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

Performance

  • 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

Performance

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
n/a

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