Investment Objective

To provide long-term total return by investing primarily in fixed income securities.

Investment Strategy

Under normal circumstances, at least 80% of the Series’ assets will be invested in investment-grade bonds and other financial instruments with economic characteristics similar to bonds. Holdings will consist of U.S. dollar denominated securities. The Series is not subject to maturity or duration restrictions.

May be Appropriate for Investors

  • Seeking an intermediate-term oriented, high quality bond component
  • Looking to diversify a portfolio by adding an actively managed fixed income approach that is objectives-driven, not benchmark-driven

Daily Price

$9.45

Daily $ Change

$0.02

Daily % Change

0.21%

as of 11/12/2018

Ticker

EXCIX

CUSIP

56382R720

Inception Date

08/03/2015

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-05/14/18

Performance

As of 10/31/2018

YTD

-2.41%

1 Year

-2.34%

3 Year

0.89%

5 Year

1.41%

10 Year

5.18%

Inception
(04/21/2005)

4.03%

Market Cycle

---

Based on the Core Bond Series Class S inception of 04/21/2005. For periods through 08/03/2015 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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.

Expense Ratio

Gross 0.52%
Net 0.45%*

*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (04/30/2019) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 10/31/2018

TREASURY NOTES 23.23%
GOVERNMENT AGENCY 14.08%
TREASURY BONDS 9.87%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 5.05%
MORGAN STANLEY FLT 3.56325 05/08/2024 1.59%
BANK OF AMERICA CORP 4.00000 01/22/2025 1.57%
SABINE PASS LIQUEFACTION 5.87500 06/30/2026 1.57%
JPMORGAN CHASE & CO 6.30000 04/23/2019 1.57%
PRICELINE GROUP INC/THE 3.60000 06/01/2026 1.57%
VERIZON COMMUNICATIONS 5.50000 03/16/2047 1.56%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 10/31/2018

Treasury 39.38%
Government 1.13%
Cash 2.17%
Corporate 27.51%
Mortgage 29.81%

Credit Quality Distribution

As of 10/31/2018

AAA 65.64%
AA 4.15%
A 4.30%
BBB 21.91%
BB 1.05%
NR 2.95%

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (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 & Poor’s are used.

