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Ultra Short



KEY FACTS as of 09/30/2019

Strategy Inception Date
Oct 2016
Strategy AUM
$20.6 B
ICE BofAML U.S. Treasury Bill Index


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund


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

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Adam Castle
Adam C. Castle, CFA

Portfolio Manager

11 Years of Industry Experience

Yoana Koleva
Yoana Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Related Content

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November 26, 2018

A strategic combination of ultra-short and short-term fixed-income securities, along with bank loans, may be an attractive option for income and total return amid market turmoil.



Portfolio Breakdownas of 09/30/2019

Type Portfolio
Type Portfolio
Corp Floating
Commercial Paper
Corp Fixed Rate
U.S. Government Related

Credit Quality Distributionas of 09/30/2019

Type Portfolio
A-1/P-1 0.1%
A-2/P-2 16.1%
A-3/P-3 11.4%
U.S. Treasury 0.5%
AAA 20.0%
AA 8.2%
A 33.8%
BBB 9.9%

CHARACTERISTICS as of 09/30/2019

Portfolio Index
Portfolio Index
Average Coupon 2.06% 0.00%
Average Life 0.89 Years 0.29 Years
Average Effective Duration 0.22 Years 0.29 Years
Average Yield to Worst 2.11% 1.80%



Ultra Short Bond Institutional Composite

Average Annual Returns as of 10/31/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 2.84% 3.23% 2.40% - - 2.40%
Net of Fees 2.72% 3.09% 2.25% - - 2.25%
ICE BofAML U.S. Treasury Bill Index 2.08% 2.48% 1.60% - - 1.60%

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