US Short Duration Bond Fund 85 IIC (US Offshore)

US National Day of Mourning for President Carter – non-dealing day in this fund

Please note we are declaring an additional non-dealing day for this fund. A non-dealing day will be in place on Thursday 9 January 2025, with dealing resuming on Friday 10 January 2025. This is due to the US National Day of Mourning for President Carter, which will see the New York Stock Exchange closed for the day.

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INVESTMENT OBJECTIVE

This dynamic, short duration bond fund seeks risk-adjusted returns and capital preservation. Our approach leverages a bottom-up, fundamentally driven investment process.

ABOUT THIS FUND

Leverages a bottom-up process using fundamental analysis and dynamic sector allocation aiming to generate returns through individual security selection
Integrated global fixed income and equity research effort seeks to identify the best risk-adjusted opportunities
Proprietary research and risk management system, Quantum Global, is integrated into the investment process

	Cumulative	Annualised
E2 USD (Net)	0.09	4.50	4.50	0.87	1.16	-	1.46
A1m USD (Net)	0.02	4.69	4.69	1.06	1.42	1.32	2.45
E2 USD (Net)	0.09	4.50	4.50	0.87	1.16	-	1.46
A2 USD (Net)	0.11	4.73	4.73	1.07	1.43	1.32	2.46
A2 USD (Net)	0.11	4.73	4.73	1.07	1.43	1.32	2.46
A1m USD (Net)	0.02	4.69	4.69	1.06	1.42	1.32	2.45
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	-	2.09
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	1.63	2.89
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	1.63	2.89
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	1.63	2.89
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	1.63	2.89
Bloomberg 1-3 Year US Govt/Credit TR	0.21	4.36	4.36	1.69	1.58	-	2.09
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	-	1.89
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	1.46	2.00
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	1.46	2.00
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	-	1.89
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	1.46	2.00
USD Diversified Bond - Short Term - OE	0.07	4.10	4.10	2.43	1.59	1.46	2.00

E2 USD (Gross)	-	2.32	-	2.66
A1m USD (Gross)	-	2.32	2.29	3.52
E2 USD (Gross)	-	2.32	-	2.66
A1m USD (Gross)	-	2.32	2.29	3.52
A2 USD (Gross)	-	2.33	2.29	3.73
A2 USD (Gross)	-	2.33	2.29	3.73
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	-	2.90
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	2.42	3.67
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	2.42	3.67
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	2.42	3.67
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	2.42	3.67
Bloomberg 1-3 Year US Govt/Credit TR + 0.75%	-	2.39	-	2.90

Cumulative

Annualised

1MO

YTD

1YR

3YR

5YR

10YR

Since Inception
03/12/2018

E2 USD (Net)

0.09

4.50

0.87

1.16

1.46

A1m USD (Net)

0.02

4.69

1.06

1.42

1.32

2.45

E2 USD (Net)

0.09

4.50

0.87

1.16

1.46

A2 USD (Net)

0.11

4.73

1.07

1.43

1.32

2.46

A2 USD (Net)

0.11

4.73

1.07

1.43

1.32

2.46

A1m USD (Net)

0.02

4.69

1.06

1.42

1.32

2.45

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

2.09

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

1.63

2.89

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

1.63

2.89

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

1.63

2.89

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

1.63

2.89

Bloomberg 1-3 Year US Govt/Credit TR

0.21

4.36

1.69

1.58

2.09

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.89

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.46

2.00

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.46

2.00

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.89

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.46

2.00

USD Diversified Bond - Short Term - OE

0.07

4.10

2.43

1.59

1.46

2.00

Annualised

3YR

5YR

10YR

Since Inception
03/12/2018

E2 USD (Gross)

2.32

2.66

A1m USD (Gross)

2.32

2.29

3.52

E2 USD (Gross)

2.32

2.66

A1m USD (Gross)

2.32

2.29

3.52

A2 USD (Gross)

2.33

2.29

3.73

A2 USD (Gross)