October Fund Holdings

As of 10/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 1,820,000 $1,764,968.68
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 1,810,000 $1,767,448.66
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 1,870,000 $1,767,589.56
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 26,993.67 $27,115.65
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 543,055.83 $538,657.95
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 400,000 $381,652.16
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 2,750,000 $2,678,055.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 2,530,000 $2,643,627.74
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 1,820,000 $1,818,362.00
12592TAA3 COMM 2015-3BP A FLT 3.17800 02/10/2035 US 400,000 $385,272.96
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 257,444.39 $237,364.29
12647MBY0 CSMC 2013-6 2A1 3.50000 08/25/2043 US 823,621.26 $794,858.76
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 570,000 $568,737.45
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 32,383.23 $32,312.39
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 470,853.39 $468,761.06
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 520,217.68 $514,918.85
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 415,173.05 $409,643.53
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 1,860,000 $2,597,016.98
19625JAA1 CAH 2015-1A A 3.48713 07/17/2032 US 525,804.66 $525,805.34
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 1,205,000 $1,277,143.68
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 350,000 $348,159.35
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 181,185.24 $164,217.79
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 1,870,000 $1,729,538.90
262006208 DREYFUS GVT CSH MANAGEMENT US 3,772,539.57 $3,772,539.57
29372EBS6 EFF 2016-2 A2 1.74000 02/22/2022 US 147,844.32 $147,271.88
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 2,000,000 $1,967,080.00
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 21,806.19 $21,689.73
30261KAN6 FREMF 2012-K711 B 3.57019 08/25/2045 US 450,000 $449,992.08
30262SAR9 FREMF 2015-K42 B FLT 3.85159 12/25/2024 US 380,000 $371,508.86
30263HAL5 FREMF 2011-K15 B FLT 4.94817 08/25/2044 US 170,000 $176,093.97
30286XAN9 FREMF 2015-K43 B FLT 3.73427 02/25/2048 US 400,000 $387,392.72
30291EAE4 FREMF 2013-K712 B FLT 3.35777 05/25/2045 US 360,000 $359,409.28
30291XAE2 FREMF 2014-K715 B FLT 3.97812 02/25/2046 US 465,000 $468,507.26
3128E5VC0 FHLM POOL D98711 4.50000 07/01/2031 US 126,768.94 $130,324.45
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 47,928.82 $51,739.64
3128M7FQ4 FHLM POOL G05275 5.50000 02/01/2039 US 261,016.17 $278,771.95
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 98,190.55 $105,606.96
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 12,996.61 $13,299.11
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 9,151.94 $9,406.70
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 7,087.25 $7,302.87
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 12,520.2 $12,900.59
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 390,650.48 $401,833.90
3128MJJN1 FHLM POOL G08268 5.00000 05/01/2038 US 760,352.47 $802,103.29
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 119,245.94 $122,829.08
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 139,658.35 $144,788.47
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 135,741.71 $139,756.52
3128P8A92 FHLM POOL C91832 3.50000 06/01/2035 US 700,858.31 $693,912.61
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 339,907.36 $352,206.36
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 890,866.98 $923,061.03
3132J8YK0 FHLM POOL Q17513 3.50000 04/01/2043 US 209,382.82 $205,680.59
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 834,907.8 $836,095.13
3132QUWT6 FHLM POOL Q37857 4.00000 12/01/2045 US 728,292.87 $729,670.20
3132QVKA8 FHLM POOL Q38388 4.00000 01/01/2046 US 872,838.41 $874,981.79
3132WL4Q6 FHLM POOL Q47130 4.50000 04/01/2047 US 375,148.74 $384,421.11
31335A5Q7 FHLM POOL G60855 4.50000 12/01/2045 US 332,977.59 $341,523.35
31335ACG1 FHLM POOL G60071 4.50000 07/01/2042 US 342,863.5 $355,247.62
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 439,857.88 $440,724.33
31335ASA7 FHLM POOL G60513 5.00000 07/01/2041 US 789,432.84 $832,876.44
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 11,834.81 $11,929.82
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 673,621.01 $664,694.86
3137ADTK3 FHMS K014 X1 FLT 1.14903 04/25/2021 US 7,002,402.11 $171,061.68
3137AJMG6 FMHS K016 X1 FLT 1.50068 10/25/2021 US 1,103,103.81 $40,595.65
3137AUPF0 FHMS K021 x1 FLT 1.44696 06/25/2022 US 9,071,678.57 $392,058.90
3137B3NB0 FHMS K030 X1 FLT 0.19863 04/25/2023 US 13,552,333.92 $104,699.91
3137B4GZ3 FHMS K032 X1 FLT 0.10471 05/25/2023 US 7,953,333.95 $37,518.26
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 859,690.03 $871,664.82
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 873,870.69 $899,164.53
3138A5JC7 FEDERAL NATL MTG ASSN AH3858 4.50000 08/01/2041 US 525,642.87 $544,575.07
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 115,922.1 $116,803.11
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 164,277.25 $165,520.32
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 635,094.96 $676,250.13
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 2,337,911.22 $2,285,596.04
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 332,444.11 $343,679.31
3138YNR25 FEDERAL NATL MTG ASSN AY8604 3.50000 04/01/2045 US 273,691.28 $267,570.96
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 339,393.03 $363,726.88
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 908,826.96 $911,619.17
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 150,441.02 $147,027.27
3140F4UB0 FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 133,359.45 $133,498.96
3140F8KD8 FEDERAL NATL MTG ASSN BD1191 3.50000 01/01/2047 US 532,104.5 $519,101.03
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 308,866.94 $309,173.47
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 283,368.24 $292,276.29
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 428,916.53 $439,570.41
3140HPUY1 FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 US 428,817.34 $439,468.63
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 994,584.56 $1,039,143.41
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 586,457.92 $601,211.37
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 397,358.42 $415,140.63
3140Q9T78 FEDERAL NATL MTG ASSN FN CA2373 5.00000 09/01/2048 US 853,352.16 $891,496.65
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 9,800.17 $10,046.06
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 11,897.87 $12,194.13
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 81,259.31 $82,646.88
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 98,626.71 $100,317.40
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 850,000 $891,638.76
