Fund Facts  

Inception Date: Oct 1, 2004
CUSIP: 670690387
Ticker Symbol: FYIPX
Morningstar Category:Inflation-Protected Bond
As of Dec 31, 2018
Fund Net Assets ($millions) $581

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide investors with total return while providing protection against inflation.

Principal Investment Strategies  

The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in inflation protected debt securities. These securities will be issued by the U.S. and non-U.S. governments, their agencies and instrumentalities, and domestic and foreign corporations. Up to 20% of the fund's assets may be invested in holdings that are not inflation protected.

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

Standard Performance As of Dec 31, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Nuveen Inflation Prot Secs Ia-0.47%-1.36%-1.36%1.72%1.34%3.66%3.38%
Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Indexa,b-0.42%-1.26%-1.26%2.11%1.69%3.64%N/A
Morningstar Inflation-Protected Bonda,c-0.95%-1.64%-1.64%1.86%1.14%3.11%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.

Fund Expensesa,d
Gross Expenses0.72%
Net Expenses0.53%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 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. Treasury Inflation-Linked Bond Index, consists of all U.S. Treasury inflation protected securities rated investment grade or better, having at least one year to final maturity and at least $250 million par amount outstanding.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 1, 2018 to Dec 31, 2018Dec 31, 2018$0.021884903
Nov 1, 2018 to Nov 30, 2018Nov 30, 2018$0.019600134
Sep 29, 2018 to Oct 31, 2018Oct 31, 2018$0.020437932
Jun 30, 2018 to Jul 31, 2018Jul 31, 2018$0.044388840
Jun 1, 2018 to Jun 29, 2018Jun 29, 2018$0.044531071
May 1, 2018 to May 31, 2018May 31, 2018$0.021248078
Mar 30, 2018 to Apr 30, 2018Apr 30, 2018$0.061851840
Mar 1, 2018 to Mar 29, 2018Mar 29, 2018$0.013285989
Feb 1, 2018 to Feb 28, 2018Feb 28, 2018$0.012856172
Dec 30, 2017 to Jan 31, 2018Jan 31, 2018$0.012427915
Dec 1, 2017 to Dec 29, 2017Dec 29, 2017$0.013154722
Dec 28, 2017Dec 28, 2017$0.087200000
Sep 30, 2017 to Oct 31, 2017Oct 31, 2017$0.012290550
Sep 1, 2017 to Sep 29, 2017Sep 29, 2017$0.013108448
Aug 1, 2017 to Aug 31, 2017Aug 31, 2017$0.012671560
Jul 1, 2017 to Jul 31, 2017Jul 31, 2017$0.008055035
Jun 1, 2017 to Jun 30, 2017Jun 30, 2017$0.009177088
Apr 29, 2017 to May 31, 2017May 31, 2017$0.008597044
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2018
Period Stars Category Size
Overall 4 Stars203
3-Year 3 Stars203
5-Year 3 Stars167
10-Year 4 Stars106

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Dec 31, 2018
Fixed Income Stylebox
Medium Moderate
Allocation of Assets As of Nov 30, 2018
Type of Asset Percent
Equity0%
Fixed Income99%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Nov 30, 2018
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond98.5%
Foreign Bond0.6%
Preferred0.0%
Convertible0.0%
Cash0.7%
Other0.2%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Nov 30, 2018
SectorPercent
Government87.5%
Securitized10.1%
Corporate1.5%
Cash & Equivalents0.7%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Nov 30, 2018
Quality LevelPercent
AAA38.7%
AA5.0%
A3.6%
BBB52.8%
BB0.0%
B0.0%
Below B0.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Nov 30, 2018
Holding NamePercent
United States Treasury Notes 0.25%8.9%
United States Treasury Notes 0.62%8.6%
United States Treasury Notes 0.62%6.5%
United States Treasury Notes 0.12%5.6%
United States Treasury Notes 0.12%5.3%
United States Treasury Notes 0.5%5.2%
United States Treasury Notes 0.12%4.4%
United States Treasury Notes 1.12%4.2%
United States Treasury Notes 0.12%4.2%
United States Treasury Notes 0.12%3.3%
 

Statistics

Duration and Maturity As of Nov 30, 2018
StatisticValue
Average Effective Duration7.54 years
Average Effective Maturity7.52 years
Portfolio Statistics As of Dec 31, 2018
Statistic3-Year5-Year
Beta1.000.98
Alpha-0.38-0.34
Standard Deviation3.123.54
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2018 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.