| |
Annualized Returns |
| |
Pricing as of
Sep 01, 2010 |
Month-End performance
as of Aug 31, 2010 |
Quarter-End performance
as of Jun 30, 2010 |
| |
NAV |
Chg |
YTD |
1yr |
5yr |
10yr |
Life
10\14\94 |
1yr |
5yr |
10yr |
Life
10\14\94 |
|
|
at NAV |
$11.57 |
$-0.04 |
6.65% |
8.38% |
5.04% |
5.84% |
6.24% |
8.37% |
4.57% |
5.83% |
6.14% |
w/sales
charge |
|
|
|
3.80% |
4.14% |
5.38% |
5.95% |
3.79% |
3.66% |
5.38% |
5.85% |
|
Gross Expense Ratio: 0.86
Net Expense Ratio: 0.75 |
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PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month-end, which may be higher or lower than the performance shown above, please call 866-667-9231.
Returns prior to 7/12/10 reflect the performance of a predecessor fund, the High Grade Core Fixed Income Fund, a series of Pacific Capital Funds. Please consult the Fund’s prospectus for more detail. Total returns assume the reinvestment of all distributions. Total returns may reflect a waiver of part of the Fund’s fees for certain periods since inception, without which returns would have been lower. The difference between gross and net expense ratios reflects contractual expense waivers in place through February 28, 2011.
Class A Shares have up to a 4.25% front-end sales charge and a 0.25% 12b-1 fee.
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TOP HOLDINGS (all classes) as of 07/31/2010
| Holding | Percent |
|
| US TREASURY 1.875% 30/06/15 USD | 7.84% | | | US TREASURY 0.625% 30/06/12 USD | 3.68% | | | US TREASURY 4.5% 15/02/36 MTN USD | 3.53% | | | FHLMC 5% 01/12/35 FGLMC 30YR POOL G01960 USD | 3.44% | | | US TREASURY 1% 15/07/13 USD | 3.42% | | | GNMA 4.5% 15/06/39 GNSF 30YR POOL 701940 USD | 3.32% | | | GENERAL ELECTRIC CAP CORP 5% 01/02/13 MTN USD | 2.66% | | | US TREASURY 3.5% 15/05/20 USD | 2.33% | | | FEDEX CORP 1997 PASS TST 7.5% 15/01/18 97-A USD | 2.04% | | | FNMA FRN 01/01/37 FNARM 30YR POOL 910473 USD | 1.94% | |
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| INVESTMENT OBJECTIVE |
| The Core Income Fund seeks to maximize total return consistent with the preservation of capital and prudent investment management by investing for both current income and capital appreciation. |
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| INVESTMENT STRATEGY |
The managers employ a risk controlled bottom-up, relative-value security selection approach. The goal of this process is to identify U.S. investment-grade securities that the managers believe are undervalued in the market. | |
|
| PORTFOLIO MANAGEMENT |
| U.S. Fixed Income Team |
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| RISK CONSIDERATIONS |
Fixed Income securities are subject to certain risks including, but not limited to interest rate, inflation, credit, prepayment and call risk. | |
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| |
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Key Facts
| Class | Ticker | CUSIP |
|
| Class A | PCDFX | 003021102 | | | Class C | PCDCX | 003021201 | | | Institutional | PDIVX | 003021409 | | | Inst. Svc.* | ACBKX | 003021508 | |
| Redemption fee |
| 2.00% applied within 15 Days |
| |
| Minimum initial investment |
$1,000 Classes A and C
$1,000 IRA: Classes A and C
$1,000,000 Institutional*
$1,000,000 Institutional Service* |
| |
| Total net assets (all classes) |
| as of August 31, 2010 $194.7 million |
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Literature
How to Invest
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