|1304 W Fairbanks Ave , Winter Park, FL 32789|
|Fund Manager||Team Managed|
The investment objective of this Fund is to generate a high level of current income consistent with prudent investment risk.or achieve its goal,the Fund normally invests at least 80% of its assets in a diversified portfolio of corporate bonds,U.S.government and agency securities,convertible securities and preferred securities. The Investment Manager will only purchase securities for the Fund that are investment grade,with a rating of at least â€œBBBâ€ as rated by Standard & Poorâ€™s or a comparable rating by another nationally recognized rating agency.The Fund may also invest in debt securities that have not been rated by one of the major rating agencies,so long as the Fundâ€™sInvestment Manager has determined that the security is of comparable credit quality to similar rated securities. â-¾In managing the portfolio,the Fundâ€™s Investment Manager concentrates on sector analysis,industry allocation and securities selection,deciding which types of bonds and industries to emphasize at a given time,and then which individual bonds to buy.The Fund attempts to anticipate shifts in the business cycle in determining types of bonds and industry sectors to target.In choosing individual securities,the Fund seeks out securities that appear to be undervalued within the emphasized industry sector.Companies that meet or exceed specific criteria established by the Manager in the selection process are purchased. Securities are sold when they reach internally determined pricing targets or no longerqualify under the Managerâ€™s investment criteria. â-¾The Fund may,from time to time,take temporary defensive positions that are inconsistent with the Fundâ€™s principal investment strategies in attempting to respond to adverse market,economic,political,or other conditions.When the Fund takes a defensive position,the Fundâ€™s assets will be held in cash and/or cash equivalents.â-¾The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol,tobacco,or gambling equipment,gambling enterprises,or which is involved,either directly or indirectly,in abortion or pornography,or promoting anti-family entertainment or alternative lifestyles.
|Asset Type||% Of Allocation|
|Total Net Assets||11.40 M|
|Criteria||3 Years||5 Years||10 Years|
|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|
|Life Of Fund||
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"Lennar, as well as the U.S. housing market, "continued to experience unprecedented supply chain challenges which we believe will continue into the foreseeable future," said chairman Stuart Miller.
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