Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager S. Kenneth Leech
Manager Tenure 8 Years

Strategy And Objective

Maximize total return.Under normal circumstances, the fund seeks to achieve its investment objective by implementing an opportunistic investing strategy.The fund attempts to identify and capitalize on attractive relative-value opportunities principally in fixed income markets around the globe by investing in a variety of securities and other instruments (for example,by comparing spreads with a subadviser’s assessment of an issuer’s credit worthiness or byseeking to profit from the relative values of two related financial instruments by taking a single long or short position or by taking a long position with respect to one and a short position with respect to the other).Although the fund does not expect to invest in individual equities it may also invest inequity-related strategies,such as equity index futures and swaps,to the extent a subadviser believes those strategies are consistent with the fund’s overall objective and strategy.The fund’s trading strategy is expected to include positions based on longer-term outlooks,such as the subadvisers’views on long-term macroeconomic themes,and shorter-term circumstances.The fund has fewer restrictions than other fixed income funds andexpects to trade actively.The fund may enter into various derivative transactions for both hedging and non-hedging purposes,including for purposes of enhancing returns.These derivative transactions include, but are not limited to,futures,options,swaps and foreign currency futures, forwards and options.In particular,the fund may use certain derivatives,including bond and interest rate futures,options on bonds,options on bond and interest rate futures,interest rate options,interest rate swaps,credit default swaps (on individual securities and/or baskets of securities),other options (including options on credit default swaps and options on currency forwards,futures and swaps),other futures, swaps,forwards,options on swaps,options on forwards,and mortgage-backed securities to a significant extent,although the amounts invested in these instruments may change from time to time.Non-dollar securities may be held on a currency-hedged or-unhedged basis.The fund may engage (although it may choose not to) in currency exchange transactions to protect against uncertainty in the level of future exchange rates or to enhance returns.The fund may also engage in short sales or may otherwise hold short positions.The derivatives used by the fund may represent a form of investment leverage in that the potential exposure of the fund may exceed its net assets.See “Leveraging Risk” below for further discussion of related risks.Although the fund may invest in securities of any maturity,the fund will normally maintain a dollar-weighted average effective duration (including futures positions),as estimated by the fund’s subadvisers,within the range of -5 to 10 years.Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates,taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer).The fund may invest in debt and fixed income securities of any credit quality,including securities that are in default.In addition,under normal circumstances,at the time of purchase: •No more than 75% of the fund’s net assets may be invested in non-dollar denominated securities.

Net Asset Value

as of 6:51 PM ET 09/17/2021

Performance

  • 1 Week
  • +0.59%
  • 1 Month
  • +2.66%
  • 3 Months
  • +3.01%
  • 1 Yr Return
  • +5.56%
  • 5 Yr Return
  • +11.88%

Equity Sector Breakdown

Energy 0.03%
ConsumerDurables 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
Stocks 0.03%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 43.70 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.53 -1.26 n/a
Beta 0.41 0.37 n/a
R Squared 0.46 0.34 n/a
Std Deviation 11.27 9.57 n/a
Sharpe Ratio 0.70 0.53 n/a

Purchase Information

as of 6:41 PM ET 09/16/2021
Minimum Initial $1000
Minimum Additional $50
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
  • +5.23%
  • +7.77%
+5.23% +7.77%
3 Year
  • +8.39%
  • +5.69%
+8.39% +5.69%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +6.41%
  • +6.04%
+6.41% +6.04%

Top 10 Holdings

Symbol Company Name % Of Assets
BERY BERRY CORP 0.01%
SWN SOUTHWESTERN ENERGY CO 0.01%

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