Core Plus

as of 04/23/14
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Core Plus Fund: Core Bond with Higher Yield PotentialPDF
The Core Plus Fund is a foundational bond fund that's designed to generate a high monthly income stream through a mix of core bonds plus higher yielding securities.

 
Daily Price (04/23/14) $10.78 Daily Change: $+0.01 (+0.10%)  
Investment Objective: Growth & Income Ticker Symbol: ACCNX
Fund Type: Taxable Bond Funds Fund Code: 958
Share Class: Investor Inception Date: 11/30/06
Total Assets: $108,943,909.75 Newspaper Symbol: CorePls  
Performance

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
Expense
Ratio*
Inception
Date
as of
04/23/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +2.55% -0.56% +3.92% +5.45% --% --% +5.64% 0.65% 11/30/06
Morningstar
Ratings
M1:(as of 03/31/2014)
-- -- 3 out of 5 Stars3 out of 5 Stars----Overall
3 out of 5 Stars Overall
Funds rated in category:----942 808 ----942
Morningstar Category: Intermediate-Term Bond
Lipper Quartiles & Rankings:L1 --Quartile Ranking
134/170
Quartile Ranking
111/153
Quartile Ranking
106/127
----
Ranking for Core Plus 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
Stars
rated among 942 Intermediate-Term Bond
(as of 03/31/2014 )

The fund's current expense ratio is 0.65%

Investment Strategy:
  • The fund invests at least 65% of its assets in investment-grade, non-money market debt securities.
    • An investment-grade security is one that has been rated by a nationally recognized statistical rating organization in its top four credit quality categories or determined by the advisor to be of comparable credit quality. Details of the fund's credit quality standards are described in the statement of additional information.
    • Debt securities include fixed-income investments such as notes, bonds, commercial paper and U.S. Treasury securities.

    These securities, which may be payable in U.S. or foreign currencies, may include corporate bonds and notes, government securities and securities backed by mortgages or other assets. To round out the portfolio, the fund may invest up to 35% of its assets in high-yield and/or emerging markets debt securities.

    • A high-yield security is one that has been rated below the four highest categories used by a nationally recognized statistical rating organization, or determined by the investment advisor to be of similar quality. Details of the fund's credit quality standards are described in the statement of additional information.
    • The fund considers a security to be an emerging markets security if its issuer is located outside the following list of developed countries: Australia, Austria, Belgium, Bermuda, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. In determining an issuer's location, the portfolio managers may consider various factors including where the company is headquartered, where the company's principal operations are located, where the company's revenues are derived, where the principal trading market is located and the country in which the company was legally organized. The weight given to each of these factors will vary depending on the circumstances in a given case.

    No more than 10% of the fund's assets may be invested in non-dollar denominated debt securities. The weighted average maturity of the fund's portfolio must be 31/2 years or longer.

Risk Factors:

The lower-rated securities in which the fund invests are subject to greater default and liquidity risk, because the issuers of high-yield securities are more sensitive to real or perceived economic changes. Generally, as interest rates rise, bond prices fall. International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations. Investing in emerging markets may accentuate these risks.

More Information
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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

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

Brian Howell
Brian Howell
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

Objective

Maximize total return



Footnotes

(*) 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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