Skip to main content

Address And Details

1825 Connecticut Ave NW, Suite 400 , Washington, DC 20009
Fund Manager Vishal Khanduja
Manager Tenure 8 Years 11 Months

Strategy And Objective

The Fund's investment objective is to seek to maximize income,to the extent consistent with preservation of capital,through investment in short-term bonds and income-producing securities.The Fund typically invests at least 65% of its net assets in investment grade,U.S.dollar-denominated debt securities,as assessed at the time of purchase.A debt security is considered investment grade when assigned a credit quality rating of BBB- or higher by S&P Global Ratings ( S&P ) oran equivalent rating by another nationally recognized statistical rating organization ( NRSRO ),including Moody s Investors Service,Inc.or Fitch Ratings,or if unrated,considered to be of comparable credit quality by the Fund s investment adviser.For purposes of rating restrictions,if securities are rated differently by two or more rating agencies,the highest rating is used.The Fund invests principally in bonds issued by U.S.corporations,the U.S.Government or its agencies,and U.S.government-sponsored enterprises ( GSEs ) such as the Federal National Mortgage Association ( FNMA ) and the Federal Home Loan Mortgage Corporation ( FHLMC ).The Fund also may invest in trust preferred securities,taxable municipal obligations and loans.The Fund may invest in asset-backed securities ( ABS ) and mortgage-backed securities ( MBS ) that represent interests in pools of mortgage loans (MBS) or other assets (ABS) assembled for sale to investors by various U.S.governmental agencies,government-related organizations and private issuers.MBS may include collateralized mortgage obligations ( CMOs ) and commercial mortgage-backed securities ( CMBS ).The Fund may invest up to 35% of its net assets in below-investment grade,high-yield debt instruments (commonly known as junk bonds ),including distressed instruments that are in default.The Fund may also invest up to 25% of its net assets in foreign debt securities.Foreign debt securities include American Depositary Receipts ( ADRs ).The Fund may engage in forward foreign currency exchange contracts to seek to hedge against the decline in the value of currencies in which its portfolio holdings are denominated against the U.S. dollar.The Fund may also lend its securities.Under normal circumstances,the Fund s average portfolio duration will range from one to three years.Investment decisions for the Fund are made primarily on the basis of fundamental and quantitative research conducted by the investment adviser s research staff and consideration of the responsible investment criteria described below.Management of the Fund involves consideration of numerous factors (such as quality of business franchises,financial strength,management quality and security structural and collateral considerations).The portfolio managers may also use sector rotation strategies in their management of the Fund.The portfolio managers may sell a security when the investment adviser s valuation target is reached,the fundamentals of the investment change or to pursue more attractive investment options.A security will also be sold (in accordance with the investment adviser s guidelines and at a time and in a manner that is determined to be in the best interests of shareholders) if the investment adviser determines that the issuer does not operate in a manner consistent with the Fund s responsible investment criteria.The portfolio managers intend to focus on risk management and also seek to preserve capital to the extent consistent with the Fund s investment objectives.The Fund intends to seek to manage investment risk by maintaining broad issuer and industry diversification among its holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection.The Fund seeksto manage duration and any hedging of interest rate risk through the purchase and sale of U.S.Treasury securities and related futures contracts (which are a type of derivative instrument).

Net Asset Value

as of 5:41 PM ET 12/03/2021


  • 1 Week
  • -0.68%
  • 1 Month
  • -1.16%
  • 3 Months
  • -1.71%
  • 1 Yr Return
  • -0.98%
  • 5 Yr Return
  • +1.25%

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 97.54%
Cash 2.46%
Preferred 0.42%
Stocks 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.41%
Total Net Assets 22.85 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.31 0.06 0.23
Beta 0.38 0.37 0.38
R Squared 0.11 0.15 0.21
Std Deviation 3.95 3.13 2.48
Sharpe Ratio 0.53 0.26 n/a

Purchase Information

as of 5:41 PM ET 12/02/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +0.65%
  • +3.04%
+0.65% +3.04%
3 Year
  • +2.98%
  • +3.07%
+2.98% +3.07%
10 Year
  • +1.80%
  • +1.74%
+1.80% +1.74%
Life Of Fund
  • +2.73%
  • +2.80%
+2.73% +2.80%

Top 10 Holdings

Symbol Company Name % Of Assets

Recent Articles from TheStreet

22 grizzly bear sh

Stocks Beware, BofA Says: Real Earnings Yield at 74-Year Low

There only have been four historical instances of negative real earnings yield, all of which resulted in bear markets, BofA said.

Caleres Steps Up on Second-Quarter Earnings Beat

Should You React To Quarterly Results?

Be prepared to stick to your guns if the market gets it wrong on your stocks.

Bulls vs. Bears: Cramer's 'Mad Money' Recap (Friday 2/1/19)

Cramer's Mad Money Recap 12/8: Pfizer, Sweetgreen, Edwards Lifesciences

Jim Cramer reminds us the Dow has soared from 1,000 to 35,000 over the course of his career. That's quite a run, despite all the investor negativity.

Paradise Cruise Ship Lead

Can Jimmy Buffett Take On Royal Caribbean and Carnival?

The former Bahamas Paradise cruise line will be rebranded to the singer's Margaritaville brand.


Crypto Faces Biggest Test, Morgan Stanley Says

Bitcoin headwinds as the Federal Reserve signals it is planning several rate hikes in 2022.

VanEck Bitcoin Lead

Money Managers Think Cryptocurrencies Are Due For A Correction Next Year

Don’t look for bitcoin or other digital assets to calm down anytime soon.

Wall Street Lead

Apple, Google, Jefferies Delay Workers' Return to Office

Big employers like Google and Apple are delaying plans to bring workers back to the office, but some banks are bucking that trend.

Why Consumers Aren't Shopping for Christmas Sweaters

Here's Why Supply Chain Struggles Won't Lead to a Blue Christmas for Retailers

Even major retailers including Amazon, Walmart, and Target have struggled to keep certain items in stock.


Instagram Chief Defends Practices Amid Capitol Hill Questioning

Adam Mosseri was in front of Congress Wednesday defending his company's efforts to reduce social media's harm on youth.

China's Credit Risks Are Down In Most Sectors, But Payment Delays Persist In Construction And Energy, Survey Finds

Earnings For Workers Rise As Labor Shortages Continue

With another 4.2 million people across the country quitting their jobs in October, 11 million job openings remained unfilled.