|1001 Liberty Ave. , Pittsburgh, PA 15222|
|Fund Manager||Team Managed|
The Fund's investment objective is to provide total return consistent with current income and low interest rate volatility.Fund will achieve its investment objective, it endeavors to do so by following the strategies and policies described in this Prospectus.The Fund's Statement of Additional Information (SAI) provides information about the Fund's non-principal strategies.A description of the various types of securities in which the Fund invests,other investment techniques used by the Fund, and their risks,immediately follows this strategy section.The Fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic non investment-grade (also known as â€œjunk bondsâ€); and foreign (both emerging and developed markets).While the Fund's portfolio usually includes investments from all three categories,the Fund limits the amount that it may invest in a single category to 75% of its assets.From time to time,the Fund may receive equity securities in connection with the restructuring of defaulted corporate bonds,in general,and high yield bonds, in particular.Historically,the performance of each of these three categories has had a low correlation to one another.The Adviser continuously analyzes a variety of economic and market indicators and attempts to strategically position the Fund to achieve its investment objective across changing business cycles.There is noassurance that this relatively low correlation of returns will continue in the future.In making adjustments to the portfolio's allocation,the Adviser considers the expected performance and risks unique to each category and pursues relative value opportunities within each category.Under normal market conditions the Fund will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three(+3) years, in order to manage Share price volatility due to interest rate risk.Duration measures the price sensitivity of a fixed-income security to changes in interest rates.There are no limits with respect to the Fund's average effective portfolio maturity.Duration may be based on maturity date,call date or interest ratereset date.
|Asset Type||% Of Allocation|
|Total Net Assets||434.41 M|
|Criteria||3 Years||5 Years||10 Years|
|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|
|Life Of Fund||
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