Intermediate Duration Fixed Income
The Intermediate Duration Fixed Income strategy seeks to outperform the Barclays US Intermediate Government/Credit Bond Index while maintaining a benchmark aware risk return objective
Primary Benchmark:
Barclays US Intermediate Government/Credit Bond Index
Strategy Highlights
- Max. < BB: 10%
- Max. Emerging Mkt Debt: 10%
- Max. Non-US dollar: 10%
- Duration typically within +/- 1 year relative to index
- 5% maximum per issuer, GSEs excluded
- 25% maximum per corporate industry
The Intermediate Duration Fixed Income Composite, which was created in 1993, includes all discretionary accounts with market values over $5 million managed in the intermediate fixed income style.
/US~Production~Adobe/$FILE/get_adobe_reader.GIF)
Primary Benchmark: Barclays US Intermediate Government/Credit Bond Index
|
Month-End Performance as of 4/30/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 1.43% | 1.37% | 1.25% | | Year-to-date | 1.14% | 1.06% | 0.89% |
Quarter-End Performance as of 3/31/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 0.38% | 0.32% | 0.26% | | Year-to-date | 0.38% | 0.32% | 0.26% |
| Average Annual Total Return | Gross | Net | Index |
|---|
| 1 year | 5.13% | 4.88% | 3.53% | | 3 years | 5.93% | 5.66% | 4.75% | | 5 years | 6.41% | 6.14% | 4.61% | | 10 years | 5.58% | 5.33% | 4.49% |
|
Calendar Year Performance | Year | Gross | Net | Index |
|---|
| 2012 | 6.24% | 5.98% | 3.89% | | 2011 | 6.13% | 5.86% | 5.80% | | 2010 | 7.52% | 7.25% | 5.89% | | 2009 | 14.26% | 13.96% | 5.24% | | 2008 | -0.25% | -0.51% | 5.08% | | 2007 | 6.52% | 6.25% | 7.39% | | 2006 | 5.02% | 4.76% | 4.08% | | 2005 | 1.93% | 1.70% | 1.58% | | 2004 | 3.86% | 3.64% | 3.04% | | 2003 | 6.52% | 6.31% | 4.31% |
|
Past performance does not guarantee future results. Gross returns are net of trading costs. Net returns are gross returns less effective management fees. Returns for multi-year periods are annualized.
Monthly as of 4/30/2013
| Characteristics | |
|---|
| Number of Issues | | | Average Maturity | | | Weighted Average Duration | @ERROR | | Annual Turnover (-1/-1/-1) | % |
| Currency Distribution | |
|---|
| @ERROR% |
| Duration Distribution | |
|---|
| @ERROR% |
Top Ten Holdings
as of 4/30/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | |
|---|
| 0.00% | | 0.00% |
| Country Distribution | |
|---|
| @ERROR% |
| Maturity Distribution | |
|---|
| @ERROR% |
|
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody's, S&P or Fitch ratings are subject to change. The Fund's shares are not rated by any rating agency and no credit rating for Fund shares is implied.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.
Quarterly as of 3/31/2013
| Characteristics | Fund | Index |
|---|
| Number of Issues | | | | Average Maturity | | | | Weighted Average Duration | | | | Annual Turnover (-1/-1/-1) | % | |
| Currency Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Duration Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
Top Ten Holdings
as of 3/31/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | Fund | Index |
|---|
| 0.00% | 0.00% | | 0.00% | 0.00% |
| Country Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Maturity Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
| Credit Quality | Fund | Index |
|---|
| @ERROR% | @ERROR% |
|
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody's, S&P or Fitch ratings are subject to change. The Fund's shares are not rated by any rating agency and no credit rating for Fund shares is implied.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.