The Fund seeks to provide total return, which is derived from capital appreciation and income.
TOP HOLDINGS (all classes) as of 06/29/2018
|US TREASURY NTS 2.25% 15/08/27 USD||2.02%|
|CITIGROUP 8.125% 15/07/39 USD||1.70%|
|INTL FINANCE CORP 2.8% 15/08/22 MTN AUD||1.59%|
|CONNECTICUT STREET GENERAL OBLIGATION 5.85% 15/03/2032 USD||1.31%|
|US TREASURY N/B 4.5% 15/05/38 USD||1.30%|
|FNMA 3.5% 01/12/47 FNCL 30YR POOL BM3327 USD||1.16%|
|STANDARD CHARTERED 2.4% 08/09/19 144A USD||1.15%|
|CITIBANK 1.85% 18/09/19 USD||1.15%|
|TSY INFL IX N/B 0.875% 15/02/47 INDX LKD USD||1.15%|
|NORWAY(KING OF) 1.75% 17/02/27 NOK||1.12%|
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).
Derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Municipal securities can be affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities.
Investments in asset backed and mortgage backed securities include additional risks that investors should be aware which include those associated with fixed income securities, as well as increased susceptibility to adverse economic developments.
Please read the prospectus for more detailed information regarding these risks.