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 315,949.73 $338,743.44
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 45,755.84 $48,873.66
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 4,277.99 $4,333.84
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 56,454.63 $57,465.30
31416CJV9 FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 US 135,400.82 $147,842.24
31418B2V7 FEDERAL NATL MTG ASSN MA2587 3.50000 04/01/2036 US 679,814.36 $673,038.14
31418B6G6 FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 US 377,419.38 $357,473.82
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 94,357.58 $97,098.08
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 1,075,352.13 $1,018,466.43
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 834,454.75 $850,392.85
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 47,536.47 $50,863.81
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 9,324.17 $9,660.34
34531GAD3 FORDL 2017-A A3 1.88000 04/15/2020 US 1,000,000 $997,399.00
357081AE8 FREMF 2015-K720 B FLT 3.39033 07/25/2022 US 340,000 $330,457.90
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 400,000 $398,761.60
36143WAS0 GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 US 220,000 $218,368.08
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 450,000 $439,973.28
36251LAE3 GMALT 2016-2 A4 1.76000 03/20/2020 US 1,000,000 $997,693.90
37045VAR1 GENERAL MOTORS CO FLT 3.22706 09/10/2021 US 1,770,000 $1,767,440.58
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 470,914.62 $431,412.28
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 1,760,000 $1,788,070.29
46187BAA1 IHSFR 2017-SFR2 A 3.13950 12/17/2036 US 153,857.01 $154,001.14
46187BAB9 IHSFR 2017-SFR2 B 3.43950 12/17/2036 US 115,000 $115,757.18
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 2,630,000 $2,672,592.38
46635GAE0 JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 US 176,279.46 $177,834.00
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 127,891.81 $121,181.07
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 143,297.86 $138,286.45
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 174,911.87 $171,338.60
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 837,610.75 $820,563.70
46649HAC6 JPMMT 2017-6 A3 3.50000 12/25/2048 US 321,458.82 $308,625.54
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 538,840.34 $527,537.09
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 2,270,000 $2,600,056.71
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 1,000,000 $985,515.68
50218LAC0 LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 US 3,737.58 $3,729.02
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 840,000 $887,051.32
58768MAC5 MBALT 2016-B A3 1.35000 08/15/2019 US 288,899.51 $288,532.17
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 2,670,000 $2,698,168.50
64828AAA1 NRZT 2014-1A A 3.75000 01/25/2054 US 306,955.28 $305,512.90
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 138,519.92 $137,800.10
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 295,307.43 $293,480.92
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 244,253.25 $242,416.22
67087MAA4 OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 US 100,000 $101,631.31
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 400,000 $396,200.00
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 2,790,000 $2,664,560.60
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 400,000 $385,536.28
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 1,710,000 $1,779,255.00
78469EAB5 SOFI 2014-A A2 3.02000 10/25/2027 US 138,550.43 $138,440.74
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 1,000,000 $975,492.20
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 606,510.78 $604,730.37
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,520,000 $2,675,290.74
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 1,780,000 $1,740,565.04
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 146,492.01 $137,158.86
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 200,991.19 $188,326.53
81745FAA4 SEMT 2012-3 A1 3.50000 07/25/2042 US 364,869.64 $354,408.10
831641FC4 SBIC 2015-10A 1 2.51700 03/10/2025 US 484,012.76 $466,568.84
831641FE0 SBIC 2015-10B 1 2.82900 09/10/2025 US 1,318,915.21 $1,282,363.85
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 116,712.45 $115,501.37
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 150,000 $145,434.21
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 82,807.51 $82,149.89
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 215,980.69 $214,011.81
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 169,882.17 $169,085.86
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 1,740,000 $1,787,254.71
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.49950 11/15/2027 US 373,707.88 $373,758.59
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 116,803.03 $116,399.49
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 569,226.56 $552,630.99
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 497,859.67 $479,406.50
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 499,467.19 $476,660.37
90270YBF5 UBS-BARCLAYS COMMERCIAL MORTGAGE 3.18470 03/10/2046 US 800,000 $789,042.24
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 2,625,000 $3,398,452.16
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 4,260,000 $5,128,973.46
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 1,936,051.8 $1,719,682.89
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 4,000,000 $3,371,406.24
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 5,292,000 $4,901,508.29
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 5,200,000 $5,032,218.78
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 3,435,000 $3,420,374.42
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 8,735,106.34 $8,586,222.83
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 5,419,000 $5,110,582.71
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 5,525,000 $4,980,269.53
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 1,922,588.8 $1,850,984.09
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 5,550,000 $5,327,783.22
912828X70 US TREASURY N/B 2.00000 04/30/2024 US 5,623,000 $5,333,942.66
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 5,345,000 $5,044,970.13
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 5,598,000 $5,284,861.88
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 2,540,000 $2,646,611.98
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 245,000 $248,484.24
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 782,879.08 $802,629.08
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 275,000 $279,213.66
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,495,000 $1,392,052.01
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 130,588.46 $130,247.32
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 150,785.67 $146,810.58

