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Address And Details

1345 Ave of the Americas , New York, NY 10105
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The investment objective of the Fund is to seek high current income consistent with preservation of capital. The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in income-producing securities. The Fund also normally invests at least 65% of its total assets in securities of U.S. and foreign governments, their agencies or instrumentalities and repurchase agreements relating to U.S. Government securities. The Fund normally invests at least 65% of its total assets in U.S. Dollar-denominated securities. The Fund may also invest up to 35% of its total assets in non-government fixed-income securities, including corporate debt securities, non-government mortgage-backed and other asset-backed securities, certificates of deposit and commercial paper. The Fund may invest up to 35% of its net assets in below investment grade securities (commonly known as junk bonds ). The Fund may invest no more than 25% of its total assets in securities of issuers in any one country other than the U.S. The Fund s investments in foreign securities may include investments in securities of emerging market countries or of issuers in emerging markets. The Adviser selects securities for purchase or sale based on its assessment of the securities risks and return characteristics as well as the securities impact on the overall risks and return characteristics of the Fund. In making this assessment, the Adviser takes into account various factors, including the credit quality and sensitivity to interest rates of the securities under consideration and of the Fund s other holdings. The Fund may invest in fixed-income securities with any maturity or duration. The Fund utilizes derivatives, such as options, futures contracts, forwards and swaps to a significant extent. The Fund may, for example, use credit default, interest rate and total return swaps to establish exposure to the fixed-income markets or particular fixed-income securities. Derivatives may provide a more efficient and economical exposure to market segments than direct investments, and may also be a more efficient way to alter the Fund s exposure. The Fund may also enter into transactions such as reverse repurchase agreements that are similar to borrowings for investment purposes. The Fund s use of derivatives and these borrowing transactions may create aggregate exposure that is substantially in excess of its net assets, effectively leveraging the Fund.

Net Asset Value

as of 5:34 PM ET 05/20/2022


  • 1 Week
  • +0.14%
  • 1 Month
  • -2.53%
  • 3 Months
  • -8.45%
  • 1 Yr Return
  • -13.05%
  • 5 Yr Return
  • -14.86%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 135.25%
Cash 0.41%
Stocks 0.29%
Preferred 0.08%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -36.03%
Total Net Assets 210.63 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.14 -0.08 n/a
Beta 1.08 1.02 n/a
R Squared 0.47 0.47 n/a
Std Deviation 7.23 5.79 n/a
Sharpe Ratio 0.00 0.03 n/a

Purchase Information

as of 5:50 PM ET 05/18/2022
Minimum Initial $2500
Minimum Additional $50
Minimum Initial IRA $2500


Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -9.21%
  • -4.26%
-9.21% -4.26%
3 Year
  • +0.35%
  • +1.89%
+0.35% +1.89%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.02%
  • +2.74%
+2.02% +2.74%

Top 10 Holdings

Symbol Company Name % Of Assets

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