362819 $11.07
2022-10-31 Dividend $0.02465469 $10.70
2022-09-30 Dividend $0.023070571 $10.87
2022-08-31 Dividend $0.022121658 $11.38
2022-07-29 Dividend $0.020356209 $11.72
2022-06-30 Dividend $0.019992595 $11.47
2022-05-31 Dividend $0.018658517 $11.69
2022-04-29 Dividend $0.016386426 $11.65
2022-03-31 Dividend $0.013911815 $12.13
2022-02-28 Dividend $0.012848406 $12.50
2022-01-31 Dividend $0.011796118 $12.67
2021-12-31 Dividend $0.01209994 $12.95
2021-12-14 Long-term capital gain $0.07086 $12.98
2021-12-14 Short-term capital gain $0.04704 $12.98
2021-11-30 Dividend $0.012027692 $13.12
2021-10-29 Dividend $0.011868143 $13.11
2021-09-30 Dividend $0.011790407 $13.14
2021-08-31 Dividend $0.01239607 $13.26
2021-07-30 Dividend $0.013251742 $13.29
2021-06-30 Dividend $0.013833807 $13.16
2021-05-28 Dividend $0.013791189 $13.07
2021-04-30 Dividend $0.01415912 $13.07
2021-03-31 Dividend $0.013737532 $12.98
2021-02-26 Dividend $0.013937672 $13.15
2021-01-29 Dividend $0.014301636 $13.35
2020-12-31 Dividend $0.015761019 $13.46
2020-12-11 Long-term capital gain $0.12863 $13.43
2020-12-11 Short-term capital gain $0.5178 $13.43
2020-11-30 Dividend $0.016688387 $14.10
2020-10-30 Dividend $0.017192176 $13.94
2020-09-30 Dividend $0.018073912 $14.01
2020-08-31 Dividend $0.018872798 $14.03
2020-07-31 Dividend $0.020530016 $14.14
2020-06-30 Dividend $0.021462658 $13.93
2020-05-29 Dividend $0.023700717 $13.82
2020-04-30 Dividend $0.024228577 $13.72
2020-03-31 Dividend $0.023601608 $13.43
2020-02-28 Dividend $0.023648901 $13.64
2020-01-31 Dividend $0.024270092 $13.44
2019-12-31 Dividend $0.024053611 $13.20
2019-12-12 Short-term capital gain $0.02606 $13.19
2019-11-29 Dividend $0.023680721 $13.27
2019-10-31 Dividend $0.02527604 $13.30
2019-09-30 Dividend $0.025858092 $13.29
2019-08-30 Dividend $0.027216048 $13.38
2019-07-31 Dividend $0.027771366 $13.09
2019-06-28 Dividend $0.02881442 $13.08
2019-05-31 Dividend $0.029354768 $12.94
2019-04-30 Dividend $0.030301211 $12.76
2019-03-29 Dividend $0.030747759 $12.79
2019-02-28 Dividend $0.030665319 $12.57
2019-01-31 Dividend $0.031436906 $12.61
2018-12-31 Dividend $0.031477831 $12.51
2018-11-30 Dividend $0.030874179 $12.33
2018-10-31 Dividend $0.030664666 $12.30
2018-09-28 Dividend $0.02936538 $12.42
2018-08-31 Dividend $0.028879324 $12.52
2018-07-31 Dividend $0.02805647 $12.49
2018-06-29 Dividend $0.026839662 $12.51
2018-05-31 Dividend $0.025878451 $12.54
2018-04-30 Dividend $0.024891439 $12.49
2018-03-29 Dividend $0.024100654 $12.61
2018-02-28 Dividend $0.022867846 $12.57
2018-01-31 Dividend $0.023376288 $12.71
2017-12-29 Dividend $0.02294137 $12.88
2017-11-30 Dividend $0.021835019 $12.85
2017-10-31 Dividend $0.021478115 $12.88
2017-09-29 Dividend $0.021981063 $12.90
2017-08-31 Dividend $0.022064305 $12.98
2017-07-31 Dividend $0.022489805 $12.90
2017-06-30 Dividend $0.021861323 $12.86
2017-05-31 Dividend $0.021883602 $12.88
2017-04-28 Dividend $0.021670433 $12.82
2017-03-31 Dividend $0.021528739 $12.74
2017-02-28 Dividend $0.020032774 $12.77
2017-01-31 Dividend $0.019952985 $12.70
2016-12-30 Dividend $0.019262813 $12.69
2016-12-07 Long-term capital gain $0.01087 $12.72
2016-12-07 Short-term capital gain $0.05253 $12.72
2016-11-30 Dividend $0.017988508 $12.75
2016-10-31 Dividend $0.01746923 $13.09
2016-09-30 Dividend $0.017253809 $13.20
2016-08-31 Dividend $0.018043216 $13.20
2016-07-29 Dividend $0.018481373 $13.24
2016-06-30 Dividend $0.018758147 $13.17
