Address And Details

60 State Street , Boston, MA 02109
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks current income and total return.Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, investment grade debt securities (including convertible debt) of corporate or other issuers and cash, cash equivalents and other short-term holdings. Derivative instruments that provide exposure to such securities or have similar economic characteristics may be used to satisfy the fund's 80% policy.The fund may invest a substantial portion of its assets in mortgage-related securities, including collateralized mortgage obligations and "sub-prime" mortgages, and asset-backed securities. The fund's investments in mortgage-related and asset-backed securities include securities issued by private issuers. The fund also may invest a portion of its assets in subordinated debt securities, municipal securities, preferred securities, Treasury Inflation Protected Securities ("TIPS") and other inflation-linked debt securities, floating-rate loans and insurance-linked securities. The fund also may enter into mortgage dollar roll transactions. The fund may invest up to 20% of its net assets in debt securities rated below investment grade or, if unrated, of equivalent credit quality as determined by the adviser (known as "junk bonds"), including securities that are in default. The fund may invest up to 15% of its total assets in securities of non-U.S. issuers,including up to 5% of its total assets in securities of emerging market issuers.The fund may invest in securities with a broad range of maturities, and maintains an average portfolio maturity which varies based upon the judgment of the fund's adviser. The fund's investments may have fixed or variable principal payments and all types of interest rate payment and reset terms, including fixed rate, float ingrate, inverse floating rate, zero coupon, when-issued, delayed delivery, to be announced and forward commitment, contingent, deferred and payment in kind and auction rate features. The fund's investments may include instruments that allow for balloon payments or negative amortization payments.The fund may, but is not required to, use derivatives such as credit default swaps and bond and interest rate futures. The fund may use derivatives for a variety of purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund's return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund may hold cash or other short-term investments.The adviser considers both broad economic and issuer specific factors in selecting investments. In assessing the appropriate maturity, credit quality and sector weighting of the fund's portfolio, the adviser considers a variety of factors that are expected to influence economic activity and interest rates. The adviser selects individual securities to buy and sell based upon such factors as a security's yield, liquidity and rating, an assessment of credit quality, and sector and issuer diversification.

Net Asset Value

as of 5:49 PM ET 09/17/2021


  • 1 Week
  • -0.10%
  • 1 Month
  • 0.00%
  • 3 Months
  • +0.70%
  • 1 Yr Return
  • -0.69%
  • 5 Yr Return
  • +3.81%

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 100.93%
Cash 2.97%
Convertible 1.72%
Stocks 0.00%
Preferred 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -5.62%
Total Net Assets 2.81 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.81 1.42 1.47
Beta 1.11 1.00 0.88
R Squared 0.35 0.39 0.41
Std Deviation 6.46 5.18 4.03
Sharpe Ratio 0.89 0.68 n/a

Purchase Information

as of 5:55 PM ET 09/16/2021
Minimum Initial $5000000
Minimum Additional $0
Minimum Initial IRA $0


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
  • +4.50%
  • +8.28%
+4.50% +8.28%
3 Year
  • +6.42%
  • +6.07%
+6.42% +6.07%
10 Year
  • +4.40%
  • +4.27%
+4.40% +4.27%
Life Of Fund
  • +5.51%
  • +5.50%
+5.51% +5.50%

Top 10 Holdings

Symbol Company Name % Of Assets

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