The investment seeks a high level of current income consistent with safety and preservation of capital.
Principal Investment Strategies†
The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of bonds and other fixed income instruments. Fixed income instruments may include, but are not limited to, U.S. Treasuries and Agency debt, debt of government-related entities, corporate bonds, commercial and residential mortgage-backed securities, convertible bonds and asset-backed securities. The fund invests mainly in domestic securities, and to a lesser extent may also invest in U.S. dollar denominated foreign securities.
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.
Performance & Expenses
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|Bloomberg Barclays U.S. Aggregate Bond Indexa,b||0.46%||5.80%||5.19%||4.03%||3.08%||4.79%||N/A|
|Morningstar Intermediate-Term Bonda,c||0.98%||5.96%||5.27%||3.72%||3.44%||4.53%||N/A|
Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.
Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.
|Total annual fund operating expensesa||0.79%|
|Fee waiver and/or expense reimbursement||0.11%|
A contractual expense waiver exists for this fund and will expire on 05-01-2017.
a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.
b. The Bloomberg Barclays U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.
c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Nov 30, 2016||Nov 30, 2016||$0.032600000|
|Nov 22, 2016||Nov 22, 2016||$0.064900000|
|Oct 31, 2016||Oct 31, 2016||$0.016300000|
|Sep 30, 2016||Sep 30, 2016||$0.046700000|
|Aug 31, 2016||Aug 31, 2016||$0.032300000|
|Jul 29, 2016||Jul 29, 2016||$0.029000000|
|Jun 30, 2016||Jun 30, 2016||$0.030000000|
|May 31, 2016||May 31, 2016||$0.025500000|
|Apr 29, 2016||Apr 29, 2016||$0.029000000|
|Mar 31, 2016||Mar 31, 2016||$0.031300000|
|Feb 29, 2016||Feb 29, 2016||$0.028200000|
|Jan 29, 2016||Jan 29, 2016||$0.026000000|
|Dec 30, 2015||Dec 30, 2015||$0.012100000|
|Nov 30, 2015||Nov 30, 2015||$0.025700000|
|Nov 24, 2015||Nov 24, 2015||$0.011500000|
|Oct 30, 2015||Oct 30, 2015||$0.014900000|
|Sep 30, 2015||Sep 30, 2015||$0.048600000|
|Aug 31, 2015||Aug 31, 2015||$0.028000000|
For 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, fee waivers, 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. 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. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.
|Fixed Income Stylebox|
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
|Cash & Equivalents||12.0%|
Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.
Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.
|US Treasury Note 2.75%||2.0%|
|US Treasury Note 2.25%||2.0%|
|Motorola Solutions 3.75%||1.9%|
|Euro Bk Recon & Dev Euro Mtn 1.625%||1.9%|
|Pentair Fin Sa 3.15%||1.9%|
|US Treasury Note 0.875%||1.9%|
|Agilent Tech 3.2%||1.8%|
|Whole Foods Mkt 144A 5.2%||1.5%|
Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing email@example.com, or visiting www.icmarc.org.
The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.
Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.