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Core Plus Bond Series   

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Investment Objective

The Core Plus Bond Series seeks to provide long-term total return by investing primarily in fixed income securities.

Investment Strategy

Under normal circumstances, the Series will invest at least 80% of its assets in bonds and other financial instruments with economic characteristics similar to bonds. The Series may invest up to 20% in below investment-grade bonds and an additional 20% of the portfolio may be invested in non-dollar denominated bonds.

May be Appropriate for Investors:

  • Seeking a long-term investment and who are willing to accept the risk of interest rate fluctuations
  • Seeking to diversify a portfolio by adding a bond component

A Word About Risk

All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise.

Availability

Available in all 50 states.


Fund Facts

Ticker EXCPX
CUSIP 563821206
Inception Date 04/21/2005
Account Minimum $2,000*
Expense Ratio 0.76%

*May be waived for qualified retirement plans and investors who establish an automatic investment plan.

Includes a shareholder servicing fee of 0.25%.

Annualized Performance 1
(as of 03/31/2014)

Year-to-Date (01/01/2014 - 03/31/2014) 1.98%
One Year (04/01/2013 - 03/31/2014) 0.71%
Three Year (04/01/2011 - 03/31/2014) 5.33%
Five Year (04/01/2009 - 03/31/2014) 8.79%
Inception (04/21/2005 - 03/31/2014) 5.90%

Top Ten Investments 2
(as of 03/31/2014)

GOVERNMENT AGENCY 5.61%
AMERICAN TOWER CORP 3.40000 02/15/2019 1.46%
GENWORTH FINANCIAL INC 7.62500 09/24/2021 1.45%
AMERICAN INTL GROUP 4.87500 06/01/2022 1.39%
CITIGROUP INC 8.50000 05/22/2019 1.33%
MANUF & TRADERS TRUST CO 6.62500 12/04/2017 1.31%
JEFFERIES GROUP JEF8 1/2 7/15/19 8.50000 07/15/2019 1.26%
LLOYDS TSB BANK PLC 6.50000 09/14/2020 1.26%
WEATHERFORD INTL LTD 9.62500 03/01/2019 1.19%
INTL GAME TECHNOLOGY 7.50000 06/15/2019 1.18%

1

Performance data quoted represents past performance and 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 may be higher or lower than that quoted.

2

Top Ten Investments list is unaudited and excludes cash.


View data:

Annualized Performance 1
(as of 03/31/2014)

Year-to-Date (01/01/2014 - 03/31/2014) 1.98%
One Year (04/01/2013 - 03/31/2014) 0.71%
Three Year (04/01/2011 - 03/31/2014) 5.33%
Five Year (04/01/2009 - 03/31/2014) 8.79%
Inception (04/21/2005 - 03/31/2014) 5.90%

Daily Price (NAV)
(as of 04/17/2014)

Price / Share $10.86
Change ($) Down -0.02
Change (%) Down -0.18

Expense Ratio

0.76%

Includes a shareholder servicing fee of 0.25%.

1

Performance data quoted represents past performance and 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 may be higher or lower than that quoted.


View data:

Top Ten Investments 1
(as of 03/31/2014)

GOVERNMENT AGENCY 5.61%
AMERICAN TOWER CORP 3.40000 02/15/2019 1.46%
GENWORTH FINANCIAL INC 7.62500 09/24/2021 1.45%
AMERICAN INTL GROUP 4.87500 06/01/2022 1.39%
CITIGROUP INC 8.50000 05/22/2019 1.33%
MANUF & TRADERS TRUST CO 6.62500 12/04/2017 1.31%
JEFFERIES GROUP JEF8 1/2 7/15/19 8.50000 07/15/2019 1.26%
LLOYDS TSB BANK PLC 6.50000 09/14/2020 1.26%
WEATHERFORD INTL LTD 9.62500 03/01/2019 1.19%
INTL GAME TECHNOLOGY 7.50000 06/15/2019 1.18%

Fund Holdings

March Holdings 03/31/2014
February Holdings 02/28/2014
January Holdings 01/31/2014
December Holdings 12/31/2013

Sector Allocation
(as of 03/31/2014)

Government 4.34%
Cash 2.11%
Corporate 78.20%
Mortgage 5.55%
Other 9.80%

Credit Quality Distribution
(as of 03/31/2014)

AAA 13.70%
AA 2.10%
A 16.61%
BBB 57.85%
BB 3.76%
B 3.31%
CCC 0.21%
NR 2.46%

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). NR is used to classify securities for which a rating is not available. Credit quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Services (Moody’s) or Standard & Poor’s. When ratings from Moody’s are not available, ratings from Standard and Poor’s are used.

1

Top Ten Investments list is unaudited and excludes cash.

Investments will change over time.