Inception Date: January 1, 2023
The Short Duration Income Fund is a diversified portfolio of high quality short-maturity government and corporate bonds, mortgages, and other fixed income instruments seeking reasonable current yields consistent with expected low volatility. The fund has a short weighted average duration (usually within 0.25 years of the Bloomberg 1-3 Year Government/Credit Index) and, other than mortgage “passthroughs,” will not own securities with maturities longer than five years. This defensive strategy is designed for investment of reserves and other low-risk funds that may need to be expended within one to three years, or to be used in combination with the Fixed Income Fund to shorten the average duration and reduce the volatility of a permanent fund.
Net Assets: 6.61 Million
As of March 31, 2023
100% of the Fund is managed by Barrow Hanley Global Investors of Dallas, TX.
For additional information, please contact your Relationship Manager.