2.33

2.29

3.73

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.90

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.42

3.67

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.42

3.67

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.42

3.67

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.42

3.67

Bloomberg 1-3 Year US Govt/Credit TR + 0.75%

2.39

2.90

	YTD	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E2 USD (Net)	4.50	4.50	4.40	-5.92	-0.65	3.88	3.10	0.00
E2 USD (Net)	4.50	4.50	4.40	-5.92	-0.65	3.88	3.10	0.00
A1m USD (Net)	4.69	4.69	4.60	-5.75	-0.45	4.43	3.77	0.61	0.98	1.13	-0.37
A2 USD (Net)	4.73	4.73	4.60	-5.76	-0.44	4.45	3.73	0.71	0.84	1.22	-0.42
A1m USD (Net)	4.69	4.69	4.60	-5.75	-0.45	4.43	3.77	0.61	0.98	1.13	-0.37
A2 USD (Net)	4.73	4.73	4.60	-5.76	-0.44	4.45	3.73	0.71	0.84	1.22	-0.42
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	1.60	0.84	1.28	0.65
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	1.60	0.84	1.28	0.65
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	1.60	0.84	1.28	0.65
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	1.60	0.84	1.28	0.65
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	0.79
Bloomberg 1-3 Year US Govt/Credit TR	4.36	4.36	4.61	-3.69	-0.47	3.33	4.03	0.79
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.84	1.42	1.24	-0.17
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.84	1.42	1.24	-0.17
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.21
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.84	1.42	1.24	-0.17
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.84	1.42	1.24	-0.17
USD Diversified Bond - Short Term - OE	4.10	4.10	5.49	-2.14	-0.31	1.01	3.30	0.21

YTD

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

E2 USD (Net)

4.50

4.40

-5.92

-0.65

3.88

3.10

0.00

E2 USD (Net)

4.50

4.40

-5.92

-0.65

3.88

3.10

0.00

A1m USD (Net)

4.69

4.60

-5.75

-0.45

4.43

3.77

0.61

0.98

1.13

-0.37

A2 USD (Net)

4.73

4.60

-5.76

-0.44

4.45

3.73

0.71

0.84

1.22

-0.42

A1m USD (Net)

4.69

4.60

-5.75

-0.45

4.43

3.77

0.61

0.98

1.13

-0.37

A2 USD (Net)

4.73

4.60

-5.76

-0.44

4.45

3.73

0.71

0.84

1.22

-0.42

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

1.60

0.84

1.28

0.65

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

1.60

0.84

1.28

0.65

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

1.60

0.84

1.28

0.65

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

1.60

0.84

1.28

0.65

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

0.79

Bloomberg 1-3 Year US Govt/Credit TR

4.36

4.61

-3.69

-0.47

3.33

4.03

0.79

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.84

1.42

1.24

-0.17

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.84

1.42

1.24

-0.17

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.21

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.84

1.42

1.24

-0.17

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.84

1.42

1.24

-0.17

USD Diversified Bond - Short Term - OE

4.10

5.49

-2.14

-0.31

1.01

3.30

0.21

Asset class	Fixed Income
Product Structure	Irish Investment Company
Inception Date	Dec 24, 1998
Base Currency	USD
Fund Assets As of 31/12/24	$148.93M
Sector	Morningstar USD Diversified Bond - Short Term
Benchmark	Bloomberg 1-3 Year US Government/Credit Index
Year End	31-Dec

US Short Duration Bond Fund

Overview

US National Day of Mourning for President Carter – non-dealing day in this fund

INVESTMENT OBJECTIVE

ABOUT THIS FUND

Portfolio Management

Performance

Portfolio

Documents

Adjusting the recipe: What’s the right mix for balanced portfolios in 2025?

Global Perspectives: Finding balance in a shifting market landscape

How are companies navigating higher debt levels: latest study

US Short Duration Bond Fund

Overview

US National Day of Mourning for President Carter – non-dealing day in this fund

INVESTMENT OBJECTIVE

ABOUT THIS FUND

Portfolio Management

Performance

Portfolio

Documents

Related Insights

Adjusting the recipe: What’s the right mix for balanced portfolios in 2025?

Global Perspectives: Finding balance in a shifting market landscape

How are companies navigating higher debt levels: latest study