For 30 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution.
NAV
$48.55
As of
11/22/2024
1-Day Change
$0.03 (0.06%)
As of
11/22/2024
YTD Return
16.28%
As of 11/22/2024
| Distribution Yield at NAV 12-Month (As of 09/30/2024) | 1.89% |
|
30-Day SEC Yield - With Waivers (As of 10/31/2024) |
1.98% |
|
30-Day SEC Yield - Without Waivers (As of 10/31/2024) |
1.98% |
|
Distribution Frequency |
Quarterly |
| Inception Date | Sep 1, 1992 |
| Total Net Assets (As of 10/31/2024) | $25.97B |
| Gross Annual Expense Ratio (As of most recent prospectus) | 0.70% |
| Net Annual Expense Ratio (As of most recent prospectus) | 0.70% |
| Expense Estimator | |
|
Overall Rating
(Based on risk-adjusted returns) |
682 Funds Rated View All Ratings |
|
Category
|
Moderate Allocation |
| View Morningstar fee level | |
|
Equity Style Box
|
|
Head of U.S. Fixed Income | Head of Core Plus
Industry since 1993. Joined Firm in 2020.
| 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception (09/01/1992) |
|
|---|---|---|---|---|---|---|---|
| Balanced Fund - D Shares | 4.45 | 15.29 | 26.17 | 6.07 | 9.39 | 8.96 | 9.72 |
| S&P 500® Index | 5.89 | 22.08 | 36.35 | 11.91 | 15.97 | 13.38 | 10.67 |
| Bloomberg U.S. Aggregate Bond Index | 5.20 | 4.45 | 11.57 | -1.39 | 0.33 | 1.84 | 4.60 |
| Balanced Index | 5.61 | 14.21 | 25.05 | 6.05 | 9.05 | 8.34 | 8.21 |
| 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception (09/01/1992) |
|
|---|---|---|---|---|---|---|---|
| Balanced Fund - D Shares | 2.40 | 13.43 | 26.24 | 3.87 | 8.85 | 8.60 | 9.64 |
| S&P 500® Index | 3.66 | 20.97 | 38.02 | 9.08 | 15.26 | 13.00 | 10.61 |
| Bloomberg U.S. Aggregate Bond Index | 0.25 | 1.86 | 10.55 | -2.20 | -0.23 | 1.49 | 4.51 |
| Balanced Index | 2.29 | 12.45 | 25.47 | 4.19 | 8.43 | 7.98 | 8.13 |
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balanced Fund - D Shares | 15.37 | -16.59 | 17.19 | 14.33 | 22.52 | 0.63 | 18.51 | 4.51 | 0.60 | 8.46 |
| S&P 500® Index | 26.29 | -18.11 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 |
| RISK / REWARD VS. Balanced Index (60%S&P500/40%BBUSAgg) |
3YR | 5YR |
|---|---|---|
| Information Ratio | -0.18 | 0.23 |
| Alpha | -0.25 | 0.21 |
| Tracking Error | 1.51 | 1.89 |
| Beta | 1.01 | 1.05 |
| R-squared (%) | 98.53 | 97.89 |
| UP/DOWN MARKET CAPTURE (%) Balanced Index (60%S&P500/40%BBUSAgg) |
3YR | 5YR |
|---|---|---|
| Up Capture Ratio | 100.71 | 108.31 |
| Down Capture Ratio | 102.02 | 106.46 |
| STANDARD DEVIATION | 3YR | 5YR |
|---|---|---|
| Balanced Fund | 12.45 | 12.47 |
| Balanced Index (60%S&P500/40%BBUSAgg) | 12.22 | 11.76 |
| SHARPE RATIO | 3YR | 5YR |
|---|---|---|
| Balanced Fund | 0.01 | 0.51 |
| Balanced Index (60%S&P500/40%BBUSAgg) | 0.03 | 0.50 |
| CLASS D SHARES | |
|---|---|
| Management Fees | 0.55% |
| Other Expenses | 0.15% |
| Total Gross Expenses | 0.70% |
| Waivers | 0.00% |
| Total Net Expenses | 0.70% |
Index represents the S&P 500® Index.
| % of Fund | |
| Microsoft Corp | 5.56 |
| NVIDIA Corp | 5.49 |
| Apple Inc | 3.69 |
| Alphabet Inc | 2.85 |
| Amazon.com Inc | 2.52 |
| Meta Platforms Inc | 2.34 |
| Mastercard Inc | 2.24 |
| UnitedHealth Group Inc | 1.80 |
| Progressive Corp | 1.59 |
| American Express Co | 1.51 |
| TOTAL | 29.59 |
| View full holdings | |
|
Number of Holdings Equity Issues |
74 |
|
Number of Holdings Debt Issues |
699 |
|
Market Capitalization Weighted Average |
$1,100.79B |
|
Portfolio Turnover Rate (1-year trailing) |
71.47% |
|
Price/Earnings Ratio (1-year forward) |
23.78 |
|
Price/Book Ratio |
7.25 |
|
Earnings Growth Rate (1-year forward) |
17.97% |
|
Weighted Average Maturity (years) |
5.59 |
|
Effective Duration (years) |
6.47 |
|
Yield to Worst |
5.36% |
| Sector Allocation | % of Fund | % of Fund | As of 10/31/2024 |
| Regional Allocation | % of Fund | % of Fund | As of October 31, 2024 |
| Market Capitalization Range of Equity Holdings | % of Fund | % of Fund | As of 10/31/2024 |
| Developed vs Emerging Markets | % of Fund | % of Fund | As of October 31, 2024 |
| Credit Quality of Fixed Income Holdings | % of Fund | % of Fund | As of October 31, 2024 |
| Maturity Breakdown of Fixed Income Holdings | % of Fund | % of Fund | As of 10/31/2024 |
Our intellectual capital is readily available and central to our Knowledge Shared approach"
A discussion of current opportunities in equities and fixed income, and why a flexible asset allocation approach might prove valuable in today’s complex market landscape.
How top-of-mind risks for our portfolio managers differ from the concerns investors worry will impact their finances in the months ahead.
The Corporate Debt Index is a long-term study into trends in company indebtedness around the world, the investment opportunities this provides and the risks it presents.
