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Address And Details

1001 Liberty Ave. , Pittsburgh, PA 15222
Fund Manager J. Andrew Kirschler
Manager Tenure 8 Years 5 Months

Strategy And Objective

The Fund's investment objective is to provide current income. The Fund's overall strategy is to invest in a portfolio generally consisting of U.S. Treasury securities and U.S. government agency securities with maturities of not less than one year and not more than three years, and related derivative contracts. There can be no assurance that the Fund's use of derivative contracts or hybrid 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 buys and sells portfolio securities based primarily on its market outlook and analysis of how securities may perform under different market conditions. The Fund evaluates its investment strategy by comparing the performance and composition of the Fund's portfolio to the performance and composition of the ICE BofAML 1-3 Year US Treasury Index, an index composed of U.S. Treasury notes and bonds with maturities greater than or equal to one year and less than three years. U.S. government securities also may be offered on a delayed delivery basis. The Fund will enter into delayed delivery transactions, including when-issued transactions, in order to participate in these offerings or trade these securities. The Fund may also seek to increase its income by lending its portfolio securities. Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation ( Freddie Mac''), the Federal National Mortgage Association ( Fannie Mae''), and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association ( Ginnie Mae ). Finally, the Fund may invest in certain government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities. The government mortgage-backed securities in which the Fund may invest are government mortgage-backed securities such as those issued by Ginnie Mae, Fannie Mae and Freddie Mac. 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 the amount of any borrowings for investment purposes) in U.S. government investments.

Net Asset Value

as of 5:21 PM ET 12/06/2021


  • 1 Week
  • -0.19%
  • 1 Month
  • -0.39%
  • 3 Months
  • -0.77%
  • 1 Yr Return
  • -1.34%
  • 5 Yr Return
  • -0.68%

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 98.92%
Other 1.08%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 37.74 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.37 -0.15 -0.28
Beta 0.17 0.19 0.17
R Squared 0.32 0.43 0.38
Std Deviation 1.02 0.92 0.80
Sharpe Ratio 1.16 0.25 n/a

Purchase Information

as of 5:22 PM ET 12/02/2021
Minimum Initial $100000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • -0.68%
  • -0.23%
-0.68% -0.23%
3 Year
  • +2.00%
  • +2.30%
+2.00% +2.30%
10 Year
  • +0.73%
  • +0.77%
+0.73% +0.77%
Life Of Fund
  • +2.02%
  • +2.05%
+2.02% +2.05%

Top 10 Holdings

Symbol Company Name % Of Assets

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