|
||||||||
For Terms and Definitions, please click here.
Opinions expressed are subject to change, are not guaranteed and should not be considered investment advice.
As of December 31, 2011 the standardized performance for the Barclays Capital U.S. Govt./Credit 1-5 year Index is as follows: 1-Year 3.14%, 5-Year 4.84% and 10-Year 4.30%. The Barclays Capital U.S. Government/Credit 1-5 Year Index is a market-value-weighted index of all investment grade bonds with maturities of more than one year and less than 5 years. You cannot directly invest in an index.
Ratings are provided by Standard & Poor’s, who assign a rating based on their analysis of the issuer’s credit worthiness. The highest rating given is AAA and the lowest is C.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent calendar quarter-end and month-end may be obtained by clicking the links.
Duration is a commonly used measure of the potential volatility of the price of a debt security, or the aggregate market value of a portfolio of debt securities, prior to maturity. Securities with a longer duration generally have more volatile prices than securities of comparable quality with a shorter duration.
The federal government guarantees interest payments from government securities while corporate bond interest payments carry no such guarantee. Government securities, if held to maturity, guarantee the timely payment of principal and interest.
As of December 31, 2011 the Morningstar Category Average Return for Short-Term Bond Funds is as follows: 1-Year 1.66%, 5-Year 3.48% and 10-Year 3.38%. Each Morningstar average represents a universe of funds with similar investment objectives. You cannot invest directly in an index.
© [2012] Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
2011 Commentaries
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
2010 Commentaries
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
2009 Commentaries
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
Mutual fund investing involves risk, principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities. Investments in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic development Investments in bonds of foreign issuers involve greater volatility, political and economic risks, and differences in accounting methods Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Results include the reinvestment of all dividends and capital gains distributions.
For Fund holdings information, please refer to the Fund Calendar Quarter Holdings section of this website. Securities and sectors mentioned are not recommendations to buy or sell any security and are subject to change at anytime.
Current and future portfolio holdings are subject to risk.