US Short-Term Bond Fund

A dynamic, core short-term bond fund with a history of generating risk-adjusted returns and preserving capital

ISIN
IE0004858456

NAV
USD 11.42
As of 2020/10/23

1-Day Change
USD 0.00 (0.00%)
As of 2020/10/23

Morningstar Rating

Key investment risks:
• The Fund may invest in any one or a combination of the following instruments:
– futures, options and swaps and other financial derivative instruments (“FDI”) for investment purposes, up to 10% of the net asset value ("NAV") of the Fund. Given the leverage effect of FDI, such investments may result in substantial loss

More

(as much as 100% of the NAV of the relevant Fund);
– debt securities rated below investment grade; and
– mortgage and asset-backed securities and/or in index/structured securities. These financial instruments may be rated below investment grade.
• Investing in any one of the above instruments may involve substantial credit/counterparty, market, liquidity, currency, leverage, interest, index and swap risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost.
• Series 3, 4 and 5 share classes of the Fund may at its discretion (i) pay dividends out of the capital of the Fund, and/ or (ii) pay dividends out of gross income while charging all or part of the fees and expenses to the capital of the Fund, resulting in an increase in distributable income available for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividends out of capital. This may result in an immediate reduction of the Fund’s net asset value per share, and it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
• The Fund's investments involve developing markets. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels.
• The Fund’s investments may be more concentrated than others that diversify across investments and may therefore be subject to higher risk than funds with more diversified investments.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the Prospectus including the risk factors for further details.

Less

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide as high a level of income as is consistent with the aim of limiting losses to capital over the long term.

More

The Fund invests at least 80% of its assets in US short-term and intermediate-term bonds, issued by governments or companies. Although it has no pre-established quality standards, the Fund will invest at least 70% of its assets in investment grade bond.

Less

ABOUT THIS FUND

  • Leverages a bottom-up process using fundamental analysis and dynamic sector allocation aiming to generate returns through individual security selection
  • Integrated global fixed income and equity research effort seeks to identify the best risk-adjusted opportunities
  • Proprietary research and risk management system, Quantum Global, is integrated into the investment process

PORTFOLIO MANAGEMENT

Greg Wilensky, CFA

Head of U.S. Fixed Income

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Seth Meyer, CFA

Multi Sector Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Performance

Discrete Performance (%)
As of 2020/09/30
A1m USD
 
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
3.96% 3.47% 0.29% 0.79% 1.08%
Cumulative Performance (%)
As of 2020/09/30
A1m USD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1998/12/24
A1m USD -0.01% 0.63% 5.14% 3.52% 3.96% 7.87% 9.90% 80.97%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2020/06/30)
Initial Charge 5.00%
Annual Charge 0.50%
Ongoing Charge
(As of 2020/06/30)
0.87%

Portfolio

Top Holdings (As of 2020/09/30)
% OF FUND
United States Treasury Note/Bond, 1.75%, 07/15/22 5.84
United States Treasury Note/Bond, 1.75%, 11/30/21 3.47
United States Treasury Note/Bond, 1.75%, 06/15/22 3.33
United States Treasury Note/Bond, 2.75%, 11/30/20 2.96
United States Treasury Note/Bond, 2.75%, 08/15/21 1.82
JPMorgan Chase & Co, 2.97%, 01/15/23 1.68
United States Treasury Note/Bond, 2.62%, 12/15/21 1.58
United States Treasury Note/Bond, 0.38%, 04/30/25 1.55
United States Treasury Note/Bond, 2.88%, 10/31/20 1.38
Taco Bell Funding LLC, 4.32%, 11/25/48 1.38
Total 24.99

Documents

TOP