Address And Details
|333 S Hope St , Los Angeles, CA 90071|
|Fund Manager||John Queen|
|Manager Tenure||10 Years 6 Months|
Strategy And Objective
The fund s investment objective is to provide you with current income, consistent with the maturity and quality standards described in this prospectus, and preservation of capital. The fund will invest at least 80% of its assets in bonds (bonds include any debt instrument and cash equivalents, and may be represented by other investment instruments, including derivatives). The fund maintains a portfolio of bonds, other debt securities and money market instruments having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities rated AA or Aa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund s investment adviser or unrated but determined to be of equivalent quality by the fund s investment adviser. The fund may invest up to 10% of its assets in debt securities in the A rating category or in unrated securities determined by the fund s investment adviser to be of equivalent quality. The fund primarily invests in debt securities denominated in U.S. dollars, including securities issued and guaranteed by the U.S. government, securities of corporate issuers, mortgage-backed securities and debt securities and mortgage-backed securities issued by government sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government. In addition, the fund may invest in asset-backed securities (securities backed by assets such as auto loans, credit card receivables or other providers of credit). The fund may invest in inflation-linked bonds issued by U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations. Inflation-linked bonds are structured to protect against inflation by linking the bond s principal and interest payments to an inflation index, such as the Consumer Price Index for Urban Consumers, so that principal and interest adjust to reflect changes in the index. The fund may also invest in certain derivative instruments, such as futures contracts and swaps. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index. The fund may invest in a derivative only if, in the opinion of the investment adviser, the expected risks and rewards of the proposed investment are consistent with the investment objective and strategies of the fund as disclosed in this prospectus and in the fund s statement of additional information. The investment adviser uses a system of multiple portfolio managers in managing the fund s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers. The fund relies on the professional judgment of its investment adviser to make decisions about the fund s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||3.62 B|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$25|
|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|
|Life Of Fund||
Master The Market with the Help of Our Financial Experts
Recent Articles from TheStreet
Walmart Plans to Sell Virtual Goods, Create Cryptocurrency and NFTs
Walmart files applications seeking trademarks for digital currency, software to manage cryptocurrency and other digital assets and for online retail services.
Consumer Spending Remains Strong, Says Mastercard CEO
'We continue to see benefits from accumulated savings and an increasing push toward digital,' said Michael Miebach.
Does Anyone Still Watch Broadcast Television? (And What that Means for Disney, Comcast, ViacomCBS and Fox)
New report details the increasing dominance of streaming, but live television endures.
Tesla's Elon Musk Cuts Law Firm After It Won't Fire Lawyer in SEC Probe, Report Says
A Tesla lawyer asked law firm Cooley to fire an attorney who worked on a U.S. Securities and Exchange Commission investigation of Elon Musk, according to a Wall Street Journal report.
McDonald's Takes on KFC, Wendy's With a Spicy New Menu Item
The fast-food chain has been testing a garlic pepper spicy chicken nugget, but there's a catch.
Lucid's 2030 EV Production Goals Bring It to Half Where Tesla Stands Now
The electric vehicle company has a production plan that shows just how speculative its nearly $70 billion valuation is.
Royal Caribbean, Norwegian Cancel More Cruises: Why That's Not Bad for Investors
The cruise lines have canceled select sailings but Royal Caribbean and Norwegian Cruise Line shareholders should take that as a positive.