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Domestic Debt

Limited-Term Bond Fund

The Strategy typically invests in limited-term, U.S. investment-grade fixed income instruments.

Investment Style
Limited Term Bond
Fund Inception
August 1, 2013
Total Assets (all classes) (as of 9/30/2017)
$1.45 billion
Fund Index
Bloomberg Barclays US Agg 1-3 Year Statistics and Returns
NAV (as of 10/20/17)
  • A
$4.56
performance
analytics
holdings
as of 9/30/2017
as of 9/30/2017

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 10/20/17
  • B
1 yr 3 yr since inception
Limited-Term Bond Fund (NAV)
0.23% 0.72% 2.67% 1.92% 1.99% 2.22%
Cumulative
Annualized
1 mo 3 mo ytd as of 10/20/17
  • B
1 yr 3 yr since inception
Limited-Term Bond Fund (NAV)
0.23% 0.72% 2.67% 1.92% 1.99% 2.22%
Gross Expense Ratio: 0.40% | Net Expense Ratio: 0.39%

Year Limited-Term Bond Fund Bloomberg Barclays US Agg 1-3 Year Statistics and Returns
2013 0.00% -1.73%
2014 1.99% 0.82%
2015 0.82% 0.66%
2016 2.51% 1.31%

Date Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year (Linked Index)
BBG Barclays Agg
9/30/2014 0.00 0.00 0.00
10/31/2014 0.37 0.29 0.98
11/30/2014 0.47 0.44 1.70
12/31/2014 0.15 0.18 1.79
1/31/2015 0.82 0.70 3.93
2/28/2015 1.04 0.54 2.95
3/31/2015 1.39 0.77 3.43
4/30/2015 1.64 0.86 3.06
5/31/2015 1.66 0.94 2.81
6/30/2015 1.45 0.91 1.69
7/31/2015 1.57 0.97 2.40
8/31/2015 1.24 0.91 2.25
9/30/2015 1.43 1.21 2.94
10/31/2015 1.65 1.17 2.96
11/30/2015 1.62 0.98 2.69
12/31/2015 1.05 0.85 2.35
1/31/2016 1.25 1.37 3.76
2/29/2016 1.24 1.47 4.50
3/31/2016 1.87 1.83 5.46
4/30/2016 2.52 1.97 5.86
5/31/2016 2.49 1.91 5.89
6/30/2016 3.13 2.52 7.79
7/31/2016 3.77 2.54 8.47
8/31/2016 3.75 2.43 8.35
9/30/2016 4.18 2.55 8.29
10/31/2016 4.16 2.52 7.46
11/30/2016 3.47 2.10 4.92
12/31/2016 3.58 2.17 5.06
1/31/2017 4.02 2.36 5.27
2/28/2017 4.45 2.52 5.98
3/31/2017 4.45 2.58 5.92
4/30/2017 4.91 2.77 6.74
5/31/2017 5.40 2.95 7.56
6/30/2017 5.43 2.91 7.45
7/31/2017 5.92 3.17 7.92
8/31/2017 5.94 3.38 8.88
9/30/2017 6.18 3.26 8.36
Date Dividends
10/31/2014 0.0241
11/28/2014 0.0196
12/31/2014 0.0405
1/30/2015 0.0218
2/27/2015 0.0202
3/31/2015 0.0225
4/30/2015 0.0224
5/29/2015 0.0223
6/30/2015 0.0209
7/31/2015 0.0212
8/31/2015 0.0199
9/30/2015 0.0133
10/30/2015 0.0103
11/30/2015 0.0086
12/31/2015 0.0143
1/29/2016 0.0088
2/29/2016 0.0094
3/31/2016 0.0085
4/29/2016 0.0089
5/31/2016 0.0086
6/30/2016 0.0087
7/29/2016 0.0083
8/31/2016 0.0093
9/30/2016 0.0089
10/31/2016 0.0091
11/30/2016 0.0096
12/30/2016 0.015
1/31/2017 0.0091
2/28/2017 0.0088
3/31/2017 0.01
4/28/2017 0.0099
5/31/2017 0.0116
6/30/2017 0.011
7/31/2017 0.0112
8/31/2017 0.0111
9/29/2017 0.0104

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

$ per share as of 10/22/2017

Date 2012 2013 2014 2015 2016
Short Term 0.1660
Long Term 0.0829
Total Amount of Distribution 0.2488
Record Date 12/28/12
Ex Div Date 12/28/12
Pay Date 12/28/12

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

Analytics

(As of 9/30/2017)

Morningstar 9/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
463
Category
Short-Term Bond
Performance Statistics
3Y
Alpha
0.87
Beta
1.06
Information Ratio
1.15
R-Squared
49.79
Sharpe Ratio
1.46
Standard Deviation
1.13
Sortino Ratio
0.79
Tracking Error
0.80
Dividends
  • C
Est. Frequency
Monthly
Last Pay Date
9/29/2017
Per Share ($)
$0.01
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.13
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
2.73%
1.65%
Yield to Worst
2.39%
164.99%
Current Duration
2.10 yrs
1.90 yrs
Average Coupon
3.78%
-
Convexity
-0.4
0.0
Option Adjusted Spread
93.69 bps
15.81 bps
Turnover Ratio
55.00%
-
Yields
Dividend Yield (w/o sales charge)
2.79%
Standardized Yield
2.64%

Top Fixed Income Sectors

(99.9% of assets as of 09/30/17)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation
Country Limited-Term Bond Fund Bloomberg Barclays US Agg 1-3 Year Statistics and Returns Overweight / Underweight
United States 86.3% 86.8% -0.5%
United Kingdom 3.0% 0.7% 2.3%
Canada 2.9% 1.9% 1.0%
Germany 1.6% 1.9% -0.3%
Netherlands 1.4% 0.5% 0.9%
Switzerland 0.9% 0.4% 0.5%
Italy 0.8% 0.0% 0.8%
France 0.8% 0.4% 0.4%
Japan 0.6% 0.9% -0.3%
Australia 0.6% 0.6% 0.0%
Belgium 0.5% 0.1% 0.4%
Spain 0.4% 0.1% 0.3%
Hong Kong 0.3% - -
Portugal 0.2% - -
Norway 0.2% 0.1% 0.1%
Luxembourg 0.2% - -
Developed Markets Limited-Term Bond Fund Bloomberg Barclays US Agg 1-3 Year Statistics and Returns Overweight / Underweight
Americas 89.2% 88.7% 0.4%
Europe 9.8% 4.6% 5.3%
Asia Pacific 1.5% 1.5% 0.0%
Credit Rating Allocation Limited-Term Bond Fund Bloomberg Barclays US Agg 1-3 Year Statistics and Returns Overweight / Underweight
BBB 46.7% 6.8% 39.9%
A 16.8% 11.0% 5.8%
Agency 14.2% 6.4% 7.8%
BB 8.8% - -
AA 6.1% 6.7% -0.6%
AAA 5.9% 9.1% -3.1%
D 0.7% - -
B 0.6% - -
Unrated 0.5% 0.4% 0.1%
CCC 0.2% - -
  1. 1. Special Risks: 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. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. Asset-backed securities are subject to prepayment risk. Mortgage-backed securities are subject to prepayment risk. Mortgage bonds are susceptible to risks such as default and prepayment of principal and are taxable at the state and federal levels. U.S. Government securities are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
  2. A. 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.
  3. B. "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.
  4. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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