2016-05-31 Dividend $0.018785808 $12.95
2016-04-29 Dividend $0.019317751 $12.97
2016-03-31 Dividend $0.01895864 $12.93
2016-02-29 Dividend $0.019062891 $12.84
2016-01-29 Dividend $0.019687289 $12.77
2015-12-31 Dividend $0.019590901 $12.63
2015-11-30 Dividend $0.019640663 $12.70
2015-10-30 Dividend $0.019266928 $12.75
2015-09-30 Dividend $0.019136536 $12.76
2015-08-31 Dividend $0.018871658 $12.69
2015-07-31 Dividend $0.01841033 $12.75
2015-06-30 Dividend $0.018100569 $12.67
2015-05-29 Dividend $0.017241977 $12.83
2015-04-30 Dividend $0.017656612 $12.90
2015-03-31 Dividend $0.018072573 $12.95
2015-02-27 Dividend $0.016787079 $12.90
2015-01-30 Dividend $0.017122465 $13.04
2014-12-31 Dividend $0.018261398 $12.77
2014-11-28 Dividend $0.019231952 $12.80
2014-10-31 Dividend $0.020968429 $12.72
2014-09-30 Dividend $0.019669083 $12.61
2014-08-29 Dividend $0.022310173 $12.72
2014-07-31 Dividend $0.020605422 $12.60
2014-06-30 Dividend $0.02109589 $12.65
2014-05-30 Dividend $0.022300275 $12.66
2014-04-30 Dividend $0.014053383 $12.53
2014-03-31 Dividend $0.02606795 $12.45
2014-02-28 Dividend $0.019488125 $12.49
2014-01-31 Dividend $0.017260612 $12.44
2013-12-31 Dividend $0.023352697 $12.26
2013-12-09 Long-term capital gain $0.0761 $12.31
2013-12-09 Short-term capital gain $0.07121 $12.31
2013-11-29 Dividend $0.018858771 $12.50
2013-10-31 Dividend $0.020323933 $12.56
2013-09-30 Dividend $0.020420373 $12.47
2013-08-30 Dividend $0.022299918 $12.33
2013-07-31 Dividend $0.019122255 $12.43
2013-06-28 Dividend $0.018385217 $12.43
2013-05-31 Dividend $0.016200622 $12.70
2013-04-30 Dividend $0.013240894 $12.95
2013-03-28 Dividend $0.017958868 $12.83
2013-02-28 Dividend $0.016018154 $12.84
2013-01-31 Dividend $0.017695231 $12.79
2012-12-31 Dividend $0.017471748 $12.88
2012-12-07 Long-term capital gain $0.15819 $12.90
2012-12-07 Short-term capital gain $0.40271 $12.90
2012-11-30 Dividend $0.019925611 $13.46
2012-10-31 Dividend $0.020343131 $13.45
2012-09-28 Dividend $0.018957076 $13.42
2012-08-31 Dividend $0.017993472 $13.35
2012-07-31 Dividend $0.023763584 $13.34
2012-06-29 Dividend $0.020087112 $13.16
2012-05-31 Dividend $0.020656399 $13.14
2012-04-30 Dividend $0.022305849 $13.03
2012-03-30 Dividend $0.021195293 $12.90
2012-02-29 Dividend $0.023146332 $12.97
2012-01-31 Dividend $0.024053358 $12.97
2011-12-30 Dividend $0.022929956 $12.85
2011-12-09 Long-term capital gain $0.07415 $12.78
2011-12-09 Short-term capital gain $0.23575 $12.78
2011-11-30 Dividend $0.026869118 $13.04
2011-10-31 Dividend $0.02551433 $13.09
2011-09-30 Dividend $0.030297356 $13.06
2011-08-31 Dividend $0.025388102 $12.99
2011-07-29 Dividend $0.030207763 $12.87
2011-06-30 Dividend $0.030784878 $12.69
2011-05-31 Dividend $0.032893693 $12.75
2011-04-29 Dividend $0.033026889 $12.62
2011-03-31 Dividend $0.027367944 $12.48
2011-02-28 Dividend $0.027827726 $12.47
2011-01-31 Dividend $0.032110426 $12.46
2010-12-31 Dividend $0.030734876 $12.46
2010-12-10 Long-term capital gain $0.10689 $12.41
2010-12-10 Short-term capital gain $0.24466 $12.41
2010-11-30 Dividend $0.030670514 $12.97
2010-10-29 Dividend $0.032873255 $13.08
2010-09-30 Dividend $0.031904679 $13.06
2010-08-31 Dividend $0.025504944 $13.06
2010-07-30 Dividend $0.033918597 $12.91
2010-07-07 Long-term capital gain $0.0291 $12.78
2010-07-07 Short-term capital gain $0.32011 $12.78
2010-06-30 Dividend $0.03467531 $13.14
2010-05-28 Dividend $0.035844646 $12.96