Investments will change over time.

Distributions

  • Core Bond Series Class I Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

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.

Daily Price

$9.45

Daily $ Change

$0.02

Daily % Change

0.21%

as of 11/12/2018

Ticker

EXCIX

CUSIP

56382R720

Inception Date

08/03/2015

Investment Minimum

$1,000,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-05/14/18

Investment Objective

To provide long-term total return by investing primarily in fixed income securities.

Investment Strategy

Under normal circumstances, at least 80% of the Series’ assets will be invested in investment-grade bonds and other financial instruments with economic characteristics similar to bonds. Holdings will consist of U.S. dollar denominated securities. The Series is not subject to maturity or duration restrictions.

May be Appropriate for Investors

  • Seeking an intermediate-term oriented, high quality bond component
  • Looking to diversify a portfolio by adding an actively managed fixed income approach that is objectives-driven, not benchmark-driven

Performance

As of 10/31/2018

YTD

-2.41%

1 Year

-2.34%

3 Year

0.89%

5 Year

1.41%

10 Year

5.18%

Inception
(04/21/2005)

4.03%

Market Cycle

---

Based on the Core Bond Series Class S inception of 04/21/2005. For periods through 08/03/2015 (the inception date of the Class I shares), performance for the Class I shares is based on the historical performance of the Class S shares. Because the Class I shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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.

Expense Ratio

Gross 0.52%
Net 0.45%*

*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (04/30/2019) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 10/31/2018

TREASURY NOTES 23.23%
GOVERNMENT AGENCY 14.08%
TREASURY BONDS 9.87%
UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 5.05%
MORGAN STANLEY FLT 3.56325 05/08/2024 1.59%
BANK OF AMERICA CORP 4.00000 01/22/2025 1.57%
SABINE PASS LIQUEFACTION 5.87500 06/30/2026 1.57%
JPMORGAN CHASE & CO 6.30000 04/23/2019 1.57%
PRICELINE GROUP INC/THE 3.60000 06/01/2026 1.57%
VERIZON COMMUNICATIONS 5.50000 03/16/2047 1.56%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 10/31/2018

Treasury
39.38%
Government
1.13%
Cash
2.17%
Corporate
27.51%
Mortgage
29.81%

Credit Quality Distribution

As of 10/31/2018

AAA
65.64%
AA
4.15%
A
4.30%
BBB
21.91%
BB
1.05%
NR
2.95%

Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (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 & Poor’s are used.

