Mutual Funds

Core Bond Series

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

$9.00

Daily $ Change

$0.02

Daily % Change

0.22%

as of 04/23/2024

Ticker

EXCRX

CUSIP

563821404

Inception Date

04/21/2005

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Applications & Forms
Fact Sheet
N-Port Part F Reports

Performance

As of 03/31/2024

YTD

-0.49%

1 Year

1.82%

3 Year

-2.53%

5 Year

0.41%

10 Year

1.18%

Inception
(04/21/2005)

3.19%

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 0.67%

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 03/31/2024

GOVERNMENT AGENCY 23.96%
TREASURY NOTES 19.23%
TREASURY BONDS 16.89%
TENCENT HOLDINGS 3.97500 04/11/2029 2.15%
TSY INFL IX N/B 0.12500 01/15/2031 1.54%
TSY INFL IX N/B 2.37500 01/15/2027 1.50%
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 1.40%
JPMORGAN CHASE & CO 4.49300 03/24/2031 1.23%
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 1.15%
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 1.06%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 03/31/2024

Treasury
38.67%
Cash
1.25%
Corporate
18.56%
Mortgage
40.36%
Other
1.16%

Credit Quality Distribution

As of 03/31/2024

AAA
67.94%
AA
1.51%
A
11.98%
BBB
7.51%
NR
11.06%

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.

