Address And Details

120 West 45th Street, Suite 3600 , New York, NY 10036
Fund Manager Sandy Rufenacht
Manager Tenure 15 Years 2 Months

Strategy And Objective

The Fund s objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with its primary objective. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Such securities may be rated at any level by nationally recognized statistical rating organizations or they may be unrated. It is anticipated that the Fund s portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. Such securities are sometimes called junk bonds. The bonds the Fund purchases can be of any maturity but the average effective weighted maturity of the Fund s portfolio will normally be within one year of the average maturity of the Bloomberg Barclays US Corporate High Yield Total Return Index Value Unhedged. The average maturity of the Index as of December 31, 2020 was 6.46 years. In addition to considering economic factors such as the effect of interest rates on the Fund s investments, Three Peaks Capital Management, LLC (the Sub-Adviser ), applies a bottom up approach in choosing investments. This means that the Sub-Adviser considers the individual characteristics of each potential investment in an income-producing security to determine if it is an attractive investment opportunity and consistent with the Fund s investment policies. Within the parameters of the Fund s specific investment policies, the Fund may invest without limit in foreign debt, including debt of emerging markets issuers. The Fund may also invest in subordinated securities and may hold cash or other short-term investments.

Net Asset Value

as of 5:43 PM ET 09/24/2021


  • 1 Week
  • -0.34%
  • 1 Month
  • +0.11%
  • 3 Months
  • -0.11%
  • 1 Yr Return
  • +3.44%
  • 5 Yr Return
  • +2.47%

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 96.43%
Cash 2.37%
Other 1.21%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 147.29 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 3.58 2.97 3.95
Beta 0.28 0.29 0.36
R Squared 0.05 0.07 0.07
Std Deviation 4.36 3.58 4.01
Sharpe Ratio 1.11 1.00 n/a

Purchase Information

as of 5:44 PM ET 09/22/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +6.55%
  • +10.70%
+6.55% +10.70%
3 Year
  • +5.84%
  • +5.97%
+5.84% +5.97%
10 Year
  • +4.94%
  • +4.80%
+4.94% +4.80%
Life Of Fund
  • +5.04%
  • +5.06%
+5.04% +5.06%

Top 10 Holdings

Symbol Company Name % Of Assets

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