October Fund Holdings

As of 10/31/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 1,820,000 $1,764,968.68
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 1,810,000 $1,767,448.66
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 1,870,000 $1,767,589.56
03063NAA5 AMERICOLD LLC TRUST 3.84730 01/14/2029 US 26,993.67 $27,115.65
05582QAD9 BMWOT 2016-A A3 1.16000 11/25/2020 US 543,055.83 $538,657.95
05604LAA0 BWAY 2015-1740 A 2.91700 01/10/2035 US 400,000 $381,652.16
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 2,750,000 $2,678,055.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 2,530,000 $2,643,627.74
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 1,820,000 $1,818,362.00
12592TAA3 COMM 2015-3BP A FLT 3.17800 02/10/2035 US 400,000 $385,272.96
12646XAH5 CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 257,444.39 $237,364.29
12647MBY0 CSMC 2013-6 2A1 3.50000 08/25/2043 US 823,621.26 $794,858.76
12770QAA3 CZR 2017-VICI A 3.53100 10/15/2034 US 570,000 $568,737.45
149806AA9 CAZ 2015-1A A 2.00000 12/10/2023 US 32,383.23 $32,312.39
14980AAA0 CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 US 470,853.39 $468,761.06
165183AL8 CFII 2017-2A A1 1.99000 05/15/2029 US 520,217.68 $514,918.85
165183BB9 CFII 2017-4A A1 2.12000 11/15/2029 US 415,173.05 $409,643.53
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 1,860,000 $2,597,016.98
19625JAA1 CAH 2015-1A A 3.48713 07/17/2032 US 525,804.66 $525,805.34
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 1,205,000 $1,277,143.68
22530LAA4 CAALT 2017-1A A 2.56000 10/15/2025 US 350,000 $348,159.35
22944PAA5 CSMC 2013-TH1 A1 2.13000 02/25/2043 US 181,185.24 $164,217.79
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 1,870,000 $1,729,538.90
262006208 DREYFUS GVT CSH MANAGEMENT US 3,772,539.57 $3,772,539.57
29372EBS6 EFF 2016-2 A2 1.74000 02/22/2022 US 147,844.32 $147,271.88
302154BV0 EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 KR 2,000,000 $1,967,080.00
30251JAA9 FDIC 2011-R1 A 2.67200 07/25/2026 US 21,806.19 $21,689.73
30261KAN6 FREMF 2012-K711 B 3.57019 08/25/2045 US 450,000 $449,992.08
30262SAR9 FREMF 2015-K42 B FLT 3.85159 12/25/2024 US 380,000 $371,508.86
30263HAL5 FREMF 2011-K15 B FLT 4.94817 08/25/2044 US 170,000 $176,093.97
30286XAN9 FREMF 2015-K43 B FLT 3.73427 02/25/2048 US 400,000 $387,392.72
30291EAE4 FREMF 2013-K712 B FLT 3.35777 05/25/2045 US 360,000 $359,409.28
30291XAE2 FREMF 2014-K715 B FLT 3.97812 02/25/2046 US 465,000 $468,507.26
3128E5VC0 FHLM POOL D98711 4.50000 07/01/2031 US 126,768.94 $130,324.45
3128M73H7 FHLM POOL G05900 6.00000 03/01/2040 US 47,928.82 $51,739.64
3128M7FQ4 FHLM POOL G05275 5.50000 02/01/2039 US 261,016.17 $278,771.95
3128M9ZU9 FHLM POOL G07655 5.50000 12/01/2035 US 98,190.55 $105,606.96
3128MBDP9 FHLM POOL G12610 6.00000 03/01/2022 US 12,996.61 $13,299.11
3128MBE45 FHLM POOL G12655 6.00000 05/01/2022 US 9,151.94 $9,406.70
3128MBRH2 FHLM POOL G12988 6.00000 01/01/2023 US 7,087.25 $7,302.87
3128MBUB1 FHLM POOL G13078 6.00000 03/01/2023 US 12,520.2 $12,900.59
3128MJ2U3 FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 390,650.48 $401,833.90
3128MJJN1 FHLM POOL G08268 5.00000 05/01/2038 US 760,352.47 $802,103.29
3128P75F6 FHLM POOL C91746 4.50000 12/01/2033 US 119,245.94 $122,829.08
3128P76G3 FHLM POOL C91771 4.50000 06/01/2034 US 139,658.35 $144,788.47
3128P76R9 FHLM POOL C91780 4.50000 07/01/2034 US 135,741.71 $139,756.52
3128P8A92 FHLM POOL C91832 3.50000 06/01/2035 US 700,858.31 $693,912.61
312941F69 FHLM POOL A92889 4.50000 07/01/2040 US 339,907.36 $352,206.36