Security Description Country Ticker Shares/Par Market Value (USD)
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,970,000 $1,784,552.00
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 1,310,000 $1,089,046.13
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 3,440,000 $2,988,468.49
AMAZON.COM INC 3.30000 04/13/2027 US 1,000,000 $962,044.44
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,800,000 $1,692,666.14
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,273,800.03 $1,134,281.48
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,790,000 $2,360,255.99
BJETS 2021-1A A 2.16200 04/15/2036 US 1,229,733.98 $1,150,531.49
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,570,000 $1,559,087.84
CAFL 2020-3 A 1.35800 08/15/2053 US 518,942.4 $484,935.85
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 3,180,000 $3,206,723.93
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 364,160.86 $326,879.80
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,300,000 $2,539,570.21
CIM 2019-INV1 A1 4.00000 02/25/2049 US 14,238.77 $13,541.69
CITIGROUP INC 1.46200 06/09/2027 US 2,670,000 $2,453,109.63
CLARK CNTY NV 1.15000 11/01/2026 US 3,410,000 $3,095,203.29
CMLTI 2021-INV1 2.50000 05/25/2051 US 819,612.91 $661,471.90
COLO 2021-1A A2 MTGE 2.06000 02/27/2051 US 2,400,000 $2,191,586.59
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,180,000 $1,122,923.15
CSMC 2013-6 2A1 3.48290 08/25/2043 US 171,966.09 $155,856.51
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 169,251.94 $148,415.63
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 51,543.92 $44,486.71
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 30,750.07 $25,605.90
DREYFUS GVT CSH MANAGEMENT US 3,967,157.01 $3,967,157.01
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,550,000 $1,624,700.82
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,280,000 $2,422,977.34
FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 US 49,935.93 $52,173.85
FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 33,923.93 $32,381.06
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 69.39 $69.00
FEDERAL NATL MTG ASSN AH3858 4.50000 08/01/2041 US 133,659.66 $131,002.50
FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 42,966.41 $41,012.28
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 217,282.55 $224,011.68
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 113,216.68 $110,637.04
FEDERAL NATL MTG ASSN AY8604 3.50000 04/01/2045 US 60,122.35 $55,071.38
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 27,129.53 $24,786.85
FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 19,260.54 $18,201.20
FEDERAL NATL MTG ASSN BD1191 3.50000 01/01/2047 US 169,936.44 $155,262.16
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 28,555.39 $27,772.28
FEDERAL NATL MTG ASSN CA5518 3.00000 04/01/2050 US 4,353,643.35 $3,810,172.52
FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 288,427.81 $275,685.88
FEDERAL NATL MTG ASSN FN AX1685 3.50000 11/01/2044 US 418,940.14 $386,510.93
FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 91,072.84 $85,850.44
FEDERAL NATL MTG ASSN FN FM2568 3.00000 05/01/2038 US 368,166.36 $341,585.96
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,493,100.77 $2,272,446.84
FEDERAL NATL MTG ASSN FN MA3007 3.00000 04/01/2047 US 635,549.52 $560,700.90
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 80,483.73 $78,524.88
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,649,813.2 $2,508,308.03
FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 326,072.22 $306,166.47
FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 US 4,271,733.03 $3,871,946.96
FEDERAL NATL MTG ASSN FS4511 4.00000 08/01/2051 US 3,994,003.23 $3,753,824.56
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 24,578.53 $24,225.69
FEDERAL NATL MTG ASSN MA2587 3.50000 04/01/2036 US 165,608.63 $156,825.69
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,855,977.18 $2,561,423.29
FEDERAL NATL MTG ASSN MA4633 3.50000 06/01/2042 US 1,879,051.35 $1,732,704.01
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,767,223.27 $2,564,642.93
FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 US 1,537,983.21 $1,561,733.53
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,648,354.43 $2,312,240.51
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,476,790.37 $1,442,721.79
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,455,055.43 $2,149,776.06
FEDERAL NATL NTG ASSN MA3215 3.50000 12/01/2037 US 538,098.18 $508,405.79
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 63,803.07 $62,002.21
FHLM POOL A92889 4.50000 07/01/2040 US 95,142.35 $93,473.05
FHLM POOL C91746 4.50000 12/01/2033 US 29,904.33 $29,511.19
FHLM POOL C91771 4.50000 06/01/2034 US 39,780.09 $39,260.82
FHLM POOL C91780 4.50000 07/01/2034 US 46,477.76 $45,867.35
FHLM POOL C91832 3.50000 06/01/2035 US 181,063.08 $172,213.36
FHLM POOL D98711 4.50000 07/01/2031 US 38,729.69 $38,269.06
FHLM POOL FG Q47544 4.00000 03/01/2047 US 204,124.58 $192,847.29
FHLM POOL G05900 6.00000 03/01/2040 US 17,005.77 $17,790.65
FHLM POOL G08268 5.00000 05/01/2038 US 244,093.14 $245,294.16
FHLM POOL G60071 4.50000 07/01/2042 US 96,912.9 $95,212.66
FHLM POOL G60513 5.00000 07/01/2041 US 236,896.17 $238,228.57
FHLM POOL G60855 4.50000 12/01/2045 US 88,269.63 $86,368.41
FHLM POOL Q17513 3.50000 04/01/2043 US 60,887.96 $56,326.35
FHLM POOL Q37857 4.00000 12/01/2045 US 210,718.33 $199,796.73
FHLM POOL Q38388 4.00000 01/01/2046 US 205,186.59 $194,494.41
FHLM POOL Q47130 4.50000 04/01/2047 US 24,761.75 $24,062.81
FHLM POOL Q93451 4.50000 08/01/2040 US 278,451.09 $273,565.58
FHLM POOL SD8230 4.50000 06/01/2052 US 1,525,715.7 $1,456,882.87
FHR 5189 CP 2.50000 06/25/2049 US 1,308,809.11 $1,116,507.91
FLX 2021-1A A2 3.25000 11/27/2051 US 2,825,000 $2,560,306.23
