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Address And Details

Two Intl Place, Suite 1400 , Boston, MA 02110
Fund Manager Andrew Szczurowski
Manager Tenure 7 Years 4 Months

Strategy And Objective

The Fund's investment objective is to provide a high current return.Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued,backed or otherwise guaranteed by the U.S. Government, or its agencies or instrumentalities (the 80% Policy). The Fund invests primarily in mortgage-backed securities (MBS), including collateralized mortgage obligations, issued, backed or otherwise guaranteed by the U.S. Government or its agencies or instrumentalities or privately issued but collateralized by fixed or adjustable rate mortgages that are insured, guaranteed or otherwise backed by the U.S. Government, or its agencies or instrumentalities. These investments may include MBS that have had a history of refinancing opportunities (so-called seasoned MBS). The Fund may invest significantly in securities issued by various U.S. Government-sponsored entities, such as the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. While such issuers may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Department of the Treasury. The Funds shares are not guaranteed by the U.S. Government.The Fund may invest up to 20% of its net assets in instruments other than securities issued, backed or otherwise guaranteed by the U.S.Government, or its agencies or instrumentalities including privately issued residential and commercial MBS, mortgage-related loans, asset-backed securities, non-U.S. mortgage-related instruments and other income instruments. The Fund may invest in instruments of any credit rating, including those rated below investment grade (rated below BBB by either S&P Global Ratings or Fitch Ratings, or below Baa by Moodys Investors Service,Inc.) or in unrated instruments considered to be of comparable quality by the investment adviser (often referred to as junk instruments).The Fund may invest in stripped securities which may be issued by the U.S. Government, its agencies or instrumentalities, and may also be issued by private originators or investors, including depository institutions, banks, investment banks and special purpose subsidiaries of these entities.The Fund may engage in derivative transactions. Transactions in derivative instruments may include: the purchase or sale of futures contracts on securities, indices or other financial instruments or currencies; options on futures contracts; exchange-traded and over-the-counter options on securities, indices, currencies and other instruments; and interest rate, credit default, inflation and total return swaps. The Fund may take short or long positions with regard to certain synthetic total return swap indices. The Fund may use interest rate swaps and options on interest rate swaps for risk management purposes and not as a speculative investment and would typically use interest rate swaps to shorten the average interest rate reset time of its holdings. The Fund may engage in other derivatives to seek return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the duration of obligations held by the Fund, to manage certain investment risks and/or as a substitute for the purchase or sale of securities or currencies. There is no stated limit on the Funds use of derivatives.

Net Asset Value

as of 5:37 PM ET 11/24/2021


  • 1 Week
  • -0.33%
  • 1 Month
  • -0.83%
  • 3 Months
  • -1.15%
  • 1 Yr Return
  • -2.59%
  • 5 Yr Return
  • -5.80%

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 118.36%
Cash 2.90%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -21.26%
Total Net Assets 166.59 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.75 0.12 0.08
Beta 0.03 0.10 0.20
R Squared 0.01 0.07 0.25
Std Deviation 1.30 1.15 1.19
Sharpe Ratio 0.68 0.28 n/a

Purchase Information

as of 5:49 PM ET 11/22/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 10/31/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 10/31/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • -0.50%
  • +0.32%
-0.50% +0.32%
3 Year
  • +2.18%
  • +2.51%
+2.18% +2.51%
10 Year
  • +1.24%
  • +1.33%
+1.24% +1.33%
Life Of Fund
  • +5.35%
  • +5.38%
+5.35% +5.38%

Top 10 Holdings

Symbol Company Name % Of Assets

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