2010-04-30 Dividend $0.036184196 $12.90
2010-03-31 Dividend $0.038151573 $12.80
2010-02-26 Dividend $0.037087179 $12.83
2010-01-29 Dividend $0.042332488 $12.81
2009-12-31 Dividend $0.044372902 $12.64
2009-12-11 Short-term capital gain $0.11967 $12.77
2009-11-30 Dividend $0.044473114 $13.00
2009-10-30 Dividend $0.045937143 $12.87
2009-09-30 Dividend $0.043897897 $12.82
2009-08-31 Dividend $0.047453356 $12.71
2009-07-31 Dividend $0.048617224 $12.60
2009-06-30 Dividend $0.048140005 $12.37
2009-05-29 Dividend $0.046974504 $12.30
2009-04-30 Dividend $0.047396039 $12.20
2009-03-31 Dividend $0.052071615 $12.12
2009-02-27 Dividend $0.050493061 $11.95
2009-01-30 Dividend $0.05183111 $11.99
2008-12-31 Dividend $0.055621285 $11.98
2008-11-28 Dividend $0.055553527 $11.60
2008-10-31 Dividend $0.056112843 $11.37
2008-09-30 Dividend $0.053728537 $11.87
2008-08-29 Dividend $0.052232137 $12.07
2008-07-31 Dividend $0.049193568 $12.02
2008-06-30 Dividend $0.053026826 $12.11
2008-05-30 Dividend $0.05309509 $12.15
2008-04-30 Dividend $0.051291393 $12.29
2008-03-31 Dividend $0.050693599 $12.32
2008-02-29 Dividend $0.049002431 $12.35
2008-01-31 Dividend $0.052227552 $12.38
2007-12-31 Dividend $0.052398543 $12.24
2007-11-30 Dividend $0.051349664 $12.25
2007-10-31 Dividend $0.052371321 $12.11
2007-09-28 Dividend $0.051784469 $12.06
2007-08-31 Dividend $0.051692233 $12.01
2007-07-31 Dividend $0.050926076 $11.94
2007-06-29 Dividend $0.050061372 $11.90
2007-05-31 Dividend $0.05076395 $11.98
2007-04-30 Dividend $0.050369928 $12.13
2007-03-30 Dividend $0.051330101 $12.11
2007-02-28 Dividend $0.049514588 $12.17
2007-01-31 Dividend $0.050608655 $12.03
2006-12-29 Dividend $0.050626968 $12.07
2006-11-30 Dividend $0.050591717 $12.20
2006-10-31 Dividend $0.051520819 $12.11
2006-09-29 Dividend $0.049929868 $12.08
2006-08-31 Dividend $0.050213194 $12.02
2006-07-31 Dividend $0.050205799 $11.89
2006-06-30 Dividend $0.048570242 $11.78
2006-05-31 Dividend $0.048768692 $11.81
2006-04-28 Dividend $0.046758224 $11.87
2006-03-31 Dividend $0.048307564 $11.94
2006-02-28 Dividend $0.043748177 $12.10
2006-01-31 Dividend $0.045278438 $12.10
2005-12-30 Dividend $0.044704431 $12.14
2005-11-30 Dividend $0.044563215 $12.08
2005-10-31 Dividend $0.044742094 $12.08
2005-09-30 Dividend $0.043257447 $12.21
2005-08-31 Dividend $0.04314605 $12.38
2005-07-29 Dividend $0.043519255 $12.27
2005-06-30 Dividend $0.043216662 $12.43
2005-05-31 Dividend $0.04330552 $12.40
2005-04-29 Dividend $0.040888219 $12.31
2005-03-31 Dividend $0.042637681 $12.19
2005-02-28 Dividend $0.039477283 $12.30
2005-01-31 Dividend $0.040924554 $12.40
2004-12-31 Dividend $0.041081533 $12.37
2004-12-16 Short-term capital gain $0.02639 $12.38
2004-11-30 Dividend $0.038467544 $12.33
2004-10-29 Dividend $0.039719666 $12.46
2004-09-30 Dividend $0.039915083 $12.40
2004-08-31 Dividend $0.040809725 $12.41
2004-07-30 Dividend $0.040500543 $12.22
2004-06-30 Dividend $0.03919612 $12.13
2004-05-28 Dividend $0.039959692 $12.11
2004-04-30 Dividend $0.035181852 $12.20
2004-03-31 Dividend $0.034948367 $12.54
2004-02-27 Dividend $0.037201975 $12.47
2004-01-30 Dividend $0.039496631 $12.37
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The 30-day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. The 30-day unsubsidized SEC yield does not reflect waivers in effect. A fund’s actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than the SEC yield.