FN DS2696 3.00000 12/01/2051 US 2,443,430.03 $2,130,198.16
FN FS4339 MTGE 3.00000 12/01/2050 US 2,737,814.85 $2,397,441.60
FN FS4616 MTGE 5.00000 05/01/2043 US 4,451,882.98 $4,425,395.30
FN FS4925 MTGE 3.50000 04/01/2052 US 3,184,363.05 $2,886,342.56
FN MA4020 MTGE 3.00000 05/01/2050 US 4,260,475.89 $3,714,310.53
FN MA4733 4.50000 09/01/2052 US 2,413,735.61 $2,302,816.78
FN MA4807 MTGE 5.50000 11/01/2052 US 4,495,878.04 $4,481,798.79
FNR 2018-13 PA MTGE 3.00000 03/25/2048 US 1,588,559.67 $1,388,113.73
FNR 2018-31 KP 3.50000 07/25/2047 US 11,266.84 $10,962.38
FNR 2021-69 WJ 1.50000 10/25/2050 US 1,147,098.68 $952,143.64
FR QG6308 MTG 6.00000 07/01/2053 US 2,235,746.76 $2,265,028.60
FR RJ0062 MTGE 5.00000 10/01/2053 US 3,175,431.44 $3,109,757.58
FR SD1129 4.00000 08/01/2051 US 2,224,135.58 $2,090,387.59
FR SD1360 MTGE 5.50000 07/01/2052 US 3,751,373.68 $3,742,765.40
FREDDIE MAC POOL RB5188 4.00000 10/01/2042 US 3,333,458.67 $3,155,445.51
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 51,364.69 $46,512.31
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,314,425.61 $1,081,296.85
GSMBS 2020-PJ3 A14 3.00000 10/25/2050 US 486,829.86 $414,117.49
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,556,020.13 $1,438,122.82
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 1,172,223.58 $1,032,095.63
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,148,347.86 $989,683.76
HAWAII ST 2.68200 10/01/2038 US 95,000 $73,640.09
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 1,600,000 $1,566,738.72
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,332,892.39 $1,106,424.06
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 30,093.34 $28,842.21
JPMMT 2017-6 A3 3.50000 12/25/2048 US 15,656.07 $14,187.73
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 4,000,000 $3,868,688.72
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 795,000 $791,001.36
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 795,000 $789,264.08
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 795,000 $786,709.27
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,804,124.3 $1,707,058.91
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,560,000 $1,649,350.03
NRZT 2014-1A A 3.75000 01/25/2054 US 93,270.52 $86,968.50
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 42,147.27 $39,321.44
NRZT 2015-2A A1 3.75000 08/25/2055 US 80,499.52 $74,787.20
NRZT 2016-4A A1 3.75000 11/25/2056 US 74,598.47 $69,259.46
OASIS 2022-2A A 6.85000 10/15/2034 US 499,803.71 $498,279.66
OASIS 2023-1A 7.00000 02/15/2035 US 607,508.75 $606,365.42
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,285,467 $1,078,447.33
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 1,564,205.39 $1,564,802.31
OXFIN 2020-1A A2 3.10100 02/15/2028 US 345,263.35 $335,383.88
OXFIN 2022-1A 3.60200 02/15/2030 US 2,648,875.35 $2,530,658.16
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,600,000 $2,620,265.44
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 3,170,000 $3,324,757.72
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 US 4,392,948.72 $4,392,291.32
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,552,328.14 $1,499,535.32
PEAR 2023-1A 7.42000 07/15/2035 US 1,174,886.7 $1,187,454.93
PEAR 2024-1 A 6.95000 02/15/2036 US 1,203,856.59 $1,205,692.59
PEPSICO INC 3.90000 07/18/2032 US 3,110,000 $2,947,188.27
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 2,443,765.51 $1,980,820.55
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,522,887.11 $1,275,652.97
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 603,710.79 $547,681.97
QUALCOMM 5.40000 05/20/2033 US 2,920,000 $3,065,566.73
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,555,930.24 $1,247,944.38
SBA TOWER TRUST 6.59900 01/15/2028 US 2,325,000 $2,382,948.30
SCML 2019-SBC8 2.86000 04/25/2041 US 427,293.77 $396,774.31
SEMT 2013-4 A1 2.32500 04/25/2043 US 1,382,901.07 $1,178,746.52
SEMT 2013-6 A2 3.00000 05/25/2043 US 389,777.47 $344,139.40
SEMT 2013-7 A2 3.00000 06/25/2043 US 29,801.2 $26,044.96
SEMT 2013-8 A1 3.00000 06/25/2043 US 76,896.96 $68,202.97
SIMON PROPERTY 2.25000 01/15/2032 US 1,415,000 $1,158,218.04
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,285,000 $3,614,089.71
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,560,000 $1,557,597.60
SOFI 2020-C AFX 1.95000 02/15/2046 US 314,239.77 $288,811.01
SORT 2020-1 B1 2.28000 07/15/2060 US 1,484,095.8 $1,365,281.17
SORT 2021-1A B1 MTGE 1.98000 03/15/2061 US 1,658,707.7 $1,459,826.66
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 600,000 $531,164.02
TENCENT HOLDINGS 3.97500 04/11/2029 KY 7,120,000 $6,767,770.68
TPMT 2016-5 A1 2.50000 10/25/2056 US 3,929.52 $3,913.00
TPMT 2017-1 A1 2.75000 10/25/2056 US 1,494.27 $1,487.95
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 76,470.21 $77,590.26
TREASURY BOND 2.37500 02/15/2042 US 26,666,000 $19,866,170.00
TREASURY NOTE 2.25000 11/15/2027 US 13,424,000 $12,492,710.00
TSY INFL IX N/B 0.12500 01/15/2031 US 5,426,292.4 $4,835,639.22
TSY INFL IX N/B 2.37500 01/15/2027 US 4,672,194.8 $4,711,563.09
US TEASURY NOTE 1.75000 11/15/2029 US 5,415,000 $4,770,699.64
US TREASURY N/B 1.37500 11/15/2031 US 7,786,000 $6,366,271.56
US TREASURY N/B 2.25000 11/15/2025 US 15,122,000 $14,528,934.06
US TREASURY N/B 3.00000 05/15/2047 US 26,353,000 $20,732,399.22
US TREASURY N/B 3.12500 11/15/2028 US 10,090,000 $9,616,243.02
US TREASURY N/B 3.62500 02/15/2053 US 14,222,000 $12,513,137.81
US TREASURY N/B 4.12500 11/15/2032 US 12,789,000 $12,715,063.59
VBTOW 2020-2A A 2.63600 09/15/2050 US 2,250,000 $2,130,796.80
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 2,560,000 $2,396,302.18
WIN 2015-1 A1 3.50000 01/20/2045 US 13,776.32 $12,462.70
WIN 2015-2 A11 3.50000 02/20/2045 US 406,685.19 $368,268.42