312941ZQ3 FHLM POOL Q93451 4.50000 08/01/2040 US 890,866.98 $923,061.03
3132J8YK0 FHLM POOL Q17513 3.50000 04/01/2043 US 209,382.82 $205,680.59
3132QUNJ8 FHLM POOL Q37592 4.00000 12/01/2045 US 834,907.8 $836,095.13
3132QUWT6 FHLM POOL Q37857 4.00000 12/01/2045 US 728,292.87 $729,670.20
3132QVKA8 FHLM POOL Q38388 4.00000 01/01/2046 US 872,838.41 $874,981.79
3132WL4Q6 FHLM POOL Q47130 4.50000 04/01/2047 US 375,148.74 $384,421.11
31335A5Q7 FHLM POOL G60855 4.50000 12/01/2045 US 332,977.59 $341,523.35
31335ACG1 FHLM POOL G60071 4.50000 07/01/2042 US 342,863.5 $355,247.62
31335AFY9 FHLM POOL G60183 4.00000 12/01/2044 US 439,857.88 $440,724.33
31335ASA7 FHLM POOL G60513 5.00000 07/01/2041 US 789,432.84 $832,876.44
31336WBS7 FHLM POOL G11850 5.50000 07/01/2020 US 11,834.81 $11,929.82
3136B1YD0 FNR 2018-31 KP 3.50000 07/25/2047 US 673,621.01 $664,694.86
3137ADTK3 FHMS K014 X1 FLT 1.14903 04/25/2021 US 7,002,402.11 $171,061.68
3137AJMG6 FMHS K016 X1 FLT 1.50068 10/25/2021 US 1,103,103.81 $40,595.65
3137AUPF0 FHMS K021 x1 FLT 1.44696 06/25/2022 US 9,071,678.57 $392,058.90
3137B3NB0 FHMS K030 X1 FLT 0.19863 04/25/2023 US 13,552,333.92 $104,699.91
3137B4GZ3 FHMS K032 X1 FLT 0.10471 05/25/2023 US 7,953,333.95 $37,518.26
3137F4YU0 FHR 4791 BA MTGE 4.00000 03/15/2044 US 859,690.03 $871,664.82
3137FG2L8 FHR 4801 BA MTGE 4.50000 05/15/2044 US 873,870.69 $899,164.53
3138A5JC7 FEDERAL NATL MTG ASSN AH3858 4.50000 08/01/2041 US 525,642.87 $544,575.07
3138AJXA5 FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 115,922.1 $116,803.11
3138EQST0 FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 164,277.25 $165,520.32
3138ETT89 FEDERAL NATL MTG ASSN AL8674 FLT 5.65400 01/01/2049 US 635,094.96 $676,250.13
3138WDAY7 FEDERAL NATL MTG ASSN FN AS3622 3.50000 10/01/2044 US 2,337,911.22 $2,285,596.04
3138WDRZ6 FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 332,444.11 $343,679.31
3138YNR25 FEDERAL NATL MTG ASSN AY8604 3.50000 04/01/2045 US 273,691.28 $267,570.96
31407EJW4 FEDERAL NATL MTG ASSN 828377 5.50000 06/01/2035 US 339,393.03 $363,726.88
3140E2GZ8 FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 US 908,826.96 $911,619.17
3140F2QS2 FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 150,441.02 $147,027.27
3140F4UB0 FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 133,359.45 $133,498.96
3140F8KD8 FEDERAL NATL MTG ASSN BD1191 3.50000 01/01/2047 US 532,104.5 $519,101.03
3140F9M51 FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 US 308,866.94 $309,173.47
3140FTWF4 FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 283,368.24 $292,276.29
3140HPMQ7 FEDERAL NATIONAL MTGE FN BK9366 4.50000 08/01/2048 US 428,916.53 $439,570.41
3140HPUY1 FEDERAL NATL MTG ASSN FN BK9598 4.50000 08/01/2048 US 428,817.34 $439,468.63
3140Q9D42 FEDERAL NATL MTG ASSN FN CA1922 5.00000 06/01/2048 US 994,584.56 $1,039,143.41
3140Q9JA2 FEDERAL NATL MTGE ASSN FN CA2056 4.50000 07/01/2048 US 586,457.92 $601,211.37
3140Q9PD9 FEDERAL NATL MTG ASSN FN CA2219 5.00000 08/01/2048 US 397,358.42 $415,140.63
3140Q9T78 FEDERAL NATL MTG ASSN FN CA2373 5.00000 09/01/2048 US 853,352.16 $891,496.65
31410FSE6 FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 US 9,800.17 $10,046.06
31410FV51 FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 US 11,897.87 $12,194.13
31410GCD3 FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 US 81,259.31 $82,646.88
31410GN33 FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 US 98,626.71 $100,317.40
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 850,000 $891,638.76
