Diversified Bond

as of 04/16/14
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Diversified Bond Fund: A Risk-Managed, Core Bond StrategyPDF
The Diversified Bond Fund is an all-purpose bond fund designed to deliver a high level of risk-adjusted performance through actively managed positions in governments, corporates and other sectors.

Daily Price (04/16/14) $10.74 Daily Change: $-0.01 (-0.09%)  
Investment Objective: Income Ticker Symbol: ADFIX
Fund Type: Taxable Bond Funds Fund Code: 149
Share Class: Investor Inception Date: 12/02/01
Total Assets: $1,631,311,024.21 Newspaper Symbol: DivBnd  

Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus.

  Total Return Average Annual Total Return as of 03/31/2014
as of
as of
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +2.67% -0.35% +3.84% +4.76% +4.56% --% +4.81% 0.60% 12/02/01
M1:(as of 03/31/2014)
-- -- 3 out of 5 Stars2 out of 5 Stars3 out of 5 Stars--Overall
3 out of 5 Stars Overall
Funds rated in category:----942 808 581 --942
Morningstar Category: Intermediate-Term Bond
Lipper Quartiles & Rankings:L1 --Quartile Ranking
Quartile Ranking
Quartile Ranking
Quartile Ranking
Ranking for Core Bond Funds as of 03/31/2014, based on total returns.

M1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. Past performance is no guarantee of future results. Morningstar Rating™ is for Investor share class only; other classes may have difference performance characteristics.

Morningstar InfoM1

Overall Rating
rated among 942 Intermediate-Term Bond
(as of 03/31/2014 )

The fund's current expense ratio is 0.60%

Investment Strategy:
  • High and medium grade debt securities of all maturity ranges.
For Investors Who:
  • Are looking for a general purpose bond fund for asset allocation.
  • Want broad diversification across all bond sectors.
Risk Factors:

The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund's investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. Generally, as interest rates rise, bond prices fall.

More Information
arrow Prospectus
arrow Summary Prospectus
arrow Investment Kit
arrow Fund Minimums
arrow Semiannual Report
arrow Annual Report

Fund Management

G. David MacEwen
G. David MacEwen
Co-Chief Investment Officer
Senior Vice President and Senior Portfolio Manager

Robert V. Gahagan
Robert V. Gahagan
Senior Vice President, Senior Portfolio Manager

Jeff Houston, CFA
Jeff Houston, CFA
Vice President, Senior Portfolio Manager

Brian Howell
Brian Howell
Vice President, Senior Portfolio Manager

Alejandro H. Aguilar, CFA
Alejandro H. Aguilar, CFA
Vice President, Senior Portfolio Manager

Jesse Singh, CFA
Jesse Singh, CFA
Vice President, Portfolio Manager

John Walsh
John Walsh
Vice President, Portfolio Manager

Miguel Castillo
Miguel Castillo
Portfolio Manager


High current income


(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.

L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.

For a detailed description of any index referenced above, refer to our Glossary.

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