Investments will change over time.

Distributions

  • Core Bond Series Class S Distribution History
  • 2024 Distribution Calendar
  • 2024 Distributions
  • Tax Letter
  • Core Bond Series - 2023 - 8937 Form

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. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

Daily Price

$9.00

Daily $ Change

$0.02

Daily % Change

0.22%

as of 04/23/2024

Ticker

EXCRX

CUSIP

563821404

Inception Date

04/21/2005

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Applications & Forms
Fact Sheet
N-Port Part F Reports

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 03/31/2024

YTD

-0.49%

1 Year

1.82%

3 Year

-2.53%

5 Year

0.41%

10 Year

1.18%

Inception
(04/21/2005)

3.19%

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 0.67%

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 03/31/2024

GOVERNMENT AGENCY 23.96%
TREASURY NOTES 19.23%
TREASURY BONDS 16.89%
TENCENT HOLDINGS 3.97500 04/11/2029 2.15%
TSY INFL IX N/B 0.12500 01/15/2031 1.54%
TSY INFL IX N/B 2.37500 01/15/2027 1.50%
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 1.40%
JPMORGAN CHASE & CO 4.49300 03/24/2031 1.23%
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 1.15%
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 1.06%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 03/31/2024

Treasury
38.67%
Cash
1.25%
Corporate
18.56%
Mortgage
40.36%
Other
1.16%

Credit Quality Distribution

As of 03/31/2024

AAA
67.94%
AA
1.51%
A
11.98%
BBB
7.51%
NR
11.06%

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.

