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Corporate Bond Fund

Summary

Summary

What is the Corporate Bond Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in investment grade corporate debt securities.

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading corporate debt. 

HIGH QUALITY, CORPORATE FOCUS

Invested primarily in corporate debt securities rated investment grade, limiting credit risk.

LOW EXPENSES

Offers lower expenses relative to its Lipper and Morningstar peer group category average.

Yield

Dividend Yield as of 07/31/2020  

  Subsidized Un-Subsidized
w/o sales charge 3.36% 0.00%

30-Day Standardized Yield as of 06/30/2020  

  Subsidized Un-Subsidized
w/o sales charge 2.75% 0.00%

Fund Basicsas of 06/30/2020

Total Net Assets
$8.50 M
Inception Date
04/20/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
4.03%
Fund Net Expense Ratio
0.45%
Number of Holdings
305
Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
U.S. Government Related
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

CREDIT QUALITY DISTRIBUTION as of 06/30/2020 View Portfolio

Rating Assets
U.S. Treasury
AAA
AA
A
BBB
<BBB

INVESTMENT TEAM

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

21 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Dividend Yield 1 as of 07/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.36% 0.00%

30-Day Standardized Yield 2 as of 06/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.75% 0.00%

Fund Expense Ratio :

Gross 4.03%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 7.16% 10.62% 6.43% - - 6.52%
Lipper Category Avg. Corporate Debt Funds BBB-Rated - - - - - -
Bloomberg Barclays US Corp Investment Grade Index - - - - - -

Fund Expense Ratio :

Gross 4.03%

Net 0.45%

Fund Expense Ratio :

Gross 4.03%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 3.48% 7.60% 5.50% - - 5.54%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 5.12% 9.05% 5.78% - - -
Bloomberg Barclays US Corp Investment Grade Index 5.02% 9.50% 6.34% - - 6.32%

Fund Expense Ratio :

Gross 4.03%

Net 0.45%

Year Fund Returns Bloomberg Barclays US Corp Investment Grade Index
2019 13.24% 14.54%
2018 -2.64% -2.51%
2017 4.14% 6.42%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -6.18% 10.29% - - 7.18%
2019 4.65% 4.05% 2.80% 1.16% 13.24%
2018 -1.93% -1.15% 0.83% -0.41% -2.64%
2017 - - 1.47% 1.43% 4.14%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
U.S. Government Related
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

CREDIT QUALITY DISTRIBUTION as of 06/30/2020

Rating Assets
U.S. Treasury
AAA
AA
A
BBB
<BBB

Portfolio Details as of 06/30/2020

Total Net Assets
$8.50 M
Number of Issues
305
Average Coupon
4.79%
Average Life
13.91 Years
Average Effective Duration
8.79 Years

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 07/31/2020
$0.220
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 07/31/2020 $0.03004 $10.73
Daily Daily 06/30/2020 $0.03207 $10.39
Daily Daily 05/31/2020 $0.03217 $10.15
Daily Daily 04/30/2020 $0.03202 $9.99
Daily Daily 03/31/2020 $0.03152 $9.51
Daily Daily 02/29/2020 $0.03074 $10.57
Daily Daily 01/31/2020 $0.03170 $10.48

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

CAPITAL GAINS DISTRIBUTIONS

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/14/2017 12/15/2017 - $0.0068 $0.0068 $10.14

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 06/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
4.03% 0.45%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to June 30, 2015,  a figure is used based on the historical performance of the Fund’s Class I Shares, since inception, restated to reflect all charges and fees applicable to Class F3 shares; (b) for periods prior to April 4, 2017 but after June 30, 2015, performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (c) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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