31410KGB4 FEDERAL NATL MTG ASSN 889494 5.50000 01/01/2037 US 315,949.73 $338,743.44
31410KLD4 FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 US 45,755.84 $48,873.66
31416BSW9 FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 US 4,277.99 $4,333.84
31416BVW5 FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 US 56,454.63 $57,465.30
31416CJV9 FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 US 135,400.82 $147,842.24
31418B2V7 FEDERAL NATL MTG ASSN MA2587 3.50000 04/01/2036 US 679,814.36 $673,038.14
31418B6G6 FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 US 377,419.38 $357,473.82
31418BBC9 FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 94,357.58 $97,098.08
31418CAF1 FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 US 1,075,352.13 $1,018,466.43
31418CZ56 FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 834,454.75 $850,392.85
31418MKV3 FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 US 47,536.47 $50,863.81
31418MQQ8 FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 9,324.17 $9,660.34
34531GAD3 FORDL 2017-A A3 1.88000 04/15/2020 US 1,000,000 $997,399.00
357081AE8 FREMF 2015-K720 B FLT 3.39033 07/25/2022 US 340,000 $330,457.90
36143WAN1 GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 US 400,000 $398,761.60
36143WAS0 GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 US 220,000 $218,368.08
36246MAT6 GTP AQUISITION PARTNERS 2.35000 06/15/2020 US 450,000 $439,973.28
36251LAE3 GMALT 2016-2 A4 1.76000 03/20/2020 US 1,000,000 $997,693.90
37045VAR1 GENERAL MOTORS CO FLT 3.22706 09/10/2021 US 1,770,000 $1,767,440.58
38379RRX3 GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 470,914.62 $431,412.28
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 1,760,000 $1,788,070.29
46187BAA1 IHSFR 2017-SFR2 A 3.13950 12/17/2036 US 153,857.01 $154,001.14
46187BAB9 IHSFR 2017-SFR2 B 3.43950 12/17/2036 US 115,000 $115,757.18
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 2,630,000 $2,672,592.38
46635GAE0 JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 US 176,279.46 $177,834.00
46639GAL0 JPMMT 2013-1 1A2 3.00000 03/25/2043 US 127,891.81 $121,181.07
46640BAC8 JPMMT 2013-2 A2 3.50000 05/25/2043 US 143,297.86 $138,286.45
46641YAA1 JPMMT 2014-2 1A1 3.00000 06/25/2029 US 174,911.87 $171,338.60
46647SAJ9 JPMMT 2017-3 1A5 3.50000 08/25/2047 US 837,610.75 $820,563.70
46649HAC6 JPMMT 2017-6 A3 3.50000 12/25/2048 US 321,458.82 $308,625.54
46649HAE2 JPMMT 2017-6 A5 3.50000 12/25/2048 US 538,840.34 $527,537.09
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 2,270,000 $2,600,056.71
500630CK2 KOREA DEVELOPMENT BANK 1.37500 09/12/2019 KR 1,000,000 $985,515.68
50218LAC0 LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 US 3,737.58 $3,729.02
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 840,000 $887,051.32
58768MAC5 MBALT 2016-B A3 1.35000 08/15/2019 US 288,899.51 $288,532.17
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 2,670,000 $2,698,168.50
64828AAA1 NRZT 2014-1A A 3.75000 01/25/2054 US 306,955.28 $305,512.90
64829DAG1 NRZT 2014-3A AFX3 3.75000 11/25/2054 US 138,519.92 $137,800.10
64829EAA2 NRZT 2015-2A A1 3.75000 08/25/2055 US 295,307.43 $293,480.92
64829LAA6 NRZT 2016-4A A1 3.75000 11/25/2056 US 244,253.25 $242,416.22
67087MAA4 OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 US 100,000 $101,631.31
68323ADY7 ONTARIO (PROVINCE OF) 1.25000 06/17/2019 CA 400,000 $396,200.00
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 2,790,000 $2,664,560.60
74333KAA6 PROG 2017-SFR2 A 2.89700 12/17/2034 US 400,000 $385,536.28