Security Description Country Ticker Shares/Par Market Value (USD)
AERCAP IRELAND CAP/GLOBA 3.00000 10/29/2028 IE 1,970,000 $1,784,552.00
ALIBAB GROUP HOLDINGS 2.12500 02/09/2031 KY 1,310,000 $1,089,046.13
ALIBABA GROUP HOLDING 4.00000 12/06/2037 KY 3,440,000 $2,988,468.49
AMAZON.COM INC 3.30000 04/13/2027 US 1,000,000 $962,044.44
ASHTEAD CAPITAL INC 4.00000 05/01/2028 US 1,800,000 $1,692,666.14
BABS 2021-RM2 A 1.75000 10/25/2061 US 1,273,800.03 $1,134,281.48
BANK OF AMERICA CORP 2.68700 04/22/2032 US 2,790,000 $2,360,255.99
BJETS 2021-1A A 2.16200 04/15/2036 US 1,229,733.98 $1,150,531.49
BNSF FUNDING TRUST I 6.61300 12/15/2055 US 1,570,000 $1,559,087.84
CAFL 2020-3 A 1.35800 08/15/2053 US 518,942.4 $484,935.85
CAPITAL ONE FINANCIAL CO 5.70000 02/01/2030 US 3,180,000 $3,206,723.93
CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 US 364,160.86 $326,879.80
CENOVUS ENERGY INC 6.75000 11/15/2039 CA 2,300,000 $2,539,570.21
CIM 2019-INV1 A1 4.00000 02/25/2049 US 14,238.77 $13,541.69
CITIGROUP INC 1.46200 06/09/2027 US 2,670,000 $2,453,109.63
CLARK CNTY NV 1.15000 11/01/2026 US 3,410,000 $3,095,203.29
CMLTI 2021-INV1 2.50000 05/25/2051 US 819,612.91 $661,471.90
COLO 2021-1A A2 MTGE 2.06000 02/27/2051 US 2,400,000 $2,191,586.59
COLO 2023 - 1A A2 MTGE 5.11600 02/25/2053 US 1,180,000 $1,122,923.15
CSMC 2013-6 2A1 3.48290 08/25/2043 US 171,966.09 $155,856.51
CSMC 2013-IVR2 A2 3.00000 04/25/2043 US 169,251.94 $148,415.63
CSMC 2013-IVR3 A1 2.50000 05/25/2043 US 51,543.92 $44,486.71
CSMC 2013-TH1 A1 2.13000 02/25/2043 US 30,750.07 $25,605.90
DREYFUS GVT CSH MANAGEMENT US 3,967,157.01 $3,967,157.01
ENERGY TRANSFER LP 7.37500 02/01/2031 US 1,550,000 $1,624,700.82
ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 US 2,280,000 $2,422,977.34
FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 US 49,935.93 $52,173.85
FEDERAL NATL MTG ASSN A15172 4.00000 08/01/2041 US 33,923.93 $32,381.06
FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 US 69.39 $69.00
FEDERAL NATL MTG ASSN AH3858 4.50000 08/01/2041 US 133,659.66 $131,002.50
FEDERAL NATL MTG ASSN AL7729 4.00000 06/01/2043 US 42,966.41 $41,012.28
FEDERAL NATL MTG ASSN AL8674 FLT 5.64300 01/01/2049 US 217,282.55 $224,011.68
FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 US 113,216.68 $110,637.04
FEDERAL NATL MTG ASSN AY8604 3.50000 04/01/2045 US 60,122.35 $55,071.38
FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 US 27,129.53 $24,786.85
FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 US 19,260.54 $18,201.20
FEDERAL NATL MTG ASSN BD1191 3.50000 01/01/2047 US 169,936.44 $155,262.16
FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 US 28,555.39 $27,772.28
FEDERAL NATL MTG ASSN CA5518 3.00000 04/01/2050 US 4,353,643.35 $3,810,172.52
FEDERAL NATL MTG ASSN FM1158 3.50000 06/01/2034 US 288,427.81 $275,685.88
FEDERAL NATL MTG ASSN FN AX1685 3.50000 11/01/2044 US 418,940.14 $386,510.93
