|Pricing Data (As of market close 04/27/17)|
|Closing Market Price||$50.19|
|Trading Volume (Shares)||11,670|
|Yield & Expenses|
Distribution Yield at NAV
|30 Day SEC Yield|
(As of 3/31/17)
|Total Net Assets|
(As of 4/27/17)
|Annual Expense Ratio |
Morningstar (As of 03/31/2017)
|US Fund World Bond|
|Intraday Value (IOPV)||VNLAIV|
|Primary Benchmark||3-Month USD LIBOR|
The strategy combines an actively managed core portfolio of predominantly high quality investment grade fixed income assets, diversified across sectors and geographies, with high conviction tactical trades. We target positive, absolute returns by seeking to select fixed-income instruments that can provide a return of 2% to 3% above 3-Month USD LIBOR (a proxy for cash), while aiming to preserve capital.
We seek to provide an uncorrelated return profile to traditional fixed income that focuses on downside mitigation. Our low-volatility approach means investors may consider the strategy as an alternative to single sector and fixed-term passive options or as a way to put cash to work for potentially higher yield.
The team applies its experience in absolute return bond investing to seek out value and return potential in different market environments. We are free to take advantage of unique opportunities within countries and sectors that may be overlooked or underrepresented in market indices.