The investment seeks to achieve a high and stable rate of total return, when and as opportunities are available in the context of preserving capital in adverse markets. The fund invests at least 95% of its assets in U.S. government and agency mortgage-backed securities ("MBS") and other securities issued or guaranteed by the U.S. government, its agencies or instrumentalities (including Ginnie Mae, Fannie Mae and Freddie Mac), and collateralized mortgage obligations ("CMOs"), backed by U.S. government and agency MBS. The target dollar-weighted average effective duration for the fund is expected to range between 1 and 3 years.
Fund filings (PDF) »

Asset managers:
Hugh Lamle (Started: Jun 30, 2011)
Nancy Persoons (Started: Jun 30, 2011)
Lipkee Lu (Started: Jun 30, 2011)
Steve Clancy (Started: Sep 28, 2012)
Dominic Bruno (Started: Jun 30, 2011)

Advisor Company:
M.D. Sass Investors Services, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-0.11	-	-	-
Beta*	0.11	-	-	-
Mean annual return	0.03	-	-	-
R-squared*	12.76	-	-	-
Standard deviation	0.63	-	-	-
Sharpe ratio	0.47	-	-	-
* Against standard index

Risk measurement details »

Security	Net Assets
FNMA 3.5%	1.63%
FNMA CMO	1.49%
FNMA 5%	1.45%
FNMA 3%	1.21%
FHLMC CMO 5%	1.19%
FHLMC 4.5%	1.11%
FHLMC CMO 5%	1.10%
FHLMC CMO 5%	1.09%
FNMA 5.5%	1.04%
GNMA CMO	1.01%

Holdings Performance »