FEDERAL NATL MTG ASSN FN FM2232 4.00000 06/01/2048 US 91,072.84 $85,850.44
FEDERAL NATL MTG ASSN FN FM2568 3.00000 05/01/2038 US 368,166.36 $341,585.96
FEDERAL NATL MTG ASSN FN FS1179 3.50000 12/01/2049 US 2,493,100.77 $2,272,446.84
FEDERAL NATL MTG ASSN FN MA3007 3.00000 04/01/2047 US 635,549.52 $560,700.90
FEDERAL NATL MTG ASSN FN MA3463 4.00000 09/01/2033 US 80,483.73 $78,524.88
FEDERAL NATL MTG ASSN FN MA4687 4.00000 06/01/2042 US 2,649,813.2 $2,508,308.03
FEDERAL NATL MTG ASSN FR QN0349 3.00000 08/01/2034 US 326,072.22 $306,166.47
FEDERAL NATL MTG ASSN FS2998 3.50000 04/01/2052 US 4,271,733.03 $3,871,946.96
FEDERAL NATL MTG ASSN FS4511 4.00000 08/01/2051 US 3,994,003.23 $3,753,824.56
FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 US 24,578.53 $24,225.69
FEDERAL NATL MTG ASSN MA2587 3.50000 04/01/2036 US 165,608.63 $156,825.69
FEDERAL NATL MTG ASSN MA4600 3.50000 05/01/2052 US 2,855,977.18 $2,561,423.29
FEDERAL NATL MTG ASSN MA4633 3.50000 06/01/2042 US 1,879,051.35 $1,732,704.01
FEDERAL NATL MTG ASSN MA4644 4.00000 05/01/2052 US 2,767,223.27 $2,564,642.93
FEDERAL NATL MTG ASSN SD4235 6.00000 11/01/2053 US 1,537,983.21 $1,561,733.53
FEDERAL NATL MTG ASSN SD8044 3.00000 02/01/2050 US 2,648,354.43 $2,312,240.51
FEDERAL NATL MTG ASSN SD8276 5.00000 12/01/2052 US 1,476,790.37 $1,442,721.79
FEDERAL NATL MTG FN MA4203 2.50000 12/01/2040 US 2,455,055.43 $2,149,776.06
FEDERAL NATL NTG ASSN MA3215 3.50000 12/01/2037 US 538,098.18 $508,405.79
FHLM GOLD POOL FG G08786 4.50000 10/01/2047 US 63,803.07 $62,002.21
FHLM POOL A92889 4.50000 07/01/2040 US 95,142.35 $93,473.05
FHLM POOL C91746 4.50000 12/01/2033 US 29,904.33 $29,511.19
FHLM POOL C91771 4.50000 06/01/2034 US 39,780.09 $39,260.82
FHLM POOL C91780 4.50000 07/01/2034 US 46,477.76 $45,867.35
FHLM POOL C91832 3.50000 06/01/2035 US 181,063.08 $172,213.36
FHLM POOL D98711 4.50000 07/01/2031 US 38,729.69 $38,269.06
FHLM POOL FG Q47544 4.00000 03/01/2047 US 204,124.58 $192,847.29
FHLM POOL G05900 6.00000 03/01/2040 US 17,005.77 $17,790.65
FHLM POOL G08268 5.00000 05/01/2038 US 244,093.14 $245,294.16
FHLM POOL G60071 4.50000 07/01/2042 US 96,912.9 $95,212.66
FHLM POOL G60513 5.00000 07/01/2041 US 236,896.17 $238,228.57
FHLM POOL G60855 4.50000 12/01/2045 US 88,269.63 $86,368.41
FHLM POOL Q17513 3.50000 04/01/2043 US 60,887.96 $56,326.35
FHLM POOL Q37857 4.00000 12/01/2045 US 210,718.33 $199,796.73
FHLM POOL Q38388 4.00000 01/01/2046 US 205,186.59 $194,494.41
FHLM POOL Q47130 4.50000 04/01/2047 US 24,761.75 $24,062.81
FHLM POOL Q93451 4.50000 08/01/2040 US 278,451.09 $273,565.58
FHLM POOL SD8230 4.50000 06/01/2052 US 1,525,715.7 $1,456,882.87
FHR 5189 CP 2.50000 06/25/2049 US 1,308,809.11 $1,116,507.91
FLX 2021-1A A2 3.25000 11/27/2051 US 2,825,000 $2,560,306.23
FN DS2696 3.00000 12/01/2051 US 2,443,430.03 $2,130,198.16
