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Address And Details

PO Box 9655 , Providence, RI 02940
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The investment objective of the Fund is high current income consistent with the preservation of principal. The Fund normally invests at least 80% of its investable assets in bonds of corporations with varying maturities. For purposes of this policy, bonds include all fixed-income securities, adjustable rate securities and floating rate securities, other than preferred stock, and corporations include all private issuers. Although the Fund may invest in bonds of any maturity, under normal market conditions the Fund generally will maintain an effective duration approximately equal to the duration of the Fund s benchmark, the Bloomberg Barclays US Credit Bond Index, plus or minus one year. A debt security's maturity is the date on which the security matures and the issuer is obligated to repay principal. Duration is not necessarily equal to average maturity. Duration differs from maturity in that it considers a security's yield, coupon payments, principal payments and call features in addition to the amount of time until the security finally matures. As the value of a security changes over time, so will its duration. The term investable assets refers to the Fund s net assets plus any borrowings for investment purposes. The Fund s investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund may invest in asset-backed securities and mortgage-related securities, dollar-denominated obligations issued in the US by foreign corporations and governments, including those in emerging markets (Yankee obligations), and debt obligations issued by the US Government and government-related entities. The Fund generally invests in securities that are rated investment-grade at the time of purchase. Investment-grade securities are considered to be those instruments that are rated BBB- or higher by S&P Global Ratings (S&P), or Baa3 or higher by Moody s Investors Service, Inc. (Moody s), or the equivalent by another nationally recognized statistical rating organization (NRSRO), or if unrated, are considered by the Fund s subadviser to be of comparable quality. In the event that a security receives different ratings from different NRSROs, the Fund will treat the security as being rated in the highest rating category received from an NRSRO. The Fund invests only in securities that are denominated in US dollars, although the securities may be issued by a foreign corporation or a US affiliate of a foreign corporation, or by a foreign government or its agencies and instrumentalities. The Fund may also invest up to 20% of its investable assets in below investment grade debt obligations ( junk bonds ) rated BB or lower by S&P, Ba or lower by Moody s, or the equivalent by another NRSRO. The Fund may invest in unrated debt obligations that it determines are of comparable quality to the rated debt obligations that are permissible investments.

Net Asset Value

as of 5:29 PM ET 12/07/2021


  • 1 Week
  • +0.17%
  • 1 Month
  • -0.90%
  • 3 Months
  • -0.90%
  • 1 Yr Return
  • -2.19%
  • 5 Yr Return
  • +9.83%

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 98.36%
Other 1.64%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 15.57 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.51 0.77 n/a
Beta 1.61 1.44 n/a
R Squared 0.52 0.55 n/a
Std Deviation 7.53 6.26 n/a
Sharpe Ratio 0.94 0.60 n/a

Purchase Information

as of 5:29 PM ET 12/06/2021
Minimum Initial $0
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
  • +0.06%
  • +2.83%
+0.06% +2.83%
3 Year
  • +7.88%
  • +7.23%
+7.88% +7.23%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.69%
  • +4.79%
+4.69% +4.79%

Top 10 Holdings

Symbol Company Name % Of Assets

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