OSDAX

Ultra-Short Duration Fund
  • A
  • 1

Overview

The Strategy typically invests in short-term investment-grade debt securities.

Inception Date
May 28, 2019
Investment Style
Ultra Short Bond
Fund Index
ICE BofAML 3-month US T-Bill Index
CUSIP
001421163
NAV
  • B
(as of 06/14/2019)
$5.00
Total Assets
(as of 05/31/2019)
$278.19 MM
Gross Expense Ratio
(as of 05/25/2019)
0.34%
Net Expense Ratio
(as of 05/25/2019)
0.29%
Performance
Average Annual Total Returns
Dividends
Capital Gains Distributions
as of 05/31/2019
as of

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
3 mo ytd as of 2019-05-31
  • C
1 yr 3 yr 5 yr since inception
Ultra-Short Duration Fund (NAV)
0.67% 1.30% 2.68% 1.63% 1.20% 0.90%
Cumulative
Annualized
3 mo ytd as of 2019-05-31
  • C
1 yr 3 yr 5 yr since inception
Ultra-Short Duration Fund (with sales charge)
0.67% 1.30% 2.68% 1.63% 1.20% 0.90%
Gross Expense Ratio: 0.34% | Net Expense Ratio: 0.29%

Year Ultra-Short Duration Fund

Date Dividends
6/29/2018 0.0087
7/31/2018 0.0091
8/31/2018 0.0094
9/28/2018 0.0094
10/31/2018 0.0101
11/30/2018 0.0098
12/31/2018 0.0109
1/31/2019 0.0112
2/28/2019 0.0103
3/29/2019 0.0114
4/30/2019 0.0108
5/31/2019 0.0111
3/31/2021 0.0015

There is no guarantee of the payment of any dividend or other distributions at any level.

$ per share as of 06/17/2019

Date 2014 2015 2016 2017 2018
Short Term 0.0048
Long Term 0.0002
Total Amount of Distribution 0.0050
Record Date 12/31/14
Ex Div Date 12/31/14
Pay Date 12/31/14

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Asset Allocations

(147.1% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Credit Rating Allocation
Country Ultra-Short Duration Fund ICE BofAML 3-month US T-Bill Index Overweight / Underweight
United States 53.4% 100.0% -46.6%
Canada 12.0% - -
United Kingdom 8.9% - -
Japan 7.2% - -
Sweden 5.6% - -
Germany 3.9% - -
Australia 3.1% - -
Italy 1.8% - -
Netherlands 1.4% - -
Switzerland 1.1% - -
Norway 1.1% - -
France 0.5% - -
Credit Rating Allocation Ultra-Short Duration Fund ICE BofAML 3-month US T-Bill Index Overweight / Underweight
AAA 6.6% - -
AA 23.7% - -
A 37.0% - -
BBB 31.0% - -
Unrated 1.8% - -
Other -0.1% - -
Analytics
(As of 05/31/2019)

Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.60%
Standardized Yield
2.45%
Unsubsidized Yield
2.40%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
2.25%
-
Yield to Worst
2.25%
-
Average Effective Maturity
0.65 yrs
-
Current Duration
0.19 yrs
-
Average Coupon
1.59%
-
Effective Coupon
1.59%
-
Option Adjusted Spread
30 bps
-
Turnover Ratio
72%
-
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/31/2019
Per Share ($)
$0.0111
12-Month Distribution ($)
$0.1223
Team
  1. 1. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.  Asset-backed securities are subject to prepayment risk. May invest 25% or more of its assets in securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility. Diversification does not guarantee profit or protect against loss. 
  2. 2. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  3. 3. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  4. 4. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  5. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  6. B. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  7. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  8. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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