FN FS4339 MTGE 3.00000 12/01/2050 US 2,737,814.85 $2,397,441.60
FN FS4616 MTGE 5.00000 05/01/2043 US 4,451,882.98 $4,425,395.30
FN FS4925 MTGE 3.50000 04/01/2052 US 3,184,363.05 $2,886,342.56
FN MA4020 MTGE 3.00000 05/01/2050 US 4,260,475.89 $3,714,310.53
FN MA4733 4.50000 09/01/2052 US 2,413,735.61 $2,302,816.78
FN MA4807 MTGE 5.50000 11/01/2052 US 4,495,878.04 $4,481,798.79
FNR 2018-13 PA MTGE 3.00000 03/25/2048 US 1,588,559.67 $1,388,113.73
FNR 2018-31 KP 3.50000 07/25/2047 US 11,266.84 $10,962.38
FNR 2021-69 WJ 1.50000 10/25/2050 US 1,147,098.68 $952,143.64
FR QG6308 MTG 6.00000 07/01/2053 US 2,235,746.76 $2,265,028.60
FR RJ0062 MTGE 5.00000 10/01/2053 US 3,175,431.44 $3,109,757.58
FR SD1129 4.00000 08/01/2051 US 2,224,135.58 $2,090,387.59
FR SD1360 MTGE 5.50000 07/01/2052 US 3,751,373.68 $3,742,765.40
FREDDIE MAC POOL RB5188 4.00000 10/01/2042 US 3,333,458.67 $3,155,445.51
GNR 2017-54 AH MTGE 2.60000 12/16/2056 US 51,364.69 $46,512.31
GOODG 2020-1A MTGE 2.63000 04/15/2055 US 1,314,425.61 $1,081,296.85
GSMBS 2020-PJ3 A14 3.00000 10/25/2050 US 486,829.86 $414,117.49
GSMBS 2021-INV1 A9 5.00000 12/25/2051 US 1,556,020.13 $1,438,122.82
GSMBS 2021-PJ6 A8 2.50000 11/25/2051 US 1,172,223.58 $1,032,095.63
GSMBS 2021-PJ9 A8 2.50000 02/26/2052 US 1,148,347.86 $989,683.76
HAWAII ST 2.68200 10/01/2038 US 95,000 $73,640.09
HOTWIRE FUNDING LLC 5.68700 05/20/2053 US 1,600,000 $1,566,738.72
IMPRL 2021-NQM3 1.59500 11/25/2056 US 1,332,892.39 $1,106,424.06
JPMMT 2014-2 1A1 3.00000 06/25/2029 US 30,093.34 $28,842.21
JPMMT 2017-6 A3 3.50000 12/25/2048 US 15,656.07 $14,187.73
JPMORGAN CHASE & CO 4.49300 03/24/2031 US 4,000,000 $3,868,688.72
MASSMUTUAL GLOBAL FUNDING 4.85000 01/17/2029 US 795,000 $791,001.36
MET LIFE GLOB FUNDING I 4.85000 01/08/2029 US 795,000 $789,264.08
NEW YORK LIFE GLOBAL FDG 4.70000 01/29/2029 US 795,000 $786,709.27
NEWCASTLE COAL INFRASTRU 4.40000 09/29/2027 AU 1,804,124.3 $1,707,058.91
NRG 7.467 07/31/28 CORP 7.46700 07/31/2028 US 1,560,000 $1,649,350.03
NRZT 2014-1A A 3.75000 01/25/2054 US 93,270.52 $86,968.50
NRZT 2014-3A AFX3 3.75000 11/25/2054 US 42,147.27 $39,321.44
NRZT 2015-2A A1 3.75000 08/25/2055 US 80,499.52 $74,787.20
NRZT 2016-4A A1 3.75000 11/25/2056 US 74,598.47 $69,259.46
OASIS 2022-2A A 6.85000 10/15/2034 US 499,803.71 $498,279.66
OASIS 2023-1A 7.00000 02/15/2035 US 607,508.75 $606,365.42
OBX 2022-INV1 A1 3.00000 12/25/2051 US 1,285,467 $1,078,447.33
OBX 2024-NQM1 A1 5.92800 11/25/2063 US 1,564,205.39 $1,564,802.31
OXFIN 2020-1A A2 3.10100 02/15/2028 US 345,263.35 $335,383.88
OXFIN 2022-1A 3.60200 02/15/2030 US 2,648,875.35 $2,530,658.16
OXFIN 2023-1A A2 6.71600 02/15/2031 US 2,600,000 $2,620,265.44
PALOMINO FUNDING TRUST I 7.23300 05/17/2028 US 3,170,000 $3,324,757.72
PCG 2023 1 NOTE MTG 11.32941 07/25/2029 US 4,392,948.72 $4,392,291.32
PEAR 2021-1 A MTGE 2.60000 01/15/2034 US 1,552,328.14 $1,499,535.32
