Objective
The Fund seeks to provide interest income while conserving capital by investing primarily in fixed-rate US investment grade corporate bonds with flexibility to invest up to 20% of the Fund’s total assets in non-investment grade, US dollar-denominated and non-US dollar-denominated securities of foreign issuers (in both developed and emerging markets). The majority of the Fund’s assets will be invested in high quality corporate debt securities. The Fund may invest in government securities, asset-backed securities, commercial mortgage-backed securities, and residential mortgage-backed securities. The Fund may also invest in derivatives and other instruments that have similar economic characteristics to securities in which the Fund may invest.
Management team
as of
02/28/2023
12/31/2022
Average Annual Returns (%)
| Incept. Date |
Max Load (%) |
Since Incept. (%)* |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
|---|---|---|---|---|---|---|---|---|
| NAV | 10/28/1970 | N/A | 7.35 | 1.90 | -10.07 | -2.68 | 1.86 | 3.22 |
| Market | 10/28/1970 | N/A | 7.20 | 4.30 | -3.92 | -0.18 | 3.38 | 3.36 |
| NAV | 10/28/1970 | N/A | 7.34 | -16.78 | -16.78 | -2.20 | 1.03 | 3.07 |
| Market | 10/28/1970 | N/A | 7.14 | -17.76 | -17.76 | -3.44 | 0.89 | 2.65 |
* Returns are cumulative for funds with less than one year of performance.
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Funds are subject to market risk, investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost.
as of
02/28/2023
12/31/2022
Average Annual Returns (%)
| Incept. Date |
Max Load (%) |
Since Incept. (%)* |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
|---|---|---|---|---|---|---|---|---|
| NAV | 10/28/1970 | N/A | 7.35 | 1.90 | -10.07 | -2.68 | 1.86 | 3.22 |
| Market | 10/28/1970 | N/A | 7.20 | 4.30 | -3.92 | -0.18 | 3.38 | 3.36 |
| NAV | 10/28/1970 | N/A | 7.34 | -16.78 | -16.78 | -2.20 | 1.03 | 3.07 |
| Market | 10/28/1970 | N/A | 7.14 | -17.76 | -17.76 | -3.44 | 0.89 | 2.65 |
* Returns are cumulative for funds with less than one year of performance.
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Funds are subject to market risk, investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost.
Historical Prices
No history records found for this date range
| Date | Net Asset Value ($) | fund.performance.historicalPrices.table.closingPrice |
|---|---|---|
| {{histTableData.rateDate | date : 'MM/dd/yyyy'}} | {{histTableData.netAssetValue | numberValue}} | {{histTableData.offeringPrice | numberValue}} |
Distributions
| Capital Gains | Reinvestment Price ($) |
|||
|---|---|---|---|---|
| Ex-Date | Income | Short Term | Long Term | |
| {{distribution.rateDate | date : 'MM/dd/yyyy'}} | {{distribution.dividendFactor | numberValue:4}} | {{distribution.capGainsFactorShort | numberValue:4}} | {{distribution.capGainsFactorLong | numberValue:4}} | {{distribution.reinvestmentPrice | numberValue:3}} |
as of 02/28/2023
Fund Characteristics
| 3-Year Standard Deviation | 10.25 |
| Number of Securities | 842 |
| Total Assets | $185,222,744.00 |
Fund Documents
Risk & Other Considerations
Fund characteristics are subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned or securities in the sectors shown above. Credit quality and credit allocation are shown as a percentage of total net assets. Sectors are shown as a percentage of long-term investments. Securities are classified by sectors that represent broad groupings of related industries. Credit quality allocations based upon ratings as issued by Standard and Poor's and Moody's, respectively.
This data is provided for informational purposes only and is not intended for trading or selling purposes. Closed end funds, unlike open end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed end funds are sold in the open market.
There is no assurance that a closed end fund will achieve its investment objective. Like any stock, a closed end fund's share price will fluctuate with market conditions and other factors. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. Accordingly, it is possible to lose money investing in the Trust.
These funds are subject to credit and interest-rate risk. Credit risk refers to the ability of an issuer to make timely payments of interest and principal. Investments in securities rated below investment grade present greater risk of loss to principal and interest than investment in higher-quality securities. Interest-rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. In a declining interest-rate environment, the portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Should the funds employ leverage, the portfolios may experience increased volatility.
This data is provided for informational purposes only and is not intended for trading or selling purposes. Closed end funds, unlike open end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed end funds are sold in the open market.
There is no assurance that a closed end fund will achieve its investment objective. Like any stock, a closed end fund's share price will fluctuate with market conditions and other factors. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. Accordingly, it is possible to lose money investing in the Trust.
These funds are subject to credit and interest-rate risk. Credit risk refers to the ability of an issuer to make timely payments of interest and principal. Investments in securities rated below investment grade present greater risk of loss to principal and interest than investment in higher-quality securities. Interest-rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. In a declining interest-rate environment, the portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Should the funds employ leverage, the portfolios may experience increased volatility.
United States
Canada (English)
United Kingdom
Isle of Man
Jersey
Guernsey
Australia
China
Hong Kong
Japan
Taiwan
Europe
Dubai