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 1,710,000 $1,779,255.00
78469EAB5 SOFI 2014-A A2 3.02000 10/25/2027 US 138,550.43 $138,440.74
78470RAC1 SOFI 2016-E A2B 2.49000 01/25/2036 US 1,000,000 $975,492.20
78490DAA2 SOFI 2018-C A1FX 3.08000 01/25/2048 US 606,510.78 $604,730.37
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 2,520,000 $2,675,290.74
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 1,780,000 $1,740,565.04
81745CAB9 SEMT 2013-7 A2 3.00000 06/25/2043 US 146,492.01 $137,158.86
81745EAA7 SEMT 2013-8 A1 3.00000 06/25/2043 US 200,991.19 $188,326.53
81745FAA4 SEMT 2012-3 A1 3.50000 07/25/2042 US 364,869.64 $354,408.10
831641FC4 SBIC 2015-10A 1 2.51700 03/10/2025 US 484,012.76 $466,568.84
831641FE0 SBIC 2015-10B 1 2.82900 09/10/2025 US 1,318,915.21 $1,282,363.85
83401BAA4 SOFI 2017-F A1FX 2.05000 01/25/2041 US 116,712.45 $115,501.37
83401BAB2 SOFI 2017-F A2FX 2.84000 01/25/2041 US 150,000 $145,434.21
83404FAB0 SOFI 2017-A A2A 1.55000 03/26/2040 US 82,807.51 $82,149.89
83405DAB4 SOFI 2017-C A2A 1.75000 07/25/2040 US 215,980.69 $214,011.81
83405LAA8 SCLP 2017-5 A1 2.14000 09/25/2026 US 169,882.17 $169,085.86
84265VAD7 SOUTHERN COPPER CORP 5.37500 04/16/2020 US 1,740,000 $1,787,254.71
85571XAA5 SRPT 2014-STAR A FLTG RATE 3.49950 11/15/2027 US 373,707.88 $373,758.59
87677QAA9 TXEZ 2016-1A 3.13100 06/15/2028 US 116,803.03 $116,399.49
89173CAA5 TPMT 2016-5 A1 2.50000 10/25/2056 US 569,226.56 $552,630.99
89613BAA5 TAH 2013-SFR1 A 2.58900 11/17/2033 US 497,859.67 $479,406.50
89613FAA6 TAH 2017-SFR2 A 2.92800 01/17/2036 US 499,467.19 $476,660.37
90270YBF5 UBS-BARCLAYS COMMERCIAL MORTGAGE 3.18470 03/10/2046 US 800,000 $789,042.24
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 2,625,000 $3,398,452.16
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 4,260,000 $5,128,973.46
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 1,936,051.8 $1,719,682.89
912810RK6 US TREASURY N/B 2.50000 02/15/2045 US 4,000,000 $3,371,406.24
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 5,292,000 $4,901,508.29
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 5,200,000 $5,032,218.78
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 3,435,000 $3,420,374.42
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 8,735,106.34 $8,586,222.83
912828R28 US TREASURY N/B 1.62500 04/30/2023 US 5,419,000 $5,110,582.71
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 5,525,000 $4,980,269.53
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 1,922,588.8 $1,850,984.09
912828WZ9 UNITED STATES TREAS NTS 1.75000 04/30/2022 US 5,550,000 $5,327,783.22
912828X70 US TREASURY N/B 2.00000 04/30/2024 US 5,623,000 $5,333,942.66
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 5,345,000 $5,044,970.13
912828XB1 UNITED STATES TREAS NTS 2.12500 05/15/2025 US 5,598,000 $5,284,861.88
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 2,540,000 $2,646,611.98
92903PAC3 VNO 2010 - VNO A2FX 4.00350 09/13/2028 US 245,000 $248,484.24
92935JBC8 WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 US 782,879.08 $802,629.08
94987MAB7 WELLS FARGO COMMERCIAL MORTGAGE 4.39300 11/15/2043 US 275,000 $279,213.66
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 1,495,000 $1,392,052.01
97651JAE6 WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 US 130,588.46 $130,247.32
97652TAA1 WIN 2015-1 A1 3.50000 01/20/2045 US 150,785.67 $146,810.58

Investments will change over time.

Distributions

  • Core Bond Series Class I Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

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.


Loading...