Composition

Portfolio statistics

Portfolio statistics

(as of 11/30/2024)
Fund Benchmark
Number of Holdings 1031 13703
Effective Duration 6.23 6.08
Weighted Average Effective Maturity 8.99 Years 8.73 Years
AMT 0.00 -
Average Credit Rating AA AA
Average Maturity 16.87 Years 12.64 Years
Credit Spread Duration 6.27 5.99

Fixed Income Style Box

(as of 11/30/2024) Overview chart

Placement within the Morningstar Equity Style Box is based on two variables: relative median market capitalization and relative price valuations (price/book and price/earnings) of the fund’s portfolio holdings. These numbers are drawn from the fund’s portfolio holdings figures most recently entered into Morningstar’s database and the corresponding market conditions. The Ownership Zone is represented by a shaded area surrounding the centroid. This zone encompasses 75% of a portfolio’s holdings on an asset-weighted basis and is designed to be a visual measure of how wide-ranging the portfolio is.

Credit quality

Credit quality

(as of 11/30/2024)
Type
Fund
Benchmark
AAA/Aaa
 10.79% 3.78%
AA/Aa
 70.22% 72.46%
A/A
 13.07% 11.36%
BBB/Baa
 9.69% 12.41%
BB/Ba
 0.15% -
Not rated
 0.06% -
Cash & equivalents
 -3.99% -

The ratings indicated are from Standard & Poor's, Fitch Ratings Ltd., and/or Moody's Investors Service. The percentages of the fund's portfolio with the ratings depicted in the chart are calculated based on total investments of the fund. If a security was rated by all three rating agencies, the middle rating was used. If rated by two of three rating agencies, the lower rating was used, and if rated by one of the agencies, that rating was used. Credit quality is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Maturity

Maturity

(as of 11/30/2024)
Maturity Range
Fund
0 - 1 year
1.68%
1 - 3 years
11.49%
3 - 5 years
22.90%
5 - 10 years
44.79%
10 - 20 years
9.92%
20+ years
9.24%

Maturity distribution is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Holdings

Top 10 holdings

(as of 11/30/2024)
Security
Fund
U.S. Treasuries
1.99%
U.S. Treasuries
1.80%
U.S. Treasuries
1.71%
U.S. Treasuries
1.67%
U.S. Treasuries
1.59%
U.S. Treasuries
1.57%
Umbs Tba 30yr December Delivery
1.51%
GINNIE MAE II POOL
1.45%
US TREASURY N/B
1.36%
U.S. Treasuries
1.27%
View All Holdings
Top 10 represents 15.91% of total net assets
Portfolio composition

Portfolio composition

(as of 11/30/2024)
Credit Assets
Allocation
Benchmark
U.S. treasuries
 24.98% 44.00%
ABS
 7.54% 0.44%
Agencies
 0.45% 1.18%
CMBS
 0.57% 1.51%
CMO
 15.79% -
Corporate bonds
 22.85% 25.19%
Government-related
 0.29% 0.50%
MBS
 26.78% 25.16%
Municipals
 0.01% 0.24%
Sovereign
 0.74% 0.99%

Portfolio composition and maturity distribution are subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding

Documents

Literature Details Frequency
Fact Sheet Administrator, R6, A, C, Institutional Quarterly Download
Regulatory Document Details Date
Annual Report Administrator, R6, A, C, Institutional 4/30/2024 Download
Full Prospectus Institutional 9/1/2024 Download
Quarterly Holdings Administrator, R6, A, C, Institutional 2/29/2024 Download
Quarterly Holdings Administrator, R6, A, C, Institutional 7/31/2024 Download
Semi-annual Report Administrator, R6, A, C, Institutional 11/30/2023 Download
Statement of Additional Information Administrator, R6, A, C, Institutional 9/1/2024 Download
Summary Prospectus Institutional 9/1/2024 Download
Our team
Meet the investment team

To deliver risk-adjusted excess returns for clients, the team focuses on price inefficiencies and actively employs relative-value management or rotation at the security level.

View Team
Maulik

Maulik Bhansali

Co-Head of Core Fixed Income
Jarad

Jarad Vasquez

Co-Head of Core Fixed Income

Key risks

Investing involves risk, including the possible loss of principal. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. Consult the fund’s prospectus for additional information on these and other risks.

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Performance for the fund or the class shown may reflect a predecessor fund's or class' performance and may be adjusted to reflect the fund's or class' expenses as applicable.