Address And Details

1001 Liberty Ave. , Pittsburgh, PA 15222
Fund Manager Todd A. Abraham
Manager Tenure 18 Years 7 Months

Strategy And Objective

The Fund's investment objective is to provide current income.The Fund seeks to provide current income by investing primarily in fixed-income securities issued or guaranteed by the U.S. government and its agencies and instrumentalities. Under normal market conditions, the Fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. The Fund will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The Fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. The Fund also may invest in U.S. government securities and certain derivative instruments and engage in short sales of U.S. Treasury securities and futures contracts.The Fund typically seeks to maintain an overall average dollar-weighted portfolio duration that is within one year above or below the duration of the blended index comprised of the Bloomberg Barclays US Government Bond Index, an index composed of U.S. government and government agency securities with maturities of one year or more, and the Bloomberg Barclays US Mortgage Backed Securities Index, an index composed of MBS issued or guaranteed by U.S.government agencies or instrumentalities (the Blended Index). At times, the Fund's investment adviser's (the Adviser) calculation of portfolio duration may result in variances outside this range. Duration is a measure of the price volatility of a fixed-income security as a result of changes in market rates of interest, based on the weighted average timing of the instrument's expected fixed interest and principal payments. The Adviser seeks to create a portfolio, consisting of MBS,derivative instruments and other securities, that outperforms the Blended Index.Based on fundamental analysis, the Adviser will consider a variety of factors when making decisions to purchase or sell particular securities or derivative contracts. The Fund may, but is not required to, use derivative instruments, which are instruments that have a value based on another instrument, exchange rate or index, and may be used as substitutes for securities in which the Fund can invest, or to hedge against a potential loss in the underlying asset. There can be no assurance that the Fund's use of derivative instruments will work as intended. Derivative investments made by the Fund are included within the Fund's 80% policy(as described below) and are calculated at market value.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in U.S. government investments.The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in U.S. government investments.

Net Asset Value

as of 5:40 PM ET 09/24/2021


  • 1 Week
  • -0.33%
  • 1 Month
  • -0.55%
  • 3 Months
  • -0.11%
  • 1 Yr Return
  • -3.23%
  • 5 Yr Return
  • -1.10%

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 95.28%
Cash 15.76%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -11.04%
Total Net Assets 4.54 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.12 -1.45 -1.32
Beta 0.69 0.73 0.76
R Squared 0.78 0.84 0.87
Std Deviation 2.72 2.56 2.41
Sharpe Ratio 0.69 0.01 n/a

Purchase Information

as of 5:59 PM ET 09/23/2021
Minimum Initial $1500
Minimum Additional $100
Minimum Initial IRA $250


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
  • -2.12%
  • -2.35%
-2.12% -2.35%
3 Year
  • +2.92%
  • +2.76%
+2.92% +2.76%
10 Year
  • +1.20%
  • +1.36%
+1.20% +1.36%
Life Of Fund
  • +3.25%
  • +3.26%
+3.25% +3.26%

Top 10 Holdings

Symbol Company Name % Of Assets

Recent Articles from TheStreet

Oracle Lead

Guilfoyle: Oracle Not Likely to Rebound Soon

Database giant's troubles finding growth are limiting its upside for now.

DocuSign Set for Strong Q3, RBC Says; Affirms Stock Outperform, Lifts Target

Why Tim Collins Still Likes DocuSign

Digital signature company remains a good play on remote work changes

wynn resorts broll

Jim Cramer Talks Macao With Wynn Resorts CEO

Matthew Maddox argues China's crackdown will lead to better regulation.

Tesla Lead

Electric Vehicle Checkpoint: Experts Say EV Revolution is Here

See the latest news for the top stocks in the electric vehicle space including Tesla, Ford, General Motors, Li Auto and more.


Tim Collins on How to Trade Nikola

Technical setups and short interest make much hated name volatile, and therefore interesting.

Chinese Firms Should Face Faster US Stock Delisting Over Audit Rules, SEC Chairman Gary Gensler Tells Lawmakers

Jim Cramer: Gensler's Plate is Very Full

SEC Chairman is key player in efforts to rein in ceaseless financial engineering.

stocks rise asset management sh

Cramer's Mad Money Recap: Advanced Micro Devices, Nvidia, Thor

Jim Cramer has your game plan for next week, which he says will be the calm before the earnings season storm.

Jim Cramer: Starbucks Needs More Traffic in Stores

Starbucks Resists Union Effort in New York Region: Report

Starbucks reportedly said it will raise wages and benefits and a union isn’t needed, to employees at three stores in Buffalo New York.

Exxon Mobil

Exxon, Occidental, Baker Hughes Make Goldman Turnaround List

Exxon has 'reduced costs, surprised to the downside on capital spending, outperformed our expectations in downstream/chemicals,' Goldman said.


Jim Cramer is Tired of the Weak Response to Chip Shortages

Companies need to forget about help from Washington and step up to the plate.