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Address And Details

1825 Connecticut Ave NW, Suite 400 , Washington, DC 20009
Fund Manager Vishal Khanduja
Manager Tenure 9 Years 4 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 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) or an 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 and other hybrid 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 invest in money market instruments. The Fund may also lend its securities. Investment decisions for the Fund are made primarily on the basis of fundamental and quantitative research conducted by the investment advisers 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 advisers 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 advisers 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 Funds responsible investment criteria. The portfolio managers intend to focus on risk management and also seek to preserve capital to the extent consistent with the Funds investment objective. 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 seeks to 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 05/18/2022

Performance

  • 1 Week
  • -0.77%
  • 1 Month
  • -3.06%
  • 3 Months
  • -8.66%
  • 1 Yr Return
  • -12.27%
  • 5 Yr Return
  • -5.71%

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 95.55%
Cash 2.68%
Preferred 2.40%
Convertible 0.32%
Stocks 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.94%
Total Net Assets 490.18 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.67 1.47 1.38
Beta 1.31 1.21 1.19
R Squared 0.47 0.46 0.54
Std Deviation 8.66 6.96 5.54
Sharpe Ratio 0.18 0.25 n/a

Purchase Information

as of 5:35 PM ET 05/17/2022
Minimum Initial $250000
Minimum Additional $0
Minimum Initial IRA $0

Performance

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
  • -8.30%
  • -2.98%
-8.30% -2.98%
3 Year
  • +2.03%
  • +3.82%
+2.03% +3.82%
10 Year
  • +3.34%
  • +3.94%
+3.34% +3.94%
Life Of Fund
  • +5.10%
  • +5.32%
+5.10% +5.32%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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