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Address And Details

500 Bielenburg Dr. , Woodbury, MN 55125
Fund Manager Jeffrey Heuer
Manager Tenure 4 Years 4 Months

Strategy And Objective

The Fund seeks to provide high current income, and long-term total return. Under normal circumstances, at least 80% of the Fund s assets are invested in below-investment-grade variable or floating rate loans ( Floating Rate Loans ) and floating rate securities selected by the sub-adviser, Wellington Management Company LLP ( Wellington Management ). Floating rate securities are defined to include the following securities of any credit quality: floating rate debt securities, money market securities of all types, repurchase agreements, money market funds and short-term bond funds. Wellington Management may use derivatives, such as swaps, for liquidity, risk management or other investment purposes. The Fund may invest in securities of any maturity or duration. The Fund may purchase senior Floating Rate Loans, second lien loans, fixed rate loans and unsecured loans and debt securities. Senior Floating Rate Loans hold the most senior position in the capital structure of a business entity ( Borrower ), are typically secured by specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by subordinated debtholders and stockholders of the Borrower. Additionally, the Fund may invest up to 25% of its net assets in loans of foreign Borrowers and securities of foreign issuers, and up to 10% of its net assets in foreign loans or securities that are denominated in a foreign currency. The proceeds of Floating Rate Loans primarily are used to finance leveraged buyouts, recapitalizations, mergers, acquisitions, stock repurchases, dividends, and, to a lesser extent, to finance internal growth and for other corporate purposes.

Net Asset Value

as of 5:28 PM ET 01/12/2022


  • 1 Week
  • +0.12%
  • 1 Month
  • +0.36%
  • 3 Months
  • -0.12%
  • 1 Yr Return
  • +0.48%
  • 5 Yr Return
  • -3.34%

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 95.44%
Other 3.93%
Stocks 0.63%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 725.48 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.68 2.19 3.07
Beta 0.32 0.14 0.10
R Squared 0.01 0.00 0.00
Std Deviation 8.87 7.07 5.52
Sharpe Ratio 0.45 0.36 n/a

Purchase Information

as of 5:59 PM ET 12/31/2021
Minimum Initial $2000
Minimum Additional $50
Minimum Initial IRA $2000


Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +4.16%
  • +4.16%
+4.16% +4.16%
3 Year
  • +4.53%
  • +4.53%
+4.53% +4.53%
10 Year
  • +3.92%
  • +3.92%
+3.92% +3.92%
Life Of Fund
  • +3.74%
  • +3.74%
+3.74% +3.74%

Top 10 Holdings

Symbol Company Name % Of Assets


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