Core Plus Income Strategy : Overview

The Core Plus Income Strategy is a bond strategy with primary investment objectives of current income and capital preservation.  A secondary investment objective is long-term capital appreciation.  Under normal circumstances, the Strategy invests at least 80% of its net assets in debt securities, which may include U.S. Government and agency securities, corporate bonds, mortgage-backed securities, asset-backed securities and securities issued by foreign governments.  The Strategy may invest up to 25% of its total assets in debt securities which are non-investment grade or unrated.  The Strategy may invest in derivative instruments.  The Strategy may also invest in common stocks, preferred stocks and securities convertible into stocks.

The dollar-weighted average maturity of the portfolio is expected to be less than 10 years and the minimum duration is expected to be at least 3 1/2 years.  

Strategy Statistics

As of June 30, 2018
Total net assets (in millions) $51.2
Investment types: This strategy invests in debt securities with durations expected to be at least 3 years.
Status: Open to new investors
Minimum new account size: $10 Million
This strategy is also available as a mutual fund.