PEAR 2023-1A 7.42000 07/15/2035 US 1,174,886.7 $1,187,454.93
PEAR 2024-1 A 6.95000 02/15/2036 US 1,203,856.59 $1,205,692.59
PEPSICO INC 3.90000 07/18/2032 US 3,110,000 $2,947,188.27
PFMT 2021 -INV1 A1 2.50000 08/25/2051 US 2,443,765.51 $1,980,820.55
PFMT 2021-2 A2A 2.00000 04/25/2051 US 1,522,887.11 $1,275,652.97
PMTLT 2013-J1 a9 3.50000 09/25/2043 US 603,710.79 $547,681.97
QUALCOMM 5.40000 05/20/2033 US 2,920,000 $3,065,566.73
RCKT 2021-6 A1 2.50000 12/25/2051 US 1,555,930.24 $1,247,944.38
SBA TOWER TRUST 6.59900 01/15/2028 US 2,325,000 $2,382,948.30
SCML 2019-SBC8 2.86000 04/25/2041 US 427,293.77 $396,774.31
SEMT 2013-4 A1 2.32500 04/25/2043 US 1,382,901.07 $1,178,746.52
SEMT 2013-6 A2 3.00000 05/25/2043 US 389,777.47 $344,139.40
SEMT 2013-7 A2 3.00000 06/25/2043 US 29,801.2 $26,044.96
SEMT 2013-8 A1 3.00000 06/25/2043 US 76,896.96 $68,202.97
SIMON PROPERTY 2.25000 01/15/2032 US 1,415,000 $1,158,218.04
SIMON PROPERTY GROUP LP 2.65000 02/01/2032 US 4,285,000 $3,614,089.71
SIRIUSPOINT LTD 7.00000 04/05/2029 BM 1,560,000 $1,557,597.60
SOFI 2020-C AFX 1.95000 02/15/2046 US 314,239.77 $288,811.01
SORT 2020-1 B1 2.28000 07/15/2060 US 1,484,095.8 $1,365,281.17
SORT 2021-1A B1 MTGE 1.98000 03/15/2061 US 1,658,707.7 $1,459,826.66
SOUTH CAROLINA ST PUBLIC SVC 2.32900 12/01/2028 US 600,000 $531,164.02
TENCENT HOLDINGS 3.97500 04/11/2029 KY 7,120,000 $6,767,770.68
TPMT 2016-5 A1 2.50000 10/25/2056 US 3,929.52 $3,913.00
TPMT 2017-1 A1 2.75000 10/25/2056 US 1,494.27 $1,487.95
TPMT 2019-HY1 A1 6.44389 10/25/2048 US 76,470.21 $77,590.26
TREASURY BOND 2.37500 02/15/2042 US 26,666,000 $19,866,170.00
TREASURY NOTE 2.25000 11/15/2027 US 13,424,000 $12,492,710.00
TSY INFL IX N/B 0.12500 01/15/2031 US 5,426,292.4 $4,835,639.22
TSY INFL IX N/B 2.37500 01/15/2027 US 4,672,194.8 $4,711,563.09
US TEASURY NOTE 1.75000 11/15/2029 US 5,415,000 $4,770,699.64
US TREASURY N/B 1.37500 11/15/2031 US 7,786,000 $6,366,271.56
US TREASURY N/B 2.25000 11/15/2025 US 15,122,000 $14,528,934.06
US TREASURY N/B 3.00000 05/15/2047 US 26,353,000 $20,732,399.22
US TREASURY N/B 3.12500 11/15/2028 US 10,090,000 $9,616,243.02
US TREASURY N/B 3.62500 02/15/2053 US 14,222,000 $12,513,137.81
US TREASURY N/B 4.12500 11/15/2032 US 12,789,000 $12,715,063.59
VBTOW 2020-2A A 2.63600 09/15/2050 US 2,250,000 $2,130,796.80
WARNERMEDIA HOLDINGS INC 4.05400 03/15/2029 US 2,560,000 $2,396,302.18
WIN 2015-1 A1 3.50000 01/20/2045 US 13,776.32 $12,462.70
WIN 2015-2 A11 3.50000 02/20/2045 US 406,685.19 $368,268.42

Investments will change over time.

Distributions

  • Core Bond Series Class S Distribution History
  • 2024 Distribution Calendar
  • 2024 Distributions
  • Tax Letter
  • Core Bond Series - 2023 - 8937 Form

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. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

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